Are the results below good for an EA?
It it for the EUR\USD from 1st Jan 2008 to 29th July 2011?
I will add break downs for the the year to date and last year as well.
y not…looks pretty solid? what indicators are you using and are you willing to share strategy?
It is not very meaningful, because the modelling quality is insignifacnt. Its about ~50%, you should have tested with 90% at least, better 99% model quality. The best tickdata i found is given by dukascopy - for free. Oanda offers quality data as well, but only for people with an account worth more tha 1k? or 10k?.. Dont know right now. You have to import these data in mt4 and repeat the backtest.
Drawdown is way too high. Plus those numbers don’t tell much. The chart shows the naked risk and dd periods much better. Plus it shows if martingale is involved, etc. etc.
The reliability in percent is not very important, but the data is. You have to look if you have reliable data without gaps, lost or wrong data, etc. etc.
Too many mismatched chart errors. And losers are 10 times bigger then winners. I think it’s bad.