Hi.
I found an EA online called Aladdin7, and I wanted to play around with it a bit. I’ve encountered a problem though…
Everytime I try to backtest it, it just gives me this weird, way too short graph?
I tried the exact same testing setting, but just switching to one of the EA’s that comes with MT4, and they backtest just fine…?
What could be the problem?
Hi there,
What does it say in the Journal tab?
Cheers, Paul.
Well, it says a lot of things… But two of those things is something about “unmatched data error”. I only get that message with this EA though… Not with the others I’ve tried.
“unmatched data error” means you’re trying to test over a period for which you don’t have accurate back-test data. Try a different time-period or a different symbol?
I got it working! 
I switched to a different account with a different broker, and now my backtests work fine!
Was the full test promising for that EA?
The reason is because your original broker that you used had missing data an resulted in your backtest ending shorter than intended. The new broker probably has less gaps.
Your picture is so small, so I cannot see the modelling quality. I’m guess it’s 90% or less, which means the results are worse than useless. If you did your due diligence and prepared your data, then it would be more valid.
Aladdin7 is simply the WSR EA cloned by a group of Russian programmers. The only difference is in their parameters. I believe Aladinn7 also has a news filter incorporated into it.
Personally, I wouldn’t put too much effort into it. I’m pretty familiar with the model and have had experience playing around with the source code. 
Well… I’m not very familiar with backtesting or EA’s at all! So no surprise, I couldn’t even get that EA in profit with backtesting!
If automated trading is what you’re interested in, I would first spend some time understand the basics and fundamentals before you go on the hunt for an algorithm. From my personal experience, developing your own trading model is more reliable compared to playing with a black/grey box.
Haha, yeah… That’s sort of what I figured But I’m still more in to manual trading, I just wanted to play around with an EA, but it’s harder than I thought!!
That’s what I told myself in the beginning as well. But after studying systematic trading, I’ve never looked back. 
But is it really possible to make money with an EA…? You don’t hear many success stories around the web… I know the big hedgefunds and stuff trade with “robots”, so I guess it is possible for them, but is it also possible for a retail trader?
That’s up to you to find out and make an opinion for yourself. I will say this, stay away from EAs that are for sale. Reason being? Why would they sell it if it’s supposedly adding an extra 0 at the end of their balance each year?
Haha, yeah. I never understood that either But you need to write your own EA then…? That seems very difficult!
Like any business, it takes work.
Ofcourse Well, let me ask you this then. Do you, or anyone you know, actually make money using an EA? I’ve always found it a bit hard to belive that you could have a program running which makes money for you…
i would quote one of my favorite german spoke:
“nobody who finds a gold vein will call for other gold seekers”
Or how long will you stay, read and write in this forum?
Re: As long as you need to find your profitable EA or trading method, -or- untill you give up and leave the forex.
Is it true or am i right?
I think, really few people, nearly 0% who have a good working EA at home, no matter if it´s a own or bought one, will spend time in forums and say “hey, i have a really good EA, it´s this one: …!”.
Some say it, but it has another reason: They want to make money with advertising or sell any EA.
no not yet.
I am starting to test some in demo.
But i can tell you about one EA which will work fine during some months and then blow your account away: Ilan1.4 (martingale system, russian freeware). Better stay away from this one :58:
Yeah, I’ve never heard good things about martingale systems in general!
But I trade live right now, but just not using an EA. I just find the whole idea quite interesting, and have been reading a little bit about automated trading If you could just have a robot running that would give you like 10% a month, you would have your own little gold mine!
But, what you guys are basically saying is that you should learn to program your own EA, and then take it from there?
for sure if you are a good trader it´s the best way.
But when shall i learn to code? i am a full time worker with a family and i don´t even know how to trade well.
I do believe that there are some commercial or free EAs that give you around 10% a month, for example this one:
Forex Invest Bot | Birt’s EA review
(there is a thread for this one here)
I bought it and i am testing it (demo). But there are some problems i have to check. It did only fery few trades yet. May be it´s the wrong broker or mistakes in the settings. As i said i need more experience and knowledge.
You have to be very carefull with the commercial EAs, many (or most) of them are dangerous.
I always do researches, on reliables sites and forums like this one. A nice kurve on myfxbook (only real life test) is absolutely not enough for me. It´s just the first argument to wake up my interest.
