I am trying to learn/develop a systematic testing strategy for forex robots to find profitable EAs and optimal settings for them. I am thinking about using backtesting, demo accounts, and small live accounts. Is something like this already out there? Or is there a course online on developing/testing EAs?
Thanks in advance, I would greatly appreciate any help.
Using the standard Strategy Tester in MT4 is much faster (less accurate) than the other methods. It is good for screening out the obvious failures and gives you some idea of how the settings affect an EA. It can’t be relied upon as the only verification - you still have to do demo and live trading for final confirmation.
Its a good tool to have in your trading skill set.
thanks. i’m sure someone has developed a systematic strategy for ea testing. with specific initial conditions and a specific way to analyze results, like in a scientific experiment. does anyone know where to find some information on this?
can anybody recommend to me a great systematic strategy? What is the most recommendable one?
Fap turbo robot is a scam! Don’t buy it! It works properly just in lateral movement of the market, but when a trend appear…it crash immediatly! the stop loss enter too later, creating heavy losses in your account! And all the results published in their home page are modified! BIG SCAM! I have all the real results calculated using excell, on the same example’s trading! For example, in the account started with 10000$, they declar a strong earning, but it’s false! if you check all the trades, you discover that account is loosing over 7000$, just for the trading, and OVER $14.0000 (!) for the IamFX commissions! YEs, my friends, FAPTURBO isn’t a forex killer, it is a trader killer! best regards to everybody! Salvatore