@tradingshed: No there are not other trading times that worth looking at. We have tried everything. Altough some seem to work excellent, sooner or later something not nice WILL happen. You gould have months in a row with high profit but also that profit could be erase in a day if you use wrong settings. For other trading times please see our firts post in this thread about our future plans.
Oliver1968, nice to see you on our thread. We are glad that you consider offering the free demo as a good thing. This is what our intention was, to be open to our future customers.
There are a few things to to say here though. Having the demo for free, gives you the chance to try anything at no cost. But, the settings you just posted WILL NOT work 100%. SL of 20 pips is way too low, it doesn’t give the trade space to breath. Any conclusion that you will draw based on the test you are currently making WILL be wrong. I can see that you are somehow new to automated trading. I must tell you that you try certain settings AFTER you have check them in backtest and see how they performed in the past. I am very curious what made you choose the settings you mentioned and the XAU pair. Also I have to tell you that backtests are not the easyest part of automated trading. MT4 history data is not the most complete one, it has wholes in it so modelling quality can go as high as 90% only. If you want better accuracy when backtesting you have to use Dukascopy’s history database which has 99% modelling quality. But that doesn’t go back to the '90s. Its only four years old, but good enough to see how an EA behaved in the most recent market condition. Long term backtests, even if they are only 90% modelling quality are very important to see if the EA survives ANY market condition without blowing the account off. So they are a must.
After making all the decisions based on backtests, you try a forward test on demo too se if your conclusions validate in live trading. Even at this point, some EA may experience loosing streaks instead of winning ones, because trading live is not all as pink as it seems. That is why we offer our long term live account to anyone interested to learn about ForexRealProfitEA. And that’s also why we have launched ForexRealProfitEA to the public after we had more than 6 months of real account trading and made adjustments to the EA to make it work with real money in real trading conditions.
Second, you don’t have to wait for months untill trades will take place. Check our live accounts, we have an average of 4 trades/day, with more than 2700 trades in a little short of 2 years of live trading.
Having said all this, I am really curious about how your demo test will go. It could have a first excellent week, with very high gains, but it could also have a desastruous start. You never know without taking all the necessary steps before going live.
Looking forward to your feedback,