Hello Traders,
After 5 months of working on a risk management mathematical model for trading forex that came to me , i finally found a strategy to match it against and coded an EA that i believe is good for long term trading . I am more of a manual trader and would like to share some of the back testing results for fellow traders to critique and analyze based on their past experiences with EAs .
All i can say about the EA is that it uses 0 indicators for trading and for the risk management model too , no filters , just raw price and simple maths e.g 2-1=1 , -2+1=-1 etc . I am no long term trader , been in forex for the last one and a half years so take it easy on me lol .
Plus i hope other people who have their own EAs would find useful information from your critique too.
Good work, thats pretty much what I can say
Though there seems to be a conflict between the myfxbook page and the zipped portfolio:
Z-score is 1.84 on MFXB, and -21 in the zip report. Thats big difference… You got any idea how it happened?
Thanks and yes , i just saw that now but maybe it’s because the zipped report is a combined report of both test results on EUR/USD and GBP/USD while the myfxbook one has only the EUR/USD , thus i suppose it will be different if i’m not wrong . I’d love to give you the link but there is some information displayed at the top of the page that will be a giveaway about my EA and model
Thank you sir , i have been through indicators and i gave up on them even in my manual trading . Interesting thing is when i have tried using indicators as a filter on this EA , trades become of more quality,good looking to the eye and emotionally soothing BUT made it worse in terms of drawdown management and results so i never used them in this. Thanks for looking.
