Wow, okay guys. So I wasn't completely happy with the backtests that I have done previously, especially with the quality, so I decided to make an effort to get some high-quality tick data from Dukascopy to backtest on. At first I was concerned that higher quality historical data would kill my profits. After several hours playing with the settings for TMT, I couldn't have been more wrong...
Here is the backtest for 2010. Take note of the 99% modeling quality. You'll also be able to see my settings there.
From 2010.02.01 to 2010.12.01 with an initial deposit of $1,000:
Turned a $1,000 account into $734,096.00 in under a year with only 10% DD and 90% wins. Add to that the rebates I'd get from cashbackforex, and that would be nearly $800K for me. I know that there is a ridiculous amount of risk/trade, but honestly I think this EA is one of the few that it makes sense with.
These same settings for 2009 don't trade as well, but it still made over $300k!
Even you backtesting naysayers have to admit that these results are pretty interesting, and even half the profits would still be an amazing year.
P.S. I think we can all relax over the mediocre results this January -- I have been seeing similar results for the past few years. Things should start to turn around in February.
P.P.S. Follow this tutorial to get the same historical data. If you use this data keep in mind that the GMT offset is based on the data, not your broker. This data runs at GMT time, so there is no offset.
Here is the backtest for 2010. Take note of the 99% modeling quality. You'll also be able to see my settings there.
Code:
http://bill.curry.name/backtests/fmt/StrategyTester2.htm
Turned a $1,000 account into $734,096.00 in under a year with only 10% DD and 90% wins. Add to that the rebates I'd get from cashbackforex, and that would be nearly $800K for me. I know that there is a ridiculous amount of risk/trade, but honestly I think this EA is one of the few that it makes sense with.
These same settings for 2009 don't trade as well, but it still made over $300k!
Even you backtesting naysayers have to admit that these results are pretty interesting, and even half the profits would still be an amazing year.
P.S. I think we can all relax over the mediocre results this January -- I have been seeing similar results for the past few years. Things should start to turn around in February.
P.P.S. Follow this tutorial to get the same historical data. If you use this data keep in mind that the GMT offset is based on the data, not your broker. This data runs at GMT time, so there is no offset.
Code:
http://eareview.net/tick-data
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