it uses constant values for T.P & S.L and tested on 1H chart from 10/01/2001 - 10/01/2007 total trades about 800
I wrote a robot which performs good only on GBP/USD
but fails miserably on all other pairs
Is that the way it should be ??
most of the times, yes... but still, backtesting in MT4 can be missleading, if you have used that. I have noticed that the past data are not correct. If you let run the robot for some time that would be a better check I think.
another thing is how specific is your robot. If it includes indicators crossings it might only work on a specific pair and for only a short period of time.
cheers, P
most of the times, yes... but still, backtesting in MT4 can be missleading, if you have used that. I have noticed that the past data are not correct. If you let run the robot for some time that would be a better check I think.
another thing is how specific is your robot. If it includes indicators crossings it might only work on a specific pair and for only a short period of time.
cheers, P
I backtested it for 7 years.... not so short time period... :)
plus I used 90% modelling quality for the test... so its not the issue here
I backtested it for 7 years.... not so short time period... :)
plus I used 90% modelling quality for the test... so its not the issue here
Did you backtest with MT4 backtester? on a demo account?
if both anwsers are no then you might have something good, but still, non-judgemental trading sistems die with time. market takes care of them, believe me;)
for example see the automated trading chempionship, people there get a certin period when their robot should work and since they know that period they make a robot that actually makes wierd trades but wins competitions, because its easy to make something for the past, but eventualy it will stop working
Did you backtest with MT4 backtester? on a demo account?
if both anwsers are no then you might have something good, but still, non-judgemental trading sistems die with time. market takes care of them, believe me;)
for example see the automated trading chempionship, people there get a certin period when their robot should work and since they know that period they make a robot that actually makes wierd trades but wins competitions, because its easy to make something for the past, but eventualy it will stop working
I agree on that one... however my robot was backtested on data of 7 years and made lots of trades!!
it had 60-70 losing trades in a row... but yet with only minor drawdown and profit factor of 1.6
I agree on that one... however my robot was backtested on data of 7 years and made lots of trades!!
it had 60-70 losing trades in a row... but yet with only minor drawdown and profit factor of 1.6
so you have tried it on other pairs and it simply does not work?
well if you want to keep this discussion going you will have to tell us abit how it works... at least the basic logic, does it involves lots of indicators, structure of previos bars/combination of bars, etc....
so you have tried it on other pairs and it simply does not work?
well if you want to keep this discussion going you will have to tell us abit how it works... at least the basic logic, does it involves lots of indicators, structure of previos bars/combination of bars, etc....
it is based on breakout of 300sma (1H-chart)
if it breaks above this sma by 9 pips I buy with TP of 260 and SL of 20
same thing to the other direction
plus I applied some noise filter of 40 pips to filter ripples on that sma....
i did some optimization on 2001-2002 period and got some results
after that I took only the best and ran manually through 2002-2003, 2003-2004, .. 2006-2007
and left with only one consistently profitable setup ( actually two, which I combined into 1 EA )
i would say that each currency pair got their own characteristic
like USDCHF and EURGBP are know to be scalping pairs.
i would say that each currency pair got their own characteristic
like USDCHF and EURGBP are know to be scalping pairs.
if it was facebook i'd put like on that one
thanks
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I wrote a robot which performs good only on GBP/USD
but fails miserably on all other pairs
Is that the way it should be ??