How do you know you have a good EA?
depend on what you need the EA to do so
-only make money as much as it can , don't mind if it force you a big loss sometime like scalper dose
-make a good pips always , even get less money, but very less loss..like long term trader dose
high risk high return
low risk low return
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What measurements are used in the report of the backtester to determine if you have a good EA? I've been looking at Profit Factor and so far my EA can produce these numbers. Data from August 13 - Sept 6, lot sizes of 0.1 in order to mimic a mini account, balance starting at $5000.
EURUSD 7.82 (Gross Profit $3182, Gross Loss $-406.70)
USDJPY 2.18
GBPUSD 2.75
USDCHF 5.59
AUDUSD 2.78
USDCAD 2.32
EURJPY 4.53
EURGBP 0.29 (script got slammed early on due to the 90 pip change)
EURCHF 3.88