RSI EA

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Hey, i just started learning mql4 recently, and i am automating known indicators like MACD, SMA, EMA, Bollinger Bands, RSI...
Not to make profit just to learn the language.
I was messing around with the RSI EA and it had amazing results in the backtest (strategy tester) over the past 12 months with 100% modeling quality.
Like really amazing results, they are too good to be true. I am still in shock. On a 100k account it did 250k net profit with 3.5k max dd.
Here are my settings:
-RSI period = 7
-M1 timeframe
-overbought = 90
-oversold = 10
-lot size = 5
-stoploss = 15 pips
-take profit = 75 pips

Has anyone tried it? If yes did you get similar results?
PS: I haven't tried it on demo yet, i'm planing on doing it, this all happened like 2 hours ago.

 

The MT4 strategy tester may not be as reliable as it appears, even with a 100% modeling quality, particularly on the 1-minute timeframe.

For a more accurate test, try running the same setup on the MT5 strategy tester. Make sure you're logged into a real account in your MT5 terminal first, so it can download real historical ticks from the broker's server. With a 100% test quality in MT5, the results are almost identical to actual market conditions.

What symbol have you used for your tests?
 
Your topic has been moved to the section: MQL4 and MetaTrader 4
Please consider which section is most appropriate — https://www.mql5.com/en/forum/172166/page6#comment_49114893
 
Eleni Anna Branou #:

The MT4 strategy tester may not be as reliable as it appears, even with a 100% modeling quality, particularly on the 1-minute timeframe.

For a more accurate test, try running the same setup on the MT5 strategy tester. Make sure you're logged into a real account in your MT5 terminal first, so it can download real historical ticks from the broker's server. With a 100% test quality in MT5, the results are almost identical to actual market conditions.

What symbol have you used for your tests?
Thanks for this reply, i'll definitely give it a try.
I backtest on gold
 
Albert Lawandos #:
Thanks for this reply, i'll definitely give it a try.
I backtest on gold

Good, let us know of your results.

 
Albert Lawandos:
Hey, i just started learning mql4 recently, and i am automating known indicators like MACD, SMA, EMA, Bollinger Bands, RSI...
Not to make profit just to learn the language.
I was messing around with the RSI EA and it had amazing results in the backtest (strategy tester) over the past 12 months with 100% modeling quality.
Like really amazing results, they are too good to be true. I am still in shock. On a 100k account it did 250k net profit with 3.5k max dd.
Here are my settings:
-RSI period = 7
-M1 timeframe
-overbought = 90
-oversold = 10
-lot size = 5
-stoploss = 15 pips
-take profit = 75 pips

Has anyone tried it? If yes did you get similar results?
PS: I haven't tried it on demo yet, i'm planing on doing it, this all happened like 2 hours ago.

now is the time to learn how the strategy tester works and stop rejoicing in your grail
 
Eleni Anna Branou #:

The MT4 strategy tester may not be as reliable as it appears, even with a 100% modeling quality, particularly on the 1-minute timeframe.

For a more accurate test, try running the same setup on the MT5 strategy tester. Make sure you're logged into a real account in your MT5 terminal first, so it can download real historical ticks from the broker's server. With a 100% test quality in MT5, the results are almost identical to actual market conditions.

What symbol have you used for your tests?
it won't work, there's no point in even running it
 
Albert Lawandos:
Hey, i just started learning mql4 recently, and i am automating known indicators like MACD, SMA, EMA, Bollinger Bands, RSI...
Not to make profit just to learn the language.
I was messing around with the RSI EA and it had amazing results in the backtest (strategy tester) over the past 12 months with 100% modeling quality.
Like really amazing results, they are too good to be true. I am still in shock. On a 100k account it did 250k net profit with 3.5k max dd.
Here are my settings:
-RSI period = 7
-M1 timeframe
-overbought = 90
-oversold = 10
-lot size = 5
-stoploss = 15 pips
-take profit = 75 pips

Has anyone tried it? If yes did you get similar results?
PS: I haven't tried it on demo yet, i'm planing on doing it, this all happened like 2 hours ag

Apply first bro

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