Forex strategy feedback

VictoriaAlgo

Junior member
34 21
So what kind of strategy is it? bearing in mind that there is nothing new under the sun. Nothing that thousands of others have not considered before.
I don't discuss rules. I think there are new things under the Sun if the field is very new. I was really just looking for the feedback like "1.38 profit factor" is possible. Just common sense checks.

I am up to speed with the theory and practice however I'm quite new to extreme growth models.
 

CavaliereVerde

Experienced member
1,606 2,079
There is nothing to invent but there are infinite new ways to combine old stuff.
What about crossvalidation?
Is this ruleset profitable also on other assets and timeframes?
 

VictoriaAlgo

Junior member
34 21
There is nothing to invent but there are infinite new ways to combine old stuff.
What about crossvalidation?
Is this ruleset profitable also on other assets and timeframes?
I've done all the standard stuff, so multi market, asset, time frame, monte carlo, WFA, cross validation, OOS. It passes all of them but not stellar performance across the board and the very low timeframes generate too many trades.
 
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LongVision

Active member
223 431
I was really just looking for the feedback like "1.38 profit factor" is possible. Just common sense checks.
What is pip expectancy?
What is average holding period?
Did you considered slippage for order execution?
Did you considered swap & commission for backtest?

If pip expectancy is less then 5pips then this profit factor will be difficult to sustain/profit for live trading.
 

LongVision

Active member
223 431

I already shared one.
 

LongVision

Active member
223 431
This was pulled from another forum. It might be worth a forward test:-https://bit.ly/2OLxTI
Backtest error with tick data suite.
BT.jpg
 

VictoriaAlgo

Junior member
34 21
It seems a textbook scam backtest.
The only reason I have an interest is there are 9 months forward testing on a real account and I thought there was an opportunity to forward test it for myself. I've reached out to the author to see if there is a bug free version available. Authors of scam systems aren't going to allow others to forward test it without payment, so let's see!!!
 
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IlIlIlIlI

Established member
650 620
I have a better one 🤣
1613600278422.png

1613600302154.png

sorry, it's the German MT4. 😁

But this is also your problem with backtesting if you hold open positions when the market is closed:
1613600123188.png

The tester does not handle any gaps properly.

MT4 does not check the market data when closing a position on tp or sl.The funny thing is that a correct value was calculated for the equitiy, but not used for closing the position. Closing is always on tp or sl value, even if it is complete nonsense. This is the equity chart for the situation above:
grafik

So you should go to your chart and correct every trade on a gap over any weekend in the last 15 years, any holiday or other reason fo that a market could be closed or run into a gap or high spread, for example because of news releases. The demo ignores it, not only the backtester.
Then you come a few steps closer to reality.
 
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VictoriaAlgo

Junior member
34 21
I have a better one 🤣

So you should go to your chart and correct every trade on a gap over any weekend in the last 15 years, any holiday or other reason fo that a market could be closed or run into a gap or high spread, for example because of news releases. The demo ignores it, not only the backtester.
Then you come a few steps closer to reality.

I could post 1000s of similar back tests; they just mean the code is functioning...lol...not much else. What interested me about my previous post is the EA is backed by 9 months of forward testing which reconcile when back-tested. The author replied and send a downlink, so I will post the file in here after I have downloaded.
 
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VictoriaAlgo

Junior member
34 21
Neural Adaptive EA v4.2 - DEMO ACCOUNT AND BACKTEST VERSION: FORWARD TEST NOW

Copy mbfxalgosLib into your libraries folder.

Let's not try to kill it; the author is very relaxed about people trade copying from the demo to live account. 12 pairs and each has a unique number of A.I. models. GMT+2 brokers only with DST US.

Tick tests available from: Tick Tests

I guess real developers don't have an issue distributing strategies for forward testing because, let us face it, if that works on a live account...everyone is happy!!!
 

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VictoriaAlgo

Junior member
34 21
I have a better one 🤣
View attachment 296569
sorry, it's the German MT4. 😁

But this is also your problem with backtesting if you hold open positions when the market is closed:
View attachment 296568
The tester does not handle any gaps properly.

MT4 does not check the market data when closing a position on tp or sl.The funny thing is that a correct value was calculated for the equitiy, but not used for closing the position. Closing is always on tp or sl value, even if it is complete nonsense. This is the equity chart for the situation above:
grafik

So you should go to your chart and correct every trade on a gap over any weekend in the last 15 years, any holiday or other reason fo that a market could be closed or run into a gap or high spread, for example because of news releases. The demo ignores it, not only the backtester.
Then you come a few steps closer to reality.
The reality for me is I do not even release backtests until I have at least a three months forward test on a real account and I do not take the three months seriously beyond an indication that the backtest maybe valid should the statistical properties of both backtest and forward test fall within certain thresholds. I would be willing to bet a chunk of money that "Trading for Darwin ILR with 20.75% profit from December 2020 to February 2021" is no longer available by December 2021 whereas the 69% return system below continues to perform in a similar manner and the max DD continues not to breach 11%.

It should be a matter of work pride not to release backtests with a data quality of less than 90%, ideally 99.9%. It has been years since I've seen a data quality of 30%.

I've hidden the names of the MYFxbook portfolio. I am not trying to sell you anything.

Have a great weekend all.
 

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IlIlIlIlI

Established member
650 620
The reality for me is I do not even release backtests until I have at least a three months forward test on a real account and I do not take the three months seriously beyond an indication that the backtest maybe valid should the statistical properties of both backtest and forward test fall within certain thresholds. I would be willing to bet a chunk of money that "Trading for Darwin ILR with 20.75% profit from December 2020 to February 2021" is no longer available by December 2021 whereas the 69% return system below continues to perform in a similar manner and the max DD continues not to breach 11%.

It should be a matter of work pride not to release backtests with a data quality of less than 90%, ideally 99.9%. It has been years since I've seen a data quality of 30%.

I've hidden the names of the MYFxbook portfolio. I am not trying to sell you anything.

Have a great weekend all.
I do not release any backtests but for showing errors because I don't have any intention sell an EA or to support a seller. This backtest was published to show in a discussion in another forum that MT4 backtest cannot be relyable because of the rror in opening gaps. If you don't know this error you're cheating with your results.

Data quality is completely irrelant for the MT4 calculation error in backtests.

Your MQL5 link is broken or is removed recently where this EA was offered for a higher 3 digit amount in USD. But Google does never forget :)
1614944085751.png


You're here since January 21 and the same or similar stuff was offered on other forums since about the same time, not only for discussions.
I would be willing to bet a chunk of money that "Trading for Darwin ILR with 20.75% profit from December 2020 to February 2021" is no longer available by December 2021 whereas the 69% return system below continues to perform in a similar manner and the max DD continues not to breach 11%.
You're right, I will change the figures in my signature from time to time, maybe monthly.

And I take the challege, let's see whether you 69% return and a DD of less than 11 % will be still available with your trading at the end of this year. Let's see whether my trading results will be better than your's are now or end of this year.
 
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