FFM seems to be the new kid on the block. I decided to jump in as soon as the early bird doors opened, and started 2 forward tests right away. Then on Friday and today did a bunch of 99% quality backtests, out of which 4 (all for EURUSD) ware uploaded to myfxbook and made public. For links and more details, see the post on my blog:
Remus - well done on getting into this so early. Im in two minds about this - i cant see much effort going into MDP with FFM now the new shining star. Having said that MDP does work and so i cant gripe - if in fact FFM is an all new apporach then i would consider buying it and running with MDP.. anyway watching with interest for the forward test before we all get excited
mikerawson posted: Remus - well done on getting into this so early. Im in two minds about this - i cant see much effort going into MDP with FFM now the new shining star. Having said that MDP does work and so i cant gripe - if in fact FFM is an all new apporach then i would consider buying it and running with MDP.. anyway watching with interest for the forward test before we all get excited
Thank you, Mike! I'm in a very similar position: MDP works for me (after a lot of work - by now it's recognized as the most broker sensitive MT4 EA), and FFM looks like a very complementary strategy. If it lives up to only half or even a third of the sales page 'proof', I'll be happy. If not, I'll have the opportunity to test how click2sell refund works ;)
walker36 posted: sounds like you have more info then us about the new one.😄
Not much. I mean, I don't have anything like 'insider info'. I have the results of 2011 tickdata backtesting, which I uploaded to myfxbook and just made public, for all 4 tested pairs (USDCAD is missing). You can see them in my profile, and I'll write a short post here, in a moment, with all the links.
And here is the legend (the names end in a letter: A, B, D or E):
A = ADVERTISED performance = sorry, cannot get this in real life; testing done with spread 0.0 for all pairs, 10% risk B = BEST broker = same as above, cannot get this in real life; testing with spread 0.0 for all pairs & 0.01 fixed lot size C = CHOOSE your broker = where your performance could be, if EA continues to perform as backtesting results show D = DECENT broker = some brokers can meet/beat this: no commissions, 1.5 spread for EURUSD, 2.5 for the others E = EXPENSIVE broker = worst scenario for my test: no commissions, 2.5 spread for EURUSD, 4.0 for rest of the pairs
I tested with pretty high spread, as well as no spread at all, to see how the robot behaves (see best and worst results).
As you probably now, I'm interested in seeing the pip gains, so the majority of the testing was done with fixed lot size. And just for fun (wanted to see what 10% risk test would look like), I did a bit for that testing for EURUSD and GBPUSD.
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