This is how someone can tell this backtest was performed with zero spread:
This is a sample from your backtest...notice that -2.0 pips is worth $-1000 while 2.0 pips equals $1000. 10.31.2013 13:00 10.31.2013 13:02 EURUSD Buy 50.00 - - 1.36598 1.36578 -2.0 -1000.00 1m -0.06% 10.31.2013 12:49 10.31.2013 12:49 EURUSD Sell 50.00 - - 1.36619 1.36599 2.0 1000.00 14s 0.06%
Below is a sample from a backtest with a spread...notice that the loss is double the gain for the same pips (1.5 = $10000 while -1.5 = $-20000). 12.21.2012 05:35 12.21.2012 07:20 EURUSD Sell 1000.00 1.32264 - 1.32004 1.31989 1.5 10000.00 1h 45m 0.02% 12.24.2012 06:45 12.24.2012 07:20 EURUSD Buy 1000.00 1.31644 - 1.31844 1.31829 -1.5 -20000.00 35m -0.05%
Note: Losses for the same pip value as a gain should always be larger than the gain for the same pip value if there is a spread being used. This is how you can calculate the value of the spread in dollars from a backtest. In the second backtest sample, the spread value in dollars is $10000 for 1000 lots. In MT4, you can adjust the spread being used from the Strategy Tester (backtester) from zero to any number you want. I don't this strategy could survive with a spread based on the average pip profit of 1.33.
Metcalfe99 posted: I have to withdraw my rate and change it to AWFUL I am sorry but this is the USUAL ARB CRAP No wonder it doesnt work on real. In a couple of minutes I had better results than this ea. I hoped that a trader like you could write a better strategy than this one. I dont know why after all this years there are still this kind of ea. If you want to share it after you got 1M from thie ea.....then wait....till forever...... :-q
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