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Fast Forex Millions back and forward testing by Remus

Remus Miclea (NextLevelForex)
Jan 22 2012 at 01:34
posts 262

   walker36 posted:
   Hi Remus

great work. Is it possible to upload the EURUSD BT chart template here please. I really wonder where/when it opens the trades to get an idea of what is the algo in general.

walker


Hmm... All I have is the strategy report .gif and .htm. They don't show the entries/exist better than what I already posted on myfxbook. I imagine you want something like the attached image (taken from the forward test account). Can you tell me how you get that for backtesting? (other than running a visual backtest, which I'm not going to do, since is taking too long).

Fichiers joints:


He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Remus Miclea (NextLevelForex)
Jan 22 2012 at 01:40
posts 262

   krana posted:
   great work.. i would also liek to see more real market test and how it works .. as we all know demo is no proof :)

so please share your findings. ...


Thanks


Thanks Krana!

Yes, I also want to see more tests before trading real money with more than 1 microlot.

But I will disagree with 'demo is no proof' in this particular case. Considering the EA enters trades at normal times (as opposed to MDP which trades only on volatility spikes, for example), a demo and a live account would have almost the same exact fills.

Yes, depending on the broker you could get slipped a bit on the real account, which does not happen on the demo, and that's why I said 'almost the same exact fills'. I plan to move the EA to real money account(s) after it proves that the forward testing is profitable. Again, for the type of trading it does, the fact that forward testing is profitable on a demo account would be very much an indication that it would be profitable on the same broker on a live money account.

As a matter of fact, I might start a real account forward test sooner than I thought, just to test what I said above...

Cheers!

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
ForexScam
Jan 22 2012 at 03:55
posts 1008
Hi Remus,

Thanks for your efforts and doing a backtest yourself! Do you know if the algorithm is actually using ticks for processing?

And does the vendor have a live account ( real Money ) this time? I received the marketing letter from Morrison a few days ago and states their account was up 8% however I can't find this account.

I'm already seeing a variation in performance with your two demo accounts =(

Good luck

Will

Remus Miclea (NextLevelForex)
Jan 22 2012 at 08:17
posts 262
Thanks a lot, Will!

I'm 99% sure the algo does not use ticks. I have 2 reasons for saying that:

- processing for trades (open, change SL, close) is done at 15 minutes mark (exception: trades closed via SL, but that happens outside of the algo - the broker just closes the order because SL level is hit); that tells me the algo is only doing its calculation at the beginning of each new M15 bar, and does not care about intra-bar ticks
- backtesting was extremely fast; it was so fast that in the beginning I though something went wrong and the terminal just ran through the whole data just reporting errors. That event also supports the M15 processing idea, since there there were 500 TIMES LESS bars than ticks in the selected time interval

Me doing tickdata backtesting had more to do with the fact that I trust the quality of that data a lot more than the default MT4 history. Plus it's the best type of backtesting, in terms of accuracy, so even if I knew upfront that the EA only processes signals every 15 minutes, I would still have used tickdata.

As for real money account from the vendor, I did not see anything like that, which most like means he does not have one that he's willing to show. Would not be surprised to get a 'demo accounts are performing the same for this EA' type of answer, which I actually believe, for this kind of EA (see the answer I gave above to Krana's question).

Yes, the 2 accounts where I'm doing the forward testing took different trades, but with so little history I would not jump to any conclusions yet. The nice part is that the EA is indeed taking a lot of trades, so in 1-2 weeks we'll have a lot more data for evaluating the EA's performance.

Take care,

Remus

He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Steve Walker
walker36
Jan 22 2012 at 11:14
posts 1341
Hi Remus

after BT finished just click 'Open Chart' ( right side of the strategy tester ) this will open the chart and will show up the trades taken on chart.
then right click on the chart and save as template. then any time when you apply this template to chart it will bring the results.
have good weekend.

walker

   NextLevelForex posted:
   

   walker36 posted:
   Hi Remus

great work. Is it possible to upload the EURUSD BT chart template here please. I really wonder where/when it opens the trades to get an idea of what is the algo in general.

walker


Hmm... All I have is the strategy report .gif and .htm. They don't show the entries/exist better than what I already posted on myfxbook. I imagine you want something like the attached image (taken from the forward test account). Can you tell me how you get that for backtesting? (other than running a visual backtest, which I'm not going to do, since is taking too long).

Steve Walker
walker36
Jan 22 2012 at 11:16
posts 1341
another tip. if you run BT in visual mode just minimize the visual chart. it will speed it up.😀

Steve Walker
walker36
Jan 22 2012 at 11:33
posts 1341
'But I will disagree with 'demo is no proof' in this particular case. Considering the EA enters trades at normal times (as opposed to MDP which trades only on volatility spikes, for example), a demo and a live account would have almost the same exact fills.'

if EA average TP > 15-20 pips then demo results will be the same as real account unless slippage and connection issues on real.

Alec
Jan 22 2012 at 12:00
posts 91
Alec
Jan 22 2012 at 12:36
posts 91
If I understand it well:

The best one can do with a 'decent spread', is a monthly 3% profit.

EUR/USD with fixed 0.01 lots. Right?

Steve Walker
walker36
Jan 22 2012 at 13:13
posts 1341
This comment in general. I am just pointing some issues. I am not against or fan.
data from original web page:
BT;
EURUSD : 2007-2011
USDCAD: 2010-2011!!
GBPUSD: 2010-2011!!
AUDUSD: 2010-2011!!
USDCHF: 2010-2011!!

- 2 years of BT is not enough!!
- EURUSD what is the result for 2000-2006??

MDP has hard coded setup change in its mql file. which that made me stay away of using it.( this means MDP is a semiautomated EA if trader can manage to do it ) code for the new EA should be decompiled and checked for the same issue. hard coded setup change can also be done in DLL. to understand that the DLL function must be checked if any date/time data is been used.

fyi
walker


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