Performances given by u show that this EA is new. Maximum performance is of 2 weeks I think. It is hard to judge an EA based on just 2 week performance. If this is newly developed EA then u should trade with it for at least 6 months. Usually 1 year performance is considered as a good measure of average profitability of a system.

Please view 2007 - 2013 Strategy test at Myfxbook for verfication - http://www.myfxbook.com/members/advisory

Originally posted by bestFXbot

Please view 2007 - 2013 Strategy test at Myfxbook for verfication - http://www.myfxbook.com/members/advisory

Isnt it a back test?

Hi Sasha, 

Yes the Strategy Test is the same as a Back Test.

All our strategies are first tested within the Strategy Tester ( Metatrader) using Tick data to ensure functionality, precise entry exit, and allow users to duplicate our results since Tick Data is consistent because it comes from the same source ( Dukascopy ) . 

The Backtests are from the initial storage of tick data at Dukascopy ( 2007 ) and until now 2013.

The backtests suggest a profitable outcome. 

Yes, backtests show consistent profitability. But it is least preferrable when analysing results of a strategy. Best is to show live account with consistent performance over a long period. Then comes demo account. Backtesting results r not reliable because an EA can be curve-fitted based on past data. If this EA is just released (as live accounts show) then it will take some time to build its trust.

We understand that curve fitting can be  problematic to demonstrate the performance from historical events to a real world forward test.  We've solved this fallacy by avoiding traditional technical analysis indicators.  TA libraries are often used to curve fit data to match a specific TA parameter during optimization to show outstanding strategy tests that fail when applied to the forward test.  Please keep in mind that backtesting can be accurate/reliable and very useful during  R+D when applied correctly. 

Advisory EA strategy test(Historical) and forward tests(Real)  match in performance because we do not build our strategies based on indicators. Since we do not use trading indicators there are no parameters to optimize during a strategy test and the strategy can not be curve fitted.  Please look at the External parameters within the strategy tests. All setting are default.  Please read about Advisory EA here - http://bestfxbot.com/bestfxbot/advisory/

Results r good so far. Would like to see it for long term.

Through these past few months we could only stress how important it is to use the proper money management requirements in the manual. 

$10,000 on 1 currency pair.  Estimated yield is 100% Annual return. 

Risk Capital > recommendations = safer and smaller annual returns. 

Now offering Forex Signals on EURUSD through SimpleTrader.com - http://bestfxbot.com/forex-signal/

Originally posted by bestFXbot

Through these past few months we could only stress how important it is to use the proper money management requirements in the manual. 

 

$10,000 on 1 currency pair.  Estimated yield is 100% Annual return. 

Risk Capital > recommendations = safer and smaller annual returns. 

 

 

Our Live account with 6 months of history is averaging a 60+% annual gain.