The above are the statement and report of one of my latest EA, this is a scalping EA or should say it as an EA with smaller take profit but much larger stop loss. The backtesting report shows that this EA is having a >95% winning rate (will not show it here as it has almost caused my jaw to drop, too good to be true : P. But of course, the backtesting results may not represent the forward testing results).
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I've loaded the EA for forward testing since late 25 Mar 2010, till date, it has made 28 trades and all are winning trades (with slightly more than 50% hitting the target price). This results actually goes in line with the backtesting results.....wow! 100% win rate?? No, it is impossible for a EA to have a 100% win rate, if there is, either everyone will snatch it or nobody will sell it. As I mentioned earlier on, it is >95% (base on backtesting).
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With a 50% profit in just slightly short of one month, this EA definitely look great. But for live run, I will not use 1 standard lot per 10k but a smaller lot size, I prefer to manage my risk first before looking at the possible profit.
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I'm still keeping my finger crossed for this EA, running for just coming to one month really can't proof anything. My next revision is on the way, will be doing more testing after that while I'll continue to let this EA runs.
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I'll post the statement of this account again when it hit 100% profit. How long does it take? I really don't know. If you don't see me posting statement of this account again, you know what is going on...haha. Finger crossing even harder now. : P
Blogs are so informative where we get lots of information on any topic. Nice job keep it up!!
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