Hi Petko,

 

After going through the course today, my question is, is the EA optimised for current BTC market conditions and price? The reason I ask is I see the course was recorded in 2017, right before the insane climb of the Bitcoin price, and again in June 2018, when there was a big downward trend. Currently, the price is trading in a relatively narrow channel. Of course, there are still big moves, where we can take good profits, but when backtesting the EA in MT4 (fully automatically), from Jan 2019 to current, the graph doesn’t look great, and the losses are more than the profits.

Please see the screenshots below.

 

Thanks as always,

 

Ilan

Hey Ilan,

the EA for this course was created with EA Studio. This means that you have to select Open Prices only as a method when backtesting the EA.

Also, which broker do you use?

And yes, the course was recorded in 2017 but I have been updating the EA regularly.

Hi Petko,

 

Thanks for the quick reply. I used JFD for the backtest. I have rerun the backtest using bar opening only from Jan 1, 2018 to current. It does look better but gross profit is still less than gross loss.

 

Am I perhaps doing the backtest incorrectly? I am still quite new to this, so any advise will of course be very much appreciated.

 

Profit = $21,081.51

Loss = $-$28,830.59

 

Thanks,

 

Ilan

 

Hey Petko,

What do you think about the current Bitcoin trend? Up or down? 🙂

It looks up on Weekly but if I zoom on D1 it looks bearish…

Exactly!

Last night I recorded an update for the newest course the Cryptocurrency Investment system showing exactly that.

It looks like there is a new upcoming trend coming up (after a small downtrend that was formed).

 

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