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Hello Haliffa,
Actually the complete backtest is indeed for the whole backtested period. I will give you an example:
Let’s have a profit factor of 1.2 for the complete backtest. This does not mean that the profit factor in the In Sample or the Out of Sample will be above 1.2. Could be less, could be more. When you place for both and the whole period, then you will have your equity line smoother and at the same time, the Profit Factor will be above 1.2 for all.
Hey Haliffa,
Glad to hear from you. As I have said before, the most important is to learn from the mistakes and not to repeat them. I have seen so many traders making same and same mistakes, especially in manual trading.
Hello Fsgi,
Good point here! In the lectures, I explain how to use these strategies manually. Now, as said above, the EA for this strategy does not have the reverse option. However, I will have a look at it during the weekend and I will add it if it shows better backtest results.
Hello Fsgi,
Haliffa is quite right about what she says and here are 3 more things from me:
1. You do not need statements. Why? Because these are results from the past. Last months or years. There is never a guarantee that this performance will last in the future. That is why I do not encourage the traders in the Forum to share results. Simply, they would mean nothing in the present.
2. Statements bring hope and promise. In a few of my first courses, I showed results and statements which immediately were accepted as a promise. The first students came in a few months and said why I can not get the same results as you did? Many reasons: lack of experience, bad money management, and many other things starting from the creation of the EAs, the Historical data, spread, commissions etc.
3. Try to avoid looking for results from the others. When you are trading, it is only you and the platform. You can learn from others but concentrate on your results, on your performance and your strategies that you are using. It is you and your money that you are risking. That is why you need to free your mind from the old understanding about statements, others prove any strategy works, or others make a profit, so I will make profit now. No! It is you, the platform and the price. Nothing else matters.
Hope it makes sense. Cheers,
Hey Fsgi,
The thing is that everyone has a different approach on how to manage the portfolio accounts. And I am sure that it is not only me who change it all the time. Nearly at the end of everymonth, I change the acceptance criteria, the rules I follow the keep the EAs on live and to remove from there and so on…
Placing EAs in one account and keep trading only with them for a few months would be more accurate, but this is exactly what I learned from Petko Aleksandrov – we need to keep switching the EAs and to keep trading with the profitable EAs.
Hello Fsgi,
does Petko say that there should be a reverse? I have watched that course a couple of times and I remember as well that this strategy is without a reverse.
Hey Petko! You deserve it! All your efforts bring value and make us profitable traders..so yes, you deserve it!
I have missed that it is important to have acceptance criteria in the In Sample and the Out of Samle parts. Just now I realized that when the complete backtest is set, it is for all the period, but I saw now that is not…ahh..thanks Petko!
Hey Petko,
you are right, and I am sure that many people understand that. The problem is that most of us realize that after making mistakes. 🙂
Hey Fsgi,
Welcome to the Forum! Yes, Andi is correct. The EAs does not have the option to reverse the trades. That is why it did not take the opposite trade.
Cheers,
Hello Fsgi!
As far as I know this EA from the course of Petko was created with EA Studio. And in EA Studio there is no option to reverse the trades. So I guess the EA is not designed to reverse the trades at first place.
Regards, Andi
Hello Van,
I think that most do not work with the USA. Also, each broker has some territory, depending on where they get the contacts from.
Hey girls, I really really appreciate you like the courses. I really put a lot of effort and heart into each one, and I hope I will be able to continue recording..
Have a great profitable week ahead!
Hey Richard,
Welcome to the Forum!. Yes, the best thing is to leave your Meta Trader opened all the time, and it will collect the data. This is the only true way to use the data from your broker. The best is to be from the server of your real account.
Also, you might want to check if the data from the Demo server and the Live server is the same (or nearly the same).
