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  • Joseph Oluwaseun
    Participant

    I’ve tested almost 864 EAs over time, and one thing I’ve learned is that a high backtest profit doesn’t automatically mean an EA is good.

    Out of all the EAs I’ve tested, there are only 2 I’m comfortable recommending.

    What made them different?

    • Predefined SL & TP
    • No Martingale
    • No dangerous Grid
    • Proper risk management
    • Controlled drawdown
    • Reasonable risk-to-reward
    • Consistent performance across different market conditions
    • Realistic backtesting
    • Forward/live testing
    • Spread & slippage protection
    • News filter
    • Trading session filter
    • Lot-size control
    • Daily loss protection
    • Maximum trade limits
    • No unlimited averaging down
    • Stable equity curve
    • Doesn’t depend on one lucky period

    I stopped judging EAs by “how much profit did the backtest make?”

    The better question is:

    “How does it behave when the market stops going its way?”

    That’s where most of the 864 EAs I tested failed.

    The two I kept weren’t necessarily the ones with the biggest returns. They were the ones that showed the best balance between profitability, consistency, and risk control.

    in reply to: MT5 now available in the US #478042 Reply
    Joseph Oluwaseun
    Participant

    I’ve tested almost 864 EAs over time, and one thing I’ve learned is that a high backtest profit doesn’t automatically mean an EA is good.

    Out of all the EAs I’ve tested, there are only 2 I’m comfortable recommending.

    What made them different?

    • Predefined SL & TP
    • No Martingale
    • No dangerous Grid
    • Proper risk management
    • Controlled drawdown
    • Reasonable risk-to-reward
    • Consistent performance across different market conditions
    • Realistic backtesting
    • Forward/live testing
    • Spread & slippage protection
    • News filter
    • Trading session filter
    • Lot-size control
    • Daily loss protection
    • Maximum trade limits
    • No unlimited averaging down
    • Stable equity curve
    • Doesn’t depend on one lucky period

    I stopped judging EAs by “how much profit did the backtest make?”

    The better question is:

    “How does it behave when the market stops going its way?”

    That’s where most of the 864 EAs I tested failed.

    The two I kept weren’t necessarily the ones with the biggest returns. They were the ones that showed the best balance between profitability, consistency, and risk control.

    in reply to: Historical data from brokers #478041 Reply
    Joseph Oluwaseun
    Participant

    I’ve tested almost 864 EAs over time, and one thing I’ve learned is that a high backtest profit doesn’t automatically mean an EA is good.

    Out of all the EAs I’ve tested, there are only 2 I’m comfortable recommending.

    What made them different?

    • Predefined SL & TP
    • No Martingale
    • No dangerous Grid
    • Proper risk management
    • Controlled drawdown
    • Reasonable risk-to-reward
    • Consistent performance across different market conditions
    • Realistic backtesting
    • Forward/live testing
    • Spread & slippage protection
    • News filter
    • Trading session filter
    • Lot-size control
    • Daily loss protection
    • Maximum trade limits
    • No unlimited averaging down
    • Stable equity curve
    • Doesn’t depend on one lucky period

    I stopped judging EAs by “how much profit did the backtest make?”

    The better question is:

    “How does it behave when the market stops going its way?”

    That’s where most of the 864 EAs I tested failed.

    The two I kept weren’t necessarily the ones with the biggest returns. They were the ones that showed the best balance between profitability, consistency, and risk control.

    in reply to: Many Prop Firm Challenges Passed with EA Studio! #478040 Reply
    Joseph Oluwaseun
    Participant

    I’ve tested almost 864 EAs over time, and one thing I’ve learned is that a high backtest profit doesn’t automatically mean an EA is good.

    Out of all the EAs I’ve tested, there are only 2 I’m comfortable recommending.

    What made them different?

    • Predefined SL & TP
    • No Martingale
    • No dangerous Grid
    • Proper risk management
    • Controlled drawdown
    • Reasonable risk-to-reward
    • Consistent performance across different market conditions
    • Realistic backtesting
    • Forward/live testing
    • Spread & slippage protection
    • News filter
    • Trading session filter
    • Lot-size control
    • Daily loss protection
    • Maximum trade limits
    • No unlimited averaging down
    • Stable equity curve
    • Doesn’t depend on one lucky period

    I stopped judging EAs by “how much profit did the backtest make?”

    The better question is:

    “How does it behave when the market stops going its way?”

    That’s where most of the 864 EAs I tested failed.

    The two I kept weren’t necessarily the ones with the biggest returns. They were the ones that showed the best balance between profitability, consistency, and risk control.

    in reply to: Method For Profiting With Top 10 and Prop Firm App #478039 Reply
    Joseph Oluwaseun
    Participant

    I’ve tested almost 864 EAs over time, and one thing I’ve learned is that a high backtest profit doesn’t automatically mean an EA is good.

    Out of all the EAs I’ve tested, there are only 2 I’m comfortable recommending.

    What made them different?

    • Predefined SL & TP
    • No Martingale
    • No dangerous Grid
    • Proper risk management
    • Controlled drawdown
    • Reasonable risk-to-reward
    • Consistent performance across different market conditions
    • Realistic backtesting
    • Forward/live testing
    • Spread & slippage protection
    • News filter
    • Trading session filter
    • Lot-size control
    • Daily loss protection
    • Maximum trade limits
    • No unlimited averaging down
    • Stable equity curve
    • Doesn’t depend on one lucky period

    I stopped judging EAs by “how much profit did the backtest make?”

    The better question is:

    “How does it behave when the market stops going its way?”

    That’s where most of the 864 EAs I tested failed.

    The two I kept weren’t necessarily the ones with the biggest returns. They were the ones that showed the best balance between profitability, consistency, and risk control.

    in reply to: Problems with FX Blue #478038 Reply
    Joseph Oluwaseun
    Participant

     

    I’ve tested almost 864 EAs over time, and one thing I’ve learned is that a high backtest profit doesn’t automatically mean an EA is good.

    Out of all the EAs I’ve tested, there are only 2 I’m comfortable recommending.

    What made them different?

    • Predefined SL & TP
    • No Martingale
    • No dangerous Grid
    • Proper risk management
    • Controlled drawdown
    • Reasonable risk-to-reward
    • Consistent performance across different market conditions
    • Realistic backtesting
    • Forward/live testing
    • Spread & slippage protection
    • News filter
    • Trading session filter
    • Lot-size control
    • Daily loss protection
    • Maximum trade limits
    • No unlimited averaging down
    • Stable equity curve
    • Doesn’t depend on one lucky period

    I stopped judging EAs by “how much profit did the backtest make?”

    The better question is:

    “How does it behave when the market stops going its way?”

    That’s where most of the 864 EAs I tested failed.

    The two I kept weren’t necessarily the ones with the biggest returns. They were the ones that showed the best balance between profitability, consistency, and risk control.

     

    in reply to: structure of the account – lot size, # symbols #478037 Reply
    Joseph Oluwaseun
    Participant

    I’ve tested almost 864 EAs over time, and one thing I’ve learned is that a high backtest profit doesn’t automatically mean an EA is good.

    Out of all the EAs I’ve tested, there are only 2 I’m comfortable recommending.

    What made them different?

    • Predefined SL & TP
    • No Martingale
    • No dangerous Grid
    • Proper risk management
    • Controlled drawdown
    • Reasonable risk-to-reward
    • Consistent performance across different market conditions
    • Realistic backtesting
    • Forward/live testing
    • Spread & slippage protection
    • News filter
    • Trading session filter
    • Lot-size control
    • Daily loss protection
    • Maximum trade limits
    • No unlimited averaging down
    • Stable equity curve
    • Doesn’t depend on one lucky period

    I stopped judging EAs by “how much profit did the backtest make?”

    The better question is:

    “How does it behave when the market stops going its way?”

    That’s where most of the 864 EAs I tested failed.

    The two I kept weren’t necessarily the ones with the biggest returns. They were the ones that showed the best balance between profitability, consistency, and risk control.

Viewing 7 posts - 1 through 7 (of 7 total)
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