I back tested the robot over the same three days I had the robot running in a demo account, and the trades matched the live demo trades taken in real time over that time. That's a good sign.
The back test on EURUSD for November (1-13) 2010 lost money.
The back test for October lost money
The back test for September made money.
The back test for the previous 3 years made money. It had an almost perfectly linear equity curve. I've never seen anything like it. It was linear because the back tester showed it was not compounding but traded the same lot size the entire time.
I think there is promise for the EURUSD, even if you have to compound by setting the lot size manually.
The backtests on the other 5 currency pairs all lost money, horrible looking equity curves.
For those who are not getting trades, I tried to backtest on two US brokers who add characters to the ends of the symbol names like EURUSDpro or EURUSDfx, and no trades were placed in the back test. I suspect that the robot only recognize specific symbol names and will not work with any variations. If your broker has extra characters on the symbol names that may be why you are not getting trades.
I tried emailing support about the symbol names and got no reply. The symbol names is a problem. It should instead see if the symbol name it is looking for is in any part of the symbol character string. That should be fixed for all of us but I doubt that it will. If you take your current robot to a broker that uses standard names that may be the only work-around.
My question is what brokers use regular 6 character symbol names? This requirement rules out a lot of US brokers I think.
One person asked if you have to leave your MT4 running all day. The answer is yes. You have to leave your computer running or rent time on a server that can run all day (called a Virtual Private Server, VPS).
If your broker provides a VPS that's nice, but if they don't use regular symbol names it may not work anyway. Your input is welcome on broker's VPS.
Conclusion: The future performance is uncertain. The past results excluding the last two months are very good. It did so well over 2 to 3 years containing many market conditions so I think it will do well again. Don't count on getting support. Hopefully their authentication server will stay running. It's working for now. It seems like a good way to do the license because it allows us to change our broker instead of locking into one account number forever.
J
The back test on EURUSD for November (1-13) 2010 lost money.
The back test for October lost money
The back test for September made money.
The back test for the previous 3 years made money. It had an almost perfectly linear equity curve. I've never seen anything like it. It was linear because the back tester showed it was not compounding but traded the same lot size the entire time.
I think there is promise for the EURUSD, even if you have to compound by setting the lot size manually.
The backtests on the other 5 currency pairs all lost money, horrible looking equity curves.
For those who are not getting trades, I tried to backtest on two US brokers who add characters to the ends of the symbol names like EURUSDpro or EURUSDfx, and no trades were placed in the back test. I suspect that the robot only recognize specific symbol names and will not work with any variations. If your broker has extra characters on the symbol names that may be why you are not getting trades.
I tried emailing support about the symbol names and got no reply. The symbol names is a problem. It should instead see if the symbol name it is looking for is in any part of the symbol character string. That should be fixed for all of us but I doubt that it will. If you take your current robot to a broker that uses standard names that may be the only work-around.
My question is what brokers use regular 6 character symbol names? This requirement rules out a lot of US brokers I think.
One person asked if you have to leave your MT4 running all day. The answer is yes. You have to leave your computer running or rent time on a server that can run all day (called a Virtual Private Server, VPS).
If your broker provides a VPS that's nice, but if they don't use regular symbol names it may not work anyway. Your input is welcome on broker's VPS.
Conclusion: The future performance is uncertain. The past results excluding the last two months are very good. It did so well over 2 to 3 years containing many market conditions so I think it will do well again. Don't count on getting support. Hopefully their authentication server will stay running. It's working for now. It seems like a good way to do the license because it allows us to change our broker instead of locking into one account number forever.
J
