I run strategy tester in the EA on 10k demo account with default settings (as shown in attached image) on GBP USD M5 chart.
Start Date: 2 Jan 2012
Around 25 jan 2012 a big drawdown starts and on 8 Feb testing stopped because account is blown.
Any comments from EA developer on that?
View attachment 10727
View attachment 10728
We dont believe on backtest,because backtest will not show you trade on real time data quality(no slippage, instant execution of orders,data feed in real time,floating spread,weak data quality etc).In other word backtes never show you correct picture.We have many ea's in our hard disc which is hero in backtest but zero in real account.In short backtest never prove the quality of product.Backtset only show you the trading style of any ea.
At least FXPL EA is running on real account from last 24 weeks.Follow our forward test of real live account with live data feed.This is more trust able.
For some additional info, come to your backtest report.Find attachment for backtest from jan to feb 2012 which is same as your testing period and deposit $10000 is also same as yours.
You can see that Success fully passed this period with only 13% DD
Now question is why my backtest is different than yours?
This can be happen in two cases first your data quality is poor or second you choose a wrong backtest method.
In this case seems second reason is working.Yes you choose wrong backtest method.
You choose backtest method
"open price only(The fastest method to.......)" why?
This backtest method analyze only new bar open price. FXPL EA strategy does not follow bar open price only.
This is the reason why your picture is different than mine.
And This one more reason that why i dont trust on backtest.
Thanks.