Please guide me. I don't know whether to believe this EA or not. Attached the back-testing pdf report.
I have performed a back-testing one of the EA's and was evaluating in the following manner.
1. Started the EA on a demo account on June 6th 2010. Yes very recently.
2. On 15th June, 2010, I started the back-testing from 14th April, 2010 to till date.
I assumed that the trades the EA has performed on the demo account should match up while in the back-testing. The first trade in the demo account was on 8th June. I was surprised to see little differentiation at the open price, timings between the demo live and back-testing. All of sudden they started matching up, the timing and the price. But one of the trade that never occurred on the demo-live was present in the back-testing. The last trade. I don't know the reason, but the back-testing just stopped here. So is it fair enough to evaluate a EA just based on its back-testing. I am attaching the back-testing report, which displays the full settings. Sorry, I need to remove the EA name as I got it from one of my friend.
I have performed a back-testing one of the EA's and was evaluating in the following manner.
1. Started the EA on a demo account on June 6th 2010. Yes very recently.
2. On 15th June, 2010, I started the back-testing from 14th April, 2010 to till date.
I assumed that the trades the EA has performed on the demo account should match up while in the back-testing. The first trade in the demo account was on 8th June. I was surprised to see little differentiation at the open price, timings between the demo live and back-testing. All of sudden they started matching up, the timing and the price. But one of the trade that never occurred on the demo-live was present in the back-testing. The last trade. I don't know the reason, but the back-testing just stopped here. So is it fair enough to evaluate a EA just based on its back-testing. I am attaching the back-testing report, which displays the full settings. Sorry, I need to remove the EA name as I got it from one of my friend.