After sorting out backtesting PipMaker and also EuroBlaster… (which I put it in another post) I manage to test the one EA that was the source of my stupidity, laziness, carelessness and also my downturn on my account balance.

I backtested Alfaforex… and gees… not as impressive as I would have imagine. But it was funny… I did two same backtest and the result is different. Funny… Have a look

Backtest one

Backtest two

Now click on the image to draw up the statement… you will see that the parameter is the same but the profit factor are different…

So what does this say… firstly… backtesting does not seem to be consistent or my data are fu(ked up. Anyway… backtesting result model are 90% accurate as they stated it clearly or maybe even worst.

The curve looks good… it’s still profitable that I can say for sure… but when you put it live… and if you see the downtrend on your account… what do you do?? Of course you would stop it… But that is another dilemma isn’t it? The EA is profitable so what we need is persistence… rather than jumping the guns and look for the next holy grail no?

I did not want to stretch it over time… because I just don’t want to indulge in my own mistakes. While the profit factor is above one… it does not mean that the future results will yield that sort of results.

It has proven that on my real account… while it looked pretty on my demo.

I wanted to test EURCAD but there is something wrong with my data… could not get a single trade for EURCAD… Oh well… since I am going to chuck this one in the archive folder… Might as well give EURCAD a miss….

But I got a strong feeling that I might or will revisit this EA…. Why? Because of the fact that it is profitable… secondly, if I were to use my 2% rule… I should be able to come out tops… I think….