Martingale Mania VII ~ Backtesting Bane

Filed Under (EA System) by Casey on 03-09-2009

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While it is not a secret that backtesting is a real pain for me… nevertheless it needs to be done. It took a long time to really test Best Forex Sniper’s EA. Doing one currency pair over the period of 8 months took me like 12 hours… and I was really contemplating on whether I should continue with backtesting other currency pair.

Well, I had to do it. I needed to satisfy my curiosity… leaving no stone unturned. I wanted to me sure that my initial ‘blink’ on the chart was correct.

In my previous posts Martingale Mania V ~ Currency Pair, I manage to get 4 out of 5 correct, with a glance of the chart to see that my theory that any pair with a 330 pips movement one way without retracing would not be suitable for this EA.

With that before diving into these 4 currency to backtest it further… I had to satisfy my curiosity if other pairs could have potential for this EA… I did not trust my eyes.

So… here are the results on the currency pair that I have backtested

EURGBP, GBPCHF, AUDJPY, EURUSD, GBPUSD, NZDJPY, USDCHF, USDJPY

(Click on the graph to view statement records)
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EURGBP

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GBPCHF

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AUDJPY

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EURUSD

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GBPUSD

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NZDJPY

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USDCHF

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USDJPY—————————–

Well… well… I seem to have missed out two currency pair which could have potential… USDCHF and AUDJPY. Step two??

Maybe a little while more… I found a few more exotic pair which could prove interesting… Stay tune…

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