Judging by one of the emails I received after the previous post, there may be some confusion about the results I posted. Let me attempt to clear it up. The yearly percentage gains or losses posted in the “monthly method” post are the backtesting results using the aggressive preset and running Euro-Blaster one month at a time for a year. In other words, at the end of each month, all positions are closed and the amount of capital in your account is adjusted before the next month begins. I literally backtested each month of each year from 2004 forward. But I gave a yearly result just for space reasons.
Thus, the percentage returns for the monthly method WILL be different from those posted on the Results page for the aggressive setting because the numbers on the Results page assume that Euro-Blaster runs non-stop for the entire year (or until margin call). That makes a big difference. As you can see, the monthly method is much more profitable year in and year out.
One more thing that occurred to me about this method. It will be difficult to test it on a demo account simply because you cannot withdraw or deposit money from/into your demo account. The only way to get to the proper money management (using only 25% of available capital) will be to turn money management off and limit the lot sizes. Looking at the live demo results, I find it difficult to discern the correlation between lot size and account equity. It does not appear to be a linear correlation. As a starting point, I would suggest 0.04 lots per $1,000 in your demo account. Of course in a live account you can withdraw or deposit the necessary funds to keep the 25% capital level in your account and then just leave MM turned on, making it much easier.
2 Comments until now.
there a few things i see with this ea and all ea’s
1. never run 1 ea on an account with aggressive settings. i use this ea with the patrickb settings except my risk is turned down to 3. no higher I have 3 ea’s on the same account that all help each other and diversify that way the account won’t blow up. i have never blown a live account because of this.
2. never trust a back test. every programmer knows that mt4 tick data in a back test jumps around and therefore gives inaccurate data. all that lets me know is that the EA can enter and exit correctly. i bought it because of the forward statement, not because it could have supposedly made 31,000% in 2008 and back testing ea’s made recently will not do good either because they are built around todays volatility, not 2007 or 2004. this is why the owner talks about updating the ea as the market changes. and it will change eventually again. and so will the EA along with others or they will fail too, blowing up and account.
3 and you know this one different brokers have different results. if you look at my live stats compared to the owners demo stats, i am actually getting more trades and better trades because i don’t use market maker mt4’s. how is it that he gets less signals on a demo than i do in live? mostly because I’m am in MBtrading’s mt4 beta program and that is the purest of ECN’s i can think of for mt4 right now.
but all in all, it is a good ea when used in conjunction with other with the risk turned down
happy trading!
Good comments, Jawahn. Thanks for stopping by.
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