Gomega GBPJPY Live Results are Even Better than Back Test
The back tests on Gomega are very good, however the live results are even better. While I’m not really a big believer in back testing, simply due to the fact that the amount of data available for the EA to work with, is tiny at just around 1% to 2% of the original live data ticks. And even when using the 1 min time frame for the data source, each tick is an average of the 50 to 100 ticks that may have existed in real time. In other words, back tests are poor facsimiles of live trading.
So how did Gomega GBPJPY perform in the back test? The test was run across the same time period as the live results. Which start from Oct 5th, 2008 through to April 10, 2009. Beginning with an account size of $5000, the Gomega GBPJPY back test ended with a closing balance of $8174 or a gain of 63%. This compares very well with the live results from Gomega clients. began live trading on September 2 2008 starting with a balance of $10,000. And by April 6, 2009, the balance stood at $19,909.24. A gain of 99% in just 7 months. You can see Andreas, from Switzerland, talk about his experience trading with Gomega and the settings he uses for trading the Pound Yen. Another client ran a $5000 demo account over the same period which reached a closing balance of $14,608.67 by April 3rd, that’s a gain of 192%. And another client traded a live money account of $5000 beginning in October 5th, 2005 and by April 10 it had reached $12,811.01 or a gain of 156%.
Here I’ve taken the back test result chart and superimposed it over the live result charts (Sean, Greg). I’ve color coded the balance curves so it would be easier to compare the results. The blue line is the live money account, the green line is the forward demo test and the orange is the from the back test.
You can read more on the GOmega Pound Yen AutoTrader at GoMEGAGBPJPY Review.
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