Posts Tagged ‘strategy tester’

Gomega GBPJPY Back Tests Good – Live Results Even Better

The back tests on Gomega are good but the live results are even better. While I’m not a big fan of back tests, simply because the amount of data available for the EA to work on, is minimal at only around 1% to 2% of the original live tick data. And even when using the 1 minute 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 a poor facsimile of live trading.

Gomegaxray GBPJPY Back TestSo how did Gomega GBPJPY perform in the back test? I ran the test across the same time period that we have live results for. Which is from October 5th 2008 through to April 10 2009. Starting with an account size of $5000, the Gomega GBPJPY back test finished with a closing balance of $8174 or a gain of 63%. This compares well to the live results from Gomega clients. Andreas Maeder’s account began live trading on September 2nd 2008 with a starting balance $10,000. And by April 6, 2009, the balance stood at $19,909.24. A gain of 99% for the 7 months. You can see Andreas, from Switzerland, talk about his experience trading with Gomega and the settings he is using. Sean Hummel ran a $5000 demo account over the same period which reached at closing balance of $14,608.67 by April 3rd, that’s a gain of 192%. And Greg Surowiec traded a live money account starting in October 5th, 2005 with $5000, by April 10th 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 to make it 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 back test results.
Gomega GBPJPY Back test versus live trading results

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