Forex Grid Robot

The back tests on Gomega were good, however the live results are even better. While I’m not a big believer in 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 data ticks. Even when using the 1 min time frame as the data source, each tick is just and average value based on the 50 to 100 ticks that would have existed in real time. In other words, back tests are poor facsimiles of live trading.

So how did Gomega GBPJPY do in the back test? The test was run across the same time period that we have live results for. Which is from Oct 5, 2008 thru to April 10, 2009. Starting with an account size of $5000, the Gomega GBPJPY back test finished with a closing balance of $8174 which is a 63% gain. This compares well with the live results from Gomega clients. Andreas Maeder’s account began live trading on September 2 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 uses for trading the GBPJPY. Another client ran a $5000 demo account over the same period which hit a closing balance of $14,608.67 by April 3rd, which is a gain of 192%. And Greg Surowiec traded a live money account of $5000 beginning on October 5th, 2005 and by April 10 it had reached $12,811.01 or a gain of 156%.

Here I’ve taken the chart from the back test and superimposed it over the live result charts (Sean, Greg). I then 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 brown is the from the back test.
You can find more information on the Gomega GBP JPY AutoTrader here Gomega GBP JPY Review.