Gomega GBPJPY Live Results are Even Better than Back Test
The back tests on Gomega were good but the live results are even better. I’m not a big believer in back testing, simply because the amount of data available for the EA to work on, is minimal at just around 1% to 2% of the real time live tick data. Even when using the 1 minute time frame as 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 well did Gomega GBPJPY perform in the back test? The test was run across the same time period as the live results. Which is from Oct 5, 2008 through to April 10, 2009. Starting with an account size of $5000, the Gomega GBPJPY back test completed with a closing balance of $8174 which is a 63% gain. This compares well with the live results from Gomega clients. One client began live trading on Sept 2nd 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 GBPJPY. Another client ran a $5000 demo account over the same period and it hit a closing balance of $14,608.67 by April 3, which is a gain of 192%. And another client traded a live money account starting with $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 chart from the back test 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 brown is the from the back test.
You can find more information about the GOmega GBPJPY here Gomega GBPJPY Review.
