% Drawdown
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Firstly I am relatively new to forex trading more so creating EA and running them. I have been reading that the best DD to have is 20%, because it only requires 25% to recover, however, i created a robot and have been optimizing for 96 hours almost and my highest Drawdown is 7.44% but profit is not good, with the lowest DD 1.33% during optimization profit 15 times greater . is the idea to keep the optimization going until i get a 20% drawdown or am in doing something wrong in optimization. I havnt ran anything on demo account yet.
I am sorry if this seems a stupid question
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@cliff-0 If you optimize by drawdown, it will literally find the lowest possible drawdown regardless of profit. Use recovery factor to optimize for both drawdown and profit.
When you get your strategy parameters optimized, just change the lot size to get that 20% DD. Remember, though, and its just statistics on past data and anything can happen in future. Always use forward testing when optimizing.
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@roar on MT4 where do i find forward testing sorry i have never seen it.
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@cliff-0 ah, I dont know, you should try mt5 lol
It's much better for optimization purposes
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MMMm it looks more complicated please remember I am a beginner. I have both platforms downloaded but my EA is made for mt4
will forward test be done on a demo account -
@cliff-0 ok do as you wish. Its really not that different from mt4, and you will have to learn mt5 at some point anyway, if you seriously wish to get into the EA business..
The forward optimization is a bit different than demo testing, its to make sure your optimization result is statistically valid. -
is there a way to convert my EA to mt5 in FXDreema i don't see how to make it in there. I appreciate your advice, so thank you very much
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@cliff-0 just open 2 projects in 2 browser tabs and copy-paste the blocks
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Drawdown - Should it be the lower the better? Why do you want to push it up? I cap my DD to 10%
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@roar Hello friend, a question, do you have a thread that allows you to see in a comment the maximum reduction of all active graphics in the Mt5 terminal?