Optimizer - What good does it do?
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Hi i am new to backtesting and my priority is to get accurate result from the back test. I was told optimizer is to make the result look good which i dont really understand. Can someone kindly explain what is it good for and what are the different of each option?
Thank you
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@traderea6 optimizer has nothing to do with data accuracy. It just improves your strategy itself.
For example, you might have SL 50, TP 50, and use 13-period moving average.
With optimizer you can also test SL 40, TP 55, and use 14-period moving average.
You can quickly test even billions of different combinations of these input parameters, because the optimizer has a "smart" genetic algorithm for finding the best result.The different options are the "goals" for the optimizer, how it measures a "good" EA. I recommend only max recovery factor, others give pretty random results.
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@roar Help me understand better as I think this is very important for trade management n i am doing it manually.
Using your example. I am using RSI cross 50 for buy n below 50 for sell. TP at 100 pips.
I will like to know if RSI at 60 for buy n 40 for sell is better or if TP at 80 pips give me better profitability.
How can optimization help me as i dont see a part that show such information?
Thanks @roar
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@traderea6 ok this is a fairly large subject, so I'll make a tutorial to the tutorial section of this forum, check it out!
https://fxdreema.com/forum/topic/9406/tutorial-test-eas-like-a-pro -
@roar I saw your post. Very much appreciate it.
