I'm currently trying to learn how to code EA's. In learning, I've created various scripts that perform very simple tasks. One of these entered a buy trade everytime a Doji candlestick appeared, with a SL of 25 pips and a TP of 50 pips. When I ran it on the tester though, it gave me a nice steady equity curve (seen in the image below):
Obviously you'd be mad to trust a single penny to such a system, so what should be made of the fact that it actually seems to have turned a steady profit? Does this mean that the tester is not a very good indicator of whether an algo is likely to be profitable?
Obviously you'd be mad to trust a single penny to such a system, so what should be made of the fact that it actually seems to have turned a steady profit? Does this mean that the tester is not a very good indicator of whether an algo is likely to be profitable?