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	<title>GOMEGA Review &#187; back tests</title>
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	<description>GoMega XRAY &#38; GoMega GBPJPY Autotrader forward tests &#38; live trading</description>
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		<title>Gomega GBPJPY Even Better Live than Back Tests</title>
		<link>http://gomegareview.com/gomega-gbpjpy-even-better-live-than-back-tests</link>
		<comments>http://gomegareview.com/gomega-gbpjpy-even-better-live-than-back-tests#comments</comments>
		<pubDate>Mon, 01 Jun 2009 00:55:40 +0000</pubDate>
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				<category><![CDATA[Gomega GBPJPY]]></category>
		<category><![CDATA[Quantum Research]]></category>
		<category><![CDATA[back tests]]></category>
		<category><![CDATA[configuration]]></category>
		<category><![CDATA[expert advisor]]></category>
		<category><![CDATA[gomega profits]]></category>
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		<category><![CDATA[live results]]></category>
		<category><![CDATA[live trading]]></category>

		<guid isPermaLink="false">http://gomegareview.com/gomega-gbpjpy-even-better-live-than-back-tests</guid>
		<description><![CDATA[Gomega GBPJPY Live Results are Even Better than Back Test &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;- The back tests on Gomega are good but the live results are even better. I&#8217;m not really a big believer in back testing, simply due to the fact that the amount of data available for the EA to work with, is tiny at just [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://gomegareview.com/Gomega_PoundYen" style="color:#0000FF;text-decoration:underline;color:#0000FF;text-decoration:underline;color:#0000FF;text-decoration:underline;" target="_blank" rel="nofollow" >Gomega</a> GBPJPY Live Results are Even Better than Back Test<br />
&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;-<br />
The <strong>back tests on <a href="http://gomegareview.com/Gomega_PoundYen" style="color:#0000FF;text-decoration:underline;color:#0000FF;text-decoration:underline;color:#0000FF;text-decoration:underline;" target="_blank" rel="nofollow" >Gomega</a> are good but the live results are even better</strong>. I&#8217;m not really a big believer in back testing, simply due to the fact that the amount of data available for the EA to work with, is tiny at just around 1% to 2% of the real time live data ticks. Even when using the 1 minute time frame for the data source, each tick is just and average value based on the 50 to 100 ticks that may have existed in real time. In other words, back tests are poor substitutes to live trading.</p>
<p><a href="http://forexrobotrading.com/ea_results/GomegaGBPJPY/StrategyTester081001-090410.htm"><img class="alignright size-medium wp-image-643" title="Gomegaxray GBPJPY Back Test" src="http://forexrobotrading.com/wp-content/uploads/2009/06/gomegaxray-gbpjpy-backtest-300x294.jpg" alt="Gomegaxray GBPJPY Back Test" width="300" height="294" /></a><strong>So how well did Gomega GBPJPY do in the back test?</strong> I ran the test across the same time period as the live results. Which start from Oct 5, 2008 through to April 10, 2009. Beginning with an account size of <strong>$5000</strong>, the Gomega GBPJPY back test finished with a closing balance of <strong>$8174</strong> which is a <strong>gain of 63%</strong>. This compares well to the live results from Gomega clients. One client began live trading on September 2 2008 starting with a balance of <strong>$10,000</strong>. And by April 6, 2009, the balance stood at <strong>$19,909.24</strong>. A <strong>gain of 99%</strong> for the 7 months. You can <a title="Andreas talks about his Gomega settings for trading the Pound Yen" href="http://quantumgomega.com/GoMega_PoundYen">see Andreas, from Switzerland, talks about his Gomega settings for trading the Pound Yen</a>. Another client traded with a <strong>$5000</strong> demo account over the same period which hit a closing balance of <strong>$14,608.67</strong> by April 3, that&#8217;s a <strong>gain of 192%</strong>. And Greg Surowiec traded a live money account starting on October 5th, 2005 and by April 10 was at <strong>$12,811.01</strong> or a <strong>gain of 156%</strong>.</p>
<p>Here I&#8217;ve taken the <a title="Gomega GBPJPY back test results" href="http://forexrobotrading.com/ea_results/GomegaGBPJPY/StrategyTester081001-090410.htm">chart from the back test</a> and superimposed it over the live result charts (<a title="Gomega GBPJPY Live Forward Test" href="http://www.gomegatraderfx.com/sean-statement.html" target="_blank">Sean</a>, <a title="Gomega GBPJPY Live Trading Results" href="http://www.gomegatraderfx.com/greg-statement.html" target="_blank">Greg</a>). I then 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 orange is the back test results.<br />
<a href="http://forexrobotrading.com/wp-content/uploads/2009/06/gomega_gbpjpy-live-vs-back.png"><img class="alignnone size-full wp-image-638" title="Gomega GBPJPY Back test versus live trading results" src="http://forexrobotrading.com/wp-content/uploads/2009/06/gomega_gbpjpy-live-vs-back.png" alt="Gomega GBP/JPY Back test versus live trade results" width="593" height="172" /></a> You can find more information about the GOmega GBPJPY at <a title="View a GoMEGA clients Information" href="http://gomegareview.com" target="_blank">GoMEGA Pound Yen Review</a>.</p>
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