Full Test Report - 1Minute Timeframe

Foreign Exchange Tester Report

Symbol		EURUSD (Euro vs US Dollar)
Period		1 Minute (M1) 2004.06.21 00:01 - 2006.07.07 00:00 (2004.06.20 - 2006.07.07)
Model		Every tick (based on all available least timeframes with fractal interpolation of every tick)
Parameters		TakeProfit=72; Lots=0.6; TrailingStop=74; MACDOpenLevel=4; MACDCloseLevel=6; MATrendPeriod=26;
Bars in test	659098	Ticks modelled	2866221	Modelling quality	22.05%
Initial deposit	10000.00
Total net profit	4718.76	Gross profit	9285.96	Gross loss	-4567.20
Profit factor	2.03	Expected payoff	98.31
Absolute drawdown	0.00	Maximal drawdown	2821.32 (21.28%)	Relative drawdown	21.28% (2821.32)
Total trades	48	Short positions (won %)	27 (81.48%)	Long positions (won %)	21 (76.19%)
		Profit trades (% of total)	38 (79.17%)	Loss trades (% of total)	10 (20.83%)
Largest		profit trade	457.92	loss trade	-1428.33
Average		profit trade	244.37	loss trade	-456.72
Maximum		consecutive wins (profit in money)	10 (2529.33)	consecutive losses (loss in money)	4 (-2821.32)
Maximal		consecutive profit (count of wins)	2529.33 (10)	consecutive loss (count of losses)	-2821.32 (4)
Average		consecutive wins	5	consecutive losses	2

A real bad forex result.... Ok, 47% in 2 years is still a great return, still better than any bank... Foreign Exchange is still the way to go... Allthough, have you noticed that suddenly the modelling quality dropped to 22.05% ?... That is also another thing to look out for in managed funds... If they only provide historical results (Foreign Exchange Managed Funds Comments), how good was their modelling quality? How exactly did they do the tests and were they run through various options and settings in order to prove without a doubt that it is an even semi-reliable predictor for the future.

REMEMBER: Historical results are never proof of future results!