This one back-tested extremely well with my previous extremely dodgy history data. It also back-tested OK with slightly less dodgy history data on another MetaTrader 4 installation. When forward testing on a demo account, it did OK until the market started to consolidate, and like most trend following systems, got killed.
I've quickly tried some back-tests with various settings with my freshly downloaded history data, but was unable to capture it's former glory.
Here are the results of a back-test run from 1-1-2011 to 1-1-2012, H1 time-frame, trailing-stop 60, stop-loss 30. Lot size is calculated from the initial balance, in this case $10,000 which meant initial lot size of 0.1.
Nice, steady losses!
Not wanting to leave today on a completely negative note, this robot when combined with a moving average produces a little profit. Time-frame H1, trailing-stop 30, stop-loss 20, ema 8. If you were prepared to wait an entire year, you'd have $94.92 in profit!
