Gomega GBPJPY Live Results Even Better than Back Test

The back tests on Gomega were very good but the live results are even better. While I’m not much of a believer in back testing, mostly because the amount of data available for the EA to work on, is tiny at just around 1% to 2% of the original live tick data. And even when using the 1 min time frame as the data source, each tick is an average of the 50 to 100 ticks that would have existed in real time. In other words, back tests are a poor facsimile of live trading.

So how did Gomega GBPJPY do in the back test? I ran the test across the same time period as the live results. Which start from October 5, 2008 thru to April 10, 2009. Beginning with an account size of $5000, the Gomega GBPJPY back test completed with a closing balance of $8174 or a 63% gain. This compares very well to the live results from Gomega clients. Andreas Maeder’s account began live trading on Sept 2nd 2008 starting with a balance of $10,000. And by April 6, 2009, the balance stood at $19,909.24. A gain of 99% for the 7 months. You can see Andreas, from Switzerland, talks about his Gomega settings for trading the Pound Yen. Sean Hummel ran a $5000 demo account over the same period and it hit a closing balance of $14,608.67 by April 3rd, which is a gain of 192%. And Greg Surowiec traded a live money account of $5000 beginning in October 5, 2005 and by April 10 it had reached $12,811.01 or a gain of 156%.

Here I’ve taken the chart from the back test and superimposed it over the live result charts (Sean, Greg). I’ve color coded the balance curves to make it easier to compare the results. The blue line is the live money account, the green line is the forward demo test and the orange line is the back test results.
You can read more on the Gomega GBPJPY here GomegaGBPJPY Review.

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