Feedback in:
Hello. I hope you and your family are doing great. I’m your fan and a trend following trader. I have developed an EA to help me trade mostly because of trading hours in my country. I have to wake up at midnight to check for trade entries, which made me adopt an EA. But this EA acts strangely to me. If I let it run on backtesting it gives good results but when you check on drawdowns it’s worrying. The equity curve moves up while the balance curve goes down and in the end it closes with a high return. Attached is a screenshot of BTC chart H1. I know we don’t trade heroin timeframes but I just wanted to have your opinion on this screenshot.
You are asking me for my opinion on a one hour chart?
More from Michael Covel: Books · Podcast · Trend Following course
Learn the rules behind trend following, and the systems to apply them.
See the courses