Why I do not believe in BackTest result ? There are many EA users believe in Backtesting result. Also many new users replied me that If you do not have a good result in the past so how do you prove EA can be profitable in the future? This is a very funny question and I would like you tell all of you that , Backtesting is only for a programmer to test any error. Not to tell you about the result in the future . Here I will show the proof. Bug of MT4 Can not test multi-currency strategy Can not test Multi-TimeFrame For example , if the strategy is about when EURUSD hit some level and USDCHF should open new order . You are not allow to do , so in most of the developer there would like to use IsTesting() function which means users can normally open orders in tester , but not related to the original strategy . So How can the backtest result be accurate ? Slippage Also, some of user refuted me that there are some external software allow you to add slippage setting to simulate the slippage . OK let me tell you a fact , even the broker they also do not know what is your slippage before you open an new order . Because this is a very normal market reaction. So no one know what will the slippage be before any order execution. Because market keep changing each second . What is slippage ? let me explain a bit . Slippage is a normal market phenomenon. Every market also exist Bid and Ask price with Market Depth. But MT4 brokers only allow to quote BID and ASK without Market Depth. 1.10 (10k ) 1.11 (20k) 1.12 (30K) 1.13 (40k) If someone is using ECN account ( I do not commend to use Market Maker and STP , most of them are scammer brokers,In 2018 also many Faked ECN broker appeared ,scammer broker would like to make your slippage and spread bigger to make you lose money and they win .but here is talking about normal slippage example ) . In Mt4 you can buy or sell with lotSize. In MT4 quoting like this: 1.09 /1.11 . So user buy 100K volume ,Finally Order Open Price will be 1.12 .Because ECN brokers only know that you want to buy 100K volume and no matter the slippage or spread how big . systems will follow your instruction and execute the order. So How can BackTesting result can prove the past and the future ? Trading condition Trading condition between Real Demo and Tester account . Here is a very horrible example and fact . I have tried to compare Tester trading condition and Real account trading condition when I tried to add new code to solve one of my user of 4 digits and 5 digits issue. (I don’t know suggest to use this kind of broker with 4 digits ). In the photo you can see : There are 6 conditions are different from tester and real . MODE_TICKSIZE , MODE_TICKVALUE ,MODE_STEPLEVEL,MODE_DEGITS,MODE_POINT . Please remember , those are the main factors to lead your account safe or die . (If you do not understand what those code means , please check in google) And Please be reminded that , Brokers can change those condition only to your trading account without any notification! So , how can be the tester result same as your trading account result ? with you have 100% tick data ! it’s useless . Spread In MT4 tester , users can only set a Fixed Spread parameter to test the strategy , But in real Market, Spread is dynamic . and In Holiday spread , will be a huge Spread . This factor you can not test in tester also . Please be smart .

In real life, many trading strategies based on things in the market don't work (or no longer work). This could be because they were taken away by arbitrage. At least as likely, though, it was a false discovery from the beginning. Recently I have been asked the most question: Why did my signal get an excellent record in the past year during the war in 2021-2022, but in the backtesting, all of my products should have been completely lost? The answer is simple: Do you know when you will wake up precisely every day next year? The answer is always: No one could and no one can . I also pointed out a few ways the backtesting tool was unreliable in 2017( Why I don't believe in Backtesting 2017 wrote ). Let's stay on the same topic and talk more about our experiences. Before that, let's talk about why most traders had been educated to believe in backtesting results. What is the best broker to run EA and manual trades? I have got many questions about backtesting recently: How traders have been educated to believe in backtesting results? Most new traders are attracted by a beautiful profit curve result from backtesting at the beginning, even I did so from a youtube video from 500USD to 130000USD. That's why I have been working for the past eight years. However, I lost much in the first year because of those beautiful profit curve backtesting results. When I kept learning to code, I understood more about the structure of the whole eco-systems, and I stopped tracing a beautiful backtest result to promote my products. At the beginning of this article, no one knew what would happen. Although I am one of the sellers on MQL, I understand how those sellers intend to promote their products. The only way to promote their product is by a backtesting result with a low-drawdown and high-profit return curve. That usually would be a nightmare for their clients. Face the fact: No one knows if the product works or not in the future. Either backtesting or forward testing. Do not be mis-edutcated. All is about trading structure: Even if two accounts run simultaneously in the same trading environment (same funds, same server, same time start, same computer) running for a long time will have different results. I tried this five years ago. So how can we judge that we can have the same results in the future based on a single backtest record? Furthermore, if all users simultaneously have orders and prices in the same direction, will this be a good or bad thing? It must be a big fish. I'm sure a good author could have insight into the answer to this question and deal with this significant issue. The following will discuss why the backtest results cannot be trusted. I believe that many developers will not pay attention to the details. If all users simultaneously have orders and prices in the same direction, will this be a good or bad thing? What factors might affect the different results from backtesting and live? The answer is Cycle . A video to explain a little bit about cycle and drawdown. (start from 07:12 to 09:00 ) Market depth: As I mentioned in my 2020 article. Market depth is always an inseparable part of the transaction, and the start and end of each transaction must involve > Sequence . For example, if a person has only one mouth, he cannot eat ten apples at once. No matter how fast he eats, he can only take one bite at a time. This is the meaning of market depth. When many buyers or sellers buy and sell simultaneously, their final transaction prices will not be the same. This situation is named Slippage . Some factors that cannot be easily observed, such as network delays, broker's server disconnection, etc., are also severe problems, resulting in different rhythms of the entire cycle. Some traders think the delay problem can be solved using a VPS closer to the broker's server. This is a big miseducation because the broker's internal server's quality is a critical factor affecting order execution. It means that you say a word in front of me, but my brain may not react immediately, so my distance from you is not very important. The situation is the same as the distance between the VPS and the dealer. This is called Latency . The above examples are only part of it. The full article will be posted in the Inrexea Pass member area. Conclusion: The above factors: Sequence, Slippage, and Latency, will exist in the trading environment of Live trading, then even the real account cannot be synchronized, so the backtest record is even more unrealistic.

We will be moving to my website next month. And I hope to see you there. On the other hand, gold prices have recently relied on the news of the war , and Putin gave up on levelling up the fight, making the price of gold break down to a lower level. Let's try to analyze it. Chart H1: If there is no more breaking news in the future, the price should keep a downtrend pattern, and it seems to be making the same pattern as the last one, which I will show on the D1 chart. I want to sell when the price reaches the 1655-1660 area, and the target will be 1620 or lower. Which is the best prop firm? Chart D1: The best broker I have been using for 8 years? It seems to be following the same pattern as the last one. We will be observing whether it is going to Make a double bottom at 1620 something area. Recently, I built a telegram channel for global breaking news, which might help our trading. https://t.me/BreakingNewsFX Join our live update daily analysis for your trading.

Hello users, I'd want to thank everyone who has consistently supported my analysis here. We have some changes to our service : About Inrexea Memberships Pass: Inrexea Memberships Pass can use all database features and market analysis articles. In the future, we intend to provide a more functional service to all our supporters. etc., as well as a trading school and a coding course. All services are under one membership. In Oct, we will receive payment via Patreon and will update here when Inrexea Website 2.0 is ready. Patreon : In November 2022 , I intend to launch the InrexEA Website 2.0 subscription to continue building a complete service and attract a more significant number of organic clients. Furthermore, the Tier $16/month Patreon will be removed on October 1st; all other levels will stay constant. New Patreon subscribers will be limited to the £100 tier. (((Patreon + Discord)) When the InrexEA Website 2.0 is ready, we will move to our website instead of Patreon. What happens if you sign up for a yearly membership on Patreon with a 16-USD tier? No, we will not offer a refund service. Hopefully, our analysis has helped you make a profit in trading to cover your yearly costs. Inrex EA Products : On the other hand, due to the current Blackswan issue, most of the popular signals on MQL are blowing up these days, proving what I previously stated: quantity controls quality. Our records show that the database function has blocked many invalid accesses in the past year. We aim to implement extra copyright protection and ban license sharing for a better experience with all database version products. We may charge for database service in the future; the beta version will be enhanced shortly on the MQL market. TripleH and Yolo will contribute to the database to maintain high-quality performance in NOV. Can I still use the products if I do not pay for the database service? As previously said, the database function protects all items and maintains their excellent quality. The version without the database function will be removed from your trade if you have not paid for the database service. I hope all of you can join our Inrexea Pass, you might get all our excellent services. How much will it be for the database, and what if I have a few database version products? You can use all database features and market analysis articles once you purchase an Inrexea subscription. In the future, we intend to provide more active service to all our supporters. etc., as well as a trading school and a coding course. All-in-one membership. What is Inrexea Pass and how to join? Please check here >>> Inrexea Pass . Please join our Telegram channel for further information. https://t.me/Inrexea or email us: support@inrexea.com Best regards Inrexea Team

25OCT2022 >>> Inrexea Pass members may access all articles via PC or temporary apps. Our apps will be launching at the end of November. I need time to get approved by both the IOS and Google stores. I promise to give daily articles and analyses after the whole ecosystem has been done.

Recently, the internet retail trading community has been torn apart by arguments about Forex prop businesses. One trader commented, "The prospect for massive amounts of trading money with such a low entrance barrier does seem too good to be true." It's no secret that unscrupulous individuals and impromptu prop shops are taking advantage of the rapid expansion of the prop industry. Traders today have more access to capital, making it more crucial than ever to understand the inner workings of these companies. Let's find out more about these concepts and the business models of prop businesses. There were just a handful of online prop firms when we first entered th e market, and today only a handful remain. Some fifty new online forex prop businesses have cropped up since then, and that number is expected to rise rapidly. There seems to be a new business popping up every week somewhere in the world. Although it's excellent that retail traders have professional advancement opportunities, the nature of the company has shifted rapidly. Working with a prop business in the past was pretty straightforward. Profitable traders have generous compensation packages, with earnings shared between them and their employers. These new prop firms operate more like pyramid schemes than anything else. Not only is this reckless for traders, but it's also likely that authorities will start paying more attention to it soon. Let's learn everything we can about this prop company. Lux Trading Firm employs a funding approach that has been employed by prop businesses for decades, setting it apart from every other forex prop firm in the industry. Our revenue model is straightforward and simple to comprehend. This fundamental framework is utilised by every real estate firm around the globe. It's effective, and it's simple to implement. To put it bluntly, it lacks the glitz of the fast funding hoax. If you wish to trade with a prop business, you need learn how it makes money. There's a chance they're cashing in on successful traders if they're taking a cut of profits in the range of 50 percent. However, many of these startup companies give their traders a full cut of the earnings. You probably know that the majority of forex prop firms are nothing more than gambling operations. They aren't interested in working with profitable traders or providing assistance to such traders. All of a trader's gains can now be distributed immediately. It's obvious that unsuccessful traders will pay you if you're competent at trading (which are designed to maximise failure rates). To this day, only Lux Trading Firm provides traders with real money accounts and the education they need to earn real, consistent money in a safe manner.