shanmugapradeep
Member
Hello,
There are several EAs in the market claiming profitable results by showing backtest data. I have tried numerous free and paid EAs with amazing backtest results. With these results, the EAs promise amazing returns and very low drawdowns; even with several years of backtest data, they show positive results.
However, when I applied the same EAs to a real account with the same settings, the results were drastically different. The account was blown in just a day, week, or at most, a month. Are backtest data unreliable or illegitimate?
There are several EAs in the market claiming profitable results by showing backtest data. I have tried numerous free and paid EAs with amazing backtest results. With these results, the EAs promise amazing returns and very low drawdowns; even with several years of backtest data, they show positive results.
However, when I applied the same EAs to a real account with the same settings, the results were drastically different. The account was blown in just a day, week, or at most, a month. Are backtest data unreliable or illegitimate?
