Recruitment of participants Boring Pips MT5

Boring Pips MT5
V3.31

Have you ever wondered why most expert advisors are not effective in live trading, despite their perfect backtest performance?

The most likely answer is Over-fitting. Many EAs are created to ‘learn’ and adapt perfectly to the available historical data, but they fail to predict the future due to a lack of generalizability in the constructed model.

Some developers simply don't know about the existence of over-fitting, or they know but don't have a way to prevent it. Others exploit it as a tool to beautify their backtest results, they add dozens of input parameters without considering statistical significance, making the trading strategy excessively tailored to historical data and attempting to convince others that their EA can achieve similar performance in the future.

If you are interested in this fascinating subject and want to get a deeper insight into over-fitting, please refer to my articles here:

Avoiding Over-fitting in Trading Strategy (Part 1): Identifying the Signs and Causes


Avoiding Over-fitting in Trading Strategy (Part 2): A Guide to Building Optimization Processes

There are several ways to avoid losing money on an expert advisor whose only ‘edge’ is reading past data, and the easiest way is NEVER TO USE AN EXPERT ADVISOR WITHOUT LIVE TRADING RESULTS FOR AT LEAST 5 MONTHS OR 300 TRACKED TRADES, REGARDLESS OF WHETHER IT IS FREE OR HAS GOOD BACKTEST RESULTS. Monitoring the performance of live trades is the simplest way to observe the performance of an EA with data it has never seen before.



Recommended installation

• Install Boring Pips on one of the AUDCAD/AUDNZD/NZDCAD chart, with a time-frame of M5.
• Trading symbols: select the trading currency pair (optimized for AUDCAD/AUDNZD/NZDCAD).
• Risk mode: select an appropriate risk mode (Boring, Low risk, Medium risk or High risk).
• Base balance: Choose the amount of Balance to allocate for trading.
• Personalization settings: please refer to the Detailed instructions.
• Risk Management settings: please refer to the Detailed instructions.

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