No the Sharpe for those stats would be much higher than 1.0. Is the Myfxbook data from real trading or another back test?
If there is no forward testing or live trading and this is all back test, then the high metrics would indicate curve fitting (or a mistake in the algo, using inputs that were only known after the fact) The high win rate over 200 trades per year is too good to be true, would make the OP very rich just starting with $5,000.. don't need outside money..
I have a 10 years Forward test. 1 Year Live trading. I know it is too good to be true, but it is what it is. I have also compared the 2024LIVE trades with 2024BACKTEST trades. Everything is exactly the same.
If he is blindly just testing all permutations of all indicators, then that is curve fitting. He said he has been doing this for over a decade. To me this indicates he is not just plug and chug of garbage data in, garbage out results. That would take a week to crunch the numbers. To me, this indicates he has some sort of theory of how the market works and has developed a model to reflect that and has been refining it over the years.
How many years it will take for me with 10K initial deposit to be rich? DO you have any idea? At least 5. So what can i do to make it faster? Look for bigger investors
Have you considered Darwinex and Darwinex zero? They allocate capital to you based on their analysis of your trading metrics, and you get 15% of the profits.
If you compound profits should not take that long. Start with $10,000 and use a 1/4 Kelly bet fraction..
Yes i have consider Darwinex Zero. In fact i have an account there for a small ammount of money. But this way it will still take few years