|Robot||Days||Weekly Trades||Win Rate||Profit Factor||Monthly Return||Risk Factor||Relative D/down||Monthly Pips||Safety Factor|
|Black Belt EA||450||10.76||39.3%||0.99||-0.04%||0.65||19.65%||72.42||-0.09|
|Fast Forex Millions||113||15.86||35.5%||0.96||-1.04%||0.57||20.47%||49.04||-0.65|
|Forex Cash Protector||85||0.07||60.0%||0.18||-2.89%||8.20||9.89%||-40.11||-0.41|
|Forex Grid Trader||297||25.62||66.2%||0.87||-6.26%||2.27||87.77%||-310.56||-2.82|
|Forex Growth Bot||767||11.50||38.7%||1.14||2.37%||0.55||22.24%||122.50||9.11|
|Forex Morning Trade||765||3.25||57.2%||0.76||-1.88%||1.75||47.21%||-46.73||-1.34|
|Forex Pips Bag||240||2.27||28.2%||0.73||-1.83%||0.54||21.83%||-79.65||-0.68|
|Forex Real Profit||706||6.95||62.6%||1.01||0.05%||1.65||11.99%||39.25||0.09|
|Forex Thor 2||408||2.87||30.5%||0.45||-4.78%||0.98||69.39%||-1.77||-0.75|
|Forex Trend Hunter||613||3.80||36.4%||1.00||0.73%||0.57||42.93%||152.14||0.22|
|FX Speed Trader||576||27.44||40.5%||0.45||-3.95%||1.51||74.91%||-30.94||-2.61|
|Omega Trend EA||7||6.00||83.3%||91.52||26.67%||0.05||0.07%||889.04||0.00|
|Orange Forex Robot||514||73.27||89.8%||0.77||-4.89%||11.32||83.99%||-302.79||-4.95|
|Wall Street Forex||780||14.02||69.8%||0.99||-0.15%||2.35||25.80%||0.25||-0.49|
The Forex Expert Advisors in forward test at MellyForex are all set up to trade on their own MetaTrader MT4 $5,000 demo Forex trading account and left to trade 24/5, generally taking their trades using the default or recommended settings for each suggested currency symbol.
Some Expert Advisors will be operating on multiple currency symbols, whereas others will only be operating on one symbol, and you'll need to link to my review for each Expert Advisor to find out exactly which symbols are running and also to learn about the settings are being used, including the details of any adjustments to the standard settings that might have been made.
The leaderboard above updates its results every few minutes to show the best MetaTrader MT4 Forex Expert Advisor in test. You can click any of the title headers to order the results how you prefer.
This is the sum of all the wins divided by the sum of all the losses. The higher the Profit Factor is, the better. A Profit Factor less than 1 means that the robot is loss-making! Please note that the Profit Factor is based upon closed trades, and won't reflect the effect of any open trades.
This is the projected average linear monthly percentage return on initial investment. It does not allow for any compounding effects and is based upon the account equity which includes for the effect of any open trades.
Also known as risk-reward ratio, the Risk Factor is the monetary amount of the average losing trade divided by the amount of the average winning trade. Robots with high risk-reward ratios might not experience many losing trades but, when losses occur, they often wipe out weeks or months of gains.
This statistic represents the percentage amount of the account that was lost during the worst lean spell. The lower the drawdown is, the better. Note that drawdown calculations are based on closed trades and do not reflect the possible current drawdown of any open trades.
The average number of pips won or lost in month which updates constantly to include any open trades which won't always be clear in a conventional MetaTrader report. Robots can win in monetary terms, but may be loss making in terms of pips. These robots often use a form of gambling such as Martingale to recover losses.
The Safety Factor is a unique algorithm which weights results to compensate for the imbalances of robots which haven't been in test for very long or which haven't made many trades. A negative Safety Factor means that the EA is loss making. Safety Factors only appear once EAs have been in test for two or more weeks.