Blog Archive

FxPowerCube and Real Profit EA - Expert Advisors in Forward Test

I've recently placed a couple of EAs into forward test while I carry out some strategy tests and analyse the results for a review.

Forex Real Profit EA has been around for a little while now and has already started to forge a good reputation for itself. It trades on seven different symbols for just one hour each day at around the time that New York is closing, and looks to scalp a few pips at a time.

Normally, I'm not a fan of this type of robot, but this EA certainly seems to work and I wanted to see if it's possible to replicate this performance.

Because of its trading nature, I've set the Forex Real Profit EA up on a $5k demo FX Central Clearing account. This is an ECN/STP account and the demo feed is identical to the FXCC live feed with the added benefit that demo accounts have the option of either treating the commission separately or of adding the commission to the spread which, in turn, has the effect of widening the spread and possibly affecting performance. I've therefore chosen to handle the commission separately in order to keep the spread at its raw level to achieve the most meaningful and accurate results when testing this EA.

Because it's trading on seven symbols, Forex Real Profit has been set up to risk no more than 3.5% of the account balance on any single trade and, because of the general lack of market liquidity around the time of day that it trades, I'm strictly controlling the maximum allowed spread and not allowing any slippage.

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Forex Growth Bot - Expert Advisor Review

When I decided to write my review about Forex Growth Bot, I had to think long and hard about what to say in the review.

The fact is that the EA has been around for a while now, and there's a lot about it that's already been written.

I didn't just want to simply repeat somebody else's words, therefore, and wanted to come up with something unique for this review.

Fortunately, while I was in the process of carrying out the various tests for my review, I learned something about Forex Growth Bot totally by accident and, hopefully, my analysis of the EA fulfills that "unique criteria", but you'll need to read on to find out more....

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Risk Simulation and The Monte Carlo Method - Forex Article

Monte CarloThere do not seem to have been any new EAs released recently of sufficient interest to capture my attention, so I thought I'd write an article about how to use either backtest or forward test results to gain further information about how good or bad a trading system actually is.

I guess this article could be viewed as a follow up to my previous article asking "Why do all Expert Advisors Fail?". In that article I suggested that some or many EAs didn't actually fail at all, but instead were discarded or written off by their users because those users had a completely different level of expectation to what the system would be likely to deliver in reality.

Let's face it, wouldn't it be fantastic if you were to buy an Expert Advisor, deposit $10k into an account, and the EA never had a losing trade? Inside of a year, your account balance might be up to $20k, or $100k or even more.

Sadly though, life just isn't like that, and stories like that very rarely actually happen in reality.

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