Hi all, this forex system has a tick data backtest on the website that is very interesting. Let's try to analyze the performance.
Tick data backtest
The test shows a really high profitability around 98% through 5 years WOW. Also the drawdown and monthly profit look nice as well. Everything looks nice up to this point but there is one strange thing I see. When you look at the trade history, we can see after every loss there is a take profit of 55 pips. Sometimes the take profit is hit and then the loss comes immediately after. Maybe there is a reason for this based on the strategy type, who knows.
There is a live account set up as well that we can follow.
Live account
We can see that the system only trades about 2-3 times per month. With this lack of trading you would need a system with a high profitability higher than 95%, and this one appears to achieve this. This one trades the Eur/Usd on the 5 min. chart. The price is 399 euros through paypal. This is kinda high for a system that trades only a couple times a month. Also anything through paypal would be hard to get a refund.
I am really interested to follow the live performance of this over the next couple of months. Let's see just how "powerful and accurate" it really is.
Powerful and accurate EA
