The CabEx Ea is a cable trader which caught my attention because not many EA's trade exclusively on the Gbp/Usd pair. I believe the reason for this is a lot of "noise" and price spikes on the pair. There is not as much liquidity with this pair when compared to the Eur/Usd, so the price tends to behave more erratically. This makes development of a good strategy more challenging.
The CabEX trades on the hourly time frame and trades "near" moving averages. It does trade trends and has a reversal element to it, which is good for this pair.
CabEX tradex every signal. The following actions are taken by the EA under different circumstances during a signal trigger
No Open trades : long/short signal > New Trade Entry Executed
Long Open : short signal > Long Closed and New Short Trade Entry Executed
Long Open : Long signal > Long Signal Ignored
Short Open : Long signal > Short Closed and New Long Trade Entry Executed
Short Open : Short signal > Short Signal Ignored
Existing Trade Closed at Trailing SL/SL/TP during current M15 bar: long/short signal > New Trade Entry Executed
Below is a "tick data" BT provided by the vendor:
You will note the profitability is only about 47% hit rate. With this you will only win a trade a little less than half. Thankfully the Risk-to-Reward ratio is around 1:2. The profit factor is pretty high as well around 1.60.
You get a license for 2 real and 2 demo accounts for $350. You have the option to renew your license after a year for $35, to stay up-to-date with newer versions of the EA.
There is also a strategy analysis page set up by the vendor, which he does for all his products.
There forward test is shown below.
CabEX WEBSITE
