SMART VERIGAP EA – steady reliable trading account growth – try EA for free

 

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Testing results (last updated 2016-10-29)

Chart: USDCHF Daily, Test duration: 2014-10-30 to 2016-10-29 (2 years), Spread: 5 PIPs, Modelling quality: NA (Not sure why but the modelling quality is not available for this testing run. Not sure why.), Trading platform: FXChoice

USD CHF Backtesting for 2 years on FXChoice
USDCHF Back testing

 

More testing below:

I back-tested this EA for total of two years (27-Oct-2014 to 26-Oct-2016) on my FXCM Live account on ALL CURRENCY PAIRS available in my account (total of 21 pairs). Following table shows the summary of results:

27-Oct-2014 to 26-Oct-2016  MaxOrders = 5  LotSize = 0.01 MaxSpread = 50 SMA = 20
Currency pair Profit Total trades Winners Modelling Quality
Totals=>  $      790.75 1654 1238 62.00%
EURUSD  $                  57.75 78 62 0.00%
USDJPY  $                200.56 86 67 64.29%
GBPUSD  $                116.40 80 60 64.29%
AUDUSD  $                  44.33 82 63 64.29%
GBPJPY  $              (177.45) 64 45 64.29%
USDCAD  $              (328.19) 80 53 64.29%
NZDUSD  $              (224.13) 86 64 64.29%
EURJPY  $                  19.10 79 62 64.29%
EURGBP  $              (650.69) 58 35 64.29%
EURAUD  $                186.57 75 57 64.29%
USDCHF  $                301.52 75 55 64.21%
EURCHF  $                (13.07) 86 65 61.97%
GBPCHF  $                316.23 68 51 61.97%
EURCAD  $                403.88 96 78 61.97%
AUDJPY  $                181.96 68 49 61.97%
NZDJPY  $                302.06 85 70 61.97%
AUDNZD  $                  75.65 71 49 62.12%
EURNZD  $                284.79 93 71 61.97%
CADJPY  $              (110.74) 85 67 54.40%
GBPNZD  $              (219.85) 83 60 54.40%
GBPAUD  $                  24.07 76 55 54.40%

Summary of testing run on FXCM platform for the period 25-Oct-2014 to 24-Oct-2016 is shown in the table below

25-Oct-2014 to 24-Oct-2016  MaxOrders = 5 LotSize = 0.01 MaxSpread = 50 SMA = 10
Currency pair Profit Total trades Winners Modelling Quality
Totals=>  $    925.14 1648 1239 61.88%
EURUSD  $                  55.62 78 62 0.00%
USDJPY  $                204.27 86 67 64.19%
GBPUSD  $                128.55 80 60 64.19%
AUDUSD  $                  44.33 82 63 64.19%
GBPJPY  $              (178.80) 64 45 64.19%
USDCAD  $              (327.78) 79 53 64.19%
NZDUSD  $              (224.12) 85 64 64.19%
EURJPY  $                  19.08 79 62 64.19%
EURGBP  $              (625.45) 58 36 64.19%
EURAUD  $                201.41 75 57 64.19%
USDCHF  $                303.28 74 55 64.11%
EURCHF  $                 (15.52) 86 65 61.86%
GBPCHF  $                326.15 68 51 61.86%
EURCAD  $                402.86 96 78 61.81%
AUDJPY  $                203.31 67 49 61.81%
NZDJPY  $                305.01 85 70 61.81%
AUDNZD  $                  79.08 70 49 62.02%
EURNZD  $                284.42 92 71 61.86%
CADJPY  $              (110.80) 85 67 54.26%
GBPNZD  $              (206.03) 83 60 54.26%
GBPAUD  $                  56.27 76 55 54.26%

 

 

Other testing runs are shown below:

Chart: USDJPY Daily, Test duration: 2014-10-23 to 2016-10-22 (2 years), Spread: 5 PIPs, Modelling quality: NA (Not sure why but the modelling quality is not available for this testing run. Not sure why.), Trading platform: FXChoice

USDJPY Test run
USDJPY test run

Chart: EURUSD Daily, Test duration: 2014-10-23 to 2016-10-22 (2 years), Spread: 5 PIPs, Modelling quality: NA (Not sure why but the modelling quality is not available for this testing run. Not sure why.), Trading platform: FXChoice

EURUSD Test run
EURUSD test run

Chart: GBPUSD Daily, Test duration: 2014-10-23 to 2016-10-22 (2 years), Spread: 5 PIPs, Modelling quality: NA (Not sure why but the modelling quality is not available for this testing run. Not sure why.), Trading platform: FXChoice

GBPUSD Test run
GBPUSD test run

Chart: USDCHF Daily, Test duration: 2014-10-23 to 2016-10-22 (2 years), Spread: 5 PIPs, Modelling quality: NA (Not sure why but the modelling quality is not available for this testing run. Not sure why.), Trading platform: FXChoice

USDCHF testing run
USDCHF testing run

Download the Demo Version

Download the demo version here

If you want to buy the version that works on the Live accounts, please contact me after creating a live account on FXChoice as my direct referral. If you do not wish to create account with FXChoice, please contact me on how to get the Live Version.

 

Recommended settings (read very carefully!)

  • Please don’t change any default settings that the EA comes with. At the most you can change the lot size (input parameter LotSize) to a higher value depending on your account balance and risk appetite. I strongly recommend that you use the lot size of 0.01 for balances below 1K. If you have a capital of 10K or more, you can go for higher lot size.
  • This EA is hard-coded to work only on the daily charts. You must run it on daily charts.
  • Recommended currency pairs: USD-CHF, GBP-USD, EUR-USD – it practically works on all of the major ones. See the testing results below to find out which pairs the EA works well on.
  • Run the EA simultaneously on all currency pairs (review the test results to see which pairs you want to run it on) at the same time to get maximum benefits.
  • Recommended trading platform – FXChoice
  • If you decide to run this EA on your live account, I strongly recommend minimum starting balance of 10K USD or equivalent. The EA has shown to have significant drawdown at times and with multiple currency pairs being run simultaneously, this poses close out situation threat on smaller amounts. This is by far the “high-risk-high-reward” kind of EA. So be careful.

 

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Risk warning: Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. More over, the leveraged nature of forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses.