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FAP Turbo Guide Team
Jun 1, 2009, 11:30:21 AM6/1/09
to fapturboguid...@googlegroups.com
There are many EA:s coming out on the market at the moment. Some of them can work for a while, especially those which uses martingale strategy or huge Stop losses. Some is simply just rebranded versions of free EA:s or other commercial EA:s with moderate performance. In the long run however, most of them does not work. The only two EA:s that we believe will consistently produce profits are FAP Turbo and Megadoid (even though Megadroid has been struggling a bit lately).
Out of the new EA:s coming to the market, there is especially one that has caught our attention; Forex Derivative 2.0. It runs on four pairs: EURUSD, GBPUSD, USDCAD and AUDUSD and should be used on the M1 timeframe.
This EA was released a few days ago and so far there is not a lot of independent forward testing data available. It demonstrates however very good performance in backtesting. The following charts show our backtest results from 2009.01.01 to 2009.05.01.
EURUSD
GBPUSD
USDCAD
AUDUSD
During the first 5 months of 2009 this EA had a (backtesting) growth rate of about 250%-400% per currency pair. Running all four pairs this would most likely have meant a growth trade of 1000-2000%. The draw downs where 10-20% for each of the pairs. This is very good results. One should not fully trust backtesting, but usually, if an EA does not work in backtest, it usually does not work in forward test either.
As shown in the charts above, the results are pretty impressive. We have therefore decided to take this EA to the next level in the evaluation process. We have set up a demo account to forward test this EA and will run it on all four recommended pairs. You will find the results in the right hand column on this blog.
Whats good with this EA is that it is not using a scalping strategy. Using another strategy than FAP Turbo means that it will help to diversify the account and therefore reduce the overall draw down, given that the EA is profitable. The trading strategy is of course not fully reviled but according to the manual it has a portfolio of several different strategies. The EA analyzes the market to decide whether the market is trending, moving sideways, being support and resistance driven or very volatile due to non technical market conditions. After deciding the state of the market it applies one of its strategies accordingly. The strategy parameters are not fixed, but calculated based on market parameters. It has a hedging feature that can be used on non US accounts that seem to improve performance.
This EA has very few settings. A disadvantage might be that its not possible to manually set the risk level. Its however possible to set fixed lot sizes manually for those who wish to reduce the risk. The money management system is fairly advanced compared to other EA:s on the market. Forex Derivative calculates lot sizes based on not only the equity available but also based on past performance of the strategies in its strategy portfolio.
The EA is priced at $97 which is relatively cheap compared to other products and it comes with a 8 week 100% money back guarantee. Since it’s a Clickbank product, Clickbank guarantees the refund and there is no need to go to the developer to ask for a refund if this EA does not perform.
As mentioned earlier, we will run this EA on a demo account, starting from today to see how it goes. Please share your experiences of this EA in the comments section of this post. Good luck!
FAP Turbo Guide Team
--
Upplagd av FAP Turbo Guide Team på FAP Turbo Guide | Thorough Analysis - Transparent Performance - Real Profits | den 6/01/2009 08:18:00 fm
Out of the new EA:s coming to the market, there is especially one that has caught our attention; Forex Derivative 2.0. It runs on four pairs: EURUSD, GBPUSD, USDCAD and AUDUSD and should be used on the M1 timeframe.
This EA was released a few days ago and so far there is not a lot of independent forward testing data available. It demonstrates however very good performance in backtesting. The following charts show our backtest results from 2009.01.01 to 2009.05.01.
EURUSD
GBPUSD
USDCAD
AUDUSD
During the first 5 months of 2009 this EA had a (backtesting) growth rate of about 250%-400% per currency pair. Running all four pairs this would most likely have meant a growth trade of 1000-2000%. The draw downs where 10-20% for each of the pairs. This is very good results. One should not fully trust backtesting, but usually, if an EA does not work in backtest, it usually does not work in forward test either.
As shown in the charts above, the results are pretty impressive. We have therefore decided to take this EA to the next level in the evaluation process. We have set up a demo account to forward test this EA and will run it on all four recommended pairs. You will find the results in the right hand column on this blog.
Whats good with this EA is that it is not using a scalping strategy. Using another strategy than FAP Turbo means that it will help to diversify the account and therefore reduce the overall draw down, given that the EA is profitable. The trading strategy is of course not fully reviled but according to the manual it has a portfolio of several different strategies. The EA analyzes the market to decide whether the market is trending, moving sideways, being support and resistance driven or very volatile due to non technical market conditions. After deciding the state of the market it applies one of its strategies accordingly. The strategy parameters are not fixed, but calculated based on market parameters. It has a hedging feature that can be used on non US accounts that seem to improve performance.
This EA has very few settings. A disadvantage might be that its not possible to manually set the risk level. Its however possible to set fixed lot sizes manually for those who wish to reduce the risk. The money management system is fairly advanced compared to other EA:s on the market. Forex Derivative calculates lot sizes based on not only the equity available but also based on past performance of the strategies in its strategy portfolio.
The EA is priced at $97 which is relatively cheap compared to other products and it comes with a 8 week 100% money back guarantee. Since it’s a Clickbank product, Clickbank guarantees the refund and there is no need to go to the developer to ask for a refund if this EA does not perform.
As mentioned earlier, we will run this EA on a demo account, starting from today to see how it goes. Please share your experiences of this EA in the comments section of this post. Good luck!
FAP Turbo Guide Team
--
Upplagd av FAP Turbo Guide Team på FAP Turbo Guide | Thorough Analysis - Transparent Performance - Real Profits | den 6/01/2009 08:18:00 fm
FAP Turbo Guide Team
Jun 1, 2009, 11:41:18 AM6/1/09
to fapturboguid...@googlegroups.com
As mentioned earlier, we will run this EA on a demo account, starting from today to see how it goes. Please share your experiences of this EA in the comments section of this post. Good luck!
FAP Turbo Guide Team
FAP Turbo Guide Team
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