Expert Fibo Martin. In history it’s the Grail, but in tests you can’t beat counting with a stick!

Greetings dear users of the site. Today we will talk about the test of the Fibo Martin . Previously, I did a detailed review of it in the advisors section, where a history test was carried out, and options for its optimization were also described.

During the test in the strategy tester, I saw its high performance, despite the fact that it is a rather risky martingale.

I was also pleasantly surprised by the good reviews on various forums, as well as his healthy criticism. After thinking about it, it was decided that a test would be carried out on a demo account.

For this important event, a demo account was opened, which in turn simulated 100 dollars on a cents account or 10,000 on a classic one. Since our team is constantly testing various experts, we rented a server to test robots in real time. We decided to conduct the expert test with default settings on the euro/dollar currency pair on a five-minute chart. We started our test on June 22, 2015.

Initially, the instrument showed good dynamics. The principle of operation was similar to a typical reversal, namely, when closing a position with a stop order, it reversed its entry with a double lot. However, there was not just a revolution, but pending orders were used, which are built according to fibo levels. Literally from June 22 to June 24 there was a decent increase of two and a half percent, which you can see in the picture below:

 However, literally from June 24, 2015, strange things began to happen to the expert. At first he opened a couple of times in a row with the same lot, and then he began to greatly increase the lot, clearly more than doubling. Such an obvious farce on the part of the robot could not go unpunished for the account, and literally a couple of days later the result was already like this:

 In just four days, the advisor lost almost 65 percent of the deposit. To be honest, not every beginner, who has no experience and is completely green, will be able to destroy the account so quickly. See the picture below for a more detailed test:

When trading, the drawdown on the account reached 67 percent, and this despite the fact that the percentage of profitable transactions barely reached 16 percent. Perhaps I got carried away with the test with the default settings, but on the other hand, where is the guarantee that after optimization you will have an account like this one that will disappear into oblivion in three days? From my point of view, the expert brought only disappointment and wasted time, although in tests in the strategy tester it showed good results. If you evaluate the Fibo Martin expert on a five-point scale, it doesn’t even qualify as a two, so I don’t recommend wasting your time on it. Of course, I would like to surprise you only with pleasant tests and reviews, but timely truth is better than sweet lies. Thanks for your attention, good luck!