FOREX WARRIOR – an underrated advisor
I am glad to welcome you, dear readers.
By tradition, today I want to share with you another test of the expert, which we reviewed in the Forex Advisors section. Initially, I had a bias towards the FOREX WARRIOR
Simply put, all the public and unspoken rules of money management pointed out to me that it was worth avoiding this expert.
However, after reading some user reviews that testing in the tester is very different from real trading, I personally wanted to do a crash test of the Expert Advisor in real combat conditions. Let us remind you that the essence of the expert is that it builds a grid from buy limit and sell limit orders, however, there is not one grid, but a basket of grids is formed. Further, if the basket of orders is not closed profitably, then averaging of losses begins. The preliminary test that I conducted in the strategy tester looks like this:
In order to test the expert to the closest possible trading conditions, a demo account was opened, the deposit of which was 10,000, which is similar to a typical cent account of $100. Since we often test the expert, we rent a vps server , which allowed the expert to be on the market around the clock. The expert's test was started from 07/15/2015 to 07/27/2015 on the euro/dollar currency pair on a five-minute chart. You can see the test result in the picture below:
Despite the fact that this is an ordinary martingale, the test results are really impressive. In eight working days, the expert managed to trade 28 percent of the profit, with the maximum drawdown reaching six percent.
If you looked at the preliminary test in the strategy tester, then you would have noticed that in the tester we made a profit of thirty percent in just six months, and in real time the same profit in only eight days! If we analyze the report, it turns out that the expert made 47 transactions in such a short period of time, and 61.7% of them were profitable. The profitability of the Expert Advisor is also indicated by the Profit Factor indicator, which was 2.67.
Personally, I often found that the result of the preliminary test and the test on the demo account were different. However, this is the first time I have come across the possibility that a real-time test would be so much more profitable than in a strategy tester, since, as my practice shows, everything usually happens the other way around.
The expert really deserves your attention and a more detailed test. In order for the expert to work correctly and with a small drawdown, I recommend using a cent account. You can select a broker for trading with advisors using the link http://time-forex.com/vsebrokery/brokery-sovetniki