ADVISOR HUGO - long and fruitless!
Greetings, dear visitors. Today I'd like to share the results of a test I conducted with a HUGO expert.
The expert advisor is based on a unique trend indicator and the Martingale capital management model. You can find more detailed information about the expert advisor in the Expert Advisors section, where a short article was dedicated to the HUGO expert advisor
To ensure the test is as objective as possible, our team uses a VPS server, so expert testing is conducted 24/7 without any intervention on our part. This allows us to closely approximate real-world working conditions.
As a reminder, the preliminary test of the expert advisor in the strategy tester yielded good results, so for greater reliability, it was decided to conduct a test under real trading conditions. You can see the result of the preliminary test in the strategy tester in the image below:
The expert advisor's testing began on June 30, 2015, and continued through July 25, 2015, on the EUR/USD currency pair on a five-minute time frame. Despite its long history, the expert advisor made very few trades, approximately two per week, and the martingale strategy was often triggered, recouping losses on the second attempt.
I found the expert's trading strategy itself very boring, as there wasn't much to observe. You can see the testing results in the image below:
As you can see from the testing results, the profit the expert was able to provide us was only 1 percent, with a drawdown of a whopping 3.5 percent, significantly higher than the profit. Looking at the trades, we had six of them over the long testing period, two of which were martingale trades that opened with a doubled lot and recouped the losses of the previous two.
That's why you might see such a low profit factor in the report. If you look at the report, you'll notice that the ratio of profitable to losing positions is 50/50, indicating that the expert advisor is on the brink of loss, and its trading strategy is clearly outdated and requires adjustment.
Frankly, this robot is on the edge and will likely only generate losses. Martingale help the expert maintain a small profit, but because the strategy is unprofitable, the expert repeatedly opens new, equally unprofitable orders after closing them.
It's a vicious circle, the only way out of which is to either increase the multiplier for the next order or try a different currency pair. And for fans of this miracle, I can immediately say that by increasing the multiplier, you increase the risk-to-reward ratio, which is already unfavorable.
Therefore, our team does not recommend taking the expert advisor seriously at this stage, as you still need to do a ton of work and testing on it. Thank you for your attention, and good luck!
