ADVISER HUGO - for a long time and to no avail!
Greetings dear visitors. Today I decided to share the results of a test that was conducted with a HUGO expert.
The Expert Advisor is created on the basis of a unique trend indicator, as well as a capital management model known to everyone as the Martingale. You can read more detailed information on the Expert Advisor in the Expert Advisors section, where a short article was dedicated to the HUGO Expert Advisor
In order to make the test as objective as possible, our team uses a VPS server, so testing of the expert is carried out around the clock without any intervention on our part. This allows you to get as close as possible to real working conditions.
Let me remind you that the preliminary test of the Expert Advisor in the strategy tester gave a good result, so for greater reliability, it was decided to test it in real trading conditions. You can see the result of the preliminary test in the strategy tester in the picture below:
The expert testing began on June 30, 2015 and was carried out until July 25, 2015 on the euro/dollar currency pair on a five-minute time frame. Despite the fact that the expert worked for so long, he made very few transactions, about 2 per week, and very often the martingale was triggered, which closed the loss on the second attempt.
The Expert Advisor's trading strategy itself seemed very boring to me, since there was nothing special to observe. You can see the test result in the picture below:
As you can see from the testing results, the profit that the expert was able to provide us was only 1 percent, and the drawdown was as much as 3.5 percent, which is significantly higher than the profit. If we look at the transactions, then over such a long testing period we had as many as six of them, and of the six, two were like martingales, which opened with a double lot and closed the losses of the previous two.
Therefore, in the report you can see such a low indicator as a profit factor. If you look at the report, you may notice that the ratio of profitable and unprofitable positions is 50 to 50, which tells us that the expert is on the verge of losing money, and his trading strategy is clearly outdated and requires adjustments.
To be honest, this robot is on the brink, and most likely will only bring losses. Perhaps the martingale will help the expert stay in a slight positive position, however, due to the fact that the strategy is unprofitable, the expert opens a new one of the same unprofitable order over and over again after blocking a loss-making order.
It turns out to be a vicious circle, the way out of which can be either a clear increase in the multiplication coefficient of the next order, or an attempt to select another currency pair. Moreover, I can tell fans of this miracle right away that by increasing the multiplication factor, you increase the risk-to-profit ratio, which is not in your favor in advance.
Therefore, our team does not recommend taking the EA seriously at this stage, since you still need to do a lot of work and tests on it. Thanks for your attention, good luck!