CLEOPATRA – slowly but surely!
Greetings dear visitors. Today I would like to discuss the expert Cleopatra test, which we had high hopes for. Let me remind you that the expert is a new product this year and is based on two principles of money management: martingale and pyramid.
Both modes can be switched, but we decided to test in martingale mode. The Expert Advisor works using an indicator trading strategy, namely a custom indicator that is installed with the Expert Advisor.
Previously, I did a very detailed and extensive review of the expert in the “Forex Advisors” section, so you can find more detailed information on the settings and their optimization in the corresponding article http://time-forex.com/sovetniki/sov-kleopatra .
The expert was first tested in the strategy tester, where, as it turned out, the expert performed well. By the way, you can see the result of the preliminary test in the strategy tester in the picture below:
Based on good testing results, as well as many flattering reviews on various Forex forums, it was decided to test the Expert Advisor in real trading conditions. According to the author, for the expert to work normally, a deposit of $100 is required on a cent account, so we opened a demo account of $10,000, which is equivalent to the requirements.
Since we are constantly selecting various new products, our team rents a VPS server, on which this robot itself was installed. Thus, we ensured that the expert worked around the clock without any outside interference. The start of the experiment is dated 07/15/2015, and its end is 07/31/2015, so the expert spent a full two working weeks in the market. You can see the test result in the picture below:
If you compare the preliminary report with the current one, you will notice that in real conditions the expert behaves much better than in the strategy tester. To begin with, I would like to highlight the profit, which in two weeks of work amounted to 3 percent of the deposit, and the drawdown did not even reach half a percent, and this despite the fact that we had a martingale whose initial lot was 0.09. Another important indicator is the large number of orders, of which the advisor closed as many as 117 orders in two weeks.
If we look at the number of profitable positions, it turns out that there are only 52 percent of them, which tells us about the weakness of the strategy that is embedded in the expert’s algorithm. The profit is also not very high and has a value of 2.29, like most simple averagers.
In conclusion, I can say that an expert is not the Grail that everyone is so diligently looking for. However, despite the possibly weak input system, you have the opportunity to configure the Expert Advisor the way you want (fortunately there are a lot of settings). The Expert Advisor is more suitable for conservative traders since its monthly profit with default settings will not exceed 10-15 percent per month. Thank you for your attention and happy trading!