this expert advisor is sold for 500
and it only works for the euro usd pair
according to the guy who made it the
success rate is 96.17 percent if the
recommended settings are used that's a
very high success rate and this expert
advisor has got a very good rating on
the mql5 forum
well let's give it a try first and see
the results
[Music]
hi traders welcome back to our channel
a few weeks back i received this expert
advisor from one of the subscribers
let's call him jonas
he bought it for 480 from a public
trading forum so far everything looks
normal but i was surprised when i
checked the marketplace where the expert
advisor is sold well according to the
back testing process done by the seller
this expert advisor will work 96.17
percent of the time well that seems
quite tempting right
as this expert advisor is available in a
public marketplace i tried to read some
of the reviews that people left in the
forum
well the majority of the users are
satisfied
jonas has purchased the expert advisor
and has made a 23.02
profit with his 320 trading account in
just two weeks that sounds amazing hmm
let's back test the expert advisor
ourselves and see how successful it is
the first thing i enjoy is going through
the expert advisor rules unfortunately
i've received the expert advisor in the
ex4 format which means that i can't
easily see the codes and review the
strategy so what to do in this situation
well we can ask for the indicator file
that comes with the ea unfortunately
there wasn't any all we know is that
it's a trend following expert advisor
that doesn't rely on any martingale or
hedging strategy
the seller recommends using the
indicator exclusively on the euro usd
pair and preferably on the one hour time
frame
this indicator relies on a moving
average indicator together with price
action rules we should have at least two
hundred dollars in our balance and it's
recommended to have a maximum risk of
two percent in all our trades
up till now nothing fishy except the
high success rate of plus 96.17 percent
keep watching to see whether we're
dealing with a no loss expert advisor or
not
with that being said let's begin back
testing
first we need to import the expert
advisor to the metatrader platform
to do that you just need to save the ex4
file under the property folder
once done you can find it in this drop
down menu just select it and let's
adjust the other settings
in one of the recent videos where we
back tested the so-called always win
expert advisor some of the viewers asked
us to work on a long time interval to
properly back test the ea and to get
enough data
well let's begin with a five years
interval this time
we'll stick to the recommendations of
the ea sellers and select the euro usd
pair
the time frame we're going to begin with
is one hour then switch to a higher one
usually when you're dealing with an
expert advisor that follows a price
action strategy it's recommended to
stick to high time frames
before we hit start let's adjust the
budget and the settings
when we hit on expert properties we'll
first use the one thousand dollar
initial balance
click here to see the other settings
this expert advisor is quite flexible as
we get to play around with different
settings such as the risk ratio take
profit and stop loss plus the maximum
number of trades we'll use the default
settings provided together with the
expert advisor we just need to hit on
load and select the settings file which
is usually in sct format
before we run the back testing process
let's adjust the volume size
i'm going to reduce it to 2 micro lots
this time
cool let's quickly check everything
again then hit on start while waiting
don't forget to subscribe to the channel
if this is your first time here if
you're looking for a way to build your
expert advisor i recommend you take this
course from udemy it will help you build
an expert advisor from scratch so you
can easily backtest your trading
strategies i'll leave the link in the
video description
otherwise if you want us to review your
trading strategy you can submit it to us
using this link
as a quick tip you can always reduce the
speed of the back testing process if you
want to study the system just make sure
that your indicators are added to the
chart i usually use this method when i'm
analyzing the losing trades you can
first run the entire process and select
the time interval that has the highest
number of losing trades
once you have three or four successive
losses in front of you check whether
there were any important fundamentals
during that day especially if you're a
scalper you can refer to any event
calendar
if you find that the day doesn't have
any major events you can then move on to
the chart technical analysis
apply some indicators and see whether
some of these trades are filtered out or
not
always remember that the perfect trading
strategy doesn't exist because
everything that occurs while trading is
acting on a real market it's only
presented as charts and appears as a set
of rules-based numbers and data the
reality is it's real fluid data that's
registered from real markets
cool we've just completed the process
let's look at the results now we can
begin by reviewing the equity graph
we can see a stable increase of equity
throughout the last five years the
expert advisor has triggered many trades
we can notice a slight drawdown which
can't be visible due to the high number
of trades
this is a very promising performance i
would say now let's look at the figures
we had 1 536 trades in total that's an
average of 6 trades per week
the drawdown is 8.69 which is amazing
the success rate is 92.77 percent with
13 consecutive wins
the total net profit is 1153 dollars
with a fantastic profit factor 4.66
this is probably one of the best
performances i've ever seen in my entire
life experience as a trader
that's a consistent two percent monthly
return a pretty safe and solid roi this
looks good right what if we run this on
a 10 years time interval do you think
the ea will still make some profit
before we do that let's look at the list
of trades
we can see that we're dealing with an
expert advisor which is based on a
discretionary strategy
there's no hedging or any martingale
based system
let's adjust the time interval to 10
years and redo the test
when you're trading forex crypto or even
the stock market remember to always use
a trading system with an edge
this entails the consistent application
of the rules which govern a particular
strategy such as a specific entry in
exit points or always trading in the
direction of the prevailing trend
perhaps you use simple moving averages
to help identify a new trend as early as
possible and a stochastic indicator to
help determine whether or not it's safe
to enter a trade after removing
crossover
awesome we've just completed the back
testing process
we can notice some fluctuation
throughout the first four years
the equity graph began a consistent
surge afterward
in your opinion what's the reason behind
this significant change let us know in
the comments section
again we're looking at some outstanding
results
the success rate is still above 91.38
percent and we've recorded a relatively
higher profit as we're running
throughout a time interval of 10 years
we've made 1 586 dollars this time
we're using a standard volume of 2 micro
lots
the profit might be higher or lower if
we went for let's say 3 or 4 micro lots
well that'll be a bit risky to be honest
with you
so far all the metrics look amazing so
i've decided to increase the testing
period to 15 years
the results were quite interesting and
there's something important that can be
learned
a secret that gurus never share with you
when selling their expert advisors
do you want to know what happened next
hit on the subscribe button and get a
notification as soon as we release the
second part
and don't forget to check out the other
videos on this channel
happy trading