https://forexfbi.com/4-horsemen-forex-ea/ Forex Bot Investigations - A comparison of the top forex robots and user discussions about optimization, settings strategies and more. Tue, 22 Jan 2013 13:07:05 +0000 hourly 1 https://wordpress.org/?v=6.1.1 https://forexfbi.com/4-horsemen-forex-ea/comment-page-1/#comment-64347 Tue, 22 Jan 2013 13:07:05 +0000 http://forexfbi.com/?p=4108#comment-64347 I looked into it and the strategy seems to be mean-reverting, which works nicely in higher frequencies on FX. This guy however does basically a simple martingale on it and keeps adding positions if the price is moving in the wrong direction. Then he waits until he’s able to close each position with about zero profit, no matter how long it takes. He sets some generous stoploss, but does not have a reasonable way of dealing with a trending market.
Results in the demo account, with almost perfect statistics therefore seem only as lucky period for his EA. On which he chose to base his sale.
There is a backtest going more into the past attached in his profile and it is obviously far worse. Still relatively nicely profitable, but I suggest looking at how trading costs really affect the strategy, I have not taken a look at this.
BTW it would be nice if he extended this strategy to other currency pairs, uncorrelated diversification could do it a lot of good.

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