EA review - CEF Silicon Falcon
| Rating total: | |
| Backtests: | |
| Live performance: | |
| Risk control: | |
| Customizability: | |
| Price: |
| Vendor link | Price: | $1299 (2021.12.05) |
| Trading strategy: | Trend, S/R levels |
| Vendor live account: | No |
| Own live account: | No |
| Latest tested version: | 1.3 |
| Latest tested date: | 2019.09.23 |
| Risk factors: | False breakouts, slow execution |
CEF Silicon Falcon trades the break of support and resistance levels in trend direction. The average profit target is only a few pips. Therefore, fast execution during volatile market periods is important for this type of trading.
Optimized settings are only available for the two major pairs EURUSD and USDJPY. While the EURUSD backtest looks ok, for some reason our USDJPY test is much worse compared to the test published by the seller using the exact same EA settings (except fixed lot size). Maybe the developer uses a multiplier to reduce the spread in backtests. Since Dukascopy has very high spreads compared to typical low spread brokers (see our spread comparison site), it can be justified to use a smaller spread. But it should be communicated if it is the case.
Our opinion
The backtests do not blow your mind, but the EURUSD test looks solid considering that no risky techniques are used. Sadly, a live account is missing, so it has not yet proven its profitability in live trading conditions.Fixed lot size backtests
Why do we use fixed lot size (0.1 lots)? Check our educational page.
Dukascopy 2019.09.23, version 1.3| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 1 Hour (H1) 2010.01.01 02:00 - 2019.09.13 23:00 (2010.01.01 - 2019.09.15) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | Spacer2="---------- Money Management ------------"; UseMM=false; risk=10; lotsize=0.1; Spacer3="---------- Entry Variables ------------"; AlgoTimeFrame=60; AlgoAlpha=18; AlgoBeta=60; MaxPending=2; MinTradeSpacing=10; FrontRun=-3; Spacer4="---------- Exit Variabless ------------"; ExitType=0; targetprofit=50; stoploss=14; trailstop=2; trailstep=0.4; BEActPips=2; PipsToLock=0.9; Spacer5="---------- Partial Close Exit ------------"; UsePartialClose=false; PercentClose=50; MinProfitPips=5; SecBetweenClose=0; CloseSpacing=20; Spacer13="--------- GMT Trading Hours -------------------"; UseTradeHours=true; BeginTradingHour=21; StopTradingHour=19; FridayExitHour=19; Spacer15="------------ Trading Days ------------"; Sunday=true; Monday=true; Tuesday=true; Wednesday=true; Thursday=true; Friday=true; Spacer14="---------- Holidays and NFP ---------------"; NFP_Friday=true; NFP_ThursdayBefore=true; ChristmasHolidays=true; XMAS_DayBeginBreak=15; NewYearsHolidays=true; NewYears_DayEndBreak=3; Spacer16="---------------------------------------"; TradeComment=" SF "; UseAvgSpread=false; MinFillCnt=5; AvgSpreadPad=5; maxspread=100; PauseUntil=0; Max1MinSpike=600; FIFO=false; UseStriker=false; magicnumber=178306; | ||||
| Bars in test | 62512 | Ticks modelled | 229088249 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 1000.00 | Spread | Variable | ||
| Total net profit | 1136.70 | Gross profit | 3115.00 | Gross loss | -1978.30 |
| Profit factor | 1.57 | Expected payoff | 1.18 | ||
| Absolute drawdown | 19.90 | Maximal drawdown | 70.30 (4.21%) | Relative drawdown | 6.46% (67.70) |
| Total trades | 961 | Short positions (won %) | 471 (80.89%) | Long positions (won %) | 490 (82.24%) |
| Profit trades (% of total) | 784 (81.58%) | Loss trades (% of total) | 177 (18.42%) | ||
| Largest | profit trade | 50.10 | loss trade | -22.80 | |
| Average | profit trade | 3.97 | loss trade | -11.18 | |
| Maximum | consecutive wins (profit in money) | 25 (150.60) | consecutive losses (loss in money) | 3 (-49.30) | |
| Maximal | consecutive profit (count of wins) | 150.60 (25) | consecutive loss (count of losses) | -49.30 (3) | |
| Average | consecutive wins | 6 | consecutive losses | 1 | |
| Symbol | USDJPY (US Dollar vs Japanese Yen) | ||||
| Period | 1 Hour (H1) 2010.01.04 00:00 - 2019.09.13 23:00 (2010.01.01 - 2019.09.15) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | Spacer2="---------- Money Management ------------"; UseMM=false; risk=10; lotsize=0.1; Spacer3="---------- Entry Variables ------------"; AlgoTimeFrame=60; AlgoAlpha=18; AlgoBeta=60; MaxPending=2; MinTradeSpacing=10; FrontRun=-3; Spacer4="---------- Exit Variabless ------------"; ExitType=0; targetprofit=50; stoploss=14; trailstop=2; trailstep=0.4; BEActPips=2; PipsToLock=0.9; Spacer5="---------- Partial Close Exit ------------"; UsePartialClose=false; PercentClose=5; MinProfitPips=1; SecBetweenClose=60; CloseSpacing=1; Spacer13="--------- GMT Trading Hours -------------------"; UseTradeHours=true; BeginTradingHour=12; StopTradingHour=8; FridayExitHour=19; Spacer15="------------ Trading Days ------------"; Sunday=true; Monday=true; Tuesday=true; Wednesday=true; Thursday=true; Friday=true; Spacer14="---------- Holidays and NFP ---------------"; NFP_Friday=true; NFP_ThursdayBefore=true; ChristmasHolidays=true; XMAS_DayBeginBreak=15; NewYearsHolidays=true; NewYears_DayEndBreak=3; Spacer16="---------------------------------------"; TradeComment=" SF "; UseAvgSpread=false; MinFillCnt=5; AvgSpreadPad=5; maxspread=100; PauseUntil=0; Max1MinSpike=600; FIFO=false; UseStriker=false; magicnumber=178306; | ||||
| Bars in test | 62464 | Ticks modelled | 183925682 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 1000.00 | Spread | Variable | ||
| Total net profit | 160.02 | Gross profit | 1719.87 | Gross loss | -1559.85 |
| Profit factor | 1.10 | Expected payoff | 0.25 | ||
| Absolute drawdown | 64.18 | Maximal drawdown | 222.95 (19.24%) | Relative drawdown | 19.24% (222.95) |
| Total trades | 632 | Short positions (won %) | 329 (77.20%) | Long positions (won %) | 303 (80.53%) |
| Profit trades (% of total) | 498 (78.80%) | Loss trades (% of total) | 134 (21.20%) | ||
| Largest | profit trade | 63.48 | loss trade | -33.37 | |
| Average | profit trade | 3.45 | loss trade | -11.64 | |
| Maximum | consecutive wins (profit in money) | 29 (88.01) | consecutive losses (loss in money) | 3 (-39.36) | |
| Maximal | consecutive profit (count of wins) | 88.99 (8) | consecutive loss (count of losses) | -42.60 (2) | |
| Average | consecutive wins | 4 | consecutive losses | 1 | |
| Symbol | GBPUSD (Great Britain Pound vs US Dollar) | ||||
| Period | 1 Hour (H1) 2010.01.01 02:00 - 2019.09.13 23:00 (2010.01.01 - 2019.09.15) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | Spacer2="---------- Money Management ------------"; UseMM=false; risk=10; lotsize=0.1; Spacer3="---------- Entry Variables ------------"; AlgoTimeFrame=60; AlgoAlpha=18; AlgoBeta=60; MaxPending=2; MinTradeSpacing=10; FrontRun=-3; Spacer4="---------- Exit Variabless ------------"; ExitType=0; targetprofit=50; stoploss=14; trailstop=2; trailstep=0.4; BEActPips=2; PipsToLock=0.9; Spacer5="---------- Partial Close Exit ------------"; UsePartialClose=false; PercentClose=50; MinProfitPips=5; SecBetweenClose=0; CloseSpacing=20; Spacer13="--------- GMT Trading Hours -------------------"; UseTradeHours=true; BeginTradingHour=21; StopTradingHour=19; FridayExitHour=19; Spacer15="------------ Trading Days ------------"; Sunday=true; Monday=true; Tuesday=true; Wednesday=true; Thursday=true; Friday=true; Spacer14="---------- Holidays and NFP ---------------"; NFP_Friday=true; NFP_ThursdayBefore=true; ChristmasHolidays=true; XMAS_DayBeginBreak=15; NewYearsHolidays=true; NewYears_DayEndBreak=3; Spacer16="---------------------------------------"; TradeComment=" SF "; UseAvgSpread=false; MinFillCnt=5; AvgSpreadPad=5; maxspread=100; PauseUntil=0; Max1MinSpike=600; FIFO=false; UseStriker=false; magicnumber=178306; | ||||
| Bars in test | 62510 | Ticks modelled | 225804143 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 1000.00 | Spread | Variable | ||
| Total net profit | 843.30 | Gross profit | 3801.20 | Gross loss | -2957.90 |
| Profit factor | 1.29 | Expected payoff | 0.77 | ||
| Absolute drawdown | 140.20 | Maximal drawdown | 227.80 (15.69%) | Relative drawdown | 17.02% (176.40) |
| Total trades | 1102 | Short positions (won %) | 549 (80.15%) | Long positions (won %) | 553 (73.96%) |
| Profit trades (% of total) | 849 (77.04%) | Loss trades (% of total) | 253 (22.96%) | ||
| Largest | profit trade | 47.20 | loss trade | -28.10 | |
| Average | profit trade | 4.48 | loss trade | -11.69 | |
| Maximum | consecutive wins (profit in money) | 20 (71.50) | consecutive losses (loss in money) | 5 (-52.50) | |
| Maximal | consecutive profit (count of wins) | 82.80 (19) | consecutive loss (count of losses) | -54.00 (3) | |
| Average | consecutive wins | 4 | consecutive losses | 1 | |
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