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EA review - FXAdept

Rating total:
Backtests:
Live performance:
Risk control:
Customizability:
Price:
Vendor link | Price: $269  (2020.02.07)
Trading strategy: Trend
Vendor live account: Yes
Own live account: No
Latest tested version:   1.933
Latest tested date: 2019.10.06
Risk factors: False breakouts, zig zag movements

FXAdept is a trend following expert advisor that operates on the USDJPY pair with H1 timeframe. It cannot be applied to other currency pairs. It does not use a typical grid or martingale strategy, however, it can open multiple positions in the same direction. 

The vendor himself describes the entry rules this way:

"We have found a fairly accurate pattern by which we determine the main trend and open a trade always in the direction of the Market. For that we use the RSI indicator, but we use it in a non-standard way. We find long flat periods according to RSI, when the price is inside the corridor of the boundaries of RSI indicator, and at their breakdown we understand that the trend begins. Carefully selected settings and additional filters allow us to open profitable trades with a high probability in the direction of the trend."

Once a trend has been identified, a position will be opened in the direction of the trend. In some cases, depending on the price movements, it will add further positions in the direction of the trend. In case of a trend reversal, additional positions in the opposite direction can be added. While this technically represents a basket approach, the EA rarely exceeds two or three open positions at the same time.

FXAdept uses wide stop losses and take profit limits of up to several hundred pips. However, usually positions are closed before these limits are reached.

The currently available live results show a win rate of 56% after 278 trades with an average win of 35.4 pips vs. an average loss of 20.91 pips. These trades where executed within 23 months, so you can expect around 12 trades per month.

Stagnation periods of a few months can occur with this strategy, however, the current results show a quite stable strategy.

Our opinion

The strategy of FXAdept seem to be quite good and stable. However, there is no diversification with other currency pairs to reduce the stagnation periods and to get more trades. Because of a relative low price, FXAdept could be great addition to an existing portfolio.

Live performance


Fixed lot size backtests

Why do we use fixed lot size (0.1 lots)? Check our educational page.

Dukascopy 2019.10.06, version 1.933

Full backtest report

Strategy Tester: FXAdept
SymbolUSDJPY (US Dollar vs Japanese Yen)
Period1 Hour (H1) 2010.01.04 00:00 - 2019.09.26 08:00 (2010.01.01 - 2019.09.27)
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAutoRisk=false; StartLot=0.1; RiskLimit=80; Slippage=20; NFA=false;
Bars in test60765Ticks modelled151503829Modelling quality99.90%
Mismatched charts errors0
Initial deposit10000.00SpreadVariable
Total net profit12372.29Gross profit22853.64Gross loss-10481.35
Profit factor2.18Expected payoff12.89
Absolute drawdown122.61Maximal drawdown920.41 (4.92%)Relative drawdown7.32% (826.73)
Total trades960Short positions (won %)480 (62.50%)Long positions (won %)480 (56.88%)
Profit trades (% of total)573 (59.69%)Loss trades (% of total)387 (40.31%)
Largestprofit trade154.13loss trade-421.17
Averageprofit trade39.88loss trade-27.08
Maximumconsecutive wins (profit in money)15 (535.19)consecutive losses (loss in money)9 (-240.98)
Maximalconsecutive profit (count of wins)535.19 (15)consecutive loss (count of losses)-441.17 (3)
Averageconsecutive wins2consecutive losses2
Graph

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