EA review - MiriumInvestSoft EA

This EA has been removed from the market. If you are still interested, you could try to contact the seller directly via his profile.

MiriumInvestSoft EA combines a mean reversion strategy during the quite trading hours of the day with a small grid system. It usually opens the first position around the rollover time.

To increase the probability of a profitable exit, the EA uses a small grid with up to 4 positions if the price moves against the initial position. While it increases the win percentage, it also increases the possible maximum loss in case the price moves further against the position. The SL of all grid positions is not the same and the few times where it did not end profitably in backtests, the EA opened new positions each time an old ones hit the SL until the new grid eventually ended up in profit (excluding the losses from earlier positions). So it is not clear whether this trading logic would continue forever in case of a very strong price movement, which could be potentially risky. 

The seller does not offer a singal on a real account, but there is a demo signal available. The positions are usually opened exactly at rollover time (00:00 in GMT+2/+3 time zone), which might not work that well on real accounts as many brokers close the market for a few minutes or have extreme spreads. 

Since the list of recommended pairs is very short (EURUSD, USDJPY), we also tested other major pairs. The backtests did not look good. While there might be strategies that only work on very few pairs, this can often also be a sign for over-optimization. However, we noticed that the grid logic did not seem to work on those pairs, so it might just be that only a part of the trading logic is used on non-recommended pairs and therefore the backtests should not be taken too much into account. 

Our opinion

Fixed lot size backtests

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

• EURUSD
• USDJPY_1
• USDJPY_2
• GBPUSD (not recommended by author)
• USDCAD (not recommended by author)
• USDCHF (not recommended by author)

Full backtest report

Symbol		EURUSD (Euro vs US Dollar)
Period		1 Hour (H1) 2010.01.01 02:00 - 2019.08.27 09:00 (2010.01.01 - 2019.08.31)
Model		Every tick (the most precise method based on all available least timeframes)
Parameters		orders_comment="MiriumInvestSoft EA"; Magic1=111; Magic2=11111; max_spread=3; Slippage=1; Lots_A=0; Lots=0.1; Risk=1;
Bars in test	62272	Ticks modelled	228354381	Modelling quality	99.90%
Mismatched charts errors	0
Initial deposit	1000.00			Spread	Variable
Total net profit	12346.42	Gross profit	16215.42	Gross loss	-3869.00
Profit factor	4.19	Expected payoff	5.00
Absolute drawdown	3.50	Maximal drawdown	760.20 (19.89%)	Relative drawdown	19.89% (760.20)
Total trades	2468	Short positions (won %)	1234 (91.82%)	Long positions (won %)	1234 (82.98%)
		Profit trades (% of total)	2157 (87.40%)	Loss trades (% of total)	311 (12.60%)
Largest		profit trade	64.90	loss trade	-150.70
Average		profit trade	7.52	loss trade	-12.44
Maximum		consecutive wins (profit in money)	61 (354.70)	consecutive losses (loss in money)	5 (-609.80)
Maximal		consecutive profit (count of wins)	354.70 (61)	consecutive loss (count of losses)	-609.80 (5)
Average		consecutive wins	8	consecutive losses	1

Full backtest report

Symbol		USDJPY (US Dollar vs Japanese Yen)
Period		1 Hour (H1) 2010.01.04 00:00 - 2019.08.27 10:00 (2010.01.01 - 2019.08.31)
Model		Every tick (the most precise method based on all available least timeframes)
Parameters		orders_comment="MiriumInvestSoft EA"; Magic1=111; Magic2=11111; max_spread=3; Slippage=1; Lots_A=0; Lots=0.1; Risk=1;
Bars in test	62224	Ticks modelled	183220825	Modelling quality	99.90%
Mismatched charts errors	0
Initial deposit	1000.00			Spread	Variable
Total net profit	7824.42	Gross profit	10717.38	Gross loss	-2892.96
Profit factor	3.70	Expected payoff	5.00
Absolute drawdown	17.06	Maximal drawdown	587.52 (10.04%)	Relative drawdown	16.35% (337.60)
Total trades	1564	Short positions (won %)	809 (87.89%)	Long positions (won %)	755 (85.43%)
		Profit trades (% of total)	1356 (86.70%)	Loss trades (% of total)	208 (13.30%)
Largest		profit trade	65.51	loss trade	-151.26
Average		profit trade	7.90	loss trade	-13.91
Maximum		consecutive wins (profit in money)	37 (231.90)	consecutive losses (loss in money)	4 (-470.04)
Maximal		consecutive profit (count of wins)	239.64 (31)	consecutive loss (count of losses)	-470.04 (4)
Average		consecutive wins	7	consecutive losses	1

Full backtest report

Symbol		USDJPY (US Dollar vs Japanese Yen)
Period		1 Hour (H1) 2016.07.29 03:00 - 2019.08.27 10:00 (2016.07.29 - 2019.08.31)
Model		Every tick (the most precise method based on all available least timeframes)
Parameters		orders_comment="MiriumInvestSoft EA"; Magic1=111; Magic2=11111; max_spread=3; Slippage=1; Lots_A=0; Lots=0.1; Risk=1;
Bars in test	21249	Ticks modelled	74043120	Modelling quality	99.90%
Mismatched charts errors	0
Initial deposit	1000.00			Spread	Variable
Total net profit	3586.31	Gross profit	4045.07	Gross loss	-458.76
Profit factor	8.82	Expected payoff	5.32
Absolute drawdown	18.22	Maximal drawdown	272.08 (11.21%)	Relative drawdown	11.21% (272.08)
Total trades	674	Short positions (won %)	326 (97.55%)	Long positions (won %)	348 (85.92%)
		Profit trades (% of total)	617 (91.54%)	Loss trades (% of total)	57 (8.46%)
Largest		profit trade	32.23	loss trade	-26.30
Average		profit trade	6.56	loss trade	-8.05
Maximum		consecutive wins (profit in money)	49 (259.26)	consecutive losses (loss in money)	2 (-34.48)
Maximal		consecutive profit (count of wins)	259.26 (49)	consecutive loss (count of losses)	-34.48 (2)
Average		consecutive wins	11	consecutive losses	1

Full backtest report

Symbol		GBPUSD (Great Britain Pound vs US Dollar)
Period		1 Hour (H1) 2010.01.01 02:00 - 2019.08.27 10:00 (2010.01.01 - 2019.08.31)
Model		Every tick (the most precise method based on all available least timeframes)
Parameters		orders_comment="MiriumInvestSoft EA"; Magic1=111; Magic2=11111; max_spread=3; Slippage=1; Lots_A=0; Lots=0.1; Risk=1;
Bars in test	62270	Ticks modelled	224899078	Modelling quality	99.90%
Mismatched charts errors	0
Initial deposit	1000.00			Spread	Variable
Total net profit	338.79	Gross profit	10822.33	Gross loss	-10483.55
Profit factor	1.03	Expected payoff	0.16
Absolute drawdown	51.50	Maximal drawdown	2104.71 (67.71%)	Relative drawdown	67.71% (2104.71)
Total trades	2088	Short positions (won %)	1072 (96.92%)	Long positions (won %)	1016 (96.06%)
		Profit trades (% of total)	2015 (96.50%)	Loss trades (% of total)	73 (3.50%)
Largest		profit trade	31.90	loss trade	-163.00
Average		profit trade	5.37	loss trade	-143.61
Maximum		consecutive wins (profit in money)	97 (522.95)	consecutive losses (loss in money)	2 (-300.23)
Maximal		consecutive profit (count of wins)	522.95 (97)	consecutive loss (count of losses)	-300.23 (2)
Average		consecutive wins	28	consecutive losses	1

Full backtest report

Symbol		USDCAD (US Dollar vs Canadian Dollar)
Period		1 Hour (H1) 2010.01.01 02:00 - 2019.08.27 10:00 (2010.01.01 - 2019.08.31)
Model		Every tick (the most precise method based on all available least timeframes)
Parameters		orders_comment="MiriumInvestSoft EA"; Magic1=111; Magic2=11111; max_spread=3; Slippage=1; Lots_A=0; Lots=0.1; Risk=1;
Bars in test	62268	Ticks modelled	176661297	Modelling quality	99.90%
Mismatched charts errors	0
Initial deposit	10000.00			Spread	Variable
Total net profit	-1382.32	Gross profit	8998.61	Gross loss	-10380.93
Profit factor	0.87	Expected payoff	-0.78
Absolute drawdown	2149.37	Maximal drawdown	2407.99 (23.47%)	Relative drawdown	23.47% (2407.99)
Total trades	1778	Short positions (won %)	917 (94.77%)	Long positions (won %)	861 (96.28%)
		Profit trades (% of total)	1698 (95.50%)	Loss trades (% of total)	80 (4.50%)
Largest		profit trade	16.86	loss trade	-161.47
Average		profit trade	5.30	loss trade	-129.76
Maximum		consecutive wins (profit in money)	79 (409.05)	consecutive losses (loss in money)	2 (-232.75)
Maximal		consecutive profit (count of wins)	409.05 (79)	consecutive loss (count of losses)	-232.75 (2)
Average		consecutive wins	21	consecutive losses	1

Full backtest report

Symbol		USDCHF (US Dollar vs Swiss Franc)
Period		1 Hour (H1) 2010.01.01 02:00 - 2019.08.27 10:00 (2010.01.01 - 2019.08.31)
Model		Every tick (the most precise method based on all available least timeframes)
Parameters		orders_comment="MiriumInvestSoft EA"; Magic1=111; Magic2=11111; max_spread=3; Slippage=1; Lots_A=0; Lots=0.1; Risk=1;
Bars in test	62210	Ticks modelled	164626753	Modelling quality	99.90%
Mismatched charts errors	0
Initial deposit	10000.00			Spread	Variable
Total net profit	-3217.26	Gross profit	8846.44	Gross loss	-12063.70
Profit factor	0.73	Expected payoff	-1.86
Absolute drawdown	3389.71	Maximal drawdown	3902.41 (37.12%)	Relative drawdown	37.12% (3902.41)
Total trades	1727	Short positions (won %)	923 (94.58%)	Long positions (won %)	804 (96.52%)
		Profit trades (% of total)	1649 (95.48%)	Loss trades (% of total)	78 (4.52%)
Largest		profit trade	37.05	loss trade	-193.85
Average		profit trade	5.36	loss trade	-154.66
Maximum		consecutive wins (profit in money)	89 (473.76)	consecutive losses (loss in money)	4 (-657.99)
Maximal		consecutive profit (count of wins)	473.76 (89)	consecutive loss (count of losses)	-657.99 (4)
Average		consecutive wins	23	consecutive losses	1

Portfolio backtest

Link to PDF file