Top 3 Featured Expert Advisors for December 2013

Greetings, earthlings!

I’m back with another set of featured forex expert advisors! These ones have caught my attention, as they posted promising results for the backtesting period I used, which is from November 2012 to November 2013.

Here are the top three systems that have caught my interest this month:

1. PZ Reversal Trend-Following System

This expert advisor was developed by Point Zero Trading Solutions and is included in the MLQ4 codebase. According to the description, this system enables you to go long when the price closes above the high for the past 100 bars and to short when the price closes below the low for the past 100 bars. Here are the backtest results:

Number of trades 8
Profit/Loss in % 5.95%
Win ratio 62.50%
Largest profit 5.40%
Average profit 2.69%
Average loss 3.56%
Maximum drawdown 8.37%

2. maximus_vX lite

My search for profitable EAs also led me to the MLQ4 Codebase via the MT4 trading platform. I stumbled upon this maximus_vX lite system, which can be tested on EUR/USD’s 1-hour time frame. Here’s what I got:

Number of trades 13
Profit/Loss in % 0.34%
Win ratio 76.92%
Largest profit 6.33%
Average profit 5.86%
Average loss 18.88%
Maximum drawdown 23.98%

3. Charles 1.3.3

Here’s another interesting and impressive system I found on MLQ4′s codebase. I tested it on the recommended EUR/USD 15-minute time frame and here’s what I got:

Number of trades 310
Profit/Loss in % 35.70%
Win ratio 88.39%
Largest profit 34.21%
Average profit 2.69%
Average loss 17.40%
Maximum drawdown 47.75%

So, what do you think? A quick disclaimer before you start running these EAs on your platforms though… Don’t trust robots right away! Didn’t you watch Transformers?!

Before you trust a robot with your life (or in this case, your hard-earned cash), make sure that it’s a good autobot and not a bad decepticon. In other words, you gotta do your homework and additional research to figure out if the EA is consistently profitable or not.

Aside from that, don’t discard a system immediately if its P/L isn’t very high. Take a look at the rest of its stats, such as the win ratio or average profit, and figure out if you simply need to adjust the risk per trade or stop loss size. Maybe it just needs a few tweaks here and there, so give it a chance by using the optimization tools on MT4. That’s what I plan to do!

Lastly, always remember that past performance is not indicative of future results. The forex market is dynamic in nature, which means that a system that has fared well in a particular type of environment might not be able to churn out the same kind of results in a different one!

That’s all I got for now. If you think you’ve got a forex robot that can do better than the ones I’ve featured, don’t hesitate to holler at me in the EA section of the forums! I’ve posted these three featured systems up there for discussion, which means I’ll be hanging out in that joint more often so that I don’t drift back to outer space again.

*beep beep boop beep*

5 comments

  1. Pingback: Top 3 Featured Expert Advisors for December 2013 | Forex Blog: Art … | theforextalk

  2. liftoff

    In testing the PZ Reversal Trend-Following System, what were the test parameters. The pair, timeframe and similar stuff.

    Reply
  3. ruff2play

    What’s your take on PinPoint-Trade-Runner Plus owned by Forex Dynamics. I’ve taken a look at it, but would appreciate your feedback on what you know about this system. Seriously considering using this software.
    Your response would be much appreciated.

    Reply

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