EA Reviews

I apologize for less frequent posts this week. Things have been extremely busy both at my full-time job and in my personal life, so I’ve not had much time to write here. As a consequence, I will combine the weekly wrapup of the systems we’re testing and trading in this one entry.
Forex Derivative
It was a [...]

It wasn’t a good week for the EuroBlaster demo as it struggled all week to recover from the trade taken on Friday, June 12. This week the drawdown on that trade got as large as $2,500 at times, or almost half our account. The trade came within 29 pips of being stopped out before heading [...]

As noted earlier, we started a new demo account this week using the brand new version of Euro-Blaster (v2) that was released just about a week ago. Our demo account is using the conservative preset, but we have also turned MM on so that our account will compound as it wins trades. It was an [...]

I spent many hours this weekend putting the latest version of Euro-Blaster through its paces. I ran backtests from 2004 up to 2009 and used four different presets (aggressive, basic, conservative, and conservative +MM).
I am very pleased to report that except in a few cases, the backtests for the new version are MUCH more profitable [...]

I just received an emailed from the Euro-Blaster team that tomorrow they will be releasing version 2 of the EA! In fact, they sent me a pre-release copy to check out. I haven’t yet dug into it, but they appear to have added quite a few new features. Here is a rundown of the improvements:

Improved [...]

Well, for comparison purposes, I decided to run backtests for the monthly method (aggressive preset) on FXDD. Almost without exception, the results were inferior to the Alpari-UK results. Here is the table:
FXDD Backtest Monthly Results
(Aggressive Preset)

Month

2004

2005

2006

2007

2008

2009

Jan

-69.3%
-67.6%
-20.7%
+81.7%
+157.5%
+192.2%

Feb

+9.3%
-75.6%
-70.2%
-1.2%
+80.4%
+146.6%

Mar

+60.6%
-69.0%
-70.8%
+46.2%
+126.7%
-73.7%

Apr

-70.0%
+22.2%
-69.6%
-23.0%
+147.3%
+159.9%

May

+34.3%
-68.3%
+105.0%
-43.9%
+125.2%
-73.6%

Jun

+14.7%
+152.1%
-68.8%
-66.7%
+106.5%

Jul

-77.6%
-70.0%
+100.2%
+47.1%
+132.4%

Aug

+105.2%
-7.9%
+104.7%
-65.8%
+118.9%

Sep

+106.9%
-18.7%
-41.3%
-76.2%
+172.3%

Oct

+50.7%
-76.1%
+90.3%
-64.8%
+255.5%

Nov

+12.2%
+116.2%
-68.3%
+19.8%
+219.6%

Dec

-2.4%
-76.7%
+37.2%
+0.0%
+248.9%

Here is the comparison on a yearly basis (using the monthly method):
2004: Alpari-UK [...]

I had someone ask me for the month-by-month results from my backtesting for the monthly method. So, below is a table that gives the monthly percentage of gain or loss. For example, if a certain month began with $2,000 and ended with $2,500, that monthly percentage gain would be +25%.
As you can see, there were [...]

Judging by one of the emails I received after the previous post, there may be some confusion about the results I posted. Let me attempt to clear it up. The yearly percentage gains or losses posted in the “monthly method” post are the backtesting results using the aggressive preset and running Euro-Blaster one month at [...]

Ok, I have devised another way to trade the Euro-Blaster EA that you might be interested in. The idea is to still take advantage of the aggressive preset but not expose yourself to so much risk (i.e., losing your account in just a couple trades).
The key to this method is in closing all orders at [...]

Ok. So given what we discovered in the Alpari UK backtests and what we have seen for three weeks on the forward test, what is the verdict on Euro-Blaster?
Well, first off, I do think it is a solid EA that produces good results most of the time. I also think it is well worth the [...]