Today we take a closer look at the LMD-Multicurrency EA, the top performing robot in the recently concluded Forex Robot World Cup. During the competition, it increased it’s initial deposit from $1,000 to $2,456.84, an increase of $1,456.84 or 145.6%.
The LMD-Multicurrency robot is aptly named, as it made trades on eight different currency pairs during the competition. They included: USD/JPY, USD/CHF, GBP/USD, AUDUSD, EUR/GBP, EUR/CHF, EUR/USD, and USD/CAD.
In all, the robot took 96 trades over the two-month period, for an average of 2.2 trades per day, so it is a fairly active EA. When trade conditions were met for a certain currency pair, it would appear from the trade log that a position was opened at midnight GMT. And if positions did not hit the stop loss or take-profit levels, however those are determined, trades were automatically closed out at midnight GMT of the next day (or on Monday if the trade was opened on Friday). This means each trade was held for a maximum of 24 hours.
The EA does not appear to utilize a predetermined, pip-based SL or TP, as the loss and profit levels varied quite a bit. Money management is built-in, as the lot sizes were gradually scaled up as the balance on the account grew.
Breaking down the trades, the EA had 50% winners with 48 wins and 48 losses. The average win was $156.00, while the average loss was $125.67. The largest win was $544.44, and the largest loss was $311.64. Maximum drawdown at any one time was a little over 34%, which means you’ll need a pretty strong stomach to weather the volatility that accompanies this EA. But, at the end of the day, the profits are incredible, and that’s what really matters.
This and the other top performing robots from The Forex Robot World Cup will be available soon (February 16). We’re looking forward to it! Click here for more info.
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