MultiSkalper EA Advisor
A new research experiment by ForTrader.org magazine's lab becomes MultiSkalper EA expert, a revised and improved version of the acclaimed Joker EA robot. At the moment the "Joker" Expert Advisor version 1.4 shows quite good results. results in our monitoringtherefore MultiSkalper EA was gladly accepted for testing on two accounts at once.
According to the description of MultiSkalper EAThe robot's strategy is based on the symbiosis of three different trading strategies, each of which can independently produce a stable profit. Therefore, the Expert Advisor is actually a portfolio of tactics, diversifying the risks. For this purpose the author has calculated the ratio for the trading lot of each strategy, taking into account the drawdown and profitability of each strategy: for the first strategy K = 1, for the second - K = 1.6, for the third - K = 3.5.
The author has introduced a number of changes to the new MultiSkalper EA. These include:
- The number of transactions has increased to about 1,000 per year;
- the stop loss level has decreased: 45 pips for the first strategy, 21 pips for the second, and 40 pips for the third;
- the level of total drawdown decreased by one and a half times.
Trading by the author and fortrader.org magazine is recommended on ECN accounts. If your broker does not support setting StopLoss and TakeProfit simultaneously with the order opening, the possibility of modification is provided.
Testing MultiSkalper EA
For testing the MultiSkalper EA we decided to use two trading accounts at once:
- on a real ECN account will be installed an Expert Advisor with conservative settings, which does not use the Money Management functions;
The company: Gamma Markets LTD
Terminal: MetaTrader 4
Deposit: 1000$
Account type: real, ECN
Currency pair: EURUSD
Timeframe: М5
Expert's office hours24/7
Backtest: 2010 and 2011
Start of testing: 14.03.2013
End date of testing: 13.06.2013
- on a demo account will be installed Expert Advisor MultiSkalper EA in the full version proposed by the author.
The company: Gamma Markets LTD
Terminal: MetaTrader 4
Deposit: 1000$
Account type: demo, ECN
Currency pair: EURUSD
Timeframe: М5
Expert's office hours24/7
Backtest: 2010 and 2011
Start of testing: 14.03.2013
End date of testing: 13.06.2013
MultiSkalper EA Bectests
As for the backtests, both variants of MultiSkalper EA showed excellent results.
Testing results of MultiSkalper EA in the conservative version for 2010:
- Testing results of MultiSkalper EA in the conservative version for 2010
Initial deposit: 1000$
Net income: 1847.24$
Maximum drawdown: 354.22 (17.74%)
Average profitable trade: 9.10
Average loss trade: -23.44
Fixed lot0.1 for the first strategy, 0.35 for the second, and 0.16 for the third.
Testing results of MultiSkalper EA in the conservative version for 2011:
Initial deposit: 1000$
Net income: 2965.32$
Maximum drawdown: 360.46 (9.75%)
Average profitable trade: 9.61
Average loss trade: -24.70
Fixed lot0.1 for the first strategy, 0.35 for the second, and 0.16 for the third.
Testing results of MultiSkalper EA in the author's version with Money Management for 2010:
Initial deposit: 1000$
Net income: 23971.68$
Maximum drawdown: 2408.25 (9.28%)
Average profitable trade: 62.81
Average loss trade: -147.70
AutoMM = 10.
Testing results of MultiSkalper EA in author's version with Money Management for 2011:
Initial deposit: 1000$
Net income: 32352.26$
Maximum drawdown: 6871.71 (30.78%)
Average profitable trade: 95.44
Average loss trade: -252.64
AutoMM = 10.
We will follow the results of the advisors' work for 3 months.