Swissy Accu-Scalper Review

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Swissy Accu-Scalper EA is not for sale. According to Megadroid Creators, this ea is their private collection. This is a bonus EA which you will only receive when you buy EAs offers via their affiliate link. We got it when we purchase Steal Pips EA.

Reviewed on : 10th May 2010
EA Type: Scalping System
Trade : Eur/Chf 1hr  
Price: N/A (EA is not for Sale)

Back-test Generated With : Alpari UK

Download Backtest Click Here SwissyStrategytester2005-10

Backtest Settings:
Initial Deposit: US $10,000
Risk per trade: 3%
Recovery Settings: On

Swissy Backtest 2010

Swissy Backtest 2009

Swissy Backtest 2008-09

 Total net profit: 4356.23 

Swissy Backtest 2007-008

Swissy Backtest 2006-07

Swissy Backtest 2005-06

 

 

 

 

Total net profit: 5233.17

Analysis of Backtests Results

 Backtests were generated from 2006 – 2010. Results before 2006 were outstanding and we believed that it may be too ’over-optimistic’ with ROI at least 200% and above.  Thus, we decided to take recent years with more believeable and reasonable statistics.

From 2006-2009, equity curve was beautiful. Low drawdowns and more than average returns per year. ROI ranges from 17.8% to 72.7% per year. Return on investment is promising and Swissy Accu-Scalper EA is placed on our forward test server.

Backtest generated in 2005-06 showed that trading for the entire year ended in 19th August 2006. Which means not a single trade was entered from 19th August to 31th Dec 2006. We do not know why because it was fine in other years. We are contacting support to check on this issue. As we do not have accessed to their EA internal logic coding, we are not able to verify what did it happen during that time. It can be due to no signals generated , or they may have purposely skipped trading during that period of time which as a result manipulating backtest result to show good performance.

It is not conclusive but we will be expecting their response on this soon.

Money Management

Swissy Accu-Scalper EA allows system user to enter the amount of risk per trade by specifying amount in percentage risk per trade.

Drawdown

From 2005- 2009, maximum drawdown observed from our backtests showed a maximum value of 11.95% (per year) with risk setting of 3% risk per trade.

Ease of Use

It includes a easy-to-understand setup manual. It explains EA installation, paremeters and FAQ.

Parameter to Set:

Stealth Enabled (Default)

Broker is not informed of the true target and stop loss levels. They are managed internally by EA to reduce or prevent the effects of price manipulation by unscrupulous brokers.

Aggressive: Enabled (Default)

EA trades two strategies simultaneoulsy. (one conservative and one aggressive)

NFA: disabled (Default)

When enabled, the EA adapts its trading style to conform with rules imposed by the NFA body. Should only be enabled if trading with NFA brokers.

AutoGmtoffset: Enabled (Default)

Receipt Code

For validation purpose, to prevent software piracy.

Risk Per Trade (self-explanatory)

Recovery Mode: Enabled (Default)

Lotsize will be doubled after a losing trade until loss has been recovered. This setting is used due to the fact that Swissy EA has a high winning rate per trade.

Honest Result  (Backtest comparison with forward test)

Forward test link will be added soon. Our forward test will use same settings and conditions that of our backtest settings. 

Initial Deposit: US $10,000
Risk per trade: 3%
Recovery Settings: On

It is your duty to first verify our backtest analysis with our forward test before trading live with your own money 

Weakesses (if Any)

Uses same support with Megadroid. Responses from their support personnels can be quite bad.

Conclusion

6/10

Performance from backtest results are promising and we believe results  have been too over-optimistic. The backtest in 2005-06 provided a clue that they may be some coding errors or creators has manipulated backtest results to show good performance. We will keep our finger cross and await their response. Their support has not been helpful at times and users are expected to be patient when conversing with them.

Regards,

Warren Seah

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