Back-test and Forward Test Generated With : Alpari UK

Price : S500

Refundable: 45 Day Money-back Guarantee

A package consists a portfolio of 6 advanced strategies and categorize as follows:

-4 strategies for scalping across 8 currency pairs

-1 strategy for grid trading for EUR/CHF pair

-1 strategy for hedging and pyramiding for GBP/USD

So it is quite well diversified for most market conditions.

1. Money Management

Incorporated in the EA consists of their own money management system and also risk management options.

It allows the user to input their choice of risk for each trade.

As this EA consists of many pairs to trade with the various strategies, one might end up putting his/her account under too much risk.

Therefore, it is advisable to do your homework in assessing the proper strategies suitable for your portfolio first by demo trading.

Keep in mind that it may be tempting to trade all pairs in demo trading but we suggest to you to start with manageable risk that you can tolerate before increasing to higher risk.

What we recommend to start off with is not to risk more than 2% of your total equity for each trade to get used to the EA trading style.

2. Draw-down

Currently, we are doing forward testing of Primeval using just scalping method.

More information on the drawdown based on backtest result will be reported here.

3. Ease of Use

It is relatively easy to install where most of the installation help are featured in their guide.

Their other parameters featured in their EA is also explained in the guide clearly.

One thing to highlight is that user have the option of using the Grid strategy and the Hedging strategy which both can be activated by the user if he/she choose to use these strategies.

4. Honest Result

Currently, we are forward testing Primeval EA in a Alpari-UK demo account with the EA provided to us from Primeval developer Sergio C. for the purpose of reviewing and providing honest feedback.

Click here for backtest result.

Here is our forward test result:

Click below to view our forward test result

Although Primeval consists of 8 different currency pairs with scalping, grid and hedging to choose from, we decided to test on scalping first with 2 currency pairs for a start to better observe the EA scalping trading pattern.

They are:

1. EUR/CHF (scalping)  at 6% per trade

2. EUR/GBP (scalping) at 3% per trade

We have contacted Primeval about their recommended settings on which are their best performing pairs, they replied with EUR/CHF and EUR/GBP with risk levels at 20% and 15% respectively and they considered it as conservative. We found that their risk level settings to be too uncomfortable to start off with and we chose a risk level setting to better suit our risk appetite for the moment for testing.

As nowadays, scalping strategies have problem with spread issues and we wanted to assess how Primeval measure up to the period when scalping strategies will be their most active.

Currently after 1 month on our forward test account, there is a return of 3.3%. Which is not bad taking to account that we have started off with very small risk taken and a technical fault on pur part during 10 Feb 2010 that might caused both stoploss to be activated. We have observed that with every 1 stoploss activated, it will take about 3-4 trades to recover the loss back which is impressive.

More time is needed to able to determine its potential and will be updated.

5. Features

We want to highlight certain features of Primeval EA and so other than the standard features of money and risk management settings, the EA has the strategy option of trading with the grid or/and hedging.

For the risk settings portion, from its manual , it is stated that the risk level was adjusted internally in a different way for every currency pair, this means that 10% risk level is not always 10%, it is more, less or equal with EUR/CHF and EUR/GBP carrying more risk per trade than what is set by the user.

For the grid and hedging strategy option, user can only use it if the broker he/she uses is not a NFA regulated broker due to NFA regulations.

Scalping can still be used due to the parameter NFA_Compliant which allows the EA scalping to work.

Another portion of parameters are the manual trading parameters. These parameters are included in the EA which we are surprised to see as the EA can help you trail your manual trades (if you do manual trading, if not just ignore this) with its trailing parameters other than just performing its intended use as a trading strategy EA.

6. Weaknesses (If Any)

So far, we have not seen any obvious weaknesses in Primeval EA as it currently does its job as a scalping strategy to enter numerous trades for what we have tested.

7. Support

Very good support with replies to our email within 48 hours. Provided us with detailed answers to our questions.

Summary

Primeval EA may set most beginner traders back with its large asking price of $500 with the norm of most EAs now at $127. But it seems to us right now that we wouldn’t mind paying that kind of money if it lives up to its expectation of producing that kind of result it claims it to be.

Right now, according to our forward test result it is performing rather well compared to many other scalping strategies due to the number of times it enter the market and promising with a return of 3.3% within 1 month with our own settings.

Rating:

8/10

Feel free to use this article on your website or ezine as long as the following information about author/website is included.

Charlie examines existing Forex EA products on the market and starts analysing and testing critically to add to the current portfolio of dynamic and profitable trading systems. By publishing all the research papers and detailed analysis online, he seeks to educate potential investors and traders on the world of trading the forex market with automated systems.

To read more about these research papers and analysis, go to

http://www.FxEAReview.com

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Fractal 4 EA comprises of a scalping strategy and a channel breakout strategy. It trades a total of two strategies. When market is not volatile, Fractal 4 will employ the scalping strategy where it executes many trades with very small take profit levels. Where market is expected to be volatile, it will trade the channel breakout strategy.

Types of Robot : Scalping and Channel Breakout Robot

Broker Platform : Metatrader 4 (work on both 4^th and 5^th decimal brokers)

Back Test and Forward Test Generated With : Alpari UK

Price : $197 (one time payment)

Refundable: No

Pair: Eur/ Usd , Gbp/Usd, Eur/Gbp  (4Hr Timeframe)

1. Money Management

Fractal 4 provides money management. However, the risk parameter does not directly reflects the amount of percentage risk in any single trade. The owner of Fractal 4 recommends specifying risk at 0.3 with 5 aggressive setting.

Scalping Strategy = 1% loss in any single trade if stoploss is hit

Channel Breakout = 1.6% loss in any single trade if stoploss is hit

The data I have collected is based on what has happened to FxEAReview’s forward test. In addition, the scalping strategy may open 5 positions at the same time, and the maximum risk you are taking is up to 5% in any single day.

The owner did not cover the money management in detailed but provides a recommend setting to users expecting everyone’s risk tolerance is the same. This is clearly not a good idea in the perspective of the end user.

2. Drawdown

Although the website specified that we can back test the strategy, we have tried but were unable to do it. Instead, they generated back test results and invite users to visit their blog.

We believe that it is not reliable to write a review based on their generated back test due to the fact that back test results can easily be distorted. We will refrain from using system provider’s back test results.

As such, we were unable to get the drawdown figures from our research so far. We will update you as soon as we have the figures.

Trade Analysis

Scalping Strategy

Scalping Strategy will execute 5 positions every day at 21 00 Hr (Gmt). It may not trade every day.

Order Type = Market Order
Take Profit = 4- 10 pip
Stop Loss = 32 pip
Maximum Opened Positions = 5
Risk Per Trade = 1% per trade

Risk : Reward = 1:0.125

It takes 8 winning trades to recover 1 losing trade.  (May defer because EA manages every trade and exit at different take profit level)

Channel Breakout

It uses build in channel breakouts indicators to determine entry positions. If price breaks, breakouts above or below the blue lines, an trade is entered. The price breakout must occur during the European trading hours in order for a trade to be entered.

Order Type = Stop Order (Place at blue lines as indicated by build in indicator)

Take Profit = Managed By EA
Stop Loss = 32 pip
Risk Per Trade = 1.6% per trade

Risk : Reward = Cannot Be Determined

3. Ease of Use

Product comes with a manual and its in-built indicators.

Risk Parameter requires back testing in order to find out the risk % in any single trade. Forex beginners may  not be able to determine the real risk % .

Following Settings Can Be Optimised

Risk
Aggressive Setting
Take Profit
BEP
Min Stoploss
Max Open Position

We felt that these settings were not covered adequately in the user manual and we do not understand how it is used.

Fractal 4 EA is not easy for usage.

4. Honest Result

FxEAReview believes that forexhope fared badly in this area even though Fractal 4 is a profitable strategy.

1. System cannot be backtested (salespage indicates that it is possible)
2. Money management does not truly reflect the real risk in any single trade

Click Here to View Forward Test Results

5. Weakness (If Any)

There are variations between what the owner promised and what he delivered.

System is backtested to work from 2008 stated by the owner. A general concern is can this strategy works long term?  System cannot be backtested and as a result, we aren’t able to test the long term performance of this strategy.

It comprises of two strategies but money management was not defined for each respective strategy.

Scalping strategy may be spread dependent.

6. Support

Support took 5 days to reply and support personnel provided unsatisfactory answer.

A picture depicting the e-mail reply is displayed as follows:

Click Here to View Our Dialogue with Support Part 1

Click Here to View Our Dialogue with Support Part 2

From the dialogue, you can see that we can getting increasingly frustrated with them not addressing our problem. We have uploaded our own backtest result for them to see but they kept requesting for our result. With waiting time of at least 3 days for them to reply, clearly we do not expect to get simple replies but answers to our problem.

Summary

Fractal 4 EA has two strategies programmed to capitalise on the different market conditions. Strategy performed well in our forward test results.

We believe that the system manual should be improved to educate the system user on the various parameters. Several parameters should be introduced to cater for two trading strategies and money management should be simplified to make it easier for end users.

Finally, back test should be enabled.

Rating

6/10

Warren Seah

Feel free to use this article on your website or ezine as long as the following information about author/website is included.

New Update

Update 23th Dec 2009

Our forward test account was disabled because the robot did not trade for more than 3 weeks. It was working fine until we applied the new update. We will clarify with the trading provider on this issue.  A new demo account will be opened and forward testing will resume.

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Robominer is a grid trading robot. It works in the theory that using prudent money management, no matter what the price went to in its historical operating range, the trader using this strategy will not ever get a margin call. This is achieved by limiting the contract size of the investments to a small percentage of the equity balance.

Types of Robot : Grid Trading Robot

Broker Platform : Metatrader 4 (Work on both 4th and 5th decimal brokers)

Back-test and Forward Test Generated : Alpari UK

Price : $497 (one time payment) or $39.99 recurring monthly subscription

Refundable: No, it allow demo testing by registering with their website prior to purchase

Pair: Aud/Nzd and Eur/Chf

1. Money Management

It is unique in its way because money management is calculated by balance factor in this strategy. In its default setting, every $4,000 in your equity, the robot will add 0.01 volume (1 micro lot). If you have an account size of $10,000, you will start trading with 2 micro lot.

he idea for this strategy is regardless of what how much the price moves, the trader will not ever meet a margin call. This explains for the very small contract size traded.

You can specify the balance factor, but by entering how much dollar to a micro lot. That is if you specify 3000, that will be for every 3000 , the strategy will trade with 1 more micro lot.

2. Drawdown

The Back tested results showed a maximal drawdown of not more than 20% the past 4 years. Positions are entered only with a fixed take profit levels. They will only be closed if their take profit levels are achieved.

Most of the drawdown are paper loss, that is loss will only be realized if positions are closed. Hence, drawdown stated in this strategy is usually not reliable because we could not predict how much paper loss the system will generate during times when it has 10 opened trades lying for a few months and price facing the potential of breaking its historical extremes.

Trade Analysis

Order Type = Market Order

Take Profit = 40 pip ( Eur/Chf)

Stop Loss = N/A (Grid Trading does not trade with a stop loss)

3. Ease of Use

Most of the parameters are explained in the manual provided. Strategy provides a certain level of optimization. However, for those who have dealing first time with a grid trading robot will feel overwhelm. Luckily for this group of traders, you can simply trade with default conservative settings.

4. Honest Result

There isn’t much to compare between backtested and forward test results. Profitable closed trades are the only results you can see. There is also the floating profit you will want to take special attention at the forward tests.

Click Here For Robominer Back Test Results

Click Here To View Forward Tests Results

5. Other Features

Parameters to Take Note (Optional)

Balance FactorFIFO (if NFA regulated)

Stealth Mode

Allow Internal Close (Can be enabled to close position before take profit level is met)

EmergencyCloseAllTrades (Only use this during emergency when decided to switch broker or nearing margin call)

6. Weaknesses (If Any)

- At least $10,000 should be Invested

This strategy should be traded with account more than US $10,000. More money invested to trade with this strategy will increases the probability of achieving a annual return of 33% ROI.

- Select Brokers that Offer Micro Lots Only

Choose brokers that allow trading with micro lots.

- Floating Loss

Accumulated positions may reflect a huge floating paper loss. User must be able to withstand paper loss as system is shown to withstand and close them with profits.

- Difficult to Backtest

Generating 1 year backtest took our team more than 1- 2 hours. It takes a lot of computer resources and 1 backtest can only be done at a time.

7. Support

Provide demo testing before you buy. Support consists of forum. Provide quarterly updates.

Summary

We forward tested trading Eur/Chf with this strategy. We choose Eur/Chf instead of Aud/Nzd because Eur/Chf has a lower spreads than Aud/Nzd. This strategy works extremely well for people who have a lump sum and are concerned about taking too much risk and short term volatility in the markets.

According to the owners, they stated that strategy will bring at least 30% or more per annum. Back tests showed the past 3 years brought in at average 30% ROI per annum. If proven true by forward test, these results beats the inflation by a big fat margin and is a very good investment compare to those you find at the banks.

For investors with small start up capital, it will clearly not be as beneficial to use this system. This is because for one to maximise the full potential of this system, users has to use it over the long term and to start with a considerable amount of capital to reap the full rewards.

If used over the long term, system will bring in small and consistent profits with minimal risk.

Rating

7/10

Warren Seah

Update

Update : 30th Nov 2009

Our demo account was disabled by the broker. It is because robominer EA hasn’t placed any trade in the past 30 days. The above data is a new account and a fresh record will be taken from here.

Update 23th Dec 2009

We are looking forward to better results as we allow more time for Robominer to trade on its own.  Trading will stop on Christmas day and resume soon.

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Pair: Eur/Usd 1hr

1. Money Management

Yes. Allow you to specify the amount risk per trade.  

2. Draw-down

Table: Relationship between amount risk per trade with max drawdown table

over 12 months from 1st July 08 – 1st Aug 09

Conservative Settings 2% per trade

The Lowest draw-down that brings the most profit will be somewhere between risking 1- 4 % per trade. It will be recommended to most people to trade with a risk setting of 2% a trade.

Moderate to High Risk Settings 4% per trade

If your can tolerate a higher draw-down, 4% risk per trade may be a setting you can use to maximise your profit using this system. One must be aware that with a risk of 4%, you must be prepare to lose close to 25% of your equity in your account.

That means losing $2,500 in a $10,000 investment account. And it is not advisable to risk much more than 4% because the draw-down one would experience will increase significantly without any increase in percentage of profits earned.

Analysis Table with 4% Risk Per Trade Over Various Period

(All tests are done with recovery and aggressive settings turn on.)

Max Drawdown

With 4% risk setting, the highest draw-down experienced (19.19%) was in 1st Jan 08 to 31th Dec 08. From the risk vs draw-down stats and this analysis table, we observed that the max draw-down is about 20%.

Max Consecutive Loss

3. Systems tell us to expect a high probability of a win after 3 losing trades.

Winning Trades (%)

Average winning trades is 89.81% for the past 5 years.

ROI

Average ROI for the past 5 years is 31.88%. Not a single losing years is recorded. Very high probability of having a profitable year.

Trade Analysis

Order Type = Market Order

Take Profit = Uses Dynamic Take Profit Level (no fixed TP)

Stoploss = Uses Dynamic Stoploss Level (no fixed SL)

Average Profitable Trade = $41.36

Average LosingTrade = $193.40

It takes 5 wins to recover 1 losing trade.

3. Ease of Use It comes with a manual and all paremeters clearly explained.

Paremeters to set are

• Recovery setting (Double Your Risk After a Losing Trade)
• Aggressive Settings
• Risk Per Trade
• Auto GMT offset included

It takes less than 5 mins to setup the expert advisor into the metatrader platform.

4. Honest Result

Key Ratios For Comparison

1. Max Draw-down
2. Max Consecutive Loss
3. Winning Trade (%)
4. ROI (%)

Compare these ratios with the analysis and researched done by FxEAReview Team.

2004-08 Back Test Results

For individual years and more detailed back-test results

Click Here to Download

Forward Test Result

5. Other Features

Stealth

Broker will not be informed of the true take profit and stop loss level and this will reduce the effect of broker manipulation.

Aggressive

When enabled, Megadroid trades with 2 strategies at the same time, 1 conservative and 1 aggressive.

Recovery Mode

Having a very high winning percentage of trades, this function when enabled will doubled the risk of all trades in the event of a losing trade to recover the the loss until all the loss has been recovered.

6. Weaknesses (If Any)

Many trades are not opened due to high spread.

Use brokers with low spreads like fxcbs or imfx to trade this system

7. Support

Owners are contactable via email. Mega-Droid has been updated 3 times since the launch.

No forum  

8. Profitability

ROI (over past 5 yrs) = 31.88% (Max Draw-down 19.19%)

Average Profitable Trade = $41.36

3 wins will have recover back your investment in Mega Droid.

Not a single losing year is registered in our back tests. Winning 31.88% and risking a 19.19% draw-down is an investment we believed will be worth the risk.

Summary  

System trades with a very high accuracy. It makes very few trades and this suits beginning traders extremely well as they will not worry about losing trades and learn the basics before moving on to system that have frequent trades.

Recovery settings works very well with this strategy as it makes very high accuracy trades, doubling the risk after a losing trades tends to make back the loss faster. Time spent in a draw-down will be short.

Update 6th Nov 2009 : Many trades are not opened due to high spreads during Asian market conditions. As a result, selected brokers must be used to take advantage of the full benefits of this system.

Rating

7/10

(All tests are generated with Aggressive and Recovery Settings turn on.)

Warren Seah

Update

Update 23th Nov 2009: Conservative settings are used trading this strategy and we are trading with 2 charts using advanced droid tactics strategy.

Update 23 th Dec 2009

We are recovering from the loss sustained in November. Trading conditions has improved and we have not encountered any high spread issue in the month of december 2009. Grid trading robot is introduced in this update. We are looking forward to better results in 2010. Trading will stop on Christmas day and resume in Mid January 2010.

1st January 2010 update

Megadriod has perform quite well for the 1st half of the year of 2009 but with the introduction of flexible spreads by the broker, we did not have several trades as many trades were filtered out due to high spreads during the second half of 2009. Thus it affects the performance of Megadriod. So we cannot really judge how well Megadriod have perform up to its expectations. So far when Megadriod does trade, the performance is good with mostly winning trades but judging by the high spread issues, we need to find other brokers to make Megadriod work to its full potential. Nevertheless, Megadriod seems to be a consistent performer with relatively good  results but only if we can find the solution to the high spread issue. We will update you as soon as we can find a good solution to the spread issue.

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Pair: Eur/Chf, Eur/Gbp, Usd/Cad, Gbp/Chf , Usd/Chf (15Min Chart)

(We trade scalping strategy and do not trade Eur/Usd Long Term Strategy.)

1. Money Management

Yes. Allow you to specify the amount risk per trade.

2. Draw-down

Eur/Gbp Risk Drawdown Over Last 12 Months (July08-July09)

Recommended Settings for Eur/Gbp is trading at 4% risk.

This pair was once the most profitable pair for fapturbo. Condition may have changed and nevertheless, we still believe in trading this pair due to our 5 years back-test results.Though, it isn’t profitable to trade this pair in the past 12 months, we see that it has an optimal profit factor with a manageable draw-down among the different range of risk settings.

Eur/Chf Risk Draw-down Over Last 12 Months (July08-July09)

Conservative Settings

4% risk per trade. Having a draw-down less than 10% will be a sum that beginning trader will be comfortable with compared to 20% draw-down.

Recommended Settings (If you can take more risk)

Using 8% risk per trade, you will experience close to 20% draw-down. That will bring a profit factor of 2.09.

(All analysis are done with default takeprofit, stoploss level. Trading Hours 2100 – 0100 GMT Max Spread 5 Eur/Gbp, 6 Eur/Chf)

(Some years below are omitted due to too optimistic figures.)

Eur/Gbp Detailed Analysis

Highest Max Draw-down registered the last 4 years is 16.61%(figure obtained from previous risk draw-down table)

Average ROI = 78.22%

Trade Analysis

Order Type = Market Order
Take Profit = 6 pips
Stop Loss = 36 pips

Risk: Reward = 1: 0.166

It takes 6 winning trades to recover 1 losing trade.

Eur/Chf Detail Analysis

Highest Max Draw-down registered the last 4 years is 17.40%(figure obtained from previous risk drawdown table)

Average ROI = 51.11%

Trade Analysis

Order Type = Market Order
Take Profit = 5 pips
Stop-Loss = 53 pips

Risk: Reward = 1: 0.0943

It takes 11 winning trades to recover 1 losing trade.

3. Ease of Use

It comes with a manual and all parameters clearly explained.

Parameters to set are

Lotriskreductor (its version of risk per trade)
AutoGmt offset
Stealth Mode
Max Spread
Slippage

Here are some parameters that you can optimised for personalised trading. If you do not think you understand how to optimise the strategy, it is advisable you do not change any default settings. Parameters listed here are optional.

Start Trading Time
End Trading Time
Take Profit
StopLoss
One Trade Per Day
One Open Trade Only
Profit Limit Per Day
Loss Limit Per Day
Trade Monday
Trade Friday
Reverse Trade

It takes less than 5 mins to setup the expert advisor with the metatrader platform.

4. Honest Result

Key Ratios For Comparison

1. Max Draw-down
2. Max Consecutive Loss
3. Winning Trade (%)

Compare these ratios with the analysis and researched done by FxEAReview Team.

Back Test Result

Click Here to Download the Backtests

Forward Test Result

USD/CHF

USD/CAD

EUR/CHF

GBP/USD

EUR/USD longterm strategy

5. Other Features
Stealth
Broker will not be informed of the true take profit and stop loss level and this will reduce the effect of broker manipulation.

6. Weaknesses (If Any)

Strategy Highly Spread Dependent

Work with certain brokers only. Eg FXCBS and Iamfx

Back test results may differ from live tests as high spreads issue is usually not accounted for in demo and back-test results.

Recently, the most profitable pair Eur/Gbp closed many trades with a loss.

Reactivation of License (Limited to 1 LIVE account) needs the closure of Authenticated Account

Problem arises when the live account you traded with Fapturbo may be also traded with other strategies and changing brokers for fapturbo trading will require that you show the proof of closing your existing account before you get a new license code.

One way to avoid closing your account is to buy a new license.

7. Support

Support will reply to you in less than 2 days. Fapturbo has been updated every 2 months. Has its own forum and community.

Summary

Our team stopped trading this system because we could not find a broker that can provide us with the valid spread conditions. Until we find one, we will notify you here. Currently, we do not recommend that you buy this system. We learnt from fapturbo team and Mark from Forex-tester.com that fapturbo works with iamfx and fxcbs brokers. We will update you when we trade live again.

Rating

7/10

Warren Seah

Update

9 April 2010 Update:

Fapturbo has introduced a new pair GBP/USD in Fapturbo 50 which looks promising in the 5 year backtest having 21% drawdown. They also introduced new settings for pairs: EUR/CHF and USD/CAD.

Currently the spread issue with Fapturbo is getting lesser, and with the introduction of a new pair, we will be doing demo testing on default settings first. Look out for new updates for demo  forward testing results.

Click Here to Download the GBP/USD Backtest

7th November 2009 Update:

Fapturbo team has released a new tradeable pair with fapturbo strategy. Now it can be traded with Usd/Chf currency pair. Our team will start testing and results will be posted soon.

1st January 2010 Update

Due to technical problems faced during the later part of 2009, the forward test account on Fapturbo had to be changed to the current ones showing here. The data gotten from the early part of 2009 had been lost and we had to start new forward test accounts to test Fapturbo. We are currently using iamfx broker to trade. So far the accounts have been in action for 1 month and the results are pretty ok. Other than USD/CHF which reported a loss at the end of Dec 09, the other 2 pairs are with gains of 6% and 3% respectively on default settings. This is the only Forward test account where we have traded through the holiday season to see how Fapturbo performs. Spread issue is still a problem but surprising we still could get trades ongoing. Fapturbo is still considered one of the best we have encountered so far if we find a solution to the spread issue. We hope to see that Fapturbo will have an improved performance in 2010.

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At the same time, providing you with enough information to decide whether this unique Megadroid strategy is for you.

Review Updated : 1st January 2010

Broker Platform : Metatrader 4 (Work on both 4th and 5th decimal digit brokers)

Back-test and Forward Test Generated : Alpari UK

Price : $39.95 (ebook only)

Refundable: No

Pair: EUR/USD 1hr chart

Why Advanced Droid Tactics?

Megadroid setup

-trades in a specific time period (Asia session)

-lesser trades though high probability

-therefore lesser pips earn

-due to flexible spreads opted by many brokers, high spreads occur mostly during Asia hours for Eur/Usd

ADT setup by Benjamin Cook

-increases the number of trades by introducing several time periods for Megadroid to trade

-can have possibility of earning more pips

-able to compensate for the high spreads time period that Megadroid unable to trade in

-more exposure to market swings as this strategy allows one to trade beyond the Megadroid default time period

Introduction to ADT

What makes ADT different from Megadroid is that it introduces 4 charts with different gmt settings and trading parameters that allows ADT strategy to trade more than Megadroid default settings.

Initially the author has introduced 3 different ADT strategies to trade with Megadroid but due to some testing on his own, he decided to only recommend one of the strategies, the ADT overlap setup, which will be what we are going to focus on.

For the ADT strategy, the reference number is the key in trading with Megadroid. The reference numbers allow the Megadroid to identify it’s opened trades and which trades belong to which strategy (S1 or S2). Therefore, management for opened trades can be monitored by the expert adviser.

In the ADT overlap setup, the difference in reference number in the 4 respective charts will allow Strategy 1 (S1 – original strategy) and Strategy 2 (S2 – aggressive strategy) strategies to trade independently from the other charts ( i.e Chart 1 will have exclusive reference numbers only in this chart, Chart 2 will have another set of exclusive reference numbers in this chart and so on.). Thus, allowing many trades to be opened at the same time.

This will result in more trades than the original Megadroid setting. There might be also hedged entries where the pair can have both buy and sell orders opened due to the nature of the ADT overlap setup where the reference number plays a part.

1. Money Management

Yes there is money management involve where you specify the amount to risk for each trade as the EA you will be using is still Megadroid. Though the risk settings are recommended by the author due to his research for the ADT overlap setup.

2. Draw-down

For draw-down, the author has come up with a risk table with various draw-down values that gives a set of risk settings for the individual charts in the ADT overlap setup.

The table is concise and is updated quite often due to the ongoing research done by the author. This reflects the relevancy of the table to the existing market conditions. There is one thing about the risk table that we think could be improve on if the author could based on a larger sample size of his history data to determine his risk table.

3. Ease of use

Using the same Megadroid EA, the settings you have to configure are the 4 individual chart setups which is easy and shown clearly in his ebook together with his trade settings. One thing that traders might be confused is the configuration of  reference numbers in ADT setup so be sure to read the instructions in the manual carefully. For more explanation on the Megadroid parameters, you will have to refer to the Megadriod EA manual.

4. Honest Result

As the author frequently updates his risk settings for various draw-down levels, it is hard to compare using back-test results with the forward test results. Though we can still show you our own back-test and forward test result, but you have to take into consideration that we have followed the recommended settings by the author which is updated frequently.

Click Here for Backtest Result

Click Here for Forward Test (Forward Test to be linked soon)

Forward Test Result

5. Weaknesses

As the ADT setup involves entering trades beyond the original Megadroid strategy, there will be risk involve as you will be more exposed to volatile market swings when the Asia session is nearing to the end.

Another is the risk table showing the various draw-down values with risk settings. We do not feel comfortable with the recommended risk settings by the author although he has done his research and testing on his part. With risk settings stated more than what we suggest to novice traders to start off with (2% per trade, 10% of the account equity per month), it is advisable for the novice trader to know what is the amount of risk he/she is able to take per trade. The table done by the author is there to assist you in making your decisions and serves as a gauge(max limit) to customizing your risk setting, it is absolutely not the “best” setting that one should follow.

Back-testing on his strategy requires some effort and time as it consists of 4 charts. It requires user’s due diligence to verify the hypothetical performance (as stated in author’s ebook) by forward testing.

ADT Overlap Setup can only be used with brokers that allowed Hedged Positions.

6. Support

Has a member area where all his latest updates are.

Forum for discussion and email support which replies back within 48hrs. His update on the ADT setup is at least done once a month.

Summary

This ADT setup is an optimization method done by Benjamin R Cook who has no affiliation to the Megadroid team. This ADT setup is meant to at least double your trades on your existing Megadroid EA and therefore may at least double your pips earned as well without exposing yourself to too much risk.

As the author does quite often updates his ADT setup, it shows that he is putting in effort to bring you the latest and relevant findings of his own to help support your decision.

Although the research is done by the author in optimizing the current Megadroid EA strategy, you should only take reference on what he did. Prior to any strategy being used on live accounts, you should do your due diligence in back-testing and forward test it on demo account before going on to live account and that your results might vary. This ADT setup will require one to potentially have many trades opened at any one time (mostly 2 trades at a time), so the trader will done his homework in determining the worst possible draw-down he can go up to.

Update: From many of the brokers we know, they are employing flexible spreads, meaning that there might be higher spreads during the early hours of the Asia market, therefore making the default Megadroid EA setup not be able to trade due to high spreads. This is where the ADT setup helps in increasing the number of trades in other time periods of the Asia session where spreads for EUR/USD will be more stable but the trades will be more exposed to market swings.

We think that for any Megadriod users it will be a good investment to make to explore other ways to make Megadriod even more profitable.

Rating:

7/10

Regards,

Charlie Ng

Update

1st January 2010 Update

During the festive season, we did not trade. With the introduction of the ADT strategy using the Megadriod EA, we are observing twice the number of trades being made rather than just relying on Megadriod setup alone. Since using ADT also means using Megadriod, the high spread issue could not be avoided. But ADT makes up for it by entering trades at different timing from the stipulated timing by Megadriod setup. Therefore, profits can still be reaped but with higher risk involved. As the author for the ADT did not have any new updates lately, we could not provide any latest updates regarding to any changes made. We hope to expect changes soon sometime around late January from him. ADT will be one of the strategies we will be looking closely upon in the upcoming months to further improve the performance of the currently consistent Megadriod setup.

Update 23th Nov 2009: Conservative settings are used trading this strategy and we are trading with 2 charts using advanced droid tactics strategy.

So means to say that there is no definitive conclusion whether the current setting is the best one. But one thing is for sure is that, we can take notice of the number of trades and the draw-down level on whether they are comparable to what the author has researched and tested on.

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