Forex Germany

Expert Advisors - Forex Spectre

Forex Spectre is an Expert Advisor trading three similar but still different strategies. More details regarding this strategies are not known.

The three strategies act independently from each other, meaning it is possible that one strategy opens a long trade while a short trade opened by another strategy is still open. In case the EA considers an entry signal to be more promising the lot size is automatically doubled.

Forex Spectre comes with a money management and the ability to individually deactivate the trading strategies. The EA also allows to assign just a certain part of the account balance to it so that the remaining balance can be used by other EAs. Hedging can be disabled.

Based on backtests, the risk reward ratio ranges around 1:1 which at first glance looks like a very good value, however, the hit ratio reaches just 55%. Taking into account the high trading frequency of about 800 trades per year this should still be sufficient to generate profits in the midterm; nevertheless, longer sideward movements have to be expected. On a short-term basis drawdown periods can't be avoided.

A backtest based Monte-Carlo-Simulation (2009-2013) with a lot size of 0.10, a starting balance of EUR 5.000 and 100.000 iterations shows the following results for expected profits, expected drawdowns and the derived value at risk. The value at risk is shown as the drawdown, which is expected not to be exceeded with a probability of 95% and 99%, respectively.

Strategy Profit Drawdown Value at Risk
max min Ø max min Ø 95% 99%
All 29,601.20 6,437.84 17,555.97 52.23% 1.59% 8.03% 16.90% 22.71%
s1 12,946.00 -359.05 6,080.92 42.88% 2.01% 9.41% 16.72% 21.86%
s2 9,318.20 -3,287.64 2,980.22 84.30% 3.00% 14.49% 26.57% 35.23%
s3 16,512.65 -104.95 8,464.98 54.68% 2.15% 9.99% 18.50% 24.50%

Trading strategy

Trend follower

Currency pairs




Trading hours

All sessions.
00:00 - 24:00 GMT


USD 195.
Payment through Avangate.
Voucher for a 10% discount: D941905C30

Return policy

The developer grants a right to return within 30 days of purchase provided a feasible reason is given. The refund will be paid back through Avangate.


The licence is valid for one live or demo account and includes support and updates. To activate the licence, a hardware key has to be generated with a software tool provided after purchase. Both, the key and the account number have to be communicated to the support team which will in return provide an installation package for each account.


A 4-pages manual explains the installation and set up of Forex Spectre.


Forex Spectre Homepage

Buy Forex Spectre

Live performance

The performance of Forex Spectre is demonstrated, as follows, on an exclusive Armada Markets ECN Live account. The second chart shows a Live Account of the developers.


Forex Spectre backtests for the period 2009 - 2013 are shown below.

EURUSD, years 2009 - 2013, spread: 2 pips, lots: 0.10

Forex Spectre - Backtesting 2009 - 2013

EURUSD, strategy 1, years 2009 - 2013, spread: 2 pips, lots: 0.10

Forex Spectre s1 - Backtesting 2009 - 2013

EURUSD, strategy 2, years 2009 - 2013, spread: 2 pips, lots: 0.10

Forex Spectre s2 - Backtesting 2009 - 2013

EURUSD, strategy 3, years 2009 - 2013, spread: 2 pips, lots: 0.10

Forex Spectre s3 - Backtesting 2009 - 2013

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