When a breakout is detected the EA opens up to ten positions (default setting) in a time distance of five minutes in the direction of the trend. Open positions are protected by a stop loss limit as well as a trailing stop. However, there are several scenarios where trades might be closed early, e.g. if a reversal is looming ahead or the trade has reached a certain age.
Initial take profit and stop loss limits as well as other crucial trading parameters are not calculated by the EA but provided from the developers' web server. These data are automatically updated and downloaded by the EA. The current values for the initial take profit and stop loss limits are 250 pips and 35 pips, respectively.
Forex Trend Detector provides a money management and the option to trade fixed lots. The money management can also be combined with a recovery function that - when a loss occurs - increases the lot size of subsequent trades by a set multiplier.
Based on the backtests, Forex Trend Detector achieves a risk-reward-ratio of about 1:1.7 which combined with a hit ratio of about 60% represents quite a good value.
A Monte-Carlo-Simulation, based on backtests, with a lot size of 0.05, a starting balance of EUR 1,000 and 100,000 iterations shows the following results for expected profits, expected drawdowns and the derived value at risk. Here the value at risk is expressed as the drawdown which is expected with a probability of 95% and 99% respectively not to be exceeded.
|Period||Profit||Drawdown||Value at Risk|
|2009 - 2015||14,852.04||9,319.36||12,076.31||23.41%||0.44%||2.31%||6.70%||10.13%|
Volatility breakout strategy.
00:00 - 24:00 GMT
Standard licence USD 237.
Payment through Clickbank or Avangate.
Voucher for a 20% discount: 9163A3D4CF (only available through Avangate).
The developers grant an unrestricted right to return within 60 days of purchase which will be paid back through Clickbank or Avangate.
The licence is valid for one live and two demo accounts, additional licences can be purchased at a discount. The licence can be managed in the members area of the developers' website.
A 26-pages manual explains in detail the installation and set up of Forex Trend Detector, the input parameters and their impact.
The performance of Forex Trend Detector is demonstrated, as follows, on an exclusive Darwinex live account as well as on a live account of the developers.
Forex Trend Detector backtests for the period 2009 - 2015 are shown below.
spread: 2 pips, risk: 1%
spread: 2 pips, risk: 1%, recovery factor: 1.05
spread: 2 pips, lots: 0.05
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