Forex Germany

Expert Advisors - H-ESpider

H-ESpider an Expert Advisor with a long-term outlook, based on personal research according to the developer. The EA aims to recognize price corrections of medium to long-term trends as well as trend changes in sideways moving markets through the usage of harmonic impulse waves.

H-ESpider exclusively applies the price for the generation of trading signals and does not involve any indicators at all. The EA creates stop orders which are either triggered if the predicted rate movement occurs within the given time period or which are cancelled upon expiry of the time period set. Stop loss limits and take profit limits are calculated on a dynamic basis and will be additionally protected by maximum values. H-ESpider comes with a money management system. All trading parameters can be freely configured and may deviate from the developer's recommendations.

Based on backtests, the risk reward ratio ranges around 1:1.5 which is a respectable value for an EA with a long-term orientation. However, it also becomes apparent that the H-ESpider has been showing a positive performance only starting from mid 2010, and even then periods of losses - sometimes lasting for several months - may occur.

A backtest based Monte-Carlo-Simulation (2009-2012) shows a potential profit ranging between EUR -881.76 and EUR 94,364.59 with an average of EUR 5,278.06 for default settings with a risk of 5%, a starting balance of EUR 1,000 and 100,000 iterations. In this case, the drawdown to be expected will range between 6.11% and 86.65% with an average of 30.06%. The Value At Risk derived indicates that future drawdowns will not exceed 51.08% at a probability of 95% and 60.09% at a probability of 99%.

Trading strategy

Retracement strategy

Currency pairs




Trading hours

All sessions.
00:00 - 24:00 GMT


USD 250 for the first year, USD 50 for the following years.
Payment through RegNow.
Sales are currently closed.

Return policy

The developer grants an unrestricted right to return within 30 days of purchase which will be paid back through RegNow.


The licence is valid for three live and three demo accounts and includes support and updates.


An online manual explaining the installation and set up of H-ESpider is available after purchase.


H-ESpider Homepage

Buy H-ESpider

Live performance

The performance of H-ESpider is demonstrated, as follows, on an exclusive IC Markets ECN Live account.


H-ESpider backtests for the period 2009 - 2012 are shown below.

spread: 2 pips, risk: 5%

H-ESpider - Backtesting 2009 - 2012

spread: 2 pips, lots: 0.1

H-ESpider - Backtesting 2009 - 2012

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