Forex Germany

Expert Advisors - IndEX EA

IndEX EA drives trading signals based on the relative strength of a currency compared to other currencies.

For this purpose the EA calculates a strength index for EUR, USD, GBP, JPY and CHF taking into account ten different currency pairs. Based on the indices trading signals for the combination of these currencies are generated, however, not all potential currency pairs are actually tradable. The idea is to filter out the price action of the single currency pair by using the aggregated data of the indices to only trade significant price movements.

IndEX EA uses a take profit limit of 600 pips and a stop loss limit of 100 pips. Positions are often closed before these limits are reached. Based on the backtests the risk-reward-ratio is about 1:1.3 with a hit ratio of 45%.

The EA comes with a money management and can also be trade with a fixed lot size.

A Monte-Carlo-Simulation, based on backtests (2009-2018), with a lot size of 0.10, a starting balance of EUR 5,000 and 100,000 iterations, shows the following results regarding 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
max min Ø max min Ø 95% 99%
All 20,734.40 1,286.72 11,074.47 54.43% 2.13% 10.47% 20.23% 26.93%
EURJPY 6,139.20 -3,308.98 1,184.87 74.83% 3.10% 16.70% 31.54% 41.80%
GBPJPY 16,169.26 -1,339.44 7,570.06 69.75% 1.84% 9.94% 18.33% 24.06%
USDJPY 7,049.98 -2,608.24 2,304.20 58.80% 2.30% 11.44% 20.37% 27.05%

Based on the stop loss limit, the underlying strategy and the cost of the EA the starting balance should not be below 5,000.00 EUR.

Trading strategy

Short term trend following based on relative strength.

Currency pairs

EURJPY, GBPJPY, USDJPY

Chart

H1

Trading hours

All sessions.
00:00 - 24:00 GMT

Price

Subscription: USD 540 per year. Payment through Avangate.
Voucher for a 25% discount: E1171DFD56

Return policy

The developers grant an unrestricted right to return within 30 days of purchase which will be paid back through Avangate.

Licence

The licence is valid for one live or demo account and includes support and updates for one year. Account numbers have to be registered with support to activate trading.

Manual

A brief online manual is available after purchase, explaining the installation and set up of IndEX EA as well as the input parameters.

Links

IndEX EA Homepage

Buy IndEX EA annual subscription

Live performance

The performance of IndEX EA is demonstrated, as follows, on an exclusive FXPIG Live account, running on a Commercial Network Services VPS.



Backtesting

IndEX EA backtests for the period 2009 - 2018 are shown below. The backtests were run using Dukascopy live spreads which are known to be on par with other brokers.


EURJPY, spread: Dukascopy live spread, lots: 0.10

IndEX EA - Backtesting EURJPY 2009 - 2018


EURJPY, spread: Dukascopy live spread, risk: 2.0

IndEX EA - Backtesting EURJPY 2009 - 2018


GBPJPY, spread: Dukascopy live spread, lots: 0.10

IndEX EA - Backtesting GBPJPY 2009 - 2018


GBPJPY, spread: Dukascopy live spread, risk: 2.0

IndEX EA - Backtesting GBPJPY 2009 - 2018


USDJPY, spread: Dukascopy live spread, lots: 0.10

IndEX EA - Backtesting USDJPY 2009 - 2018


USDJPY, spread: Dukascopy live spread, risk: 2.0

IndEX EA - Backtesting USDJPY 2009 - 2018
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