Trading style: uses a neural network to enter the market when a trend is identified. Its positions have a stop loss, take profit and trailing stop calculated based on the volatility (the default settings don’t include a TP; the positions are closed by the trailing stop).
Currency pairs: pretrained for EURUSD and USDCHF but it can be trained for any other pair
Timeframe: pretrained for H1; it can also be trained for other timeframes
Price: €199
License: currently not limited
NFA compliance: yes (with MaxOrders set to 1, the default setting)
Refund policy: 60 days
Read more at the NeoTradEx website

Buy NeoTradEx

Note: this is an EA that is based on a neural network. Generally, neural networks have to be trained to obtain good results and NeoTradEx comes pretrained for H1 EURUSD, USDCHF, EURJPY, EURGBP and USDJPY. The robot also caters to those who like to fiddle with stuff and the user has the option to train the neural network on his own. See the user guide on the NeoTradEx website for more info on that and the theory & mechanism behind it.

Birt’s forward test

Settings: default (using the provided set files with Fixed off and Capital 0.05)
Started: 09.04.2012
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Current version: 1.5
Currency pairs: EURUSD, other pairs removed temporarily due to some issues.
Note: the account is using the neural network with the training files supplied by the vendor (available out of the box). The first three trades were taken with the Fixed parameter set to false and the Capital parameter set to 0.1 so they had a rather high lot size; that seemed too risky so the next 6 trades were executed with Fixed enabled and a lot size of 0.1; I finally decided to run it with Fixed off and Capital 0.05 because I wanted to take advantage of the fact that the EA risks a fixed percent of the available capital – this setting was chosen based on the drawdown exhibited in the backtest results starting from mid 2010.

NeoTradEx live forward test

Official account

Settings: unspecified
Started: 02.05.2012
Broker: Alpari UK
Account type: real
Initial balance: $529
Currency pairs: EURUSD

NeoTradEx official Alpari UK live account

Backtests

I’m stressing this a bit more: please bear in mind that this is a neural network EA and it is trained on past data because… well, that’s the only way to do it. This means that the backtests are somewhat meaningless since the EA is already prepared to deal with that data. Nonetheless, I ran a few backtests for those interested and as you will see below, it’s evident that the neural network was trained on the past couple of years. As a side note, I’ve followed the vendor’s forward test for a while before starting this one to ensure that its live performance matches the one seen in the past couple of years from the backtests.

All the backtests were performed using Dukascopy tick data with variable spread.

NeoTradEx v1.4 EURUSD H1 2007 2012 tick data backtest, real spread, default settings (Fixed on)

NeoTradEx v1.4 EURUSD H1 2007 2012 tick data backtest, real spread, default settings (Fixed on)

Show backtest summary »

SymbolEURUSD (Euro vs US Dollar)
Period1 Hour (H1) 2007.03.30 16:01 - 2012.03.26 12:59 (2007.04.10 - 1970.01.01)
ModelEvery tick (the most precise method based on all available least timeframes)
Parameterslearn=false; Verbosity=0; Depth=10000; ValidationLength=200; DeltaOpen=0.8; DeltaStop=2; VolatilityStop=96; VolatilityTake=0; VolatilityTrail=2; Fixed=true; Capital=0.1; Lots=0.1; MaxOrders=1; MaxTraining=100000; StopMSE=0;
Bars in test31157Ticks modelled71124282Modelling quality99.00%
Mismatched charts errors0
Initial deposit1000.00
Total net profit2283.88Gross profit5358.95Gross loss-3075.07
Profit factor1.74Expected payoff1.31
Absolute drawdown435.22Maximal drawdown447.96 (44.23%)Relative drawdown44.23% (447.96)
Total trades1747Short positions (won %)906 (86.09%)Long positions (won %)841 (89.77%)
Profit trades (% of total)1535 (87.86%)Loss trades (% of total)212 (12.14%)
Largestprofit trade35.78loss trade-41.96
Averageprofit trade3.49loss trade-14.51
Maximumconsecutive wins (profit in money)149 (573.55)consecutive losses (loss in money)5 (-49.83)
Maximalconsecutive profit (count of wins)573.55 (149)consecutive loss (count of losses)-83.43 (2)
Averageconsecutive wins9consecutive losses1

NeoTradEx v1.4 EURUSD H1 2007 2012 tick data backtest, real spread, default settings, Fixed off, Capital 0.01

NeoTradEx v1.4 EURUSD H1 2007 2012 tick data backtest, real spread, default settings, Fixed off, Capital 0.01

Show backtest summary »

SymbolEURUSD (Euro vs US Dollar)
Period1 Hour (H1) 2007.03.30 16:01 - 2012.03.26 12:59 (2007.04.10 - 1970.01.01)
ModelEvery tick (the most precise method based on all available least timeframes)
Parameterslearn=false; Verbosity=0; Depth=10000; ValidationLength=200; DeltaOpen=0.8; DeltaStop=2; VolatilityStop=96; VolatilityTake=0; VolatilityTrail=2; Fixed=false; Capital=0.01; Lots=0.1; MaxOrders=1; MaxTraining=100000; StopMSE=0;
Bars in test31157Ticks modelled71124282Modelling quality99.00%
Mismatched charts errors0
Initial deposit1000.00
Total net profit3218.55Gross profit5415.02Gross loss-2196.47
Profit factor2.47Expected payoff1.84
Absolute drawdown205.96Maximal drawdown213.06 (21.16%)Relative drawdown21.16% (213.06)
Total trades1749Short positions (won %)909 (86.14%)Long positions (won %)840 (89.76%)
Profit trades (% of total)1537 (87.88%)Loss trades (% of total)212 (12.12%)
Largestprofit trade49.53loss trade-44.13
Averageprofit trade3.52loss trade-10.36
Maximumconsecutive wins (profit in money)149 (678.51)consecutive losses (loss in money)5 (-43.79)
Maximalconsecutive profit (count of wins)1130.02 (138)consecutive loss (count of losses)-72.89 (3)
Averageconsecutive wins9consecutive losses1

NeoTradEx v1.4 EURUSD H1 2007 2012 tick data backtest, real spread, default settings, Fixed off, Capital 0.1

NeoTradEx v1.4 EURUSD H1 2007 2012 tick data backtest, real spread, default settings, Fixed off, Capital 0.1

Show backtest summary »

SymbolEURUSD (Euro vs US Dollar)
Period1 Hour (H1) 2007.03.30 16:01 - 2012.03.26 12:59 (2007.04.10 - 1970.01.01)
ModelEvery tick (the most precise method based on all available least timeframes)
Parameterslearn=false; Verbosity=0; Depth=10000; ValidationLength=200; DeltaOpen=0.8; DeltaStop=2; VolatilityStop=96; VolatilityTake=0; VolatilityTrail=2; Fixed=false; Capital=0.1; Lots=0.1; MaxOrders=1; MaxTraining=100000; StopMSE=0;
Bars in test31157Ticks modelled71124282Modelling quality99.00%
Mismatched charts errors0
Initial deposit1000.00
Total net profit18547722.54Gross profit22323392.36Gross loss-3775669.81
Profit factor5.91Expected payoff11621.38
Absolute drawdown955.02Maximal drawdown1494983.42 (14.72%)Relative drawdown95.65% (988.06)
Total trades1596Short positions (won %)835 (85.27%)Long positions (won %)761 (88.96%)
Profit trades (% of total)1389 (87.03%)Loss trades (% of total)207 (12.97%)
Largestprofit trade1460666.16loss trade-1014488.74
Averageprofit trade16071.56loss trade-18239.95
Maximumconsecutive wins (profit in money)149 (507427.11)consecutive losses (loss in money)5 (-42.55)
Maximalconsecutive profit (count of wins)9586560.40 (29)consecutive loss (count of losses)-1014488.74 (1)
Averageconsecutive wins8consecutive losses1

NeoTradEx v1.4 USDCHF H1 2007 2012 tick data backtest, real spread, default settings (Fixed on)

NeoTradEx v1.4 USDCHF H1 2007 2012 tick data backtest, real spread, default settings (Fixed on)

Show backtest summary »

SymbolUSDCHF (US Dollar vs Swiss Franc)
Period1 Hour (H1) 2007.03.30 16:01 - 2012.03.26 12:59 (2007.04.10 - 1970.01.01)
ModelEvery tick (the most precise method based on all available least timeframes)
Parameterslearn=false; Verbosity=0; Depth=10000; ValidationLength=200; DeltaOpen=0.8; DeltaStop=2; VolatilityStop=96; VolatilityTake=0; VolatilityTrail=2; Fixed=true; Capital=0.1; Lots=0.1; MaxOrders=1; MaxTraining=100000; StopMSE=0;
Bars in test31143Ticks modelled55473743Modelling quality99.00%
Mismatched charts errors0
Initial deposit1000.00
Total net profit1271.66Gross profit3492.12Gross loss-2220.46
Profit factor1.57Expected payoff0.83
Absolute drawdown178.96Maximal drawdown335.25 (28.99%)Relative drawdown28.99% (335.25)
Total trades1529Short positions (won %)802 (88.15%)Long positions (won %)727 (86.52%)
Profit trades (% of total)1336 (87.38%)Loss trades (% of total)193 (12.62%)
Largestprofit trade21.75loss trade-33.80
Averageprofit trade2.61loss trade-11.50
Maximumconsecutive wins (profit in money)93 (221.67)consecutive losses (loss in money)3 (-75.99)
Maximalconsecutive profit (count of wins)231.80 (61)consecutive loss (count of losses)-75.99 (3)
Averageconsecutive wins8consecutive losses1

NeoTradEx v1.4 USDCHF H1 2007 2012 tick data backtest, real spread, default settings, Fixed off, Capital 0.01

NeoTradEx v1.4 USDCHF H1 2007 2012 tick data backtest, real spread, default settings, Fixed off, Capital 0.01

Show backtest summary »

SymbolUSDCHF (US Dollar vs Swiss Franc)
Period1 Hour (H1) 2007.03.30 16:01 - 2012.03.26 12:59 (2007.04.10 - 1970.01.01)
ModelEvery tick (the most precise method based on all available least timeframes)
Parameterslearn=false; Verbosity=0; Depth=10000; ValidationLength=200; DeltaOpen=0.8; DeltaStop=2; VolatilityStop=96; VolatilityTake=0; VolatilityTrail=2; Fixed=false; Capital=0.01; Lots=0.1; MaxOrders=1; MaxTraining=100000; StopMSE=0;
Bars in test31143Ticks modelled55473743Modelling quality99.00%
Mismatched charts errors0
Initial deposit1000.00
Total net profit2571.63Gross profit4956.43Gross loss-2384.80
Profit factor2.08Expected payoff1.68
Absolute drawdown62.34Maximal drawdown230.25 (19.71%)Relative drawdown19.71% (230.25)
Total trades1529Short positions (won %)802 (88.15%)Long positions (won %)727 (86.38%)
Profit trades (% of total)1335 (87.31%)Loss trades (% of total)194 (12.69%)
Largestprofit trade38.17loss trade-37.44
Averageprofit trade3.71loss trade-12.29
Maximumconsecutive wins (profit in money)91 (285.54)consecutive losses (loss in money)3 (-32.75)
Maximalconsecutive profit (count of wins)579.04 (72)consecutive loss (count of losses)-43.27 (2)
Averageconsecutive wins8consecutive losses1

NeoTradEx v1.4 USDCHF H1 2007 2012 tick data backtest, real spread, default settings, Fixed off, Capital 0.1

NeoTradEx v1.4 USDCHF H1 2007 2012 tick data backtest, real spread, default settings, Fixed off, Capital 0.1

Show backtest summary »

SymbolUSDCHF (US Dollar vs Swiss Franc)
Period1 Hour (H1) 2007.03.30 16:01 - 2012.03.26 12:59 (2007.04.10 - 1970.01.01)
ModelEvery tick (the most precise method based on all available least timeframes)
Parameterslearn=false; Verbosity=0; Depth=10000; ValidationLength=200; DeltaOpen=0.8; DeltaStop=2; VolatilityStop=96; VolatilityTake=0; VolatilityTrail=2; Fixed=false; Capital=0.1; Lots=0.1; MaxOrders=1; MaxTraining=100000; StopMSE=0;
Bars in test31143Ticks modelled55473743Modelling quality99.00%
Mismatched charts errors0
Initial deposit1000.00
Total net profit11871491.80Gross profit13159207.02Gross loss-1287715.22
Profit factor10.22Expected payoff8301.74
Absolute drawdown742.27Maximal drawdown941885.63 (9.12%)Relative drawdown91.89% (2920.84)
Total trades1430Short positions (won %)749 (87.45%)Long positions (won %)681 (85.90%)
Profit trades (% of total)1240 (86.71%)Loss trades (% of total)190 (13.29%)
Largestprofit trade910621.32loss trade-412938.23
Averageprofit trade10612.26loss trade-6777.45
Maximumconsecutive wins (profit in money)93 (20197.60)consecutive losses (loss in money)3 (-389.28)
Maximalconsecutive profit (count of wins)8167664.89 (38)consecutive loss (count of losses)-412938.23 (1)
Averageconsecutive wins8consecutive losses1