Metatrader expert advisors dissected.
Steady Winner live forward test
Trading style: trades around the clock, follows the trend, uses a trailing stop, sets relatively low stop loss & take profit values (SL 110, TP 55, TS 22), most of the time closes before SL or TP is hit.
Currency pairs: EURUSD
Timeframe: H1
Expert Advisor price: $88
NFA compliance: full (one trade at a time)
Refund policy: unconditional 30 days after the purchase, possible up to 60 days
Read more at the Steady Winner website
Buy Steady Winner
Note: A Steady Winner trial version is available. It can even be traded on live accounts, but it has a fixed lotsize of 0.01/0.02 (and consequently will not run on brokers with a min lot of 0.1 or above).
Birt’s forward test
Settings: default, PercentToRisk = 5.0 (as suggested by the author)
Started: 07.08.2011
Broker: PrivateFx
Account type: live
Starting balance: $300
Backtests
Steady Winner v5.0 EURUSD 1999-2011 backtest, history center data, spread 1.5, risk 5
| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 1 Hour (H1) 1999.01.08 19:00 - 2011.12.14 23:00 | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | NoteRisk="Trade Lot Risk %: 0.50 - 6.00"; PercentToRisk=5; NoteScale="Test Lot Scaling: 0.00 - 1.00"; TestLotScale=0; NoteSpread="Max Spreads: 2.0 - 4.0"; MaxSpread=4; NoteFri="Trade after Friday Cut Hour"; TradeLateFri=false; FridayCutHour=15; NoteDec="Trade on December Cut Date (15)"; TradeLateDec=false; NoteBroker="Broker Friendly Settings"; PipStepping=false; FXOpenECN=false; NoteEA="Magic No.& Comments, pls change it"; MagicNo=338833; CommentTxt="SW-V5"; | ||||
| Bars in test | 75812 | Ticks modelled | 51996511 | Modelling quality | 89.88% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 1000.00 | ||||
| Total net profit | 20961.14 | Gross profit | 30735.30 | Gross loss | -9774.16 |
| Profit factor | 3.14 | Expected payoff | 14.99 | ||
| Absolute drawdown | 108.69 | Maximal drawdown | 1639.27 (7.06%) | Relative drawdown | 15.41% (162.32) |
| Total trades | 1398 | Short positions (won %) | 677 (81.98%) | Long positions (won %) | 721 (84.19%) |
| Profit trades (% of total) | 1162 (83.12%) | Loss trades (% of total) | 236 (16.88%) | ||
| Largest | profit trade | 555.35 | loss trade | -1155.83 | |
| Average | profit trade | 26.45 | loss trade | -41.42 | |
| Maximum | consecutive wins (profit in money) | 30 (162.20) | consecutive losses (loss in money) | 5 (-84.19) | |
| Maximal | consecutive profit (count of wins) | 2025.23 (15) | consecutive loss (count of losses) | -1155.83 (1) | |
| Average | consecutive wins | 6 | consecutive losses | 1 | |
Steady Winner v5.0 EURUSD 2007-2011 backtest, tick data, real spread, risk 5
| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 1 Hour (H1) 2007.03.30 16:01 - 2011.12.16 12:59 | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | NoteRisk="Trade Lot Risk %: 0.50 - 6.00"; PercentToRisk=5; NoteScale="Test Lot Scaling: 0.00 - 1.00"; TestLotScale=0; NoteSpread="Max Spreads: 2.0 - 4.0"; MaxSpread=4; NoteFri="Trade after Friday Cut Hour"; TradeLateFri=false; FridayCutHour=15; NoteDec="Trade on December Cut Date (15)"; TradeLateDec=false; NoteBroker="Broker Friendly Settings"; PipStepping=false; FXOpenECN=false; NoteEA="Magic No.& Comments, pls change it"; MagicNo=338833; CommentTxt="SW-V5"; | ||||
| Bars in test | 29442 | Ticks modelled | 65489901 | Modelling quality | 99.00% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 1000.00 | ||||
| Total net profit | 3745.66 | Gross profit | 5417.63 | Gross loss | -1671.97 |
| Profit factor | 3.24 | Expected payoff | 6.38 | ||
| Absolute drawdown | 12.61 | Maximal drawdown | 449.90 (10.32%) | Relative drawdown | 10.32% (449.90) |
| Total trades | 587 | Short positions (won %) | 266 (85.71%) | Long positions (won %) | 321 (89.72%) |
| Profit trades (% of total) | 516 (87.90%) | Loss trades (% of total) | 71 (12.10%) | ||
| Largest | profit trade | 113.85 | loss trade | -218.92 | |
| Average | profit trade | 10.50 | loss trade | -23.55 | |
| Maximum | consecutive wins (profit in money) | 48 (632.31) | consecutive losses (loss in money) | 5 (-20.14) | |
| Maximal | consecutive profit (count of wins) | 632.31 (48) | consecutive loss (count of losses) | -220.02 (2) | |
| Average | consecutive wins | 9 | consecutive losses | 1 | |
- #3 written by Chris September 25, 2011 (7 months ago)
I want to record that my contact with the author of Steady Winner was positive. I emailed him to point out that info linked to in his section “How to backtest properly” was out of date. The author replied constructively within 24 hours and he has since updated the section.
Regards,
Chris.
PS I havent used the EA itself yet but I intend to try out the free version.
- #4 written by Caal December 16, 2011 (5 months ago)
Hi Birt,
I was wondering if you could do a backtest of this robot. For some reason, whatever I try, it does not trade before 2010-07. It creates slight suspicion that it has been curvefitted. Not saying it is, as I’m not that much of an expert, but I hope that you, as an expert, could take a look
Cheers,
Caal
- #5 written by birt December 16, 2011 (5 months ago)
Actually, I was going to do that 3 weeks ago but I forgot. Thanks for reminding me.
The author also supplied the source code, I’ve looked inside and there’s no trace of curve fitting that I can see. I started a history center data backtest and it trades just fine even in 1999. I’ll finalize it, make a tick data backtest as well and post both of them here tomorrow.
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hey Birt,
wich version are you using, 5.0 or another one?