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I’m going to try to set up most of my forward tests with a typical entry-level capital of 5000 or 10000 USD and with a 1:100 leverage. I’m mostly using JadeFX for testing because they used to be my live broker. Do NOT consider this as a recommendation, it’s simply my choice. As a side note, when I’ll have to choose again, I’ll probably choose a different broker, one that has 0.01 lot increments, allowing a much more in-depth money management.

My forward tests are only for EAs that I consider worthy of a forward test, displaying at least the slightest bit of potential. However, I’m wrong in many cases and the forward test is a failure. If one of the statements below ceases to be updated, it’s because I considered that the attached EA was not profitable. I will do that whenever an account reaches between 20-30% drawdown, assuming that I was able to start it using a very low risk (typically I’ll go for 5%, up to a maximum of 10%).

For an easier overview, I will strive to keep an updated list here, in addition to the link attached to each relevant review.

Edit 06.01.2010: since JadeFX seems to be closing the demo accounts exceeding a certain age (perhaps 60 days?) once every few months, I’m most likely going to set up the demos somewhere else in the future. I was very busy at the time the demos were closed, so I had to restart them on JadeFX again, but next time this happens I will definitely jump ship. In the meantime, I also closed my JadeFX live account (due to slippage problems… it’s almost like the feed has quotes with no liquidity behind and the behavior was confirmed by others, even when trading from the Jade VPS with 1ms ping).

Euronis

The first Euronis forward test was running on JadeFX from 16.10.2009 until 11.12.2009 on the following pairs and timeframes:

  • EURCHF M15, using default settings, LotsPercent 5, MaxLotsPercent 5
  • EURGBP M15, using default settings, LotsPercent 5, MaxLotsPercent 5
  • EURCAD M15, using default settings, LotsPercent 5, MaxLotsPercent 5

Changed on 26.10.2009 as follows:

  • EURCHF M15, low settings, LotsPercent 10, MaxLotsPercent 20
  • EURGBP M15, low settings, LotsPercent 10, MaxLotsPercent 20
  • EURCAD M15, cross-over settings, LotsPercent 10, MaxLotsPercent 10
  • EURCAD M15, low settings, LotsPercent 10, MaxLotsPercent 20
  • GBPCHF M15, cross-over settings, LotsPercent 10, MaxLotsPercent 10

The second Euronis forward test was started on JadeFX on 11.12.2009 using the settings above and v4160. On 06.01.2010, it was upgraded to v4200, using the same settings with the following addition:

  • GBPCHF M15, cross-over settings, LotsPercent 10, MaxLotsPercent 20

Edit 06.01.2010: added close date for the first Euronis forward test. Added second Euronis forward test. Upgraded to Euronis v4200.
Edit 30.10.2009: changed EURCAD from cross-over mode to normal mode and increased MaxLotsPercent to 20. The change is due to the fact that the JadeFX EURCAD spreads in the Asian session seem to be lower than the crossover spreads, despite being higher outside the Asian session and on average.
Edit 02.11.2009: GBPCHF removed due to lot sizing issues, see the Euronis review comments.

CashDNA

Edit 19.02.2009: removed all old versions. Not only are they not available anymore, but also the new version is quite different, making them irrelevant.

The CashDNA Neutrino v4 forward test is running on Alpari UK since 30.11.2009 using the default settings (5% risk) on the following pairs:

  • EURUSD M5
  • GBPUSD M5
  • USDCAD M5
  • USDCHF M5
  • USDJPY M5

Finally, FXiGoR has a forward test set up on 02.09.2009, running the latest version.

Caspian

The first Caspian EA forward test was running on JadeFX from 01.10.2009 until 11.12.2009 with the default settings and Risk set to 5, on the following currency pairs and timeframes:

  • EURGBP M15
  • EURCHF M15
  • EURCHF M5

The second Caspian EA forward test is running on JadeFX since 11.12.2009 using the settings detailed above.

Edit 04.11.2009: removed EURCHF M5 due to poor overall EURCHF results.

Edit 06.01.2010: added second Caspian forward test, mentioned closing date on the first.

Sir Lancelot

The Sir Lancelot v6 forward test is running on Alpari UK since 26.11.2009 on the following pairs and timeframes:

  • EURUSD H1, default settings, money management enabled, 2%
  • USDCHF H1, default settings, money management enabled, 2%
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