Trading style: opens positions both long and short in a grid style, using martingale and creating a trade basket for each pair; the basket is closed when a target profit is reached.
Currency pairs: EURUSD, GBPUSD, EURJPY, EURGBP, USDCAD, AUDUSD, NZDUSD, USDJPY, AUDNZD
Timeframe: M30
Price: $379 + $39 quarterly
License: 3 live, 3 demo accounts
NFA compliance: no
Refund policy: 30 days, 110% of the price is refunded conditioned upon the EA failing to bring profits on a real or demo account
Read more at the Forex Envy website

Buy Forex Envy

Note: this expert advisor uses martingale money management and is inherently risky. There is a chance to completely wipe out an account which is greatly increased in case of improper use. It is strongly recommended to only use Forex Envy as recommended by the vendor. Furthermore, it is a good idea to aim to make withdrawals that amount to the sum of the deposit prior to any attempt to increase the account size. When using any martingale EA (except the strictly limited ones), it is also a good idea to withdraw regularly even after you recovered your initial deposit. Under no circumstances should one attempt to trade this EA with funding that doesn’t match the minimum recommended by the vendor for the selected brokerage. To illustrate the minimum starting balances with a leverage of 1:500 in some cases (more info on choosing a broker can be found in the members area on the Forex Envy website):

Account type Contract (lot) size Minimum lot & lot increment Minimum starting balance Broker examples
cent 100000 0.01 $360 (¢36000) Instaforex (0.1 min lot)
regular 1000 0.01 $360 Trading Point
regular 10000 0.01 $3600 LiteForex floating spread accounts, the old GO Markets L-Plate accounts
regular 100000 0.01 $36000 Most brokers nowadays
regular 100000 0.1 $360000 Some ECN brokers

Birt’s forward test

Settings: as provided by the vendor, long cycle only
Started: 12.03.2012
Stopped: 08.01.2013 (account wiped out)
Broker: PrivateFx
Account type: live, cent
Starting balance: $400 (¢40000)

Forex Envy live forward test

Official accounts

Settings: long & short cycle
Started: 11.04.2011
Broker: Instaforex
Account type: live, cent
Starting balance: ¢82842

Forex Envy official Instaforex live long/short cycle live account

Settings: long cycle only
Started: 11.07.2011
Broker: Instaforex
Account type: live, cent
Starting balance: ¢178751

Forex Envy official Instaforex live long cycle live account

Settings: long cycle only
Started: 11.07.2011
Broker: Trading Point
Account type: live
Starting balance: $90

Forex Envy official Trading Point live long cycle live account

Settings: power edition
Started: 26.03.2012
Broker: TradeFort
Account type: live
Starting balance: $5000
Note: this account is using Forex Envy Power Edition.

Forex Envy Power Edition official TradeFort live account

Backtests

One thing that sets Forex Envy apart from other martingale EAs is that the vendor acknowledges the risk and works together with each customer to create setting files tailored for their account, so all my backtests use the same starting balance and trading conditions as my live account and all the settings used below were those provided by the vendor in .set files unless otherwise mentioned. Due to the vendor’s concerns about piracy, the parameters were removed from the backtest reports. Version 2.1 was used in all backtests.

As you will see below, some of the backtests resulted in an account wipe. While that is a rare occurrence, the possibility of such an event is certainly not excluded. I’ll stress this once more: if you use Forex Envy, withdraw often.

When evaluating the results here, since the same starting lot was used throughout the backtests regardless of the increased balance, a realistic calculation of the drawdown should be performed by reporting the maximal drawdown figure to the initial balance of 40000.

Before we delve into the backtests, I would advise against opening the detailed statements in your browser due to their large size (some of them exceed 50 MB which can give your browser a major headache).

History center data

Just like my account, all history center data backtests have a commission of ¢5 per lot round-trip, which is why the spreads were configured a bit lower than I usually set them. I’ve tried to perform backtests on all currency pairs supported by the long cycle, but the history center data for NZDUSD was badly lacking (starting late and ending early) so I ended up skipping that currency pair. Speaking of which, backtesting currency pairs with a suffix using history center data can be quite a pain in the behind because one has to rename each HST file and edit the currency name in all of them.

EURUSD history center data

Forex Envy v2.1 1999-2012 EURUSD history center data backtest, spread 1.0, vendor's settings

Forex Envy v2.1 1999-2012 EURUSD history center data backtest, spread 1.0, vendor's settings

Show backtest summary »

SymbolEURUSDc (Euro vs US Dollar)
Period30 Minutes (M30) 1999.01.04 10:00 - 2012.01.13 14:00
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor
Bars in test162681Ticks modelled66657540Modelling quality90.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit146485.39Gross profit353889.11Gross loss-207403.72
Profit factor1.71Expected payoff7.67
Absolute drawdown36564.82Maximal drawdown43165.16 (92.63%)Relative drawdown92.63% (43165.16)
Total trades19097Short positions (won %)9542 (60.70%)Long positions (won %)9555 (60.66%)
Profit trades (% of total)11588 (60.68%)Loss trades (% of total)7509 (39.32%)
Largestprofit trade7445.15loss trade-1747.79
Averageprofit trade30.54loss trade-27.62
Maximumconsecutive wins (profit in money)17 (87.10)consecutive losses (loss in money)14 (-8397.11)
Maximalconsecutive profit (count of wins)9224.07 (2)consecutive loss (count of losses)-8397.11 (14)
Averageconsecutive wins4consecutive losses3

EURJPY history center data

Several drops throughout this one:

Forex Envy v2.1 1999-2012 EURJPY history center data backtest, spread 2.0, vendor's settings

Forex Envy v2.1 1999-2012 EURJPY history center data backtest, spread 2.0, vendor's settings

Show backtest summary »

SymbolEURJPYc (Euro vs Japanise Yen)
Period30 Minutes (M30) 1999.01.04 13:00 - 2012.01.13 18:30
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor
Bars in test156146Ticks modelled82595510Modelling quality90.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit37271.71Gross profit542486.85Gross loss-505215.14
Profit factor1.07Expected payoff1.31
Absolute drawdown12709.97Maximal drawdown125378.77 (73.16%)Relative drawdown73.16% (125378.77)
Total trades28390Short positions (won %)14144 (62.14%)Long positions (won %)14246 (61.43%)
Profit trades (% of total)17540 (61.78%)Loss trades (% of total)10850 (38.22%)
Largestprofit trade9029.77loss trade-27309.18
Averageprofit trade30.93loss trade-46.56
Maximumconsecutive wins (profit in money)24 (350.89)consecutive losses (loss in money)15 (-82512.56)
Maximalconsecutive profit (count of wins)11068.72 (3)consecutive loss (count of losses)-82512.56 (15)
Averageconsecutive wins4consecutive losses3

EURGBP history center data

Forex Envy v2.1 1999-2012 EURGBP history center data backtest, spread 1.5, vendor's settings

Forex Envy v2.1 1999-2012 EURGBP history center data backtest, spread 1.5, vendor's settings

Show backtest summary »

SymbolEURGBPc (Euro vs Great Britain Pound)
Period30 Minutes (M30) 1999.01.04 13:00 - 2012.01.13 18:30
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor
Bars in test160050Ticks modelled51033483Modelling quality90.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit53539.79Gross profit112858.63Gross loss-59318.84
Profit factor1.90Expected payoff11.65
Absolute drawdown15791.72Maximal drawdown42446.42 (63.68%)Relative drawdown63.68% (42446.42)
Total trades4596Short positions (won %)2286 (60.41%)Long positions (won %)2310 (61.90%)
Profit trades (% of total)2811 (61.16%)Loss trades (% of total)1785 (38.84%)
Largestprofit trade12117.58loss trade-1931.42
Averageprofit trade40.15loss trade-33.23
Maximumconsecutive wins (profit in money)16 (201.52)consecutive losses (loss in money)13 (-9951.93)
Maximalconsecutive profit (count of wins)14866.36 (2)consecutive loss (count of losses)-9951.93 (13)
Averageconsecutive wins4consecutive losses3

USDCAD history center data

Forex Envy v2.1 1999-2012 USDCAD history center data backtest, spread 2.0, vendor's settings

Forex Envy v2.1 1999-2012 USDCAD history center data backtest, spread 2.0, vendor's settings

Show backtest summary »

SymbolUSDCADc (US Dollar vs Canadian Dollar)
Period30 Minutes (M30) 1999.01.04 08:30 - 2012.01.13 18:30
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor
Bars in test162039Ticks modelled45632973Modelling quality90.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit65150.62Gross profit155197.92Gross loss-90047.30
Profit factor1.72Expected payoff7.10
Absolute drawdown12670.62Maximal drawdown34322.51 (46.57%)Relative drawdown55.51% (34098.92)
Total trades9182Short positions (won %)4581 (62.17%)Long positions (won %)4601 (60.16%)
Profit trades (% of total)5616 (61.16%)Loss trades (% of total)3566 (38.84%)
Largestprofit trade8986.85loss trade-1498.17
Averageprofit trade27.63loss trade-25.25
Maximumconsecutive wins (profit in money)16 (96.22)consecutive losses (loss in money)13 (-7530.29)
Maximalconsecutive profit (count of wins)11064.26 (4)consecutive loss (count of losses)-7530.29 (13)
Averageconsecutive wins4consecutive losses3

AUDUSD history center data

Forex Envy v2.1 1999-2012 AUDUSD history center data backtest, spread 2.0, vendor's settings

Forex Envy v2.1 1999-2012 AUDUSD history center data backtest, spread 2.0, vendor's settings

Show backtest summary »

SymbolAUDUSDc (Australian Dollar vs US Dollar)
Period30 Minutes (M30) 1999.01.04 07:30 - 2012.01.13 18:30
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor
Bars in test162375Ticks modelled52129307Modelling quality90.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit-822.64Gross profit180756.33Gross loss-181578.97
Profit factor1.00Expected payoff-0.04
Absolute drawdown17184.61Maximal drawdown73542.28 (76.32%)Relative drawdown76.32% (73542.28)
Total trades22646Short positions (won %)11474 (63.00%)Long positions (won %)11172 (64.16%)
Profit trades (% of total)14397 (63.57%)Loss trades (% of total)8249 (36.43%)
Largestprofit trade4987.71loss trade-21795.74
Averageprofit trade12.56loss trade-22.01
Maximumconsecutive wins (profit in money)21 (76.25)consecutive losses (loss in money)15 (-62206.36)
Maximalconsecutive profit (count of wins)5966.39 (4)consecutive loss (count of losses)-62206.36 (15)
Averageconsecutive wins4consecutive losses2

GBPUSD history center data

This is where I hit the first bump in the road. The EA is definitely not infallible but these “oops” moments seem to be very rare when running with the recommended settings.

Forex Envy v2.1 1999-2012 GBPUSD history center data backtest, spread 2.0, vendor's settings

Forex Envy v2.1 1999-2012 GBPUSD history center data backtest, spread 2.0, vendor's settings

Show backtest summary »

SymbolGBPUSDc (Great Britain Pound vs US Dollar)
Period30 Minutes (M30) 1999.01.04 07:00 - 2012.01.13 18:30
ModelEvery tick (the most precise method based on all available least timeframes)
Parameters
Bars in test162410Ticks modelled66332446Modelling quality90.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit-37739.51Gross profit29696.82Gross loss-67436.33
Profit factor0.44Expected payoff-16.27
Absolute drawdown37739.51Maximal drawdown52037.84 (95.84%)Relative drawdown95.84% (52037.84)
Total trades2320Short positions (won %)1169 (64.67%)Long positions (won %)1151 (58.99%)
Profit trades (% of total)1435 (61.85%)Loss trades (% of total)885 (38.15%)
Largestprofit trade1432.32loss trade-15888.81
Averageprofit trade20.69loss trade-76.20
Maximumconsecutive wins (profit in money)15 (120.91)consecutive losses (loss in money)15 (-52097.79)
Maximalconsecutive profit (count of wins)1761.73 (3)consecutive loss (count of losses)-52097.79 (15)
Averageconsecutive wins4consecutive losses3

USDJPY history center data

Second road bump.

Forex Envy v2.1 1999-2012 USDJPY history center data backtest, spread 1.0, vendor's settings

Forex Envy v2.1 1999-2012 USDJPY history center data backtest, spread 1.0, vendor's settings

Show backtest summary »

SymbolUSDJPYc (US Dollar vs Japanise Yen)
Period30 Minutes (M30) 1999.01.04 07:00 - 2012.01.13 14:00
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor
Bars in test162422Ticks modelled52278650Modelling quality90.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit-38487.64Gross profit37555.16Gross loss-76042.80
Profit factor0.49Expected payoff-32.76
Absolute drawdown38487.64Maximal drawdown62837.53 (97.65%)Relative drawdown97.65% (62837.53)
Total trades1175Short positions (won %)591 (55.84%)Long positions (won %)584 (59.42%)
Profit trades (% of total)677 (57.62%)Loss trades (% of total)498 (42.38%)
Largestprofit trade7791.68loss trade-18174.67
Averageprofit trade55.47loss trade-152.70
Maximumconsecutive wins (profit in money)12 (159.30)consecutive losses (loss in money)15 (-62859.76)
Maximalconsecutive profit (count of wins)9999.46 (2)consecutive loss (count of losses)-62859.76 (15)
Averageconsecutive wins4consecutive losses3

AUDNZD history center data

Forex Envy v2.1 1999-2012 AUDNZD history center data backtest, spread 5.0, vendor's settings

Forex Envy v2.1 1999-2012 AUDNZD history center data backtest, spread 5.0, vendor's settings

Show backtest summary »

SymbolAUDNZDc (Australian Dollar vs New Zealand Dollar)
Period30 Minutes (M30) 1999.01.04 00:00 - 2012.01.13 19:00
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor
Bars in test60352Ticks modelled50008838Modelling quality90.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit50326.45Gross profit97828.62Gross loss-47502.16
Profit factor2.06Expected payoff3.35
Absolute drawdown5195.37Maximal drawdown6842.48 (16.43%)Relative drawdown16.43% (6842.48)
Total trades15005Short positions (won %)7517 (62.70%)Long positions (won %)7488 (62.97%)
Profit trades (% of total)9428 (62.83%)Loss trades (% of total)5577 (37.17%)
Largestprofit trade2672.15loss trade-475.08
Averageprofit trade10.38loss trade-8.52
Maximumconsecutive wins (profit in money)19 (59.66)consecutive losses (loss in money)12 (-2334.47)
Maximalconsecutive profit (count of wins)3314.83 (4)consecutive loss (count of losses)-2334.47 (12)
Averageconsecutive wins4consecutive losses2

Tick data

EURUSD tick data

This one had a hiccup in the middle:

Forex Envy v2.1 2007-2012 EURUSD tick data backtest, real spread, vendor's settings

Forex Envy v2.1 2007-2012 EURUSD tick data backtest, real spread, vendor's settings

Show backtest summary »

SymbolEURUSDc (Euro vs US Dollar)
Period30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor
Bars in test61644Ticks modelled70361961Modelling quality99.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit30373.28Gross profit222859.58Gross loss-192486.31
Profit factor1.16Expected payoff2.80
Absolute drawdown17460.22Maximal drawdown74231.93 (76.71%)Relative drawdown76.71% (74231.93)
Total trades10839Short positions (won %)5442 (60.25%)Long positions (won %)5397 (60.01%)
Profit trades (% of total)6518 (60.13%)Loss trades (% of total)4321 (39.87%)
Largestprofit trade7429.80loss trade-21859.69
Averageprofit trade34.19loss trade-44.55
Maximumconsecutive wins (profit in money)18 (98.63)consecutive losses (loss in money)15 (-65965.74)
Maximalconsecutive profit (count of wins)9212.26 (2)consecutive loss (count of losses)-65965.74 (15)
Averageconsecutive wins4consecutive losses3

EURJPY tick data

Forex Envy v2.1 2007-2012 EURJPY tick data backtest, real spread, vendor's settings

Forex Envy v2.1 2007-2012 EURJPY tick data backtest, real spread, vendor's settings

Show backtest summary »

SymbolEURJPYc (Euro vs Japanise Yen)
Period30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor
Bars in test61642Ticks modelled82595510Modelling quality99.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit-31507.50Gross profit58648.20Gross loss-90155.70
Profit factor0.65Expected payoff-10.66
Absolute drawdown31507.50Maximal drawdown57871.27 (87.20%)Relative drawdown87.20% (57871.27)
Total trades2957Short positions (won %)1438 (59.87%)Long positions (won %)1519 (60.63%)
Profit trades (% of total)1782 (60.26%)Loss trades (% of total)1175 (39.74%)
Largestprofit trade3031.65loss trade-16283.89
Averageprofit trade32.91loss trade-76.73
Maximumconsecutive wins (profit in money)33 (240.12)consecutive losses (loss in money)15 (-56485.79)
Maximalconsecutive profit (count of wins)3733.55 (5)consecutive loss (count of losses)-56485.79 (15)
Averageconsecutive wins4consecutive losses3

Since this one crashed, I figured I would test the BailOutPercent parameter and set it to 50 and here’s the result:

Forex Envy v2.1 2007-2012 EURJPY tick data backtest, real spread, vendor's settings with BailOutPercent 50

Forex Envy v2.1 2007-2012 EURJPY tick data backtest, real spread, vendor's settings with BailOutPercent 50

Show backtest summary »

SymbolEURJPYc (Euro vs Japanise Yen)
Period30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor; BailOutPercent 50
Bars in test61642Ticks modelled82595510Modelling quality99.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit-120.17Gross profit295973.21Gross loss-296093.38
Profit factor1.00Expected payoff-0.01
Absolute drawdown28280.24Maximal drawdown54682.54 (82.35%)Relative drawdown82.35% (54682.54)
Total trades15581Short positions (won %)7712 (61.31%)Long positions (won %)7869 (59.13%)
Profit trades (% of total)9381 (60.21%)Loss trades (% of total)6200 (39.79%)
Largestprofit trade9036.60loss trade-7088.44
Averageprofit trade31.55loss trade-47.76
Maximumconsecutive wins (profit in money)33 (240.52)consecutive losses (loss in money)16 (-15431.27)
Maximalconsecutive profit (count of wins)11086.05 (2)consecutive loss (count of losses)-33727.68 (15)
Averageconsecutive wins4consecutive losses3

EURGBP tick data

Forex Envy v2.1 2007-2012 EURGBP tick data backtest, real spread, vendor's settings

Forex Envy v2.1 2007-2012 EURGBP tick data backtest, real spread, vendor's settings

Show backtest summary »

SymbolEURGBPc (Euro vs Great Britain Pound)
Period30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor
Bars in test61637Ticks modelled55666109Modelling quality99.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit41066.34Gross profit84620.39Gross loss-43554.06
Profit factor1.94Expected payoff14.23
Absolute drawdown22910.00Maximal drawdown29054.43 (62.96%)Relative drawdown62.96% (29054.43)
Total trades2886Short positions (won %)1440 (58.82%)Long positions (won %)1446 (60.72%)
Profit trades (% of total)1725 (59.77%)Loss trades (% of total)1161 (40.23%)
Largestprofit trade12096.99loss trade-1814.35
Averageprofit trade49.06loss trade-37.51
Maximumconsecutive wins (profit in money)17 (152.32)consecutive losses (loss in money)13 (-9280.57)
Maximalconsecutive profit (count of wins)14976.13 (2)consecutive loss (count of losses)-9280.57 (13)
Averageconsecutive wins4consecutive losses3

USDCAD tick data

Forex Envy v2.1 2007-2012 USDCAD tick data backtest, real spread, vendor's settings

Forex Envy v2.1 2007-2012 USDCAD tick data backtest, real spread, vendor's settings

Show backtest summary »

SymbolUSDCADc (US Dollar vs Canadian Dollar)
Period30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor
Bars in test61624Ticks modelled38917056Modelling quality99.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit39074.81Gross profit93179.72Gross loss-54104.91
Profit factor1.72Expected payoff8.14
Absolute drawdown10342.09Maximal drawdown17257.17 (26.70%)Relative drawdown28.36% (11740.65)
Total trades4800Short positions (won %)2398 (62.05%)Long positions (won %)2402 (60.28%)
Profit trades (% of total)2936 (61.17%)Loss trades (% of total)1864 (38.83%)
Largestprofit trade5511.92loss trade-1129.90
Averageprofit trade31.74loss trade-29.03
Maximumconsecutive wins (profit in money)17 (117.41)consecutive losses (loss in money)12 (-4438.86)
Maximalconsecutive profit (count of wins)6798.86 (6)consecutive loss (count of losses)-4526.70 (11)
Averageconsecutive wins4consecutive losses3

AUDUSD tick data

Forex Envy v2.1 2007-2012 AUDUSD tick data backtest, real spread, vendor's settings

Forex Envy v2.1 2007-2012 AUDUSD tick data backtest, real spread, vendor's settings

Show backtest summary »

SymbolAUDUSDc (Australian Dollar vs US Dollar)
Period30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor
Bars in test61624Ticks modelled51985267Modelling quality99.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit47903.26Gross profit144097.79Gross loss-96194.54
Profit factor1.50Expected payoff3.02
Absolute drawdown5832.28Maximal drawdown47235.24 (58.03%)Relative drawdown58.03% (47235.24)
Total trades15873Short positions (won %)8073 (62.53%)Long positions (won %)7800 (63.56%)
Profit trades (% of total)10006 (63.04%)Loss trades (% of total)5867 (36.96%)
Largestprofit trade5128.15loss trade-937.58
Averageprofit trade14.40loss trade-16.40
Maximumconsecutive wins (profit in money)27 (86.04)consecutive losses (loss in money)13 (-4745.70)
Maximalconsecutive profit (count of wins)6183.28 (2)consecutive loss (count of losses)-4745.70 (13)
Averageconsecutive wins4consecutive losses3

GBPUSD tick data

Forex Envy v2.1 2007-2012 GBPUSD tick data backtest, real spread, vendor's settings

Forex Envy v2.1 2007-2012 GBPUSD tick data backtest, real spread, vendor's settings

Show backtest summary »

SymbolGBPUSDc (Great Britain Pound vs US Dollar)
Period30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor
Bars in test61642Ticks modelled64455493Modelling quality99.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit100009.57Gross profit213138.68Gross loss-113129.11
Profit factor1.88Expected payoff6.98
Absolute drawdown619.92Maximal drawdown19334.75 (26.70%)Relative drawdown26.70% (19334.75)
Total trades14338Short positions (won %)7182 (60.22%)Long positions (won %)7156 (60.17%)
Profit trades (% of total)8631 (60.20%)Loss trades (% of total)5707 (39.80%)
Largestprofit trade7429.80loss trade-1154.25
Averageprofit trade24.69loss trade-19.82
Maximumconsecutive wins (profit in money)19 (193.75)consecutive losses (loss in money)13 (-6011.07)
Maximalconsecutive profit (count of wins)9137.50 (4)consecutive loss (count of losses)-6011.07 (13)
Averageconsecutive wins4consecutive losses3

NZDUSD tick data

Forex Envy v2.1 2007-2012 NZDUSD tick data backtest, real spread, vendor's settings

Forex Envy v2.1 2007-2012 NZDUSD tick data backtest, real spread, vendor's settings

Show backtest summary »

SymbolNZDUSDc (New Zealand Dollar vs US Dollar)
Period30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor
Bars in test61608Ticks modelled32774278Modelling quality99.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit81944.65Gross profit158580.68Gross loss-76636.03
Profit factor2.07Expected payoff10.67
Absolute drawdown14573.79Maximal drawdown27915.92 (37.58%)Relative drawdown42.52% (24520.15)
Total trades7680Short positions (won %)3821 (57.29%)Long positions (won %)3859 (57.84%)
Profit trades (% of total)4421 (57.57%)Loss trades (% of total)3259 (42.43%)
Largestprofit trade7044.55loss trade-1181.25
Averageprofit trade35.87loss trade-23.52
Maximumconsecutive wins (profit in money)14 (240.03)consecutive losses (loss in money)13 (-4690.14)
Maximalconsecutive profit (count of wins)8873.81 (2)consecutive loss (count of losses)-4816.01 (12)
Averageconsecutive wins4consecutive losses3

USDJPY tick data

Forex Envy v2.1 2007-2012 USDJPY tick data backtest, real spread, vendor's settings

Forex Envy v2.1 2007-2012 USDJPY tick data backtest, real spread, vendor's settings

Show backtest summary »

SymbolUSDJPYc (US Dollar vs Japanise Yen)
Period30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor
Bars in test61643Ticks modelled48996001Modelling quality99.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit35508.09Gross profit54287.14Gross loss-18779.05
Profit factor2.89Expected payoff21.52
Absolute drawdown5082.72Maximal drawdown6454.83 (15.60%)Relative drawdown15.60% (6454.83)
Total trades1650Short positions (won %)825 (58.42%)Long positions (won %)825 (53.45%)
Profit trades (% of total)923 (55.94%)Loss trades (% of total)727 (44.06%)
Largestprofit trade2688.08loss trade-290.37
Averageprofit trade58.82loss trade-25.83
Maximumconsecutive wins (profit in money)11 (178.79)consecutive losses (loss in money)10 (-1414.34)
Maximalconsecutive profit (count of wins)3460.19 (2)consecutive loss (count of losses)-1414.34 (10)
Averageconsecutive wins4consecutive losses3

AUDNZD tick data

Forex Envy v2.1 2007-2012 AUDNZD tick data backtest, real spread, vendor's settings

Forex Envy v2.1 2007-2012 AUDNZD tick data backtest, real spread, vendor's settings

Show backtest summary »

SymbolAUDNZDc (Australian Dollar vs New Zealand Dollar)
Period30 Minutes (M30) 2008.12.22 16:16 - 2012.03.09 21:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersAs provided by the vendor
Bars in test39637Ticks modelled38207303Modelling quality99.00%
Mismatched charts errors0
Initial deposit40000.00
Total net profit27057.63Gross profit51726.83Gross loss-24669.21
Profit factor2.10Expected payoff4.12
Absolute drawdown2554.04Maximal drawdown5195.76 (10.13%)Relative drawdown10.13% (5195.76)
Total trades6563Short positions (won %)3280 (59.30%)Long positions (won %)3283 (59.34%)
Profit trades (% of total)3893 (59.32%)Loss trades (% of total)2670 (40.68%)
Largestprofit trade1555.91loss trade-233.41
Averageprofit trade13.29loss trade-9.24
Maximumconsecutive wins (profit in money)14 (101.54)consecutive losses (loss in money)11 (-1205.94)
Maximalconsecutive profit (count of wins)1963.30 (6)consecutive loss (count of losses)-1205.94 (11)
Averageconsecutive wins4consecutive losses2

Conclusion

Will Forex Envy end up crashing the account? Not excluded. However, I don’t think that will happen anytime soon as long as I’m following the vendor’s recommendations. I plan to withdraw regularly from my live forward test account, at least until matching the deposit size.