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 »

Symbol EURUSDc (Euro vs US Dollar)
Period 30 Minutes (M30) 1999.01.04 10:00 - 2012.01.13 14:00
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor
Bars in test 162681 Ticks modelled 66657540 Modelling quality 90.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit 146485.39 Gross profit 353889.11 Gross loss -207403.72
Profit factor 1.71 Expected payoff 7.67
Absolute drawdown 36564.82 Maximal drawdown 43165.16 (92.63%) Relative drawdown 92.63% (43165.16)
Total trades 19097 Short 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%)
Largest profit trade 7445.15 loss trade -1747.79
Average profit trade 30.54 loss trade -27.62
Maximum consecutive wins (profit in money) 17 (87.10) consecutive losses (loss in money) 14 (-8397.11)
Maximal consecutive profit (count of wins) 9224.07 (2) consecutive loss (count of losses) -8397.11 (14)
Average consecutive wins 4 consecutive losses 3

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 »

Symbol EURJPYc (Euro vs Japanise Yen)
Period 30 Minutes (M30) 1999.01.04 13:00 - 2012.01.13 18:30
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor
Bars in test 156146 Ticks modelled 82595510 Modelling quality 90.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit 37271.71 Gross profit 542486.85 Gross loss -505215.14
Profit factor 1.07 Expected payoff 1.31
Absolute drawdown 12709.97 Maximal drawdown 125378.77 (73.16%) Relative drawdown 73.16% (125378.77)
Total trades 28390 Short 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%)
Largest profit trade 9029.77 loss trade -27309.18
Average profit trade 30.93 loss trade -46.56
Maximum consecutive wins (profit in money) 24 (350.89) consecutive losses (loss in money) 15 (-82512.56)
Maximal consecutive profit (count of wins) 11068.72 (3) consecutive loss (count of losses) -82512.56 (15)
Average consecutive wins 4 consecutive losses 3

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 »

Symbol EURGBPc (Euro vs Great Britain Pound)
Period 30 Minutes (M30) 1999.01.04 13:00 - 2012.01.13 18:30
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor
Bars in test 160050 Ticks modelled 51033483 Modelling quality 90.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit 53539.79 Gross profit 112858.63 Gross loss -59318.84
Profit factor 1.90 Expected payoff 11.65
Absolute drawdown 15791.72 Maximal drawdown 42446.42 (63.68%) Relative drawdown 63.68% (42446.42)
Total trades 4596 Short 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%)
Largest profit trade 12117.58 loss trade -1931.42
Average profit trade 40.15 loss trade -33.23
Maximum consecutive wins (profit in money) 16 (201.52) consecutive losses (loss in money) 13 (-9951.93)
Maximal consecutive profit (count of wins) 14866.36 (2) consecutive loss (count of losses) -9951.93 (13)
Average consecutive wins 4 consecutive losses 3

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 »

Symbol USDCADc (US Dollar vs Canadian Dollar)
Period 30 Minutes (M30) 1999.01.04 08:30 - 2012.01.13 18:30
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor
Bars in test 162039 Ticks modelled 45632973 Modelling quality 90.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit 65150.62 Gross profit 155197.92 Gross loss -90047.30
Profit factor 1.72 Expected payoff 7.10
Absolute drawdown 12670.62 Maximal drawdown 34322.51 (46.57%) Relative drawdown 55.51% (34098.92)
Total trades 9182 Short 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%)
Largest profit trade 8986.85 loss trade -1498.17
Average profit trade 27.63 loss trade -25.25
Maximum consecutive wins (profit in money) 16 (96.22) consecutive losses (loss in money) 13 (-7530.29)
Maximal consecutive profit (count of wins) 11064.26 (4) consecutive loss (count of losses) -7530.29 (13)
Average consecutive wins 4 consecutive losses 3

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 »

Symbol AUDUSDc (Australian Dollar vs US Dollar)
Period 30 Minutes (M30) 1999.01.04 07:30 - 2012.01.13 18:30
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor
Bars in test 162375 Ticks modelled 52129307 Modelling quality 90.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit -822.64 Gross profit 180756.33 Gross loss -181578.97
Profit factor 1.00 Expected payoff -0.04
Absolute drawdown 17184.61 Maximal drawdown 73542.28 (76.32%) Relative drawdown 76.32% (73542.28)
Total trades 22646 Short 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%)
Largest profit trade 4987.71 loss trade -21795.74
Average profit trade 12.56 loss trade -22.01
Maximum consecutive wins (profit in money) 21 (76.25) consecutive losses (loss in money) 15 (-62206.36)
Maximal consecutive profit (count of wins) 5966.39 (4) consecutive loss (count of losses) -62206.36 (15)
Average consecutive wins 4 consecutive losses 2

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 »

Symbol GBPUSDc (Great Britain Pound vs US Dollar)
Period 30 Minutes (M30) 1999.01.04 07:00 - 2012.01.13 18:30
Model Every tick (the most precise method based on all available least timeframes)
Parameters
Bars in test 162410 Ticks modelled 66332446 Modelling quality 90.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit -37739.51 Gross profit 29696.82 Gross loss -67436.33
Profit factor 0.44 Expected payoff -16.27
Absolute drawdown 37739.51 Maximal drawdown 52037.84 (95.84%) Relative drawdown 95.84% (52037.84)
Total trades 2320 Short 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%)
Largest profit trade 1432.32 loss trade -15888.81
Average profit trade 20.69 loss trade -76.20
Maximum consecutive wins (profit in money) 15 (120.91) consecutive losses (loss in money) 15 (-52097.79)
Maximal consecutive profit (count of wins) 1761.73 (3) consecutive loss (count of losses) -52097.79 (15)
Average consecutive wins 4 consecutive losses 3

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 »

Symbol USDJPYc (US Dollar vs Japanise Yen)
Period 30 Minutes (M30) 1999.01.04 07:00 - 2012.01.13 14:00
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor
Bars in test 162422 Ticks modelled 52278650 Modelling quality 90.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit -38487.64 Gross profit 37555.16 Gross loss -76042.80
Profit factor 0.49 Expected payoff -32.76
Absolute drawdown 38487.64 Maximal drawdown 62837.53 (97.65%) Relative drawdown 97.65% (62837.53)
Total trades 1175 Short 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%)
Largest profit trade 7791.68 loss trade -18174.67
Average profit trade 55.47 loss trade -152.70
Maximum consecutive wins (profit in money) 12 (159.30) consecutive losses (loss in money) 15 (-62859.76)
Maximal consecutive profit (count of wins) 9999.46 (2) consecutive loss (count of losses) -62859.76 (15)
Average consecutive wins 4 consecutive losses 3

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 »

Symbol AUDNZDc (Australian Dollar vs New Zealand Dollar)
Period 30 Minutes (M30) 1999.01.04 00:00 - 2012.01.13 19:00
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor
Bars in test 60352 Ticks modelled 50008838 Modelling quality 90.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit 50326.45 Gross profit 97828.62 Gross loss -47502.16
Profit factor 2.06 Expected payoff 3.35
Absolute drawdown 5195.37 Maximal drawdown 6842.48 (16.43%) Relative drawdown 16.43% (6842.48)
Total trades 15005 Short 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%)
Largest profit trade 2672.15 loss trade -475.08
Average profit trade 10.38 loss trade -8.52
Maximum consecutive wins (profit in money) 19 (59.66) consecutive losses (loss in money) 12 (-2334.47)
Maximal consecutive profit (count of wins) 3314.83 (4) consecutive loss (count of losses) -2334.47 (12)
Average consecutive wins 4 consecutive losses 2

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 »

Symbol EURUSDc (Euro vs US Dollar)
Period 30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor
Bars in test 61644 Ticks modelled 70361961 Modelling quality 99.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit 30373.28 Gross profit 222859.58 Gross loss -192486.31
Profit factor 1.16 Expected payoff 2.80
Absolute drawdown 17460.22 Maximal drawdown 74231.93 (76.71%) Relative drawdown 76.71% (74231.93)
Total trades 10839 Short 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%)
Largest profit trade 7429.80 loss trade -21859.69
Average profit trade 34.19 loss trade -44.55
Maximum consecutive wins (profit in money) 18 (98.63) consecutive losses (loss in money) 15 (-65965.74)
Maximal consecutive profit (count of wins) 9212.26 (2) consecutive loss (count of losses) -65965.74 (15)
Average consecutive wins 4 consecutive losses 3

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 »

Symbol EURJPYc (Euro vs Japanise Yen)
Period 30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor
Bars in test 61642 Ticks modelled 82595510 Modelling quality 99.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit -31507.50 Gross profit 58648.20 Gross loss -90155.70
Profit factor 0.65 Expected payoff -10.66
Absolute drawdown 31507.50 Maximal drawdown 57871.27 (87.20%) Relative drawdown 87.20% (57871.27)
Total trades 2957 Short 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%)
Largest profit trade 3031.65 loss trade -16283.89
Average profit trade 32.91 loss trade -76.73
Maximum consecutive wins (profit in money) 33 (240.12) consecutive losses (loss in money) 15 (-56485.79)
Maximal consecutive profit (count of wins) 3733.55 (5) consecutive loss (count of losses) -56485.79 (15)
Average consecutive wins 4 consecutive losses 3

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 »

Symbol EURJPYc (Euro vs Japanise Yen)
Period 30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor; BailOutPercent 50
Bars in test 61642 Ticks modelled 82595510 Modelling quality 99.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit -120.17 Gross profit 295973.21 Gross loss -296093.38
Profit factor 1.00 Expected payoff -0.01
Absolute drawdown 28280.24 Maximal drawdown 54682.54 (82.35%) Relative drawdown 82.35% (54682.54)
Total trades 15581 Short 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%)
Largest profit trade 9036.60 loss trade -7088.44
Average profit trade 31.55 loss trade -47.76
Maximum consecutive wins (profit in money) 33 (240.52) consecutive losses (loss in money) 16 (-15431.27)
Maximal consecutive profit (count of wins) 11086.05 (2) consecutive loss (count of losses) -33727.68 (15)
Average consecutive wins 4 consecutive losses 3

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 »

Symbol EURGBPc (Euro vs Great Britain Pound)
Period 30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor
Bars in test 61637 Ticks modelled 55666109 Modelling quality 99.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit 41066.34 Gross profit 84620.39 Gross loss -43554.06
Profit factor 1.94 Expected payoff 14.23
Absolute drawdown 22910.00 Maximal drawdown 29054.43 (62.96%) Relative drawdown 62.96% (29054.43)
Total trades 2886 Short 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%)
Largest profit trade 12096.99 loss trade -1814.35
Average profit trade 49.06 loss trade -37.51
Maximum consecutive wins (profit in money) 17 (152.32) consecutive losses (loss in money) 13 (-9280.57)
Maximal consecutive profit (count of wins) 14976.13 (2) consecutive loss (count of losses) -9280.57 (13)
Average consecutive wins 4 consecutive losses 3

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 »

Symbol USDCADc (US Dollar vs Canadian Dollar)
Period 30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor
Bars in test 61624 Ticks modelled 38917056 Modelling quality 99.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit 39074.81 Gross profit 93179.72 Gross loss -54104.91
Profit factor 1.72 Expected payoff 8.14
Absolute drawdown 10342.09 Maximal drawdown 17257.17 (26.70%) Relative drawdown 28.36% (11740.65)
Total trades 4800 Short 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%)
Largest profit trade 5511.92 loss trade -1129.90
Average profit trade 31.74 loss trade -29.03
Maximum consecutive wins (profit in money) 17 (117.41) consecutive losses (loss in money) 12 (-4438.86)
Maximal consecutive profit (count of wins) 6798.86 (6) consecutive loss (count of losses) -4526.70 (11)
Average consecutive wins 4 consecutive losses 3

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 »

Symbol AUDUSDc (Australian Dollar vs US Dollar)
Period 30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor
Bars in test 61624 Ticks modelled 51985267 Modelling quality 99.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit 47903.26 Gross profit 144097.79 Gross loss -96194.54
Profit factor 1.50 Expected payoff 3.02
Absolute drawdown 5832.28 Maximal drawdown 47235.24 (58.03%) Relative drawdown 58.03% (47235.24)
Total trades 15873 Short 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%)
Largest profit trade 5128.15 loss trade -937.58
Average profit trade 14.40 loss trade -16.40
Maximum consecutive wins (profit in money) 27 (86.04) consecutive losses (loss in money) 13 (-4745.70)
Maximal consecutive profit (count of wins) 6183.28 (2) consecutive loss (count of losses) -4745.70 (13)
Average consecutive wins 4 consecutive losses 3

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 »

Symbol GBPUSDc (Great Britain Pound vs US Dollar)
Period 30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor
Bars in test 61642 Ticks modelled 64455493 Modelling quality 99.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit 100009.57 Gross profit 213138.68 Gross loss -113129.11
Profit factor 1.88 Expected payoff 6.98
Absolute drawdown 619.92 Maximal drawdown 19334.75 (26.70%) Relative drawdown 26.70% (19334.75)
Total trades 14338 Short 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%)
Largest profit trade 7429.80 loss trade -1154.25
Average profit trade 24.69 loss trade -19.82
Maximum consecutive wins (profit in money) 19 (193.75) consecutive losses (loss in money) 13 (-6011.07)
Maximal consecutive profit (count of wins) 9137.50 (4) consecutive loss (count of losses) -6011.07 (13)
Average consecutive wins 4 consecutive losses 3

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 »

Symbol NZDUSDc (New Zealand Dollar vs US Dollar)
Period 30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor
Bars in test 61608 Ticks modelled 32774278 Modelling quality 99.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit 81944.65 Gross profit 158580.68 Gross loss -76636.03
Profit factor 2.07 Expected payoff 10.67
Absolute drawdown 14573.79 Maximal drawdown 27915.92 (37.58%) Relative drawdown 42.52% (24520.15)
Total trades 7680 Short 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%)
Largest profit trade 7044.55 loss trade -1181.25
Average profit trade 35.87 loss trade -23.52
Maximum consecutive wins (profit in money) 14 (240.03) consecutive losses (loss in money) 13 (-4690.14)
Maximal consecutive profit (count of wins) 8873.81 (2) consecutive loss (count of losses) -4816.01 (12)
Average consecutive wins 4 consecutive losses 3

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 »

Symbol USDJPYc (US Dollar vs Japanise Yen)
Period 30 Minutes (M30) 2007.03.30 16:01 - 2012.03.09 21:59
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor
Bars in test 61643 Ticks modelled 48996001 Modelling quality 99.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit 35508.09 Gross profit 54287.14 Gross loss -18779.05
Profit factor 2.89 Expected payoff 21.52
Absolute drawdown 5082.72 Maximal drawdown 6454.83 (15.60%) Relative drawdown 15.60% (6454.83)
Total trades 1650 Short 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%)
Largest profit trade 2688.08 loss trade -290.37
Average profit trade 58.82 loss trade -25.83
Maximum consecutive wins (profit in money) 11 (178.79) consecutive losses (loss in money) 10 (-1414.34)
Maximal consecutive profit (count of wins) 3460.19 (2) consecutive loss (count of losses) -1414.34 (10)
Average consecutive wins 4 consecutive losses 3

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 »

Symbol AUDNZDc (Australian Dollar vs New Zealand Dollar)
Period 30 Minutes (M30) 2008.12.22 16:16 - 2012.03.09 21:59
Model Every tick (the most precise method based on all available least timeframes)
Parameters As provided by the vendor
Bars in test 39637 Ticks modelled 38207303 Modelling quality 99.00%
Mismatched charts errors 0
Initial deposit 40000.00
Total net profit 27057.63 Gross profit 51726.83 Gross loss -24669.21
Profit factor 2.10 Expected payoff 4.12
Absolute drawdown 2554.04 Maximal drawdown 5195.76 (10.13%) Relative drawdown 10.13% (5195.76)
Total trades 6563 Short 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%)
Largest profit trade 1555.91 loss trade -233.41
Average profit trade 13.29 loss trade -9.24
Maximum consecutive wins (profit in money) 14 (101.54) consecutive losses (loss in money) 11 (-1205.94)
Maximal consecutive profit (count of wins) 1963.30 (6) consecutive loss (count of losses) -1205.94 (11)
Average consecutive wins 4 consecutive losses 2

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.