Trading style: around the clock scalping with dynamic stop losses, lots dynamically calculated as a function of the SL distance (resulting in a fixed percent of the account balance being risked per trade) and with an exit strategy that involves partial closing.
Currency pairs: EURUSD, GBPUSD
Timeframe: M5
Basic version price: €149/year; €99/year with IB deal
Pro version price: €249/year; €199/year with IB deal
License: 1 account
NFA compliance: yes
Refund policy: no refunds
Read more at the ForexInnovation website

Buy Magic Champ II Basic

Buy Magic Champ II Pro

Note: My forward test runs the Pro version. The Basic version is suitable for most accounts below €15000 (max. risk per trade is €500, the equivalent of 3% risk for a balance of €16.6k). The Pro version is limited to €750 risk per trade, has some more advanced money management options and trades a bit more often than the Basic.

Birt’s forward test

Settings: mostly default; settings changed or worth mentioning: MoneyManagement_Variant 1, risk_Long_Percent 3, risk_Short_Percent 3, use_Adaptive_MM false, OrderOpen_withSLTP false, Auto_Trade_Open true, use_Local_Time false, use_Server_Time true, startTime_Hour 2
Started: 20.12.2011
Stopped: 14.06.2014 (no longer available for sale, replaced by the vendor with a different system)
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Current version: 1.6.04

[myfxbook_image user=birt system=magic-champ-ii id=211423 desc=”Magic Champ II live forward test”]

Official accounts

Settings: risk 3
Started: 12.11.2009
Broker: FxPro
Account type: live
Deposits: €3000
Note: Currently running the Pro version.

[myfxbook_image user=LiveTrading system=magic-champ-ii-real-i id=8258 desc=”Magic Champ II official live forward test #1″]

Settings: risk 3
Started: 30.11.2009
Broker: FxPro
Account type: live
Deposits: €4128
Note: Currently running the Pro version.

[myfxbook_image user=LiveTrading system=magic-champ-ii-real-ii id=18891 desc=”Magic Champ II official live forward test #2″]

[myfxbook_note]

Backtests

I had to limit the history center data backtests to starting from 2007 due to a license error that would pop up otherwise.

Magic Champ II v1.6 EURUSD 2007-2011 backtest, history center data, spread 1.5, risk 5

Magic Champ II v1.6 EURUSD 2007-2011 backtest, history center data, spread 1.5, risk 5

Magic Champ II v1.6 GBPUSD 2007-2011 backtest, history center data, spread 2.0, risk 5

Magic Champ II v1.6 GBPUSD 2007-2011 backtest, history center data, spread 2.0, risk 5

Magic Champ II v1.6 EURUSD 2007-2011 backtest, tick data, real spread, risk 5

Magic Champ II v1.6 EURUSD 2007-2011 backtest, tick data, real spread, risk 5

Magic Champ II v1.6 GBPUSD 2007-2011 backtest, tick data, real spread, risk 5

Magic Champ II v1.6 GBPUSD 2007-2011 backtest, tick data, real spread, risk 5