Month: October 2020

Trade Copier added to the Smart Fore Tester Suite

Trade copier is the latest part of our flagship product – Smart Forex Tester Suite. We added it after recently conducted testing of the Automated trader.

Trade copier uses in live trading the market timing signals that are generated by our automated trader running on the TrueFX data feed.

The feed provided by TrueFX is unfiltered. You can have over 10K ticks an hour. And it’s of very high quality. Our strategies using this feed achieved  very positive results.

However, retail traders can’t execute orders via TrueFX. This is why we decided to use the quality signals to be executed over the MT connector that we already have.

You can check out our first Trade Copier test.

Winning day trading strategy

We have published 2 test reports on our winning day trading strategy that is included in our Automated Trader part of our Smart Forex Tester Suite. In our first monthly test on EUR/USD and GBP/USD the baseline strategy was consistently profitable when run on the TrueFX live data feed. In the second weekly test on GBP/USD the version1 of the baseline strategy made over 400 pips profit when the pair’s volatility was only 205 pips. The screenshot below shows how the profit was accumulating on all the trading session from Tuesday London thru Friday NY.
Winning day trading strategy: profit 400 pips
Weekly profit over 400 pips on GBPUSD with volatility 200 pips
The strategy was active all the time. The pattern we see: gains during volatile UK trading (dashed vertical lines) and losing small in calm markets after the NY session. The profit curve is very smooth – no big single losses. The longest losing streaks during Asian sessions resulted in only small absolute draw-down. Total win ratio of 50.2% means that an average wins were substantial. If paused during the Asian trading, the strategy would deliver much higher win ratio.