Forex Torpedo Demo Account Stopped test
Forex Torpedo trading system is built around Parabolic SAR Indicator. Manual thoroughly explains entry and exit strategy, and built in account management system. Software comes in form of four expert advisors optimized each for its currency pair, EA should work with 4 or 5 digit price feed and ECN type of brokers. Although system sounds reasonable, I don't see anything revolutionary about it, also one of upsell offers promises to increase profitability of ANY EA by 500% . Are you kidding me? I'd love one of our members to thoroughly review it. For this test we are using regular, not advance version of the EA. We will purchase advanced version as well should results of this test become promissing.
More about advanced version from developer letter: It has come to our attention that a few traders are experiencing irregular lot sizing placement (too large for the account balance) with the Torpedo Advanced EA. Please urgently check your account and if the trade size seems too big (eg; 5.4 lots for a $10,000 balance etc) please immediately disable that EA
11.07 12 Test stopped. Website is closed.
05.13.10 Forex Torpedo updated...
03.10.10 Forex Torpedo installed on EURUSD, GBPUSD, AUDUSD and USDJPY H1 charts with default settings...
Statement FXPRO Financial Services Ltd
Closed Transactions:
| Ticket | Open Time | Type | Size | Item | Price Open | S / L | T / P | Close Time | Price Close | Commission | Taxes | Swap | Profit | Pips |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20949985 | 2010-03-10 21:19 | balance | Deposit | 5,000.00 | 0 | |||||||||
| 21089347 | 2010-03-15 05:00 | sell | 0.10 | eurusd | 1.37073 | 1.39073 | 0.00000 | 2010-03-16 00:00 | 1.36983 | 0.00 | 0.00 | -0.14 | 9.00 | 9 |
| 21137391 | 2010-03-16 00:00 | buy | 0.10 | eurusd | 1.36983 | 1.36983 | 0.00000 | 2010-03-17 11:00 | 1.37387 | 0.00 | 0.00 | -0.11 | 40.40 | 40 |
| 21185548 | 2010-03-16 13:00 | buy | 0.10 | gbpusd | 1.51789 | 1.51804 | 0.00000 | 2010-03-18 02:47 | 1.52660 | 0.00 | 0.00 | -0.04 | 87.10 | 87 |
| 21257257 | 2010-03-17 11:00 | sell | 0.10 | eurusd | 1.37387 | 1.37387 | 0.00000 | 2010-03-19 00:00 | 1.36213 | 0.00 | 0.00 | -0.56 | 117.40 | 117 |
| 21373904 | 2010-03-19 08:00 | sell | 0.10 | eurusd | 1.35507 | 1.37507 | 0.00000 | 2010-03-22 07:00 | 1.35040 | 0.00 | 0.00 | -0.14 | 46.70 | 47 |
| View full statement | ||||||||||||||
| 67397388 | 2012-10-23 11:01 | sell | 0.10 | audusd | 1.02565 | 1.03465 | 0.00000 | 2012-10-24 09:05 | 1.03465 | 0.00 | 0.00 | -0.93 | -90.00 | -90 |
| 67421541 | 2012-10-25 02:00 | buy | 0.10 | eurusd | 1.30006 | 1.28006 | 0.00000 | 2012-10-25 16:00 | 1.29444 | 0.00 | 0.00 | 0.00 | -56.20 | -56 |
| 67464186 | 2012-10-30 06:00 | buy | 0.10 | eurusd | 1.29547 | 1.27547 | 0.00000 | 2012-10-30 22:00 | 1.29643 | 0.00 | 0.00 | -0.17 | 9.60 | 10 |
| 67491560 | 2012-10-31 07:00 | buy | 0.10 | eurusd | 1.30060 | 1.28060 | 0.00000 | 2012-10-31 17:00 | 1.29558 | 0.00 | 0.00 | -0.52 | -50.20 | -50 |
| 67407710 | 2012-10-24 10:00 | buy | 0.10 | gbpusd | 1.60464 | 1.59564 | 0.00000 | 2012-11-02 07:42 | 1.60429 | 0.00 | 0.00 | -0.72 | -3.50 | -4 |
| 67506450 | 2012-10-31 17:00 | sell | 0.10 | eurusd | 1.29558 | 1.29558 | 0.00000 | 2012-11-04 22:00 | 1.28236 | 0.00 | 0.00 | -0.08 | 132.20 | 132 |
| 67540294 | 2012-11-05 06:00 | sell | 0.10 | eurusd | 1.27888 | 1.29888 | 0.00000 | 2012-11-05 16:00 | 1.27973 | 0.00 | 0.00 | -0.04 | -8.50 | -9 |
| 0.00 | 0.00 | -478.04 | -2,574.76 | -2,450 | ||||||||||
| Closed P/L: | -3,052.80 | |||||||||||||
Open Trades:
| Ticket | Open Time | Type | Size | Item | Price Open | S / L | T / P | Price | Commission | Taxes | Swap | Profit | Pips | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 67244954 | 2012-10-05 11:00 | buy | 0.10 | usdjpy | 78.70 | 78.72 | 0.00 | 80.10 | 0.00 | 0.00 | -0.86 | 173.92 | 139 | |
| 67442258 | 2012-10-26 11:00 | buy | 0.10 | audusd | 1.03617 | 1.02717 | 0.00000 | 1.04604 | 0.00 | 0.00 | 9.13 | 98.70 | 99 | |
| 67534119 | 2012-11-04 16:00 | sell | 0.10 | gbpusd | 1.60096 | 1.60996 | 0.00000 | 1.60337 | 0.00 | 0.00 | -0.42 | -24.10 | -24 | |
| 67552952 | 2012-11-06 13:00 | buy | 0.10 | eurusd | 1.28225 | 1.26225 | 0.00000 | 1.28620 | 0.00 | 0.00 | -0.17 | 39.50 | 40 | |
| 0.00 | 0.00 | 7.68 | 288.02 | 253 | ||||||||||
| Floating P/L: | 295.7 | |||||||||||||
Working Orders:
| Ticket | Open Time | Type | Size | Item | Price Open | S / L | T / P | Market Price |
|---|
Summary:
| Deposit/Withdrawal: | 5,000.00 | Credit Facility: | 0.00 | ||
|---|---|---|---|---|---|
| Closed Trade P/L: | -3,052.80 | Floating P/L: | 295.70 | Margin: | 491.94 |
| Balance: | 1,947.20 | Equity: | 2,242.90 | Free Margin: | 1,750.96 |
Details:
| Gross Profit: | 29,166.44 | Gross Loss: | -32,219.24 | Total Net Profit: | -3,052.80 |
|---|---|---|---|---|---|
| Profit Factor: | -0.91 | Expected Payoff: | -4.08 | ||
| Absolute Drawdown: | 4,019.56 | Maximal Drawdown: | 4,459.64 (81.98%) | Relative Drawdown: | 81.98% (4,459.64) |
| Total Trades: | 749 | Short Positions (won %): | 386 (39.64%) | Long Positions (won %): | 363 (44.08%) |
| Profit Trades (% of total): | 313 (41.79%) | Loss trades (% of total): | 436 (58.21%) | ||
| Largest | profit trade: | 783.02 | loss trade: | -200.26 | |
| Average | profit trade: | 93.18 | loss trade: | -73.90 | |
| Maximum | consecutive wins ($): | 8 (587.92) | consecutive losses ($): | 11 (-724.70) | |
| Maximal | consecutive profit (count): | 991.51 (4) | consecutive loss (count): | -724.70 (11) | |
| Average | consecutive wins: | 2 | consecutive losses: | 2 | |