Forex Lightning Demo Account Stopped test
06.23.10 Forex Lightning Demo test stopped due to "impressive" performance: gross equity change: -99.25%
05.20.10 Forex Lightning EA installed on EURUSD, USDJPY, USDCHF and EURCHF H1 charts with default settings...
EA manual full of hard-understanding recommendations and ends with this note:
Regardless of your trading experience, anyone can install and run this EA.
However, having some knowledge of the market and how to identify and evaluate market conditions can make a difference in the effectiveness of this and most other EAs. If you are new to the Forex Market, we would suggest gaining at least, a basic understanding of how the market works and some technical indicators.
I never thought of the Expert Advisors this way... So if there are two identical robots trading identical accounts under identical conditions one is installed by newbie and another by some one who understands how the market works, the performance would be different?
Great!. If you make more money with this EA than we, it means that your market understanding is better :-)
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25347159 | 2010-05-20 08:32 | balance | Deposit | 5,000.00 | 0 | |||||||||
| 25348649 | 2010-05-20 08:45 | sell | 0.10 | eurchf | 1.41760 | 0.00000 | 1.42000 | 2010-05-20 10:15 | 1.42000 | 0.00 | 0.00 | 0.00 | -20.82 | -24 |
| 25348654 | 2010-05-20 08:45 | sell limit | 0.40 | eurchf | 1.42510 | 0.00000 | 0.00000 | 2010-05-20 10:15 | 1.42003 | 0.00 | 0.00 | 0.00 | 0.00 | -51 |
| 25348655 | 2010-05-20 08:45 | sell limit | 0.80 | eurchf | 1.42760 | 0.00000 | 0.00000 | 2010-05-20 10:15 | 1.41988 | 0.00 | 0.00 | 0.00 | 0.00 | -77 |
| 25348656 | 2010-05-20 08:45 | sell limit | 1.60 | eurchf | 1.43010 | 0.00000 | 0.00000 | 2010-05-20 10:15 | 1.41992 | 0.00 | 0.00 | 0.00 | 0.00 | -102 |
| 25348658 | 2010-05-20 08:45 | sell limit | 3.20 | eurchf | 1.43260 | 0.00000 | 0.00000 | 2010-05-20 10:15 | 1.41977 | 0.00 | 0.00 | 0.00 | 0.00 | -128 |
| View full statement | ||||||||||||||
| 26312953 | 2010-06-01 23:38 | sell | 0.10 | eurusd | 1.22090 | 0.00000 | 1.21940 | 2010-06-02 00:05 | 1.21940 | 0.00 | 0.00 | 0.00 | 15.00 | 15 |
| 26312958 | 2010-06-01 23:38 | sell limit | 0.10 | eurusd | 1.22340 | 0.00000 | 0.00000 | 2010-06-02 00:05 | 1.21977 | 0.00 | 0.00 | 0.00 | 0.00 | -36 |
| 26312960 | 2010-06-01 23:38 | sell limit | 0.20 | eurusd | 1.22590 | 0.00000 | 0.00000 | 2010-06-02 00:05 | 1.21988 | 0.00 | 0.00 | 0.00 | 0.00 | -60 |
| 26312964 | 2010-06-01 23:38 | sell limit | 0.40 | eurusd | 1.22840 | 0.00000 | 0.00000 | 2010-06-02 00:05 | 1.21971 | 0.00 | 0.00 | 0.00 | 0.00 | -87 |
| 26312966 | 2010-06-01 23:38 | sell limit | 0.80 | eurusd | 1.23090 | 0.00000 | 0.00000 | 2010-06-02 00:05 | 1.21961 | 0.00 | 0.00 | 0.00 | 0.00 | -113 |
| 25849647 | 2010-05-27 20:50 | sell | 1.60 | usdjpy | 91.15 | 0.00 | 0.00 | 2010-06-03 02:01 | 92.39 | 0.00 | 0.00 | -11.58 | -2,144.00 | -124 |
| 25849645 | 2010-05-27 10:31 | sell | 0.80 | usdjpy | 90.90 | 0.00 | 0.00 | 2010-06-03 03:11 | 92.48 | 0.00 | 0.00 | -6.76 | -1,367.63 | -158 |
| 0.00 | 0.00 | -20.25 | -4,942.16 | -1,284 | ||||||||||
| Closed P/L: | -4,962.41 | |||||||||||||
Open Trades:
| Ticket | Open Time | Type | Size | Item | Price Open | S / L | T / P | Price | Commission | Taxes | Swap | Profit | Pips | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 | 0.00 | 0 | ||||||||||
| Floating P/L: | 0 | |||||||||||||
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: | -4,962.41 | Floating P/L: | 0.00 | Margin: | 0.00 |
| Balance: | 37.59 | Equity: | 37.59 | Free Margin: | 37.59 |
Details:
| Gross Profit: | 1,740.66 | Gross Loss: | -6,703.07 | Total Net Profit: | -4,962.41 |
|---|---|---|---|---|---|
| Profit Factor: | -0.26 | Expected Payoff: | -33.08 | ||
| Absolute Drawdown: | 4,962.41 | Maximal Drawdown: | 5,426.86 (99.31%) | Relative Drawdown: | 99.31% (5,426.86) |
| Total Trades: | 150 | Short Positions (won %): | 54 (70.37%) | Long Positions (won %): | 96 (65.62%) |
| Profit Trades (% of total): | 101 (67.33%) | Loss trades (% of total): | 49 (32.67%) | ||
| Largest | profit trade: | 90.51 | loss trade: | -2,155.58 | |
| Average | profit trade: | 17.23 | loss trade: | -136.80 | |
| Maximum | consecutive wins ($): | 23 (348.88) | consecutive losses ($): | 9 (-820.69) | |
| Maximal | consecutive profit (count): | 348.88 (23) | consecutive loss (count): | -3,529.97 (2) | |
| Average | consecutive wins: | 6 | consecutive losses: | 3 | |