EMALGO by MetaProForex Demo Account Stopped test

by MetaPROForex.com

• Site closed

-1.17% WEEKLY · 33.2 weeks

Average Pips per Week:

-28 (Gross Pips: -930)

Average P/L per Week:

-1.17% (Gross P/L: -32.37%)

Maximum Equity used:

5.17% (Sep 27, 2011, 2:41:00 AM)

Test started:

Jul 19, 2011

Test Stopped:

Mar 8, 2012 (Tested 33.2 weeks)

Metatrader Expert Advisor

Abandoned Test

We appreciate MetaProForex team providing us the copy of EMALGO EA for our testing!

03.08.12 The FPA stopped the test as the company's website is closed.

10.07.11 EMALGO updated to v2.0... New: EMALGO V2.0 makes a major change in trade management strategy by doing away with the concept of breakeven level. EMALGO will now move the SL to just below the estimated Target Price which will ensure locking in of ateast 25-30 pips on each trade that achieves the estmated target price. Since this make it into a very tight trailing SL a larger number of trade will close at this level and a few trades will go on to reach higher gain when the price action shows strong movement. The dynamic trailing SL kicks in after a gain of about 100 pips is achived giving the trade enough room to achive maximum gains (~300-500 pips).
07.19.11 EMALGO installed on EURUSD H1 chart with default settings...

Developer Descriptions: EMALGO is powered by the Expectation-Maximization (EM) algorithm, which is a method of finding the maximum probable estimate of parameters in statistical models. This statistical theory has been adapted for the forex price action. Emalgo generates observed parameters from an array of indicators which is fed into the EM algorithm. The results from the EM algorithm gives out the most probable parameters for the next few bars based on input provided. EMALGO utilizes this to produce stunning success rates in short term trading.

EM is more frequently used in machine learning, medical image reconstruction and computer vision due to its ability to deal with missing data using observed variables. EM is becoming more popular in the financial industry for predicting price and manage risk of a portfolio. The rich set of observed parameters and the need for predicting the most probable parameters in the near future make EM algortihm a very powerful component of our software.

Statement FXPRO Financial Services Ltd

Account:

Name:

Currency:

USD

Date:

Mar 7, 2012

Closed Transactions Open Trades Working Orders

Closed Transactions:

Ticket	Open Time	Type	Size	Item	Price Open	S / L	T / P	Close Time	Price Close	Commission	Taxes	Swap	Profit	Pips
51219775	2011-07-05 11:19	balance	Deposit										10,000.00	0
52014514	2011-07-19 11:00	buy	0.40	eurusd	1.41910	1.40510	1.43510	2011-07-20 03:00	1.41908	0.00	0.00	1.15	-0.80	-0
52051209	2011-07-20 03:00	buy	0.40	eurusd	1.41912	1.42000	1.43532	2011-07-20 08:51	1.42000	0.00	0.00	0.00	35.20	9
52137850	2011-07-21 09:00	buy	0.40	eurusd	1.43068	1.43723	1.44678	2011-07-21 10:50	1.43723	0.00	0.00	0.00	262.00	66
52151108	2011-07-21 11:00	buy	0.40	eurusd	1.43803	1.43891	1.45413	2011-07-21 15:05	1.43891	0.00	0.00	0.00	35.20	9
52181214	2011-07-22 02:00	buy	0.40	eurusd	1.44092	1.44787	1.45832	2011-07-26 02:24	1.44787	0.00	0.00	2.30	278.00	70
View full statement
62288762	2012-02-23 06:00	buy	0.30	eurusd	1.32930	1.33158	1.35360	2012-02-23 11:59	1.33158	0.00	0.00	0.00	68.40	23
62301711	2012-02-23 11:59	buy	0.30	eurusd	1.33171	1.34026	1.35601	2012-02-27 04:38	1.34026	0.00	0.00	0.86	256.50	86
62432901	2012-02-29 00:00	buy	0.30	eurusd	1.34694	1.34104	1.37064	2012-02-29 09:06	1.34104	0.00	0.00	0.00	-177.00	-59
62471102	2012-02-29 15:00	sell	0.30	eurusd	1.33225	1.32994	1.30855	2012-03-01 08:03	1.32994	0.00	0.00	-4.82	69.30	23
62517612	2012-03-02 03:00	sell	0.30	eurusd	1.32485	1.32262	1.30115	2012-03-02 08:28	1.32262	0.00	0.00	0.00	66.90	22
62527355	2012-03-02 08:28	buy	0.30	eurusd	1.32260	1.31670	1.34630	2012-03-05 03:04	1.31670	0.00	0.00	0.86	-177.00	-59
62596134	2012-03-06 07:00	sell	0.30	eurusd	1.31457	1.31235	1.29097	2012-03-06 08:28	1.31235	0.00	0.00	0.00	66.60	22
										0.00	0.00	-30.36	-3,142.80	-930
										Closed P/L:			-3,173.16

Open Trades:

Ticket	Open Time	Type	Size	Item	Price Open	S / L	T / P	Price	Commission	Taxes	Swap	Profit	Pips
62599985	2012-03-06 08:28	sell	0.30	eurusd	1.31219	1.31809	1.28859	1.31409	0.00	0.00	-6.43	-57.00	-19
									0.00	0.00	-6.43	-57.00	-19
									Floating P/L:			-63.43

Working Orders:

Ticket	Open Time	Type	Size	Item	Price Open	S / L	T / P	Market Price

Summary:

Deposit/Withdrawal:	10,000.00	Credit Facility:	0.00
Closed Trade P/L:	-3,173.16	Floating P/L:	-63.43	Margin:	393.66
Balance:	6,826.84	Equity:	6,763.41	Free Margin:	6,369.75

Details:

Gross Profit:	7,232.64	Gross Loss:	-10,405.80	Total Net Profit:	-3,173.16
Profit Factor:	-0.70	Expected Payoff:	-27.35
Absolute Drawdown:	3,608.32	Maximal Drawdown:	4,606.88 (461.35%)	Relative Drawdown:	41.89% (4,606.88)
Total Trades:	116	Short Positions (won %):	53 (69.81%)	Long Positions (won %):	63 (68.25%)
		Profit Trades (% of total):	80 (68.97%)	Loss trades (% of total):	36 (31.03%)
Largest		profit trade:	427.86	loss trade:	-618.14
Average		profit trade:	90.41	loss trade:	-289.05
Maximum		consecutive wins ($):	10 (350.78)	consecutive losses ($):	3 (-1,136.00)
Maximal		consecutive profit (count):	1,091.27 (6)	consecutive loss (count):	-1,136.00 (3)
Average		consecutive wins:	3	consecutive losses:	1

Analytics

Trading Instruments

Maximum Equity Usage Recorded, 461.35%

Recorded on Mar 6, 2012 8:28:00 AM Broker Time

Average trade length: 16 hours, 2 minutes, 57 seconds

Average trades opened daily/weekly/monthly: 0/2/9

Trading Days of the Month

Trading Days of the Week

Simulator

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MetaPROForex.com Performance tests

Status	Account	Product	P/L Weekly,%	Weeks tested	P/L Gross,%
		MetaPRO Forex	-4.55	62.7	-94.601
		FxCore Scalper	-1.59	49.9	-55.087

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