Everex Elite Real Account Stopped test

by EverexFX.com Site closed
+1.21% WEEKLY · 23.3 weeks
Average Pips per Week:
+8 (Gross Pips: +192)
Average P/L per Week:
+3.58% (Gross P/L: +131.23%)
Maximum Equity used:
0.81% (Jul 28, 2014, 7:21:00 PM)
Test started:
Mar 11, 2014
Test Stopped:
Aug 22, 2014 (Tested 23.3 weeks)
Voluntarily Quit

We appreciate EverexFX.com sharing their EA performance on a LIVE account with ForexPeaceArmy.com traders community!

April 2015:  EverestFx has asked the FPA to add this message to this test page.   ATTENTION:   The test results are misleading! Everex Elite professional Expert Advisor calculates the trade sizes with a built-in Money-Management system. There was a huge deposit on 14.07.2014 and with bigger trade sizes on the profit chart few trades caused huge losses, but in percentage it wasn’t significant. Please also check the total gain chart in percent!
You can see the results from an alternative method of calculating the percentages here at this link...

https://www.everexfx.com/wp-content/uploads/2015/04/Total_Gain_Percent.png

FPA TESTING NOTE:  Everest Elite made a large percentage of profit off of a small initial deposit.  After a large deposit, there were losses which eliminated most of the profits, but were a small percentage of the new total in the account.  The FPA uses a time weighted method for dealing with total deposits.  Time has shown us that this is the optimum way to deal with accounts having deposits and withdrawals.  This can create some statistical issues shortly after large deposits or withdrawals, but if a test continues to run, those average out over time.  The system is not perfect, but we firmly belive that it is as fair as possible.  We wish EverestFx had continued to keep the original test running.  We invite EverestFx to submit a new account for testing and suggest that the new account keep deposits and withdrawals to less than 10% of the account equity in any 30 day period.

 

Please address ALL questions regarding the settings of this EA to EverexFX.com support. The FPA is monitoring this EA using the investor password and has no access to the settings being used.

2014-08-24 Everex Elite Real Test stopped per owner's request. Note from owner: Closing this account because of broker issues.

2014-07-21 Everex Elite Real Test started with help of Investor Access.

Description: Everex Elite was developed and improved with 5 years of hard work by a professional team. It is an ultimate Expert Advisor working with MetaTrader 4. You can’t buy any strategy like this on the internet, that is guaranteed. Totally automated program package, easy to install, to set up and to run. The autonomous operation is supported with several mathematical algorhythms that adapt to the current Forex conditions in every single tick. With our individual user interface you can get all of the information while the strategy is working hard for You! Everex Elite is an excellent high-end Expert Advisor which is completely safe and grants you high profit. After the installation and the setting up is ready, the program will run 100% automated and profitable with no further attention required. The working principal of this strategy is based on market resistance levels. During the years we have successfully developed a continuously adaptive StopLoss system. To reach this results, statistics were generated and analyzed in depth with the help of different mathematical softwares. Another scientific approach was the searching and analyzing of mathematical connections in the dynamics of Forex market data, based on different new generation mathematical researches (Neural Networks, Reinforcement Learning, Support Vector Machines etc.). Everex Elite is generally only in trade for 30 seconds but during this time our intelligent Stoploss system analyses, evaluates and reacts to all market movements. Based on these we modify the StopLoss value 20-30 times during each and every trade. All this effort grants the possibility for Everex Elite to be continuously profitable in the last 6 years.