Daily Archives: March 18, 2013

New Findings On ForteFX Best Performing Settings 8

Hi everyone,

after 3 weeks of trading with ForteFX we are starting to see how much the new trend score algos affect the trading strategy and most importantly the drawdown level.

Using the new algorithms based on PotenzaFX/PowerbarsFX we have good performances with very low DD.

As you know we can only forward test using those two indicators and we’ve been trying to test almost every possible combination of parameters.

Now we can start discussing what we’ve found:

1) the “HullMA” algo (1) is probably the best performing but also the one with the largest DD.

2) the “PowerbarsFX” algo (3) is the “worst” performer but also the one with the lowest DD.

3) the “PotenzaFX” algo (2) actually is giving the best performance/DD ratio.

Here are all the forward test demo accounts performances:

As you may notice we have also been testing other settings than the ones we suggested in the beginning. The main changes in the input settings regard the “trend threshold” parameter. Here are the links to the 4 new demo accounts that we’ve been running these last weeks:

PotenzaFX (Algo 2) – Step 50 – Trend Threshold 1

PotenzaFX (Algo 2) – Step 10 – Trend Threshold 2

PowerbarsFX (Algo 3) – Step 50 – Trend Threshold 1

PowerbarsFX (Algo 3) – Step 50 – Trend Threshold 1

So far, we can say that the best performer (in term of gain/dd) is the “PotenzaFX/10 step/2 trend threshold” (http://www.myfxbook.com/members/pimpmyea/fortefx-algo-2-102/499451) setup and we suggest you to test it as well. It gained about 3% with a max DD of 2% with an impressive Profit Factor of 5.48!

As we said since the very beginning we suggest you to test ForteFX EA for about a couple of months before deciding to go live. We need that time to learn well how it works and to “tune” settings for best performances. We think we are very near but keep on demo trading for a few more weeks 😉

Have a great day,