Expert Advisor
4.69/5
334 total votes.
A Sold-Out Expert Advisor!

Trading Idea

Iris Fx is mostly trend-following by using a trailing stop and entries limit orders

Specifications

NFA compliance

It does not comply with FIFO or the hedging regulations if all three strategies are running.

Supported Currency Pairs

EURUSD

MetaTrader Chart Timeframe

H4, H1 (Two Strategies)

Forward Tests

Demo Account
Started On
Nov 30, 2010
Leverage
1:100
Total Gain
+1567.8%
MyFxBook (Test Hoster)

Live Test Summary

Started On
Nov 30, 2010
Account Leverage
1:100
Profit Factor
1.35
Total Gain
+1567.8%
Absolute Gain
+1567.8%
Monthly Gain
11.88%
Daily Gain
0.09%
Total Pips
2110.6
Total Trades
2437
Profit Amount
$15678.04
(%) Won Trades
2110.6
Drawdown
20.81%
Demo Account
Started On
Nov 06, 2011
Leverage
1:100
Broker
FinFx
Total Gain
+235.39%
MyFxBook (Test Hoster)

Live Test Summary

Started On
Nov 06, 2011
Account Leverage
1:100
Profit Factor
1.89
Total Gain
+235.39%
Absolute Gain
+272.13%
Monthly Gain
3.71%
Daily Gain
0.05%
Total Pips
1719.8
Total Trades
773
Profit Amount
$11769.60
(%) Won Trades
1719.8
Drawdown
8.97%

Backtests

Strategy 1

View Full Backtest

Backtests Settings

Symbol
EURUSD (Euro vs US Dollar)
Period
1 Hour (H1) 2008.01.02 10:00 - 2012.12.31 18:00 (2008.01.01 - 2013.01.01)
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Strategy1="EURUSD_H1"; Strategy2="EURUSD_H1"; Strategy3="EURUSD_H4"; strategy=1; lot_percent=20; lot_fixed=0.1;
Bars in test
31915
Ticks modelled
60643091
Modelling quality
n/a
Initial Deposit
$1000.00
Spread

Backtests Results

Total net profit
3417.14
Gross profit
4429.12
Gross loss
-1011.98
Profit factor
4.38
Expected payoff
3.36
Absolute Bal DD
28.40
Maximal Bal DD
81.00 (2.15%)
Relative Bal DD
5.13% (62.50)
Total Trades
1018
Short positions (won %)
478 (97.07%)
Long positions (won %)
540 (94.44%)
Profit trades (% of total)
974 (95.68%)
Loss trades (% of total)
44 (4.32%)
Largest Profit trade
39.60
Largest Loss trade
-40.30
Average Profit trade
4.55
Average Loss trade
-23.00
Maximum consecutive wins (profit in money)
114 (547.10)
Maximum consecutive losses (loss in money)
2 (-76.10)
Maximal consecutive profit (count of wins)
547.10 (114)
Maximal consecutive loss (count of losses)
-76.10 (2)
Avarage consecutive wins
24
Avarage consecutive losses
1

Strategy 2

View Full Backtest

Backtests Settings

Symbol
EURUSD (Euro vs US Dollar)
Period
1 Hour (H1) 2008.01.02 10:00 - 2012.12.31 18:00 (2008.01.01 - 2013.01.01)
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Strategy1="EURUSD_H1"; Strategy2="EURUSD_H1"; Strategy3="EURUSD_H4"; strategy=2; lot_percent=20; lot_fixed=0.1;
Bars in test
31915
Ticks modelled
60643091
Modelling quality
n/a
Initial Deposit
$1000.00
Spread

Backtests Results

Total net profit
8400.02
Gross profit
16987.44
Gross loss
-8587.42
Profit factor
1.98
Expected payoff
1.66
Absolute Bal DD
0.50
Maximal Bal DD
141.50 (1.66%)
Relative Bal DD
4.34% (60.80)
Total Trades
5050
Short positions (won %)
2532 (92.85%)
Long positions (won %)
2518 (93.17%)
Profit trades (% of total)
4697 (93.01%)
Loss trades (% of total)
353 (6.99%)
Largest Profit trade
47.00
Largest Loss trade
-44.60
Average Profit trade
3.62
Average Loss trade
-24.33
Maximum consecutive wins (profit in money)
96 (386.70)
Maximum consecutive losses (loss in money)
3 (-45.90)
Maximal consecutive profit (count of wins)
386.70 (96)
Maximal consecutive loss (count of losses)
-78.60 (2)
Avarage consecutive wins
14
Avarage consecutive losses
1

Strategy 3

View Full Backtest

Backtests Settings

Symbol
EURUSD (Euro vs US Dollar)
Period
4 Hours (H4) 2008.01.02 08:00 - 2012.12.31 16:00 (2008.01.01 - 2013.01.01)
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Strategy1="EURUSD_H1"; Strategy2="EURUSD_H1"; Strategy3="EURUSD_H4"; strategy=3; lot_percent=20; lot_fixed=0.1;
Bars in test
8777
Ticks modelled
60627410
Modelling quality
n/a
Initial Deposit
$1000.00
Spread

Backtests Results

Total net profit
3971.10
Gross profit
5409.04
Gross loss
-1437.94
Profit factor
3.76
Expected payoff
3.12
Absolute Bal DD
20.60
Maximal Bal DD
78.90 (2.11%)
Relative Bal DD
5.29% (67.60)
Total Trades
1272
Short positions (won %)
622 (98.07%)
Long positions (won %)
650 (95.69%)
Profit trades (% of total)
1232 (96.86%)
Loss trades (% of total)
40 (3.14%)
Largest Profit trade
39.40
Largest Loss trade
-40.78
Average Profit trade
4.39
Average Loss trade
-35.95
Maximum consecutive wins (profit in money)
131 (623.10)
Maximum consecutive losses (loss in money)
2 (-67.40)
Maximal consecutive profit (count of wins)
623.10 (131)
Maximal consecutive loss (count of losses)
-67.40 (2)
Avarage consecutive wins
31
Avarage consecutive losses
1

Risk

Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.

Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.