Expert Advisor
4.7/5
764 total votes.
A Sold-Out Expert Advisor!

It's important to note that the Joker EA SL hits seem to occur sometimes clearing a considerable portion of the profits despite it seems to be displaying an overall ascending balance. Given its profitable trade average size, it is just suitable with brokers providing very good spreads and execution.

Trading Idea

A scalping robot on trend pullbacks, resembling WallStreet Forex Robot. While its TP is set at 35 pips from the entry, it prefers to close most of the trades at 2-4 pips in profit and rarely keeps a trade running its full course. Its SL is set at 70 pips

Specifications

License

Single: 1 live account, 1 demo account.
Full: 2 live accounts, 2 demo accounts.
VIP: 3 live accounts, 3 demo accounts.

NFA compliance

Yes.

Supported Currency Pairs

EUR/USD

MetaTrader Chart Timeframe

M5

Live Performance

Real Money Account
Started On
2015-02-02
Leverage
1:500
Starting Balance
$$1000
Total Gain
+28.87%
MyFxBook (Test Hoster)

Live Test Summary

Started On
2015-02-02
Account Leverage
1:500
Profit Factor
1.26
Total Gain
+28.87%
Absolute Gain
+28.87%
Monthly Gain
9.15%
Daily Gain
0.15%
Total Pips
197.6
Total Trades
95
Profit Amount
$316.20
(%) Won Trades
197.6
Drawdown
25.45%
Real Money Account
Started On
2013-12-11 00:00:00
Leverage
1:500
Starting Balance
$$1000
Total Gain
+27.15%
MyFxBook (Test Hoster)

Live Test Summary

Started On
2013-12-11 00:00:00
Account Leverage
1:500
Profit Factor
3.92
Total Gain
+27.15%
Absolute Gain
+27.0%
Monthly Gain
13.26%
Daily Gain
0.04%
Total Pips
104.9
Total Trades
31
Profit Amount
$271.96
(%) Won Trades
104.9
Drawdown
2.23%

Dukascopy tick data backtests

The data set that the backtest run through, was obtained from the Dukascopy tick data archives, extends along the whole available 2007-2013 period and is using real spread.

Backtests Settings

Symbol
EURUSD (Euro vs US Dollar)
Period
5 Minutes (M5) 2007.03.30 16:01 - 2013.02.15 21:59
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Key=""; _MM="Money management:"; RecoveryMode=false; FixedLot=0.1; AutoMM=3; AutoMM_Max=50; s10="Parameters of settings of opening:"; Parametr_01=95; Parametr_02=25; s11="Parameters of settings of closing:"; Parametr_11=-40; Parametr_12=70; s12="The settings of the SL, TP"; StopLoss=70; TakeProfit=35; s23="Other settings"; ECN=true; Virtual_Stop=false; slippage=3; MagicNumber=7777777; comment="Joker EA"; MaxSpread=2; Start_Hour_Monday=0; Stop_Hour_Friday=22;
Bars in test
438973
Ticks modelled
82595510
Modelling quality
99.00%
Initial Deposit
$10000.00
Spread

Backtests Results

Total net profit
46802.03
Gross profit
129753.88
Gross loss
-82951.85
Profit factor
1.56
Expected payoff
15.43
Absolute Bal DD
26.60
Maximal Bal DD
3718.64 (26.62%)
Relative Bal DD
26.62% (3718.64)
Total Trades
3034
Short positions (won %)
1494 (94.85%)
Long positions (won %)
1540 (91.56%)
Profit trades (% of total)
2827 (93.18%)
Loss trades (% of total)
207 (6.82%)
Largest Profit trade
450.00
Largest Loss trade
-1198.88
Average Profit trade
45.90
Average Loss trade
-400.73
Maximum consecutive wins (profit in money)
79 (6086.54)
Maximum consecutive losses (loss in money)
3 (-727.93)
Maximal consecutive profit (count of wins)
6086.54 (79)
Maximal consecutive loss (count of losses)
-1841.00 (2)
Avarage consecutive wins
15
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.