It is amazing how I just cannot end up reviewing commercial experts. Everytime I surf the web in search for new automated trading systems I find a couple or more new, sometimes even more expert advisors. I usually try to review all expert advisors I encounter each time I search for them as well as each time people ask me to review some system I have not come across. Today, it's the turn of the Adelpha trading system by FedoraFX. I have to say that the website, from my linux desktop, looks quiet unpolished and badly done. Of course, I recon this could be due to the nature of my operating system but an EA seller should have his website ready for any customer, regardless of what operating system they are using.
But well, let's go directly into what concerns us, the evaluation of the trading strategy and evidence provided by FedoraFX, the creators of the Adelpha expert advisor. I mean, when you first enter their website and start to see their backtesting graph the hair on the back of your neck must start to stand up. I mean, absolutely linear equity graph when backtesting for the past 10 years ? After looking a little bit more deeply at the trading system you find out that (not surprisingly) the system closes trades with very small profits. Now, this means that there is very significant backtesting interpolation error, so yes, backtesting of this EA is meaningless.
Besides that, the EA has no stoploss, and this is the reason why it doesn't have any loses for the past 10 years. It just does not close any trades with open draw down, that is, the stoploss is your account balance ! Couple that with the interpolation errors in backtesting and that means that on a live account you would have had a few wipeout during the past 10 years. In my opinion, this expert advisor is just completely worthless, not even the time it took me to enter the website, calculate the values and write all this on a review. Of course, I do this in order to prevent any of the inexperienced retail traders out there from gettings such a sure loss expert advisor.
Again, if you would like to learn more about long term stable profitable expert advisors you can trade for free and how you can also evaluate experts and stop this EA sellers from getting your money for systems that don't work please consider buying my ebook on automated trading or subscribing to my weekly newsletter to receive updates and check the live and demo accounts I am running with several expert advisors. I hope you enjoyed this article !
But well, let's go directly into what concerns us, the evaluation of the trading strategy and evidence provided by FedoraFX, the creators of the Adelpha expert advisor. I mean, when you first enter their website and start to see their backtesting graph the hair on the back of your neck must start to stand up. I mean, absolutely linear equity graph when backtesting for the past 10 years ? After looking a little bit more deeply at the trading system you find out that (not surprisingly) the system closes trades with very small profits. Now, this means that there is very significant backtesting interpolation error, so yes, backtesting of this EA is meaningless.
Besides that, the EA has no stoploss, and this is the reason why it doesn't have any loses for the past 10 years. It just does not close any trades with open draw down, that is, the stoploss is your account balance ! Couple that with the interpolation errors in backtesting and that means that on a live account you would have had a few wipeout during the past 10 years. In my opinion, this expert advisor is just completely worthless, not even the time it took me to enter the website, calculate the values and write all this on a review. Of course, I do this in order to prevent any of the inexperienced retail traders out there from gettings such a sure loss expert advisor.
Again, if you would like to learn more about long term stable profitable expert advisors you can trade for free and how you can also evaluate experts and stop this EA sellers from getting your money for systems that don't work please consider buying my ebook on automated trading or subscribing to my weekly newsletter to receive updates and check the live and demo accounts I am running with several expert advisors. I hope you enjoyed this article !
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