How to trade the Magic MA EA using GOLD - XAUUSD: Report Dec 2014
One of our clients asked us to test spot GOLD for them. This test confirmed that the Magic MA is the best Double our Account EA we have seen. It is the most underestimated EA around because it is so simple and is tradable on a totally set and forget basis.
GOLD (XAUUSD) produced $1 352 on a $200 account in a test from the end of October 2014 ( 9 weeks). This doubled a $ 200 account 6.7 times!!. The set and forget results for the whole year are higher than those achieved in Nov and Dec 2014. GOLD appears to be more robust than most currencies tested and produces amongst the best set and forget results we have seen.
To see the actual trades in trading account format and equity curve please see the test and transaction listing details below.
This service uses data supplied by a third party (mainly TickStory) and software supplied by a third party (MT4 Strategy tester). It also uses a Genetic Algorithm to reduce testing time. These could have internal unknown weaknesses. Although good information like when the EA performs well and when it does not, Historic price action can at best provide a GUIDE for trading into the future. Expert4x and its employees and associates can therefore not be held responsible for any trading results that occur as result of the above information. The information is mainly supplied for educational and trading support guidance. Please use this information supplied in this service at your own risk.
Also consider the general risks involved in Forex trading and never risk any money you cannot afford to lose.
Also please bear in mind that different data bases using different time zones and the use of the Genetic Algorithm may produce inconsistent testing and optimization results even if the tester uses the same apparent information. You may experience different results in your own optimization activities. Our recommendation it to go with the results you can personally put the most trust into. Please remember that optimization is not an exact science and testing results can vary considerably. Therefore use the results as Guides and back the results up with other outside information and common sense where possible.