Brainyforex tested Weekend Gap Trader EA for 8 months
We started our test for Weekend Gap Trader EA on 21 September 2015 with $10,000 in our demo account and finished with $12,365.36 on 30 May 2016. In summary a net profit of $2,365.36 over 264 days.ie 2.5% monthly.
The system made 126 trades each Monday morning, 80 being winning and 46 losing. Average trade length was 8.7 hours. 15 Winning weeks and 12 losing weeks.
The test was run on the following currency pairs, in order of highest net profit; AUDUSD $1368, EURAUD $1220, GBPAUD $1142, AUDJPY, NZDUSD, NZDJPY, EURUSD, GBPNZD, USDCHF, USDJPY, EURNZD, CHFJPY, GBPJPY, GBPCHF, EURJPY, GBPCAD, EURGBP, EURGBP $-628, EURCAD $-726, GBPUSD $-752.
The only downside I can see with running 19 currency pairs, using a 2% risk per pair is that the Risk-of-Ruin statistics show a 91% risk of losing 10% of the account balance, a 62% risk of losing 50%, and a 38.5% of losing 100%. These are the statistics calculated by fxblue reporting service, based upon the accounts trading performance.
The system has been coded very well and the software performed 100% with no issues at all. I can see a lot of time and effort has been put into the coding work with solid software being the result.