[NB: Live account link no longer working at 7 November 2018]
Congratulations on creating such a fantastic automated trading system and providing me with a copy for testing purposes. (See our test results on our IC Markets demo account here.)
As seen on the left the independent third party reporting statistics verified through myfxbook as at 21 December 2016 Inertia Trader EA shows great statistics through
their live account with FXChoice.
[Update : Brainyforex has tested this EA from 19 December 2016 to 10 March 2017. It made 64 trades with a total loss of -$273.50.]
It's winning trades are almost double the size of it's losing trades
with a accuracy of 52.5%. The average trade length about eight and a half
As at 21st December 2016, the date of this interview Evan's EA had achieved an overall net profit of 505% over a 7 month period with a 22.1% drawdown. That's an average of 26.8% each month.
May I begin this interview by getting to know you a bit better and then we can move onto some questions about the actual Inertia Trader strategy.
I notice from your website that your married with a child and I assume you live somewhere in America as you struggled working full-time in a good job with low pay? Now, with a change in your economic circumstances and money not being an issue for you are you planning to move to another more affluent part of USA or another country?
Evan : Yes, I was an assistant manager at a logistics company in Chicago. Horrible weather, horrible pay, horrible company. I was miserable. Yes absolutely, I got out of there asap and moved south.
Brainyforex : What do you do in your leisure time? Do you have any
sports or hobbies you share with your family?
Evan : In my free time, I usually like to hang out with friends and go play Billiards or Golf. I like relaxing activities that get me outside - even swimming.
Brainyforex : Are you happy with solely Inertia Trader strategy? Or are you trying to find improvements in the strategy? Are you also trying to create additional, different types of trading strategies? Ie More EA's?
Evan : I am happy with the strategy. My true focus was to create a strategy that didn't use high risk methods and had a low risk to high reward. This makes it a safer system and at some times needs patience, but I'm happy with it's direction and long term viability. I do test improvements for it and test other ideas, and those I
will make available to you and the public when complete.
Brainyforex : Looking at Inertia Trader's trading history I notice that a trailing stop is used? Can you please tell us a bit more about this?
Evan : Yes, it does use a trailing stop, but unlike other strategies out there, it's not tight, it's a loose trailing stop. It won't cut out a trade after 15 pips, 20 pips, even 30 pips, it wants to strive for a high reward vs risk balance before the trailing stop kicks in. A system doesn't have a good risk to reward if the trailing stop
kicks in too early.
Brainyforex : Does Inertia Trader use "the same" price pattern / candlestick pattern for each trade entry? Or does it use several combinations of price pattern / candlestick pattern or does it not
take any of this into account?
Evan : It uses the same rules always. There aren't a variety of options, just one set of rules for entry and always followed for strong volatile movements.
Brainyforex : I am assuming you have used a volume indicator for Inertia Trader? Would you be happy to share with us which volume indicator is used? Is it one of the standard metatrader volume
indicators or a custom built one? Don't expect you to go into specific details as to how it's used of course :)
Evan : I find that volume indicators aren't always as reliable as those for the stock market as in Forex. So I try to depend more on momentum indicators which have a similar result.
Brainyforex : What is the main drawback in market conditions to Inertia Trader? Ie What can cause it problems or not to perform well?
Evan : I would say that the main draw back would be in a ranging market that has minimal volatility and has a small jump that isn't enough to breakout to far of the range resulting in a retrace. This can cause a bad trade, but it causes minimal loss in comparison to what it wins when it wins. So it's a price to play, because those movements don't always fail and when they don't Inertia Trader pounces and collects huge gains - sometimes up to 100% profit in a short period.
Brainyforex : What main advise would you give to trading system developers out there?
Evan : I know it sounds like a broken record, but never give up, keep trying. Trial and error is key. It should be a hobby and a passion - never stop trying to improve.
Brainyforex : Thanks for your time in sharing with this interview.
Have you got any comments to share about the things mentioned in this interview?