This article is obsolete and no longer maintained. There is a chance to completely wipe out an account which is greatly increased in case of improper use. It is strongly recommended to only use Forex Envy as recommended by the vendor.
Furthermore, it is a good idea to aim to make withdrawals that amount to the sum of the deposit prior to any attempt to increase the account size. When using any martingale EA except the strictly limited ones , it is also a good idea to withdraw regularly even after you recovered your initial deposit. To illustrate the minimum starting balances with a leverage of 1: Trading Point Account type: One thing that sets Forex Envy apart from other martingale EAs is that the vendor acknowledges the risk and works together with each customer to create setting files tailored for their account, so all my backtests use the same starting balance and trading conditions as my live account and all the settings used below were those provided by the vendor in.
As you will see below, some of the backtests resulted in an account wipe. While that is a rare occurrence, the possibility of such an event is certainly not excluded. When evaluating the results here, since the same starting lot was used throughout the backtests regardless of the increased balance, a realistic calculation of the drawdown should be performed by reporting the maximal drawdown figure to the initial balance of Before we delve into the backtests, I would advise against opening the detailed statements in your browser due to their large size some of them exceed 50 MB which can give your browser a major headache.
Speaking of which, backtesting currency pairs with a suffix using history center data can be quite a pain in the behind because one has to rename each HST file and edit the currency name in all of them.