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Messages - ForexBenchmark

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SFE Forex Evolution EAs / Re: SFE Night Scalper EA
« on: September 24, 2019, 08:38:24 AM »
An user question:

Dear Joel, how to custom the "Test_End_Trade_Hour" using version 5.0? New version only has one parameter, "Test_Open_Hour".

The new version only test if worth open the trades in the 'Test_Open_Hour' hour.
First of all, you have to recognize the hour 'zero' of your broker. In gmt+2/+3 brokers, like icmarkets, is just 0.

This hour, is the best for the system, but the spreads are very bad, so, you have to test this hour with 30 pippetes for example.
The pairs that in the hour 0 have profit ratios >=2.0-2.5 are Ok for trade at this hour.
In the other hours, a spread of 10 can be used. The pairs that have profit ratios >= 1-50-1.75 I like to use in these hours.

The potential hours to trade apart of the zero hour, are the hours before and the hours after, then, at final, if the pair can trade at 0 hour, the next step is see the 1,2 hour, and the 21,22,23, and depending of the results, establish the final range in live, for example from 23 to 1.

Really, don't push to much effort in the backtest of this EA, these kind of EAs in these hours are difficult to backtest properly. I'm guiding more for the real performance of the account than the backtest itself. And the current selection of pairs and hours, the default parameters, I have a big confidence, and the weight of jpy and aud currency is low, for avoid risks.

But beware, only with spreads like icmarkets or close to icmarkets the EA will be a clear winner.
Remember that the EA stores a file in the metatrader directory with the conditions of the spread in the open. If some user don't use icmarkets and want to share these files, we can see the reality of what happens....

Hello Joel,

in case I want to backtest the default settings of your EA, I will have to create 4 independent backtests for a single pair like CHFJPY (you set here the default settings of 21-0)?

Best regards,
Forex Benchmark Team

Other EAs / Re: Forex Cyborg
« on: September 11, 2019, 10:29:04 AM »
I'm happy to be here too. I like the SFE EAs.

You are right. These two EAs are really different and maybe it's not very useful to compare them.

I put the SFE Night Scalper on our EA test list.

We just finished another EA review and added a bunch of new brokers. Check it out :-)

Welcome ForexBenchmark and thank you for you review of SFE Attractor, I will put the link in the main thread.

Please, if you want to review SFE Night Scalper, please, wait first to see  a discussion I want to start about that kind of systems, in the new section of the forum  Forex Brainstorm Lab.

Thank you very much!

I will soon release a review for SFE night scalper. You can link it if you want, as soon as you are ready.

Other Brokers / General brokers discussion
« on: September 11, 2019, 10:27:52 AM »
Thanks for the effort. :)

Just checked the Brokers list, it seems IC Markets still has the best spread.

Is there any particular reason why Circle Markets and other brokers are unable to match the spreads of IC Markets’? Or is it just because IC Markets is a really big broker now?

Sorry for the late reply.

I think such discussions deserve a own thread, but I will try to answer it anyway.

First of all we added a new (sadly unregulated) broker that seem to have the lowest spreads (RannForex) until now.
And yes, IC Markets has great spread but that doesn't mean they are the best broker for anyone.

Beside this the slippage can be important too, to measure the overall costs (which we can't track). And IC Markets does not provide the best spread for each trading pair at every time period. For example: If you trade around the rollover timeframe (asian scalper), there are better brokers.

And in my opinion IC Markets is only able to provide such spreads, because they don't forward all trades to the LPs. They write the most trades in their own book. As soon as you are profitable you will get higher slippage. I think that is, because only in that case your trades will be executed directly into the market.

At the end the most important thing is not to find only "the best broker" (which by itself should not be choosen by the trading costs alone), but providing a list of many good brokers. We believe that it's the best to split the money on more than one broker. It will reduce the risk, that you could not get back your money in case of a bankruptcy and you will have the chance to use different liquidity pools (especially important for bigger lot sizes when you trade during low liquidity timeframes)

Other EAs / Re: Forex Cyborg
« on: September 05, 2019, 11:16:41 PM »
I'm happy to be here too. I like the SFE EAs.

You are right. These two EAs are really different and maybe it's not very useful to compare them.

I put the SFE Night Scalper on our EA test list.

We just finished another EA review and added a bunch of new brokers. Check it out :-)

Other EAs / Re: Forex Cyborg
« on: September 05, 2019, 10:44:58 AM »

Thank you for mention our website / review here.
We think both EAs are great, but I just would like to highlight a few points, why we rated Forex Cyborg higher than SFE Attractor.


In the portfolios you can see the following informations:

- Profit Factor: 2.29 (Cyborg) vs 1.8 (Attractor)

- "max. DD" / "Monthly profit" ratio:
-> Cyborg: 979,36 / 442,11 = 2,21
-> Attractor: 3565,42 / 1233,99 = 2,89

- Return / DD ratio: 52,37 vs 39,8

Live performance:

What matter at most here is the length of the track record:

28 months vs. 3 months


The cheapest price to get a license here is 499€ vs. $1200
We only gave here a half star more for Cyborg, because it's a single account license vs 5 activations for Attractor.
It's hard to compare prices here to be honest.

Here are some informations, how we calculate the overall ranking:

"Different weights are used for each category to calculate the total rating. Backtests: 0.8, live performance: 1.0, risk control: 0.7, customizability: 0.5, price: 0.8. "

So what matters at most is the live performance. We will update the rating here in the future, when the history grow up.

This all doesn't mean, that we think that Forex Cyborg will be better on long term. It's just the data we can compare currently and set a rating. This could and will change in the future for sure :-)

I hope this shows that we try to be as unbiased as possible.

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