Forex Apocalypse MetaTrader Robot Test

Recently I purchased a new MetaTrader forex expert advisor called Forex Apocalypse. According to the manual, this EA uses a “wave reversal” trading strategy and utilises the CCI indicator for that purpose. It is important to note that it uses a LONG TERM trading strategy, so you need to be patient as you wait for it to trade.

It is designed to run on a 30 minute chart and it’s primary currency pair is the EURUSD – although the sales material claims it can run on pretty much any currency pair. But if you choose to run it on a greater timeframe such as a 4 hour chart you will achieve better results. Have a look at this 4 hour chart example below.

I requested details from the developers of Forex Apocalypse as to how it turned an account of $3,000 into over $100,000 per their sales pitch. They replied with a file showing the report for testing Forex Apocalypse over 14 months from January 2008 to July 2009 inclusive. During this time there were no loss trades but each trade in the test uses a lot size of 7.0 which means it is VERY high risk. If you started off using this setting and this happened to be the trade that took out your 65 pip pre-set stop loss, you could easily wipe out your account.

Forex Apocalypse comes with an automatic trade lot size of 0.5 which is more reasonable. You can adjust this according to your personal risk tolerance.

Although Forex Apocalypse is designed for a long term strategy, it also comes equipped with a trailing stop loss facility. So if you enter a trade and, after initially moving in the desired direction, the currency pair reverses significantly, it will take a smaller profit immediately. This is a nice safety feature. But if you’re into a longer trend, the robot will gradually increase the trailing stop loss in such a way that over the longer term, you could make a real killing.

Live testing so far is looking good. I will update this post with further results in a few weeks.

Try Forex Apocalypse for 60 Days Risk Free