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Read detailed review
Read detailed review
FX MultiCore Trading System - 2 completely different strategies in one automated Forex trading system
Statistics
FX MultiCore EURUSD - Real 1
FX MultiCore USDCAD - Real 2
FXOpen broker has made the decision to close all STP account types. As a result, trading on some (or all) of this vendor's accounts has been interrupted. However, the account information is still being updated, and it is clear that all funds have been withdrawn, not lost. The EA continues to perform well. Over time, new statistics with current trading data will be added. You can find more information here
Due to an exceptional situation, the store's statistics are temporarily not displayed as stopped.
Backtests
Backtest (test on historical data) is the best tool for testing a strategy over a long period of time, to see how the EA (robot) performed before it was put on a real account. Below we show the results of FX MultiCore system backtests with different risk settings for CORE1 and CORE2.
FX MultiCore EURUSD. At high risk, CORE2 increased the account from $5,000 to $882,241
FX MultiCore USDCAD. At medium risk, CORE1 increased the account from $5,000 to $243,699
FX MultiCore EURUSD. At medium risk, CORE2 increased the account from $5,000 to $63,548
Information about FX MultiCore
FX MultiCore is a comprehensive trading system that consists of two separate robots, which we call CORE1 and CORE2. Each of these COREs is a separate robot with its own completely individual strategy, which has proven itself well in live trading over a long period of time. FX MultiCore is designed in such a way that you should use both COREs in one account, thus diversifying risks and ensuring more stable returns. The minimum deposit for the system is $200. FX MultiCore works on the MetaTrader 4 and MetaTrader 5 platforms.
We cooperate with the ForexStore marketplace, which will provide you with a convenient way of changing your account online as well as receiving all updates of our system. And also you will have a possibility to always download your copy of the system from the Personal Area.
ADVANTAGES OF FX MULTICORE
- 2 different independent strategies (EAs) in one system
- Long and successful history of live trading
- Works with two pairs: USDCAD, EURUSD
- Compatible with most brokers
- Drawdown control
CORE1
The first core (EA) of our system works on USDCAD currency pair. The strategy is built around the idea of avoiding trading against the trend. CORE1 analyzes the Market on high time frames, for example D1 (daily), and if the algorithm "sees" a bullish trend (up), which is gaining momentum, then the CORE1 algorithm blocks the possibility of opening SELL orders (against the trend). Only BUY trading is allowed during this period. When the trend is behind, the algorithm allows trading signals in both directions. This works as a filter to prevent you from trading against the trend.
To calculate an entry point, CORE1 uses several indicators and a special algorithm which helps to find good entry points. CORE1 can have a maximum of 3 orders in the Market at the same time.
CORE2
The second core (EA) of our system works on EURUSD currency pair. This strategy works by using multiple levels of the MA indicator to find the best moment for an entry point. Having found the entry point, CORE2 opens a market order in the right direction and depending on the values of our combination of different levels of the MA indicator, it calculates the individual TP and SL for the order to significantly increase the possibility of closing at TakeProfit and at the same time reduce the probability of reaching a StopLoss.
This approach provides accurate entry points, but reduces the number of possible signals, so be prepared for the fact that CORE2 does not trade very often. CORE2 can have a maximum of 1 order in the Market at the same time.
Purchase includes:
- 2 separate EAs (CORE1 and CORE2)
- Versions of EAs for MT4 and MT5
- 1 license of FX MultiCore system
- Possibility to change account number online
- Detailed User Manual
- Friendly technical support 24/7
Refund policy
We provide a full money-back guarantee during the first 30 days after purchasing. If our EA doesn’t work properly on your account, and we cannot do anything about it, we will return your money. If a drawdown on your account exceeds 35%, we will also initiate a refund process, on condition that you have used our recommended settings and provided proofs of that.
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full review
FX MultiCore Review
Introducing the FX MultiCore EA, a sophisticated 100% automated Forex robot engineered for consistent profit-making with a keen focus on safeguarding your capital. Functioning round-the-clock, the FX MultiCore EA operates on two major currency pairs, USDCAD and EURUSD, through its dual-core system. Read on the further FX MultiCore review to know more about this newest Forex robot.
Basic information about FX MultiCore:
- Price$339
- Currency pairEURUSD, USDCAD
- Number of real licenses1 license of FX MultiCore system
- SupportFriendly technical support 24/7
- RefundFull 30 days money-back guarantee
Conditions for trading:
- Minimal deposit amount$200
- Time frameAny
- TerminalMT4 and MT5
- BrokerAny
Live performance of FX MultiCore
The FX MultiCore EA, an advanced Forex trading robot, has showcased notable results via its two real live trading accounts known as CORE1 and CORE2. These accounts are publicly verified on the Myfxbook platform and have been actively trading the USDCAD and EURUSD pairs for periods of 15 and 17 months, respectively.
FX MultiCore EA began its live trading journey with the FXMulti_CORE2 (EURUSD) account in November 2022, starting with an initial investment of $1000. It then expanded its operations to the FXMulti_CORE1 (USDCAD) account in January 2023, with a starting deposit of $1100. Demonstrating exceptional profitability, the robot has achieved substantial gains of +803.69% over 17 months and +415.73% over 15 months respectively. These figures highlight the robot's impressive trading performance.
The trading charts for both accounts display a consistent and strong upward trajectory, with minimal instances of sharp declines or drawdowns. This steady progress is remarkable, as it differs from the typical fluctuations seen with swift growth in trading accounts. The sustained success of FX MultiCore EA highlights the effectiveness of its trading strategies and risk management protocols.
The EA’s trading results reflect a thoughtful and calculated trading style, prioritizing the reduction of risks while pursuing profit maximization. The FX MultiCore Forex robot demonstrates its proficiency in managing the complexity of the Forex market through a calculated and methodical approach, marking its significance in the automated trading sector.
USDCAD HighRisk
EURUSD HighRisk
USDCAD NormalRisk
EURUSD NormalRisk
The FX MultiCore EA is rigorously tested through dual backtesting procedures for its two trading cores and corresponding currency pairs. These evaluations illuminate the robot's trading capabilities by analyzing historical data, providing a transparent view of its performance across different scenarios. For each currency pair, there are two backtests: one simulates a High-risk setting, while the other is based on a Medium-risk setting.
Conducted in a 1-hour timeframe, the 4 backtests utilize the 'every tick' model, the most detailed method that uses the smallest available timeframes. With a modeling quality of 90%, these tests are perfectly in sync with the FX MultiCore EA's strategy, which avoids scalping. Covering an extensive 6-year testing period from 2018 to 2024, the historical data included in the backtests of FX MultiCore EA looks quite remarkable. Here are the highlights of the historical testing provided by the developer:
CORE1 (USDCAD):
At high risk, during a 6-year-long test, the account increased from $5,000 to $11,774,386.
At medium risk, during a 6-year-long test, the account grew from $5,000 to $243,699.
CORE2 (EURUSD):
At high risk, the account rose from $5,000 to $882,241.
At medium risk, the account went up from $5,000 to $63,548.
These figures showcase the potential profitability of the FX MultiCore EA under varying risk conditions. It’s important to note that past performance is not indicative of future results, and it’s crucial to consider the associated risks when evaluating such systems1.
Disclaimer
*The backtests are taken from the developers’ website
*The subsequent analysis of the adviser is based on live analytics from the Myfxbook website. We’ll go through the pluses and minuses of the trading system as well as the profit and drawdown analysis.
Profitability and drawdown
CORE1 Profitability to Drawdown Review
Live trading of the FXMulti_CORE2 account began in January 2023 with an initial fund of $1100. The FX MultiCore EA’s live trading record on the FXMulti_CORE1 account reveals a significant profit surge of +415.73% over a 15-month period, with the highest recorded drawdown at only 10.32%.
A closer look at the EA’s real live performance on this account allows us to measure its future potential and the balance between profits and drawdowns. The essential trading metrics for the FX MultiCore EA CORE1 account are as follows:
- Trading duration: 15 months
- Cumulative Profit: 415.73%
- Highest fixed drawdown: 10.32%
These figures suggest a Profit-to-Drawdown ratio of approximately 2.5:1 for the FX MultiCore EA’s CORE1 account, indicating that for every unit of drawdown, the EA generates about 2.5 units of profit. This ratio demonstrates the EA’s profit-generating efficiency and its dependability as a Forex trading robot.
It’s important to note that these results are based on actual trading with real funds on a live Myfxbook account, not merely simulations or backtests. This fact lends additional weight to the FX MultiCore EA’s performance, proving its ability to produce real results under live market conditions.
While these outcomes are impressive, it’s essential to remember that past performance is not indicative of future results. Nonetheless, these achievements place the FX MultiCore EA among the top contenders in the ForexStore rankings, making it a standout choice for traders aiming to optimize profitability with managed risk levels.
CORE2 Profitability to Drawdown Review
FX MultiCore EA began its live trading on the FXMulti_CORE2 account in November 2022 with an initial fund of $1000. The performance to date has been great, having a profit increase of +803.69%, which supports the developer’s statements about the algorithm’s effectiveness and efficiency.
The EA’s performance has been consistently positive, with an average monthly growth of 14.20%, contributing to its strong and enduring performance. These results highlight the EA’s potential for solid returns and affirm the strength of its trading strategy. The maximum recorded floating drawdown of the system was recorded at the level of 32.88%, which might reflect the possible high-risk settings chosen for the account.
By examining the FX MultiCore EA’s actual performance on a live account, we can conclude its prospects and the ratio between its profits and drawdowns. Here are the key trading metrics for the FX MultiCore EA highlighted in this review:
- Trading duration: 17 months
- Cumulative Profit: 803.69%
- Highest average drawdown: 32.88%
With these metrics, the Profit-to-Drawdown ratio for the FX MultiCore EA’s CORE2 account stands at approximately 1.5:1. This indicates that for every unit of drawdown experienced, the EA generates around 1.5 units of profit. This favorable ratio attests to the FX MultiCore EA’s profitability and reliability as a Forex trading robot.
Key features
The FX MultiCore EA employs a unique algorithm through its two separate robots, CORE1 and CORE2, each with its own individual strategy that has been proven effective in live trading over an extended period.
CORE1
It focuses on the USDCAD currency pair and is designed to trade in harmony with the trend. It analyzes the market on higher time frames like daily (D1) and restricts SELL orders during a bullish trend, allowing only BUY trades. When the trend weakens, it permits signals in both directions. CORE1 uses several indicators and a special algorithm to determine the best entry points and can manage up to 3 orders simultaneously.
CORE1 Strategy:
Currency Pair: USDCAD
Approach: Avoids trading against the market trend.
Method: Analyzes the market on higher time frames, like daily (D1), and restricts SELL orders if a bullish trend is detected.
Trading: Allows only BUY trades during a bullish trend and in both directions when the trend is neutral.
Indicators: Utilizes multiple indicators and a special algorithm to determine optimal entry points.
Order Limit: Can have up to 3 orders in the market simultaneously.
CORE2
It targets the EURUSD currency pair and operates using multiple levels of the MA indicator to pinpoint optimal entry points. Upon identifying an entry, CORE2 opens a market order in the correct direction and calculates individual TP and SL for each order to increase the chances of closing at TakeProfit and reduce the risk of hitting StopLoss1.
CORE2 Strategy:
Currency Pair: EURUSD
Approach: Utilizes multiple levels of the Moving Average (MA) indicator to identify the best moments for entry.
Trading: Opens market orders in the correct direction and calculates individual Take Profit (TP) and Stop Loss (SL) based on MA levels.
Goal: The system aims to increase the likelihood of closing at TP and reduce the chance of hitting SL.
Indicators: Utilizes different levels of the MA indicator
Order Limit: Can have only 1 order in the market at once
Both COREs are designed to operate together in one account, providing risk diversification and more stable returns. This strategic approach allows FX MultiCore EA to navigate the Forex market effectively, adapting to changing conditions and maintaining profitability. The system is compatible with MetaTrader 4 and MetaTrader 5 platforms and requires a minimum deposit of $200.
DRAWDOWN MANAGEMENT
The FX MultiCore EA has a systematic approach to recovering from drawdowns. It employs a combination of strategies to manage risk and enhance the potential for recovery:
- Dynamic Position Sizing: The EA adjusts the size of trading positions based on the current market conditions and the account’s equity. This helps to minimize losses and protect the account balance during drawdown periods.
- Trend Analysis: CORE1, for instance, avoids trading against the market trend, which can help to reduce the likelihood of extended drawdowns.
- Market Order Management: CORE2 uses a calculated approach for setting individual Take Profit (TP) and Stop Loss (SL) levels, aiming to close trades at TP more often than hitting SL.
- Drawdown Control: The system includes a drawdown control feature that monitors and manages the trading risk to prevent significant account declines.
These strategies work in tandem to mitigate risks and aim to steadily recover the account from any drawdowns. It’s important to remember that all trading involves risk, and there’s no guarantee of recovery from drawdowns. Traders should always use risk management practices that align with their investment goals and risk tolerance.
Trading analysis
CORE1 Trading Analysis
The analysis of the FX MultiCore EA's live trading data on the CORE1 account reveals the application of a specialized grid trading method. According to the developer, the EA is designed to manage up to three simultaneous orders. The trading pattern is clearly visible: the EA selects an entry point and, if the initial trade doesn't yield profit, the system initiates an additional order. If the first two trades are not profitable or bring almost no profit, a third trade is launched with a lot size that is 4 times larger than the initial one, aiming to cover the previous losses and secure a profit. All trades of one grid are always executed in the same direction, either as Buy or Sell orders.
This allows us to say that the system uses multiplied lot size in cases of previous losing trades, which helps the system to close the whole grid in profit even when having not-profitable trades. This lot size increment looks a little bit like some kind of modified Martingale strategy but with specifically pre-set and fixed lot size increments (the initial lot size is always multiplied by 4 for the third order in the grid).
Interestingly, the system does not use lot-size multiplication for the second trade after the first winning trade. This indicates that the Martingale pattern is used solely for the recovery process after a losing trade. By refraining from multiplying the lot size for winning trades, the system reduces the potential risk of incurring larger losses in the event of a prolonged losing streak.
As shown in the following picture, the initial lot size is pre-set by the system and at the moment is 0.30 Lot. The same is true for the amount of profitable trades (30.0 at the moment). In the example below we can see the three separate profitable trades (marked with purple) closed out of any grids with the same amount of pips set as TakeProfit for each.
Also, the FX MultiCore EA employs a compound interest strategy in determining its default lot size, as evident in the following screenshot. The initial lot size, starting at 0.13 during the beginning of live trading, has progressed to 0.30 as of the current review. This method facilitates a step-by-step expansion of the lot size, enabling the system to manage more substantial trades as it acquires additional market expertise and experience.
In the span of 15 months, the FX MultiCore EA has completed 151 trades, showcasing its robustness and reliability. On average, this amounts to about 5 trades per month. The system’s performance is commendable, with a win-loss ratio of 70% to 30%, indicating that successful trades more than double the unsuccessful ones, confirming the EA’s proficiency in profit generation.
The duration of the FX MultiCore EA’s trades on the market varies widely, from as little as 20 minutes to as long as 76 days. Typically, trades last between 1-2 hours to 7-8 days, demonstrating the system’s ability to seize short- to medium-term market opportunities.
It’s interesting to note that the most profitable trades for the FX MultiCore EA occur within a timeframe of 11 minutes to 7 days. Analysis of the trading data shows that trades left open for extended periods tend to result in losses.
CORE2 Trading Analysis
By looking at the trading graphs CORE2 account it becomes obvious that the claims of the developer about "two completely different systems in one" are true indeed. The CORE2 system seems to work completely differently from what we saw in the operation of the CORE1.
We could identify only a few insights about the systems' trading patterns from the trading graphs. The first and most important one is that the robot does not use the Grid strategy and does not allow trades to be opened simultaneously. However, the system uses lot size multiplication for recovery purposes, as is evident from the screenshot below.
As we can see, there is a clear pattern of every unprofitable trade to be followed by the trade with multiplied lot size which always has a pre-determined amount of pips (always 20 pips in the case of this account). However, the lot size can be increased dramatically (up to 4-5 times higher than the initial one). The actual multiplier seems to depend on the amount of money lost during previous unprofitable trade and not on the amount of pips lost.
The FX MultiCore EA utilizes a compound interest approach for the CORE2 account as well as for CORE1 (as seen in the screenshot below). This is demonstrated by the growth of the initial lot size from 0.38 at the start of live trading to 1.15 at the time of this review. This gradual increase in lot size allows the system to handle larger trades progressively, reflecting its growing proficiency and market experience.
In 17 months, there have been 50 trades completed on the CORE2 account. On average, this is equal to around 3 trades per month. The system’s performance has been amazing in terms of a win-loss ratio. It stands on the level of 80% to 20%, indicating that successful trades more than double the unsuccessful ones, confirming the EA’s proficiency in profit generation.
The duration of the FX MultiCore EA’s trades on the market varies from 40 minutes to as long as 11 days. Typically, trades last between 40 minutes to 1 day.
Conclusion
In conclusion, the FX MultiCore EA stands out as a robust and reliable automated trading system, demonstrating impressive gains of +803.69% and +415.73% on its CORE2 and CORE1 accounts respectively over a considerable period. Its strategic use of a modified grid trading approach, coupled with a compound interest strategy, allows for consistent profitability and effective risk management. The system's ability to maintain a favorable win-loss ratio and its adaptability to varying trade durations further attest to its efficacy. With real money trading results that reinforce its performance claims, the FX MultiCore EA emerges as a compelling choice for traders seeking a sophisticated and dependable Forex trading robot.
Final marks
So let’s finish this review by giving appropriate assessments to the FX MultiCore based on the analysis of its work, statistics, and other factors
Price VS Quality
Profitability / Drawdown
Statistics duration
Backtests
Authors’ rating
AVERAGE
The FX MultiCore EA stands out as a top-notch Forex robot, meeting all essential criteria while maintaining a reasonable cost. Awarded a perfect 5 out of 5 stars, it excels in providing a balanced and commendable profit-to-drawdown ratio, meeting the expectations of most traders. This exceptional performance positions the EA among the best Forex robots.
With an average profit-to-drawdown ratio of 1.5:1 and 2.5:1, the FX MultiCore EA shows an even stronger nature than other Forex robots. This impressive result contributes to the system's reliability and effectiveness, warranting a 5 out of 5-star rating. The EA's consistency in meeting the highest standards aligns with the expectations of traders seeking robust performance.
The FX MultiCore EA substantiates its capabilities through thorough statistical analysis and extensive backtesting. With 15 and 17 months of live trading data and a maximum 6-year backtesting period, the robot exceeds all the requirements. These comprehensive evaluations earn the system a perfect 5 out of 5-star rating, instilling confidence in its trading prowess and historical performance.
In my assessment, I hold a favorable and optimistic view of the FX MultiCore EA. Demonstrating strength as a successful market contender, it employs diverse trading strategies while prioritizing security and resilience. Awarded a rating of 5 out of 5 stars. The system has proven its adeptness in managing its strategy effectively, contributing to an overall positive evaluation.
At the moment of writing the review, the automated rating system of the ForexStore rated FX MultiCore EA with 10 points out of 10 which is in my opinion a well-deserved mark. This Forex robot deserves the mark because the system is profitable and reliable at the same time. I hope this helps you, traders! I wish you profitable trading and luck on the market!