FX MultiCore

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.

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.

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.

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.