Mccalla, Alabama (PressExposure) June 02, 2009 -- Is Forex Espionage (http://www-forexespionage.com) expert advisor a scam? Several Forex software sold online may display great backtest results. But as a matter of fact, these forex software lose a lot once they go trading live. This is because most of them are developed to fit for past results, and so won't be more successful on live trading.
To be honest, Forex Espionage made me skeptical at first. Its backtest curve is actually smooth and appeared too good to be true to me.
Factors applied to Evaluate Forex Espionage Software
1- Winning Percentage
When evaluating Forex Espionage automated software, there are numerous factors can be applied to judge its profitability. 1st factor is winning rate of the forex system. This refers to percent of winning trades which the forex system makes. Forex Espionage's winning rate in past years has been over 92% on the average, and the live testing is proving a higher success rate.
Another crucial factor in evaluation is the drawdown of the forex system. This is a percentage figure which tells me what is highest % of capital that Forex Espionage has lost. Regular automated forex trading software has drawdown of 10% to 20%. Forex Espionage's drawdown is 0.35% which explains how come the equity curve is smooth on its website.
Can You Really Trust Back Test Results and the Live Testing Results on the Forex Espionage Website?
After considering historical results and its live trading performance, I'm starting to assure that this forex software trades in direction of long term trend, and patterns of trading between backtest and live test are very similar. This shows that this forex robot is running with same rules and so the proof results are reliable.
Check Official Forex Espionage for more details at: http://www-forexespionage.com