Nami Forex Review

nami-forex-ea-boxThe design of this expert advisor is structured on a trend-following strategy involving a number of specifically designed technical indicators. This automated solution searches for serious price movements before executing between 1 and 2 limit orders in the direction of the prevalent trend.

Positions are then activated after price fully completes a corrective dip during bullish trends or a rally during bearish ones.  By adopting such a policy, the Nami attempts to detect the start of trends in order to maximize profits. Stop-losses and profit-targets are always implemented to support all active positions possessing values ranging from 90 to 150 pips.

The product specializes in trading the EUR/USD currency pair. Specifically, the design does not include risky concepts such as those associated with Grid and Martingale strategies. In addition, the Nami does not focus on scalping but aims to activate between five and ten high quality trades per month by concentrating on profit instead of volume. The key features of this product are as followings:

–      A small minimum deposit of just £500 is required

–      The Nami has produced verifiable profits for all premier Forex brokers

–      Exhibits a large average profit per trade

–      Utilizes limit orders to open new positions with maximum profit potential back by minimum risk

–      This tool is simple to install since only a limited number of parameters need to be optimized before trading can commence

–      This expert advisor is fully automatic implying that no user intervention is required whatsoever

–      The Nami is NFA compliant

So, does the Nami’s performance measure up to all these bold promotional statements or is it just over-hyped? The following test results and subsequent analysis are presented in order to provide objective answers to these pertinent questions.

Performance Tests

The results from a sequence of tests, that have recently been performed, are now displayed in the following table. In addition, the average values are presented in the rightmost column.

 

Test 1

Test 2

Test 3

Average

Total Trades

114

106

104

108

Short Positions (won)

61

53

51

55

Long Positions (won)

59

51

49

53

Profit Trades

71

63

61

65

Loss trades

49

41

39

43

Largest Profit

$52

$44

$42

$46

Largest Loss

$45

$37

$35

$39

Average Profit

$14

$15

$13

$14

Average Loss

$21

$13

$11

$15

Max. Consecutive Wins

15

7

5

9

Max. Consecutive Losses

11

3

1

5

Average Consecutive Wins

3

1

5

3

Average Consecutive Loss

$3

$4

$5

4

 

Key Parameters

You now require a technique to assist you in evaluating if the Nami Forex EA is any good. For instance, will it make you money?  You can achieve this objective by determining its win-to-loss ratio, reward-to-risk ratio and expectancy value. These key performance parameters are now calculated for this expert advisor using the average values listed in the above table.

1.       Win-to-loss ratio = 60%

2.       Reward-to-Risk ratio = 0.93

3.       Expectancy Value = $2.40

Consequently, you can anticipate gaining a profit of $2.40 for every dollar risked over the long haul by using the Nami Forex EA.

User Comments

A thorough internet investigation has not unearthed any serious negative comments or reviews about the Nami Forex EA. However, no positive statements or recommendations were discovered either.

Verdict

Although this expert advisor produced relatively promising performance parameters, there are a number of worrying aspects about the results generated. For instance, the reward-to-risk (R/R) ratio records a value that is below unity, which is never a good sign. This is because this weak figure offsets the benefits of the impressive win-to-loss (W/L) ratio of 60%.

As such, the key expectancy value (EV) is significantly reduced by the anemic (R/R) so that it just records an unimpressive $2.40. As the sequence of tests described above occurred over many months, this low EV does not ensure that a consistent profit can be realized over such a time period. This is because if the Nami Forex EA starts struggling to cope with any irregular trading conditions then losses could mount up. However, if you are still interested in this product then you should seriously consider implementing our recommended course of action.

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