Tricky Twister FX Review

twisterThis product was developed by Dmitrij Zaitsev, who also created the Forex Warrior and the FX Splitter. The Tricky Twister was launched on the 20th February 2013 and has apparently not suffered a losing month using a live account since its inception. As the design of this tool is constructed on a Martingale strategy, some traders may be deterred by this risky feature.

The Tricky Twister retails at the relatively high price of $229 although it is supported by a 30-day guarantee in case of customer dissatisfaction.In addition, if you are already an owner of either the Forex Warrior or the FX Splitter then you will be entitled to a sizeable discount. This expert advisor has been devised to specifically trade the GBP/USD and EUR/USD currency pairs although customized versions are already in the pipeline to expand these options. The favoured expiry time is the hourly which is unusually high compared to most Forex robots.

This tool incorporates two fundamental strategies. This first one centers on break-outs which are based on the premise that the price of a currency pair will not reside within a constricted horizontal channel for any extended period of time. Consequently, the EA aims to exploit breakouts in order to capture sizeable profits. However, the main problem with this strategy is that price can remain trapped with a range for some considerable time preventing the activation of any new trades.

To counter this problem, a range strategy is also incorporated into the Tricky Twister. The EA now attempts to capture profits every time price rebounds against the floor and ceiling of the prevailing horizontal channel. With both strategies, if losses are encountered than a Martingale strategy is activated by opening new trades with increased position sizes.

Even though the preceding promotional statements are very appealing, how do they genuinely stack up in real life? The next test results and following investigation are displayed in order to supply an objective reply to this relevant query.

Performance Tests

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

 

Test 1

Test 2

Test 3

Average

Total Trades

252

262

254

256

Short Positions (won)

167

177

169

171

Long Positions (won)

81

91

83

85

Profit Trades

139

149

141

143

Loss trades

109

119

111

113

Largest Profit

$3,222

$3,232

$3,224

$3226

Largest Loss

$981

$991

$983

$985

Average Profit

$161

$160

$159

$160

Average Loss

$119

$129

$121

$123

Maximum Consecutive Wins

4

14

6

8

Maximum Consecutive Losses

9

7

17

11

Average Consecutive Wins

1

3

2

2

Average Consecutive Loss

2

3

1

2

 

Key Parameters

A procedure is now needed to ascertain whether the Tricky Twister 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 = 56%

2.       Reward-to-Risk ratio = 1.30

3.       Expectancy Value = $35.48

Consequently, you can expect to receive a profit of $35.48 for every dollar chanced over the long haul by deploying the Tricky Twister FX Forex Robot.

User Comments

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

Verdict

This Forex software product produced excellent performance parameters, as validated by a robust win-to-loss ratio. The reward-to-risk ratio posted was slightly greater than unity, which again is quite a reasonably outcome. Consequently, an exciting expectancy value was registered equaling $35.48. On the basis of these results, the Tricky Twister definitely merits further attention. In order to attain this goal, you should instigate our advised sequence of action.

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