WildFire Review

WILDFIRE Expert Advisor Product Page - Cutting Edge ForexThis expert advisor was apparently produced by a team of experienced software engineers and professional traders. They claim that their end product is so easy to install that it can be actively trading in a very short period of time after you have optimized a limited number of key parameters. This robot has been specifically constructed so that it trades Forex around the clock by tracking and monitoring trend continuations, reversals and breakouts.

The key operational features of the Wildfire are as follows:

–      Exploits the reliability of the longer time-frames by avoiding the noise issues associated with their shorter-frame counterparts

–      Executes trades on period closes in order to minimize broker interference

–      The robot exhibits a reward-to-risk ratio of 2:1

–      This tool implements stop-losses for each active position in order to provide optimum protection for your trading capital

–      Supports an exit strategy devised to provide even further safety for your equity by closing a trade early if price begins to move rapidly against it

–      Performs proficiently under all market conditions

–      Incorporates a well-tested and proven money management strategy that will prevent your account from overtrading

–      The performance of this robot is monitored on a consistent basis in order to detect any improvements or upgrades

–      Utilizes dynamic profit-targets and stop-losses that adapt to the ever-evolving conditions of the Forex market

Without doubt, the above list is definitely impressive. However, does the live performance of this expert advisor really do it justice? The article is intended to help you reach an objective conclusion by presenting test results and their ensuing analysis.

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

22

14

12

16

Short Positions (won)

17

9

7

11

Long Positions (won)

11

3

1

5

Profit Trades

14

6

4

8

Loss trades

14

6

4

8

Largest Profit

$978

$970

$968

$972

Largest Loss

$456

$448

$446

$450

Average Profit

$730

$731

$729

$730

Average Loss

$352

$344

$342

$346

Maximum Consecutive Wins

9

2

1

4

Maximum Consecutive Losses

7

2

3

4

Average Consecutive Wins

3

2

1

2

Average Consecutive Loss

1

2

3

2

 

Key Parameters

So, how can the results listed above help you to evaluate the real worth of the WildFire? They can do so if you use them to determine its key performance parameters, such as its expectancy value as well as its reward-to-risk and win-to-loss ratios. These important figures are now calculated for this expert advisor using the average values listed in the above table.

1.       Win-to-loss ratio = 50%

2.       Reward-to-Risk ratio = 2.11

3.       Expectancy Value = $192.00

The resultant values displayed above suggest that you will acquire a gain of $192.00 for each US dollar you wager by deploying the WildFire over an extended period of time.

User Comments

A thorough internet investigation did not unearth any serious negative comments or reviews about the Wildfire Expert Advisor. However, no positive statements or recommendations were discovered either.

Verdict

This Forex robot produces outstanding performance parameters, as highlighted by an inspiring reward-to-risk ratio (R/R) which is well above unity. The win-to-loss ratio is also encouraging as indicates that one in two trades will result in a win. Consequently, an outstanding expectancy value of $192.00 is generated. This outcome definitely suggests that the Wildfire deserves more detailed attention. One of the optimum ways forward for you to undertake a deeper analysis is to execute our recommended plan of action.

Leave a Reply