EB-Turbo
Overview
| EA Name | Homepage | Pair | Timeframe | Takeprofit | Stoploss | ECN | 5-Digits | Comments |
|---|---|---|---|---|---|---|---|---|
| EB-Turbo | Click Here! | EURUSD / GBPUSD / EURJPY / EURCHF | M5 | 25 | 250 | yes | automatic |
Forward Test (Demo)
Status: stopped (qualified for LIVE-Trading)
Last update: 2009 November 17, 17:41 (GMT)
| EA Name | Statement | Weekly Net P/L [Pips] | Weekly Profit | Weekly Trades | Winning Trades | Max/Min [Pips] | Closed P/L [Pips] | Open P/L [Pips] | Total Profit | Max. DD [%] | Weeks in Test |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EB-Turbo | Statement | 94 | 1% | 35 | 98% | 56 / -250 | 856 | 0 | 8% | 14% | 9 |
Backtest
| EA Name | Statement | Period | Pair | Closed P/L [Pips] | Open P/L [Pips] | Trades | Winning Trades | Max/Min [Pips] | Max. DD [%] | Comment |
|---|
Homepage / Vendor
EB-Turbo is a product from “The Forex Spiritual Team” / Patrick Doucette. It’s the successor of Euro-Blaster which mainly was extending it to other pairs and enhancing the trade frequency.
The homepage itself does not offer a lot of information about the product itself beside an impressive longer term backtest on eurusd.
Delivery
As owner of EB-Turbo you get:
- the EB-Turbo Expert Advisor (compiled .ex4)
- 3 settings files (standard, moderate, aggressive)
- a 11 page PDF instruction manual
License
EB-Turbo comes with unlimited license.
Installation
The installation is simple and well documented.
How does it work ?
Like the former Euro-Blaster, EB-Turbo uses a complex combination of technical indicators and may open multiple simultaneous trades. The exit is based on fixed takeprofit / stoploss with a couple of optional functions.
Settings
EB-Turbo has a couple of settings. It’s is very important to study the instruction manual as they are not all self explaining. With the delivery you get 3 different setups for different risk profiles. The hughe number of features allows to tailor the ea to a personal trading style.
Money Management
Beside fixed lot size EB-Turbo also offers a built in money management system. The settings are a bit missleading but well explained in the manual. On standard size accounts the risk take is 10 times the entered value !
Broker Requirements
EB-Turbo is compatible with 4- and 5-digit price quotes and supports ECN brokers as well.
Conclusion
An interesting evolution of Euro-Blaster. The backtests on EURUSD look very good. On the other pairs the backtest results don’t look really encouraging when done with the same settings as for EURUSD. Looks like there is some potential for optimized settings. Unfortunately we can’t process the backtest-results with our system at the moment as the files are to big.
Here the links to the original backtest statements:
- EURUSD 2008
- GBPUSD 2008
- EURCHF 2008