Forex Juggernaut
Overview
| EA Name | Homepage | Pair | Timeframe | Takeprofit | Stoploss | ECN | 5-Digits | Comments |
|---|---|---|---|---|---|---|---|---|
| Forex Juggernaut | Click Here! | EURGBP | H1 | 10 | 77 | yes | automatic |
Forward Test (Demo)
Status: running
Last update: 2010 March 10, 10:04 (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Forex Juggernaut | Statement | -1 | -0% | 7 | 44% | 10 / -4 | -5 | 0 | -1% | 3% | 4 |
Backtest
| EA Name | Statement | Period | Pair | Closed P/L [Pips] | Open P/L [Pips] | Trades | Winning Trades | Max/Min [Pips] | Max. DD [%] | Comment |
|---|---|---|---|---|---|---|---|---|---|---|
| Forex Juggernaut | Statement | 2009 | EURGBP | 757 | -14 | 543 | 74% | 10 / -79 | 29% | |
| Forex Juggernaut | Statement | 2008 | EURGBP | 1118 | 0 | 577 | 75% | 10 / -79 | 17% | |
| Forex Juggernaut | Statement | 2007 | EURGBP | 253 | 0 | 205 | 67% | 10 / -57 | 10% | |
| Forex Juggernaut | Statement | 2006 | EURGBP | 1895 | 0 | 333 | 88% | 10 / -26 | 3% | |
Homepage / Vendor
Forex Juggernaut is another product of Next Generation FX Trading. The page itself does not contain a lot of information beside hughe claims as usual. As a proof of it’s profitability some backtest summaries, sample trades and a complete 2 year backtest is shown.
Delivery
As owner of Forex Juggernaut you get:
- the Forex Juggernaut Expert Advisor (compiled .ex4 file)
- a 34 page PDF installation guide
Installation / License
The installation is simple as it’s only 1 file to copy and the documentation is useful. There are no additional activation or registration steps needed and the robot is not locked to a specific account.
How does it work ?
Forex Juggernaut trades based on Envelopes during a specific time window. To exit positions a fixed takeprofit / stoploss and some additional exit criterias are used.
Settings / Money Management / Broker Requirements
The settings for this EA only allows to define the Trading Session to adapt it to the brokers time and to define the size of the trades taken. Beside a fixed lotsize a built in money management is available. This part is not well documented. To activate the money management Lot needs to be set to 0.0. The next crazy thing is that it calculates the lotsize only once when the EA is initialized this means a long as you let it run without restarting metatrader or opening the EA properties it will always use the same lotsize. This is the case for backtesting as well.
Juggernaut automatically adapts to 4- and 5-digit price quotes and support ECN style brokers. As additional broker requirement the spread on EURGBP during it’s trading time (16:00 – 23:00 GMT) needs to be not more than 4 pips.
In the manual there is stated: Warning! You should set trading session according to your broker‟s server time. But as we see it seems to calculate the GMT time itself by using local system information. On the Chart there is some time-information: ServerTime and GMT. The GMT calculation is wrong in our case. We will ask Juggernaut support what this is about.