Forex Nuke
Overview
| EA Name | Homepage | Pair | Timeframe | Takeprofit | Stoploss | ECN | 5-Digits | Comments |
|---|---|---|---|---|---|---|---|---|
| Forex Nuke | Click Here! | EURUSD | M15 | 45 | 100 | no | automatic |
Forward Test (Demo)
Status: running
Last update: 2010 March 12, 16:53 (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 Nuke | Statement | -23 | -1% | 1 | 67% | 45 / -100 | -157 | 0 | -9% | 17% | 7 |
Backtest
| EA Name | Statement | Period | Pair | Closed P/L [Pips] | Open P/L [Pips] | Trades | Winning Trades | Max/Min [Pips] | Max. DD [%] | Comment |
|---|---|---|---|---|---|---|---|---|---|---|
| Forex Nuke | Statement | 2009 | EURUSD | 1633 | 0 | 143 | 79% | 45 / -100 | 23% | |
| Forex Nuke | Statement | 2008 | EURUSD | 3824 | 0 | 184 | 84% | 45 / -100 | 23% | |
| Forex Nuke | Statement | 2007 | EURUSD | 372 | 0 | 16 | 94% | 45 / -39 | 2% | |
| Forex Nuke | Statement | 2006 | EURUSD | 371 | 0 | 26 | 81% | 45 / -100 | 12% | |
Homepage / Vendor
The homepage of Forex Nuke is a state of the art colorful sales squeeze page. It does not contain information about the author or how Forex Nuke works but the good news is it contains complete backtest-results and and a forward test as well. The settings user for the backtest we would consider as high risk and they are not made using the default settings of Forex Nuke.
Delivery
As owner of Forex Nuke you get:
- the Forex Nuke Expert Advisor (compiled .ex4 File + 1 .dll library file)
- a 5 Page PDF instruction
- some bonus material
Installation / License
The license is done by copying the 2 delivered files to the right place which is described in the instruction manual. To enable the Expert Advisor you need to enter a license Key into the EA Properties. This key is delivered automatically by E-Mail after purchase.
How does it work ?
Forex Nuke opens a core position and up to 2 additional positions at a time. The trade signal is based on Moving Averages and Commoditiy Channel Index. The exit criteria is made of a fixed take profit / stoploss and some additional indicator based logic.
Settings / Money Management / Broker Requirements
The settings allow to define the trading parameters like trade size and exit criterias. They are not described in the manual. Forex Nuke has a built in money management which is risk based. A LotsPercent of 0.5 means 5% risk with the default stoploss. ECN style brokers which require market orders are not supported by this robot but it automatically adapts to 4- / 5-digit price feeds. To make the money management working properly the MinLot parameter should be set to 0.1 / 0.01 depending on the minimal lotsize of the broker.
Conclusion
A nice product from a responsive vendor which shows stable backtest results for 4 years. An EA with almost the same trading logic has been sold before under the brand Forex Phantom.
Compare the equity curves of comparable backtests:
Forex Nuke
Forex Phantom
We did contact the vendors and both claims to have the right on the product from a developer and none of them are claiming the other to have stolen the code so they seems to coexist. If you already own Forex Phantom there is no need to buy Forex Nuke.