Last Updated On
Sun Sep 13th, 2015
License
Two live and two demo accounts.
Support & Updates
FREE for one year, then an annual fee of $35 is needed for continuing updates while support is still for FREE.
Trading hours
All sessions, 00:00 - 24:00 GMT.
Recommended Broker
Any broker with 2 pips spreads or lower.

Trading Strategy

A protective server side TP and SL limits are set to 500 and 120 pips respectively which are verey rarely allowed to be touched, with a hidden TP limit of 60 pips and a hidden SL limit of 300 pips, so when the market moves in favor of the opened trade and gain is above 50 pips, the hidden SL is adjusted to breakeven and if the gain is 100 pips, the hidden TSL is set to 50 pips, and this is readjusted every 50 pips by the dynamic trailing stop system, while the EA spares enough space for opened trades not to be closed by minor market movements.

A built-in money management system comes with the EA to allow it to use a user preset portion of the account balance, so it can be used with other EAs simultaneously on the same account with the ability to use fixed lot size.

Other parameters included with the EA allows the trader to set limits for TP and SL in addition to the trailing stop settings.

Start and end times for the trading week can be set to freely adjust the trading times while the opened positions can be set to be closed before the market shut down to avoid weekend gaps.

Live Performance

CabEX System by forexgermany | Myfxbook

Started
Jan 23, 2015
Leverage
1:200
Broker
Darwinex
Account Type
Real
CabEX System by forexgermany | Myfxbook

CabEX EA Reference Account System by phibase | Myfxbook

Started
Apr 28, 2013
Leverage
1:100
Broker
AGEA
Account Type
Real
Starting Balance
$3000
CabEX EA Reference Account System by phibase | Myfxbook

CabEX (discontinued) System by forexgermany | Myfxbook

Started
Oct 01, 2011
Leverage
1:500
Broker
Alpari UK
Account Type
Real
CabEX (discontinued) System by forexgermany | Myfxbook

Backtests

All GBPUSD backtests are performed with a 2 pips spread which is normal for this pair. The more tighter spreads are, the more enhanced overall profitability of the system while higher spreads up to 2.5 pips will not affect the EA trading performance, it's only affected when spreads are more than 3 pips.

If multiple EAs are simultaneously trading on the same accounts and the profits are constantly withdrawn monthly, fixed lots can be used. This test excludes the compounding hiding drawdowns effects to better study the equity curve.

If fixed lot is set to any value more than zero, any Max_Allocation_Per_Trade parameter value will be ignored by default.

6 Year - DukasCopy Tick Data - Fixed_LotSize=0.1 - No Money Management

6 Year - DukasCopy Tick Data - Fixed_LotSize=0.1 - No Money Management

This backtest was performed using CabEX EA with its default settings which are the recommended by its developers.

6 Year - DukasCopy Tick Data - Recommended-Default Parameters - Max Allocation 6 (Medium Risk)

6 Year - DukasCopy Tick Data - Recommended-Default Parameters - Max Allocation 6 (Medium Risk)

If Max_Allocation_Per_Trade is set to "6", this is considered a medium risk level which is suitable for most trades for overall profits of 50 to 70% per year.

The maximum drawdown in this backtest over 5 years is 22% which is the worst possible drawdown value for the EA above which indicates failure or Market behavior change and stopping trading the EA is then recommended.

6 Year - DukasCopy Tick Data - Recommended-Default Parameters - Max Allocation 4 (Low Risk)

6 Year - DukasCopy Tick Data - Recommended-Default Parameters - Max Allocation 4 (Low Risk)

If Max_Allocation_Per_Trade is set to "4", this is considered a low risk level which is suitable for most trades for overall profits of 20 to 40% per year.

The worst possible drawdown recorded by this test is 25% above which may indicates strategy failure or Market behavior change and stopping trading the EA is then recommended.

6 Year - DukasCopy Tick Data - Recommended-Default Parameters - Max Allocation 8 (Very High Risk)

6 Year - DukasCopy Tick Data - Recommended-Default Parameters - Max Allocation 8 (Very High Risk)

If Max_Allocation_Per_Trade is set to "8", this is considered a Very High risk level which is suitable for most trades for overall profits of 60 to 100% per year.

The worst possible drawdown recorded by this test is 50% above which may indicates strategy failure or Market behavior change and stopping trading the EA is then recommended.

This 13 year backtest was performed on MetaQuotes data that consists of gaps and is considered of very low quality.

13 Year - MetaQuotes data backtest

13 Year - MetaQuotes data backtest

13 Year - Fixed Lot Size - MetaQuotes data backtest

13 Year - Fixed Lot Size - MetaQuotes data backtest

Bottom Line

CabEX EA has achieved about 1:1.5 risk-reward-ratio which if combined with about 50% hit ratio indicates excellent performance.

Long drawdown periods are predicted due to the relatively low hit ratio in addition to the med-term targeted trading behavior of the EA.

The EA trading rate is expected to be 100 trades per year.

CabEX EA Info Summary

Version Used: 2
Pairs: GBP/USD
Timeframe: H1

Visit CabEX EA 2 Website
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Rating: 4.67/5 (40 vote(s) cast)

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Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.