The Forex Maximizer, from its creator Kevin Long, uses a strategy that’s the complete opposite of the typical scalping EAs you may be familiar with.
The strategy Kevin trademarked is called Intra-Day Trading™ and takes advantage of market moves inside the trading day – avoiding extended exposure to unwanted volatility, but at the same time collecting as many pips as possible with each and every trade.
That means, instead of a tiny 3-4 pips per trade (and unpredictable “tipping point” catastrophes you’ll find with typical scalper EA systems), Forex Maximizer makes around 50-90 pips per trade and does it in a reliable fashion every week.
Forex Maximizer’s win rate is consistently over 67%. What makes this more amazing is that the size of an average winning trade is almost equal in size to the average losing position… So in the long run you should come out on top. Take a look at the 1 year back test taken direct from the Maximizer site below. It’s too small to read but the Net Profit after 1 year is $53,251.29 on an initial deposit of $10,000.
The secret behind the success of the Intra-Day Trading strategy is what Kevin has called ALBG Technology. This stands for “Automatic Leverage increase according to Balance Growth”, and claims to be superior to typical “money management” systems found in other EA’s.
Forex Maximizer Essentials…
- It works with all brokers, e.g. 5-digit brokers, ECN, etc.
- It trades the GBP/USD pair
- It’s capable of trading in every trading session – Asian, European, and American
- Currently, it does not trade a percentage of your account, only fixed lot sizes
So, that’s what I could find out from Kevin and his team. Now let’s see what I can find out for myself and put this baby to the test…
Test 1: Independent Strategy Testing
2000-2010 Strategy Test results show growth from $10,000 to $7132 at 55.47% accuracy (Note, Lot size was fixed at 0.1 Lots).
View full 2000-2010 GBPUSD Forex Maximizer Strategy Tester results
2009-2010 Strategy Test results show growth from $10,000 to $13,942 at 69.25% accuracy (Note, Lot size was fixed at 0.1 Lots).
View full 2009-2010 GBPUSD Forex Maximizer Strategy Tester results
Forex Maximizer Advanced 2008-2010 Strategy Test results show growth from $10,000 to $10,916 at 55.08% accuracy (Note, account was destroyed within 2-3 years when backtested prior to 2008).
View full 2008-2010 GBPJPY Maximizer Advanced Strategy Tester results
Forex Maximizer Advanced 2009-2010 Strategy Test results show growth from $10,000 to $17,206 at 61.27% accuracy (Note, Lot size was fixed at 0.1 Lots).
View full 2009-2010 GBPJPY Maximizer Strategy Tester results
Currently running Forex Maximizer (and Maximizer Advanced) on Alpari UK, testing started on 13th May 2010. Current results are as follows:
View our Forex Maximizer Live Test Statement
Lab Result:
28th August 2010:
- With some suspect back test results, Maximizer never really had a chance. Compounded by the erratic behavior at the outset of our test above, the confidence in this EA was lost early on.
If you have any questions or comments related to the Forex Maximizer EA please post them here as I’m more than happy to share my learnings.
Also, if you use this EA please feel free to leave a review. Just remember to give it a star rating
What time frame are these tests (30min, 1hr or 4hr etc.) Regards L
Hi I have downloaded forex maximizer robot. Problem i have no idea how you start it. Appreciate your help. kind regards john.
Hi Zion,
The tests use the timeframe specified by the Maximizer insallation guidelines which is 1hr.
Hi John,
It’s not a simple answer I’m affraid. There are a number of steps involved to get any robot running… but once you’ve done it a couple of times it’s like riding a bike. I plan to write a post on installing robots (EA’s) very soon but if you need help in the meantime I suggest you either follow the instructions in their installation guide or if you subscribe at the top of this page you’ll see similar instructions for downloading my Break Dance EA. In short, you need to open an account with a broker first, then download the Meta Trader software from the broker (it’s free), then copy the .ex4 and .dll files to the respective folders on your computer. Hope this helps!!
Look like this EA run with most of the trade hitting SL on Alpari UK
This EA is failure. It triggers the trade against the trend or at the resistance point, in price action.
Hi I have downloaded forex maximizer robot. Problem i have no idea how you start it. Appreciate your help. kind regards john.
Hi Amy,
Do you have a broker account yet? If not, you need one. Forex.com is a good place to start. Then it’s a case of putting the EA files you downloaded into the appropriate directories. For a detailed list of instructions please download my Break Dance EA by subscribing at the top of this page as the install instructions I provide with Break Dance will also apply to Maximizer. Please let me know if you have any other questions.
I really don’t understand why these developers don’t put a TP/SL adjustment into their EA’s. I believe this EA operates with a zig zag indicator. They should have an option to adjust this as well then it would be a better EA. The fact is most EAs end up as a disappointment and the only people who end up in profit are the people marketing these so called “expert advisors”.