Test 1: Independent Strategy Testing

EURUSD Pair:
2000 – March 2010 Strategy Test results show growth from $10,000 to $59,101 at 69.48% accuracy trading 1 standard Lot per trade:

View full 2000-2010 EURUSD Forex Brilliance Strategy Tester results

2009 – March 2010 Strategy Test results show growth from $10,000 to $29,842 at 70.27% accuracy trading 1 standard Lot per trade:

View full 2009-2010 EURUSD Forex Brilliance Strategy Tester results

GBPUSD Pair:
2000 – March 2010 Strategy Test results show growth from $10,000 to $98,146 at 69.90% accuracy trading 1 standard Lot per trade:

View full 2000-2010 GBPUSD Forex Brilliance Strategy Tester results

2009 – March 2010 Strategy Test results show growth from $10,000 to $24,023 at 69.54% accuracy trading 1 standard Lot per trade:

View full 2009-2010 GBPUSD Forex Brilliance Strategy Tester results

USDCHF Pair:
2000 – March 2010 Strategy Test results show growth from $10,000 to $45,387 at 70.31% accuracy trading 1 standard Lot per trade:

View full 2000-2010 USDCHF Forex Brilliance Strategy Tester results

2009 – March 2010 Strategy Test results show growth from $10,000 to $20,112 at 72.05% accuracy trading 1 standard Lot per trade:

View full 2009-2010 USDCHF Forex Brilliance Strategy Tester results

USDJPY Pair:
2000 – March 2010 Strategy Test results show growth from $10,000 to $61,485 at 67.72% accuracy trading 1 standard Lot per trade:

View full 2000-2010 USDJPY Forex Brilliance Strategy Tester results

2009 – March 2010 Strategy Test results show growth from $10,000 to $17,061 at 69.18% accuracy trading 1 standard Lot per trade:

View full 2009-2010 USDJPY Forex Brilliance Strategy Tester results

Test 2: Forward Testing

Currently running Forex Brilliance on Alpari UK, testing started on 8th April 2010. Current results are as follows:

View our Live Trading Statement

Lab Result:

8th April 2010:

• Back tests results are comparable to the 2004-2009 results promoted on their site
• No significant losing streaks. Running all pairs at the same time should keep profits consistent
• If ranking currency pairs against 10 year back test results they would rank as follows: 1st USDJPY, 2nd GPBUSD, 3rd USDCHF and 4th EURUSD

8th May 2010:

• The Live test results you can see above have proven they align with the back tests
• You can see in the chart above how Brilliance not only trades often but loses often. Yet the equity curve is still positive.
• At this stage I’d expect Brilliance to keep hold of it’s current gains by winning and losing on a consistent basis until the next run of profitable trades.
• The Live test along with back tests have given me the confidence to put this on my live “real money” account
• I’ll update the “Pass or Fail” mark below next month

8th June 2010:

• I couldn’t have been more wrong. Although I enjoyed a week or so of very good results, as you can see in the chart above, Brilliance hit a highly volatile period which it couldn’t cope with and is still trying to find its feet. I turned it off on my live account after almost 2 straight losing weeks which left one of my 3 accounts in tatters. Better me than you .
• Regardless of the above I’d still like to see if Brilliance can replicate what it has proved it can do in the past. So I’ll continue to run it indefinitely before giving a mark below.

10th August 2010:

• Now that Brilliance has returned to the break even point I have decided to reduce the risk from 20% to 1 Lot. My theory is that any losing trades that come after a few winning trades won’t be as significant like when we saw Brilliance destroy profits in a matter of a week back in June.

21st August 2010:

• Brilliance is coming to the end of it’s life, nearly 80% in the red today with 3 negative trades open. Conclusion is that it needs the Money Management option selected if you choose to leave it running unattended. So, today I have changed it back to 20% risk… Let’s see if it can get out of this hole.

30th September 2010:

• After months of trialling, some hopeful and some gut wrenching, I have decided that Forex Brilliance has some good spells where it trades a lot and keeps your equity about the same. It then has some very good spells where it wins a lot and grows your equity. But finally it has some very bad spells where it loses a lot, too much in fact, so much so that I have to award Brilliance a Fail mark and turn off the testing account.