FX MultiCore EA is a system consisting of two separate robots called CORE1 and CORE2.
CORE1 works on the USDCAD currency pair and CORE2 works on the EURUSD pair.
| Price | $339 |
| License | 1 account per license |
| Currency pair | USDCAD, EURUSD |
| Terminal | MT4,MT5 |
| Money back guarantee | Money back guarantee available. However, this is limited to cases where a drawdown of 40% or more occurs despite operating according to the vendor’s recommended settings. |
FX MultiCore EA live performance (forward test results)
The FX MultiCore EA sales page states the following:
“Designed to use both COREs in one account, you can spread your risk and ensure more stable returns. ”
However, in the vendor’s forward testing, CORE1 and CORE2 are tested on separate accounts.
This is because this EA has a big risk.
It is extremely dangerous to run high-risk EAs in one account at the same time. If two EAs result in a drawdown at the same time, the account balance will be depleted.
Vendors test on separate accounts to reduce the risk of account failure.
Please note that if you run two EAs, CORE1 and CORE2, in the same account, the results will be different from the forward test provided by the vendor.
Trading strategy of “CORE1” FX MultiCore EA
CORE1 works on the USDCAD currency pair.
The trading strategy is a combination of grid trading and martingale.
Add a position if the price moves in the opposite direction to the direction of the initial position.
If the profit/loss of the total position becomes positive, all positions will be closed.
From the MT4 trading history chart below, you can see how the FX MultiCore EA performs grid trading.
■USDCAD 30 minutes Chart White=Buy entry Red=Sell entry
Maximum 3 positions
CORE1 executes grid trades, but the maximum number of positions is limited to 3.
Lot size increase rate
The lot size for the 1st and 2nd positions is the same.
That is, the lot size does not increase in the second position.
On the other hand, for the third position, the lot size increases by 4 times.
CORE1 Risk and profitability
CORE1 has a maximum number of positions limited to 3.
This EA will never hold more than 4 positions.
However, limiting the number of positions does not necessarily produce good results.
The MT4 trading history chart below shows CORE1 holding three short positions and then the price rose.
■USDCAD 4hour Chart White=Buy entry Red=Sell entry
Eventually the price fell, so this EA made a profit.
However, three positions have remained open for a very long time.
This means that this EA will not generate profits unless the price falls to the price at which the three positions were opened.
This EA does not hold a large number of positions, so the account balance may not suddenly drop to 0.
However, the limit on the number of positions reduces the profitability of this EA and leads to a prolonged drawdown period.
If this EA had added the fourth position and beyond as the price rose, it could have made a profit from the small price drop.
Therefore, it is not always beneficial to limit the number of positions.
Trading strategy of “CORE2” FX MultiCore EA
CORE2 works on the EURUSD currency pair.
CORE1 holds multiple positions using a grid trading strategy, but CORE2 does not perform grid trading. CORE2 trades with a single position.
Lot size adjustment using martingale
CORE2 is a simple martingale EA.
If the previous trade resulted in a loss, the next trade will be made with 4 times the lot size.
If this EA succeeds in trading 4 times the lot size, it will recover the previous loss.
CORE2 entry logic
CORE2 holds positions in the trend direction.
The vendor’s sales site states, “Use the MA indicator to find the perfect moment for your entry point.”
In the MT4 trading history chart below, you can see that CORE2 holds a position in the trend direction.
■EURUSD 1hour Chart White=Buy entry Red=Sell entry
Also, there are periods when the frequency of trading decreases.
The MT4 trading history chart below is from March 2024, but it only trades about twice a month.
■EURUSD 1hour Chart White=Buy entry Red=Sell entry
CORE2 take profit, stop loss
Separate take profit and stop loss are set for a single position.
Take profit is 20 pips and stop loss is -50 pips.
CORE2 risks
Trade with a single position instead of holding a large number of positions.
On the other hand, it is a high-risk EA because it uses a martingale method with a quadruple lot size.
The weakness of a single-position martingale EA is consecutive losses.
If the lot size is increased and a losing streak occurs, there is a risk of severe losses in the account.
This is similar to the famous EA “GPS FOREX ROBOT“.
GPS FOREX ROBOT is attracting attention due to its excellent results, but after a loss, it performs a recovery trade with a 7x lot size.
This is a very risky trading method.
Backtest results of FX MultiCore EA
Both CORE1 and CORE2 have excellent backtest results.
▼CORE1 USDCAD _HighRisk Setting
| Test start | 2018/1/2～ |
| Test end | 2024/02/14 |
| Operation period | 73months |
| Initial deposit | 5,000 |
| Operational lot size | Adjusted by balance |
| Final balance | 11,779,386 |
| Total net profit | 11,774,386 |
| Rate of return (overall) | 235587.7% |
| Monthly rate of return (compound interest) | 11.2% |
| Monthly rate of return (simple interest) | – |
| Relative drawdown | 67.0% |
| Maximum drawdown (amount) | 4,534,593 |
| Profit factor | 3.38 |
| Winning rate | 77.3% |
| Total trades | 1057 |
▼CORE2 EURUSD _HighRisk Setting
| Test start | 2018/1/2～ |
| Test end | 2024/02/14 |
| Operation period | 73months |
| Initial deposit | 5,000 |
| Operational lot size | Adjusted by balance |
| Final balance | 887,241 |
| Total net profit | 882,241 |
| Rate of return (overall) | 17744.8% |
| Monthly rate of return (compound interest) | 7.4% |
| Monthly rate of return (simple interest) | – |
| Relative drawdown | 68.7% |
| Maximum drawdown (amount) | 326,863 |
| Profit factor | 1.89 |
| Winning rate | 75.3% |
| Total trades | 247 |
However, the backtest period is approximately 6 years (73 months), which is not a sufficient period.
If you backtest for a long period of time, you may incur large losses.
In particular, the number of trades for CORE2 is 247, which is a very small number. When using a martingale EA like CORE2, you need to pay close attention to the probability of consecutive losses occurring.
There was only one consecutive loss in the backtest. That is, it is not a continuous loss.
However, it is not possible to evaluate the probability of consecutive losses after only 247 trades.
If the number of trades increases, continuous losses may occur, which may result in significant losses to your account.
VendorFX of MultiCore EA
FX MultiCore EA is sold by the same vendor as his FXSTABILIZER, Forex Truck, etc.
The basic strategy of the EA they sell is a combination of grid trading and martingale.
FX MultiCore EA is unique in that it has two different logics.
However, the risks associated with this EA are not significantly different from EAs sold by the same vendor.
Conclusion of FX MultiCore EA
The feature of this EA is that it operates with different logic for two currency pairs.
CORE1 limits the maximum number of positions to 3, and CORE2 always trades in a single position. However, the limit on the number of positions does not reduce the risk of this EA.
Since both CORE1 and CORE2 trade by increasing the lot size, the risk of this EA is high.
Reference article: Martingale EA Risks and Benefits | Is it profitable?
Running CORE1 and CORE2 on one account at the same time may cause severe damage to the account.
Even if you run each in a separate account, the risk is high.
You should understand these risks before purchasing and using it.
