FXHELIX (EA) Basic Information

FXHELIX (EA) is a swing trade martingale EA trading with AUDUSD.

It is an EA of the same type as FXSTABILIZER and FOREX TRUCK EA sold by the same vendor.
FXHELIX EA is an ultra-high risk EA that trades more aggressively than these.

Targeted pips are wide and hold positions for days to weeks. It holds both BUY and SELL positions together (hedging).

Also, the FXHELIX martingale logic is relatively complex. The price and lot size of additional entries will change depending on the market situation.

It is a popular EA because it shows high profitability in the forward test.

Profitability / Drawdown

Broker：FXOpen（Real Account）
Start Date：July 4, 2018

The maximum drawdown is 52%, slightly higher. On the other hand, it has survived forward test for about two years and has shown high profitability. The average monthly rate of return (compound interest) is about 10%.

Starting with balance of $ 2100, it has grown about eight times to about $ 18,000 in about two years.

Although you can specify the maximum drawdown with parameters, it should be recognized that the expected rate of return may be reduced if large loss occurs in the future.

Trading Method Analysis-Entry

Martingale EA is generally a contrarian.
On the other hand, FXHELIX is Market Follower.

Near the trend line (resistance line, support line), enter in the opposite direction aiming for price rebound is general method.
FXHELIX is the opposite. enter in the direction of the current price movement near the resistance and support lines.
You can see that in the MT4 trading chart below.

■AUDUSD　1H　White＝BUY　Red＝SELL

FXHELIX holds both BUY and SELL positions simultaneously.
The line connecting the trading history looks like trendline. This is a distinctive method.

FXHELIX’s winning pattern seems to be that;
・Make first entry in the direction of current price movements near the support or resistance line.
・Make additional entry with increased lot size after floating loss occur.
・Close all positions when make floating profit by total positions.

For reference, below is 4H MT4 transaction history chart.

■AUDUSD　4H　White＝BUY　Red＝SELL

■AUDUSD　4H　White＝BUY　Red＝SELL

Trading Method Analysis- Additional Entry

The timing for additional entries by FXHELIX’s martingale is not fixed pips distance.

FXHELIX make additional entries, after confirming that the market price has reversed in favorable direction.

In the MT4 trading history chart below, plotted circles on additional entry points (SELL is orange, BUY is blue).

■AUDUSD　4H　White＝BUY　Red＝SELL

You can see that FXHELIX make additional entries after waiting for the market to reverse in favorable direction.

Trading Method Analysis- Increased Lot Size

Generally, martingale EAs will increase the lot size at fixed rate (2x, 3x, etc.) with each additional entry.

On the other hand, FXHELIX does not increase the lot size at fixed rate, and decide lot size according to the pips distance from the previous entry.
The larger the distance from the previous entry, the larger the lot size of the next position.

The table below is example of pips distance from the previous entry and lot size increase.

(1) In the table below, all additional entry prices are within 31pip from the previous entry. And lot size has not increased significantly.

(2) In the table above, the third entry has distance of 85.5pips from the previous entry, which is 2.9 times lot size compared to the previous entry.

(3)In the table below, the second entry is 149.5pip away from the previous entry, which is 3.4 times lot size from the previous entry.
On the other hand, the third entry is only 21pips away from the previous entry, and is about half lot size of the previous entry.

In this way, the lot size of the additional entry is determined by the distance from the previous entry.

Trading Method Analysis- Pips distance of Exit

After the first entry and get 50 pips floating profit,  this EA take profit.
it is targeting such large pips.

On the other hand, if this EA have floating loss in the positions,  wait for the market to reverse and then open additional positions.

Trading Method Analysis- Frequency

Since it only supports one AUDUSD currency pair and hold positions for few days to  few weeks, the trading frequency will be low.

The total number of trades is 170 in 21 months, which means that one entry will be made in 2-3 days.

Forward Test Environment

FXHELIX’s forward test environment is a real account.

The trading environment differs between demo account and real account.

Even though the price movements look the same, there are differences in the execution such as slippage. So even if the same EA, the results may be different between demo and  real.

FXHELIX targets large pips, so it is expected that the results will not change significantly between demo and real.
In the first place, the results with real account is open to the public, so it can be considered that it has been proven that profits can be made with real accounts.

Back Test Result

It is dangerous to believe in only the backtest results, and good to use it as reference information.

■[RiskLimit] setting=35%

■[RiskLimit] setting=100%

RiskLimit = 100% setting is not recommended because the maximum drawdown is 95.8%, which is dangerous.

It is better to operate with RiskLimit = 35% setting.
With this setting started at 0.14 lots with a balance of $ 10,000

The vendor’s recommendation is a minimum 0.01 lot for $250 to run this EA .
However, $ 250 is too small and dangerous.
Even with 0.01 lots, it is better to prepare balance of about $ 1000.

Parameter Settings

Summary of FXHELIX (EA)

It is a popular EA because it shows a very high rate of return in the forward test.

The price and lot size of the additional entry are decided according to the market situation, so it feels reasonable.

However, since it is a martingale EA that operates with floating loss, it is recommended to use it after recognizing the possibility of large drawdown.
（You can control the maximum drawdown with the “Risk Limit” and “Drawdown control” parameters. Even if large drawdown occurs, there is no problem if it win in total.）

If the balance of the account is very small, there is high possibility that this EA can not bear floating loss. Therefore, it is desirable to operate with balance of $ 1000 or more.

Recommended Broker for FXHELIX

Some brokers offer 100% deposit bonuses that double your balance.

Martingale EA like FXHELIX operates with floating loss, so it is advantageous to have as many account balance as possible and it will operate stably. On the contrary, if the balance is small, the risk of large loss is high.

Therefore, the deposit bonus of Forex brokers is definitely good service to use.

Especially, the 100% bonus of “XM (XM Trading) Standard Account“ will cover the floating loss even if the equity balance reaches 0. (Other brokers only have the advantage of be able to open large position, and the bonus disappears when the equity balance reaches 0.)
With a deposit of $ 500, you can trade twice as much as $ 1000, and the maximum leverage is 888 times, which is the most advantageous operating environment for FXHELIX.

In addition to the double deposit bonus, you can also get an account opening $30 bonus at XM.

* To receive a 100% deposit bonus + $30 account opening bonus, select “Standard Account (1lot = 100,000)”. Bonus cannot be received with Zero account.