Excelsior is a trading solution that works on the market providing its owners with profits. The system was released on the well-known platform–MQL5.
The dev offers us to buy a robot for $385 for a real account copy. We have no rental options provided. This means no safe trial period for us. We are allowed to use a demo copy of the robot for our purpose.
Excelsior trading strategy
- We don’t know what strategy is behind this service.
- Trading is possible on AUDUSD, EURUSD, GBPCHF, GBPUSD, NZDUSD, USDCAD, USDCHF, and USDJPY.
- Time frames weren’t mentioned either.
Excelsior features
The presentation provides the following details about the system:
- The advisor is able to help us with managing orders on our terminal without a need for supervision.
- The system was designed around the recurrent neural network that can work on daily and weekly charts.
- We are not sure that the system can work on them because it requires so much margin.
- Also, there’s no mention of indicators behind this system.
- There’s a possibility to trade AUDUSD, EURUSD, GBPCHF, GBPUSD, NZDUSD, USDCAD, USDCHF, and USDJPY.
- The advisor uses two separate recurrent neural networks for calculating “buy” and “sell” signals.
- The entry points are calculated based on the proper bars.
- We can work from a single time chart with the rest.
- We are allowed to open orders manually when needed.
- If we need to, we can stop the advisor. It doesn’t affect trading activities.
- We should use it on a VPS service.
- The advisor cover opened orders with proper SL and TP levels to protect our account.
- We should customize risks on our own.
- We have to start with $250 on the balance.
- The recommended deposit is $1000.
- We can customize the robot parameters.
Excelsior backtesting results
There’s a report that was performed on the history tick data of 2018-2021. The version of the system was 3.0. There were 8 pairs tested at one. The modeling quality was 100%. An initial deposit of $1000 has become $31,607,209 of the total net profit. The maximum drawdown was 0.39%, while the profit factor was 243.70. Excelsior showed great past trading results as it executed 809 deals with a 96% win rate.
Excelsior live trading results
The advisor was set to trade on a real market with a short leverage of 1:40 on AlfaForex broker. There’s the maximum drawdown of 15.2% and the maximum deposit load of 21.9%. The win rate is 88.2%. The signals’ reliability is medium. The account exists for 16 weeks. For this time its total gain has grown to 22.99%. The system runs a low-deposited balance of €1899.
An average trade frequency is 5 deals weekly. The holding time is 10 days. It’s a huge period.
The system has stopped providing significant profits since November 2021.
The last trading results are mediocre. Commissions eat so much margin.
The system has executed 51 orders. The best trade is €20.77 when the worst trade is -€0.05. The recovery factor is 24.04 and the profit factor is 1427.
USDJPY with 14 orders is ahead in trading activities. The sell direction is the most traded.
Excelsior reputation
The clients mentioned that the system doesn’t work for them as well as we could see.
Evgeniy Scherbina is a developer from Russia with over 8 years of trading experience on MQL5. There are 24 products on the board that were downloaded for demo usage 555 times.
Excelsior review summary
- Strategy – score (4/10)
- Functionality & Features – score (4/10)
- Trading Results – score (4/10)
- Reliability – score (4/10)
- Pricing – score (3/10)
Excelsior is a trading advisor that trades on the real account with low results. The presentation looks below average because of the lack of strategy explanations. Additionally, there are many negative reviews about the system written from former clients.
