Head to head

Institutional SMC RobotvsThe Forex Exchanger MT5

Both sets of figures are computed the same way from each product's own record. The measures that can be read against each other — the unit-free ratios — are scored. The ones that depend on how big the account was or how long it ran are shown underneath, unscored, because putting a winner on them would be comparing two different questions.

The Forex Exchanger MT5 leads on 4 of the 5 measures that can be scored.

A count of rows, not a recommendation. Which of these measures matters is a question about the account it would run on.

Profit factorEverything won divided by everything lost: 3.22; 3.65▲
Payoff ratioAverage win divided by average loss: 0.48; 0.62▲
Max drawdownDeepest fall from a previous high: 14.7%; 12.3%▲
Recovery factorNet profit per unit of worst fall: 2.46; 21.11▲
Growth per monthTotal growth compounded to a monthly rate: 62.20%▲; 5.39%
Win rateNot scored — a high win rate is only good if the payoff supports it: 87.0%; 85.5%
Record lengthHow much evidence there is: 1 months; 58 months
TradesSample size behind every figure above: 23; 897
Total growthNot comparable on its own — the records cover different spans: 82.9%; 1950.6%
Account sizePercentages compound faster on a small balance: €100; €3,000

Full pageView Institutional SMC Robot →View The Forex Exchanger MT5 →

Why these two are not quite like-for-like

One record is 47.9× longer than the other — The Forex Exchanger MT5 has had more time to meet a market it dislikes, which cuts both ways when reading its drawdown.
The tracked accounts are 30× apart in size. Percentage growth compounds much faster on a small balance, so the growth figures are not the like-for-like they look.
Both cover EURUSD, but Institutional SMC Robot also trades XAUUSD, BTCUSD, USDJPY, USDCAD, US30. Its figures are a blend across those instruments rather than a result on EURUSD alone.

What each record shows

MT5 · Expert Advisor · XAUUSD