Forex Tool Data

Head to head

Smart Gold HuntervsThe Gold Reaper 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 Gold Reaper MT5 leads on 3 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
1.89
2.33
Payoff ratioAverage win divided by average loss
0.59
0.91
Max drawdownDeepest fall from a previous high
14.0%
16.8%
Recovery factorNet profit per unit of worst fall
6.91
14.27
Growth per monthTotal growth compounded to a monthly rate
15.69%
6.46%
Win rateNot scored — a high win rate is only good if the payoff supports it
76.1%
71.8%
Record lengthHow much evidence there is
6 months
22 months
TradesSample size behind every figure above
188
855
Total growthNot comparable on its own — the records cover different spans
155.9%
298.9%
Account sizePercentages compound faster on a small balance
$100
$1,615

Why these two are not quite like-for-like

  • The two are measured from different sources — Smart Gold Hunter from published statistics, The Gold Reaper MT5 from trade history. The ratios are computed the same way, but only a trade-by-trade history supports the full set of risk checks.
  • One record is 3.5× longer than the other — The Gold Reaper MT5 has had more time to meet a market it dislikes, which cuts both ways when reading its drawdown.
  • The tracked accounts are 16× apart in size. Percentage growth compounds much faster on a small balance, so the growth figures are not the like-for-like they look.

What each record shows

MT5 · Expert Advisor · XAUUSD

Smart Gold Hunter

Nothing in the published figures raised a flag. The checks that need trade-level data could not be run.

Measured from published statistics · 188 trades · 6 months

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MT5 · Expert Advisor · XAUUSD

The Gold Reaper MT5

  • Grid / basket positions
  • Unbounded losses

Measured from trade history · 855 trades · 22 months

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