Trading System FI-X, containing elements of the successful Magic-Champ II strategy
...a successful trading strategy has been further developed
After more than one year of development, we are pleased to announce a further fully automatic trading system. FI-X uses some elements of the Expert Advisor Magic-Champ II, a system which for more than 2 years has been running successfully on a multitude of real money accounts for customers all across the globe; a system that hasn't been changed since then and has a track record of more than a thousand trades. Based on our experience from the live trading in the last years as well as further research we were able to add diverse new elements to the FI-X system. Through this the new system is greatly improved compared to the original Magic-Champ II.
The new system contains a fundamentally improved position sizing and money management. Trades are managed dynamically, taking the current market situation into account. Whereas the Magic Champ II contained a fixed take profit of 7 to 15 points, FI-X allows for an almost unlimited amount of points as take profit, by considering volatility and other parameters. Trades generating profits, which are much higher than their initial entry risks, can be achieved repeatedly and are a major contributor to the improved performance.
This completely new money management approach is one of the enablers for trading large accounts (which obviously requires a reliable broker). This is why the FI-X strategy is dedicated to institutional investors and wealthy private clients.
The trading system FI-X will be provided FREE. Detailed terms and conditions are explained below.
Trading with this system will also be possible on Dukascopy Accounts! This system has been developed for asset managers and institutional investors; it is therefore also available for the bank Dukascopy.
The minimum deposit is 25.000 €/$/CHF/GBP/AUD
As with all our systems the strategy FI-X is in its basic configuration a signal tool. However it can also be set to operate autonomously as an automated trading system (robot). The software only runs on our servers and thus will not be delivered to the customer. Nevertheless the customer at all times remains full control over his trading account and can activate the trading of the system by himself! You have full control over whether FI-X is started or stopped, we do not have control over it. Also, you decide on your own if the Expert-Advisor FI-X only sends entry signals via e-mail or if the signals are traded automatically including Money- and Position -Management. Again, we do not have any influence on this decision, you are free to decide for yourself and change it at any time.
Below, you will find a variety of screenshots of back tests performed with real Dukascopy tick data . At present we are developing our trading strategies based on real tick data only. This is why we do not publish synthetic data, although this would in fact lead to even better back test results.
For the back test we used a fixed spread of 1 pip for EUR/USD and 1.5 pips for GBP/USD. Look at our data feed analyses for REAL accounts and for for DEMO accounts to verify that these values are realistic and achievable.
The first two back tests were conducted with a fixed risk of 750/trade! The objective of these back tests is to demonstrate the absolutely steady performance of this system. Displaying results achieved using Fixed-Fractional Money-Management is interesting as well (refer to the FI-X back tests following further below) - however, for distant past periods the performance may be heavily distorted. As stated already, only the first two back tests serve to demonstrate the system’s constant performance over the years.
Expert-Advisor FI-X EUR/USD | Risk: fix 750€/Trade | Duration: 01.01.2008 - 31.10.2011
Expert-Advisor FI-X GBP/USD | Risk: fix 750€/Trade | Duration: 01.01.2008 - 31.10.2011
Following you will find two further backtests with a set risk of 3% per trade.
Expert-Advisor FI-X EUR/USD | Risk: 3%/Trade | Duration: 01.01.2008 - 31.10.2011
The minimization of the expected drawdown was one of the key challenges in the conception and development of the strategy and has in the meantime become a key element for the success of this trading strategy.
Expert-Advisor FI-X GBP/USD | Risk: 3%/Trade | Duration: 01.01.2008 - 31.10.2011
More details for the historical performance of the Expert Advisor FI-X for the currency pair EUR/USD can be found here FI-X for EUR/USD.
More details for the historical performance of the Expert Advisor FI-X for the currency pair GBP/USD can be found here FI-X for GBP/USD.
General conditions for using the software:
1. You will pay a monthly performance fee if your account achieves a new all-time high.
2. You will be billed according to the high watermark principle, i.e. profits will not be billed twice.
3. Accounts will be settled at the beginning of each month.
4. We will NOT deliver the software.
5. Administration/activation/monitoring of the software is entirely FREE and will be run on one of our dedicated high-performance servers, on which our company accounts are traded as well.
6. There will be NO OTHER COSTS. You will only pay the performance fee if the system makes profits.
7. You can stop the software any time! There is no obligation to activate the software!
8. You activate and deactivate FI-X totally autonomously by yourself! We have no influence on the start and stop of the software. Even though the software runs on our servers you have full control on when the EA may trade on your account!
9. You can ask us to implement new parameters for activating the software at any time.
10. All rights and obligations will be recorded in two contracts. These contracts will be concluded between you and ForexInnovation GmbH.
11. On your account you can also trade manually or other systems. Using the FI-X strategy does not mean that you will be exclusively tied to this system.
12. The minimum deposit is 25.000 €/$/CHF/GBP/AUD
Price Option Variant I – Trading with a broker of your choice, without us being reimbursed for the trading volume
1. You will pay 30% performance fee.
Price Option Variant II – Trading with one of our partner brokers, with whom we have an introductory broker agreement
1. You will trade with one of our partner brokers. Currently, these are ATC-Brokers, Alpari, EXNESS, FXSalt, Hotforex, Pepperstone, FinFX, ThinkForex, vPE-Bank and finally the MIG-Bank (Note: special conditions are available if you open an account at MIG via ForexInnovation GmbH)
2. Initially you will only pay 20% performance fee.
3. Depending on your trading volume, the performance fee will decrease to 10%!
This system is not available in shops. If you are interested please contact us. Please use our contact form or send an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Copyright Information:
Reproduction and or translation of any part of this work by any means electronic or mechanical including photocopying beyond that permitted by copyright law without the prior written permission of the publisher is unlawful and strictly prohibited.
U.S. Government Required Disclaimer:
Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/ Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
Risk Disclosure:
Trading foreign exchange on margin carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you. As with all investments, you should not invest money that you cannot afford to lose. Before deciding to invest in foreign exchange, you must carefully consider your investment objectives, level of experience, and risk appetite. Additionally, you must be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor. Past results are not necessarily indicative of future success. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold ForexInnovation and any authorized distributors of this information harmless in any and all ways.
CFTC RULE 4.41:
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Your purchase of any ForexInnovation products as well as reading these FAQs as well as any other ForexInnovation manuals or parts thereof constitutes acceptance of an agreement to our disclaimer and exempts ForexInnovation, the author, publisher and distributors from any liability and litigation.
