What is more profitable – medium or intraday trading in the Forex market? Part III
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After analyzing the effectiveness of both methods of trading in financial markets – medium-term and intraday – we can finally sum up and give a concrete answer to the question “what is more profitable”.

Recall that the testing was carried out with the help of two professional trading advisors LionFX and EagleFX. Here are the characteristics of each advisor:

Lionfx
Type: fully automatic trading robot for medium-term trading, independently opening and closing deals on certain currency pairs. Trading takes place simultaneously across the entire pool of financial instruments.

Used strategy: trading by trend, using divergence / convergence to enter the market using one of 30 predefined algorithms.

Work with losing trades: all trades are opened with Stop Loss already set. According to statistics, the number of losing trades rarely exceeds 10%.

Trading platform: MT4, MT5.

Market: currency.

Eaglefx
Type: automatic trading robot for intraday trading, independently opening and closing deals on currency pairs. Trading takes place simultaneously across the entire pool of financial instruments.

Used strategy: trading by trend, using divergence / convergence to enter the market using one of 30 predefined algorithms.

Work with losing trades: all trades are opened with Stop Loss already set. According to statistics, the number of losing trades rarely exceeds 10%.

Trading platform: MT4, MT5.

Market: currency.

We used several time intervals as test periods. The first was the period from January 5, 2015 to May 26, 2018. The second period affected the dates from January 1, 2017 to August 15, 2018. These time intervals were not chosen by chance, the first best demonstrates the work of advisers over a long period of time, and the second focuses on the annual period, up to the most current date.

The first gap (01/05/2015 – 05/26/2018) is certainly interesting, but in a comparative analysis we decided to turn to the second (01/01/2017 – 08/15/2018), since it is of more interest and better scaled. Let’s look at the key performance indicators of trade advisors for this period.

The results of testing advisors for the period 01/01/2017 – 08/15/2018

Lionfx
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Statistics

Used currency pair – EUR / USD.
The deposit used is $ 10,000.
Leverage – 1: 100.
Net yield for the period was $ 5,298.
The profitability ratio is 1.61.
The Sharpe ratio – 0.18 – shows the effectiveness of the trading system as a whole. The ideal value of the coefficient tends to 1, but only banking systems achieve this indicator.
Expectation win – 58.22
Margin Level – 8447%
The maximum drawdown reached a level of small 8.91%.
Profitable transactions for the period – 76 out of 91. Thus, 83% of all transactions made by advisers made a profit. Loss-making transactions totaling 15.

Eaglefx
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Used currency pair – EUR / GBP.
The deposit used is $ 10,000.
Leverage – 1: 100.
Net yield for the period was $ 11,407.
The profitability ratio is 2.78.
Sharpe Ratio – 0.42.
The expectation of winning was 107.61
Margin level – 9446%
The maximum drawdown reached a level of 15.73%.
Profitable transactions for the period – 98 out of 106. Thus, 92% of all transactions made by advisers made a profit. Loss-making trades 8.

Analysis of test results
Due to the fact that these advisors are designed for different conditions of interaction with the market, their work is focused on different currency pairs. This not only allows to achieve better results, but also allows the use of advisers in tandem without the risk of disrupting their work.
The size of the deposit and leverage has not changed, in order to test the work of advisers in the same trading conditions.
Net yield of advisors for the period: LionFX – $ 5,298, EagleFX – $ 11,407. The short-term adviser earned twice as much as his medium-term opponent.
The profitability ratio of the mid-term adviser LionFX was 1.61, while the indicator of the intraday EagleFX robot is 75% more – 2.78. The profitability ratio is the ratio of total profit to total loss.
The Sharpe ratios of both advisers did not even reach half of the maximum value of one. For LionFX, this indicator is at a level of 0.18, and for EagleFX at around 0.42. We remind you that this indicator indicates the effectiveness of the trading system used by the advisor.
The mathematical expectation of winning a mid-term adviser is almost two times less than the value of an intraday robot – 58 against 107. This indicator is responsible for the level of profitability of a trading strategy in the long term, tending to infinity. In this case, the difference can be almost twice explained by the number of completed deals