Forex Verified Scoring System

Receive reviews and important news via email. Unsubscribe anytime.

Q: What is the Forex Verified Score?

A: The "Score" displayed in our test results is a proprietary algorithm that accounts for the net profit/loss, the duration of the test, and the maximum account drawdown. Instead of basing the score entirely on profitability, we felt it was important to account for drawdowns and the test duration too.

The maximum drawdown is an extremely important factor to consider when judging a Forex strategy. Imagine you have two strategies: the first averages 10% per month and has had a maximum drawdown of 15%. The second also averages 10% per month but had a maximum drawdown of 80%. Which do you think is the better system?

Our scoring system takes all this into consideration.

General rules:

We usually don't consider trading a strategy on a live account unless it has a score above 5 and test duration over 90 days (180 days preferred).
All systems that have negative Profit/Loss will also have a negative score.
The "score" is not an unquestionable standard of quality. Sometimes a relatively new test will perform great and receive a good score before it goes into a drawdown. That is why we don't consider trading a strategy live until the test has continued for a satisfactory duration.
Currently we have NO manual overrides for the scoring displayed on the website. It is 100% automated so we do not personally control which systems are at the top or bottom of the list.
A score of "N/A" means the test has been active for less than 14 days. Scores are only available after the first 14 days of testing to prevent prematurely high scores of strategies that got lucky their first few days of the test.

Important Disclaimer: Forex Verified provides technical and support services. We are not trading advisors and we do not make suggestions to our visitors to buy or sell any particular Forex currency or security. The expert advisors we sell are pieces of software used as automated strategies that are operated entirely at the discretion of the user. These are not to be taken as trading advice or offerings. What you do with the software is entirely at your own discretion.

Trading Is Risky: Never, ever trade with funds that you cannot afford to lose. All trading investments (Forex, stocks, options, futures, etc.) are risky. Never trade with borrowed funds or your life savings. Use only risk capital and always, in every circumstance, start with a risk-free DEMO account before using any real funds to trade.

Additional Risk: Trading is not just financially risky, but you must also be ready to accept risks from an emotional perspective. Losses can grow exponentially when combined with emotional mistakes and desperate actions.

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, stocks or options on the same. 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.

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. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN.

Forex 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 forex market. Don't trade with money you can't afford to lose. This web site is neither a solicitation nor an offer to trade forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this site. The past performance of any trading system or methodology is not necessarily indicative of future results. Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Moreover, the leveraged nature of forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and your position will be liquidated and you will be responsible for any resulting losses. Investors are recommended to lower exposure to risk by employing risk-reducing strategies such as 'stop-loss' or 'limit' orders. Forex Verified will not be held responsible for the reliability or accuracy of the information available on this site. The content provided is put forward in good faith and believed to be accurate, however, there are no explicit or implicit warranties of accuracy or timeliness made by Forex verified.

About Forex Verified Scoring