TESTING TRANSPARENCY

Read the result. Understand the limitations.

Backtests are useful for studying how fixed rules behaved on historical data. They are not live trading records, forecasts or guarantees. This page identifies exactly what the published Breaksmith summary displays and what buyers should verify independently.

Published and reviewed by Truong Nguyen · Updated 19 July 2026

Breaksmith Balanced Mode backtest summary for 2020 to 2026 showing a 500 dollar starting balance, 2,890.45 dollar profit, 12.67 percent maximum balance drawdown and 14.17 percent maximum equity drawdown — Published Balanced Mode summary. The chart and figures are hypothetical and do not guarantee future performance.

THE DISPLAYED SUMMARY

Figures visible in the published image

The values below are transcribed from the image above. They describe one Balanced Mode historical simulation and should not be treated as expected returns.

Test mode: Balanced Mode
Displayed period: 2020-2026
Starting balance: $500
Displayed profit: $2,890.45
Maximum balance drawdown: 12.67%
Maximum equity drawdown: 14.17%

CORRECT INTERPRETATION

What a backtest can and cannot show

It can help examine

How programmed rules respond to historical prices
Trade frequency and sequencing in the test data
Historical drawdown under the selected assumptions
Whether the strategy logic behaves as intended

It cannot establish

Guaranteed future profit or drawdown
Identical execution at every broker
Protection from gaps, slippage or abnormal spreads
How future market structure will develop

MATERIAL VARIABLES

Conditions that can change the outcome

EA results can vary when any of the following changes. A responsible comparison uses the same version, risk mode and test assumptions wherever possible.

01
Price data and modelling
Broker history, tick quality, gaps and timezone differences can alter entry and exit sequences.
02
Trading costs
Spread, commission, swap and slippage reduce results and may be materially worse during volatile periods.
03
Contract specifications
XAUUSD symbol names, lot steps, tick values and contract sizes vary between brokers.
04
Risk selection
Conservative, Balanced, High-Risk and fixed-lot settings produce very different exposure and drawdown.
05
Execution environment
Latency, rejected orders, terminal interruptions and VPS reliability affect live results but may not appear in a simulation.
06
Economic-news filtering
The MetaTrader strategy tester cannot reproduce Breaksmith’s live economic-news filter, so historical tests do not include that live feature.

BUYER CHECKLIST

How to evaluate Breaksmith responsibly

Choose the correct platform.MT4 and MT5 are separate products and must match the installed terminal.
Use the free MQL5 demo.Test the current version with the broker and Gold symbol you intend to use.
Include realistic costs.Use representative spreads, commissions and execution delay rather than idealised assumptions.
Start with controlled exposure.Conservative settings make it easier to assess behaviour without immediately taking aggressive risk.
Compare with forward behaviour.A live or demo forward period reveals conditions that historical testing cannot reproduce.
Judge over sufficient time.A few trades or a short favourable period is not enough to establish robustness.