How to Verify EA Performance on Myfxbook: A Step-by-Step Guide

EA Buyer’s Guide · Series B, Part 3 · 8 min read

Myfxbook is the standard verification platform for forex trading accounts. When an EA developer links to a Myfxbook account, it means their performance data is independently pulled from the broker — not self-reported or manually entered.

But Myfxbook shows a lot of information, and not all of it is equally important. This guide walks through every key metric on a verified Myfxbook account page and explains what to focus on when evaluating an EA.

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Step 1: Check the Verification Status

The first thing to confirm is whether the account is verified. A verified account shows a green checkmark and the text “Verified” next to the account name. This means Myfxbook has a live connection to the broker and is pulling real trade data.

An unverified account can show anything. Developers can manually enter trades, hide losing periods, or fabricate results. Never base a purchase decision on an unverified account.

Step 2: Account Age and Track Record Length

Check the account start date. This tells you how long the EA has been running on this specific account in live conditions.

• Less than 3 months — insufficient data. Too short to draw conclusions.
• 3-6 months — useful starting point. Shows the EA is operational but has not been through multiple market conditions.
• 6-12 months — meaningful. Covers at least one full quarter cycle of market behavior.
• 12+ months — strong signal. Has survived real drawdown periods, seasonal patterns, and at least one significant macro event.

Step 3: Absolute Gain vs Balance

Myfxbook shows two return figures: Absolute Gain and Relative Gain. The difference matters.

Absolute Gain calculates return based on all deposits and withdrawals. If an account was topped up midway through, absolute gain accounts for that. Relative gain is simply profit divided by starting balance — it ignores subsequent deposits.

For evaluating an EA, focus on the equity curve shape rather than the headline percentage. A smooth upward curve with controlled dips tells you more than a high percentage figure that may include favorable timing or deposit manipulation.

Step 4: Drawdown — The Most Important Number

Myfxbook shows both Balance Drawdown and Equity Drawdown. These are different.

Always compare the equity drawdown to the stated backtest drawdown. If the live equity drawdown already exceeds the backtest maximum, something has changed.

Step 5: Open Trades and Floating P/L

If the account has open trades at the time you are viewing it, Myfxbook will show the current floating profit or loss. This is critical context for interpreting the balance and gain figures.

An account showing $500 profit but $1,200 in open floating losses is actually in a -$700 position. The balance looks fine but the equity does not. Always check the open trades section before trusting the headline return figure.

Step 6: Win Rate and Trade Statistics

Myfxbook provides trade-level statistics including win rate, average win, average loss, and profit factor.

For martingale EAs, win rate will typically be high — 80-95% — because most recovery cycles close profitably. This is expected and not a meaningful signal by itself. What matters is the average loss when a cycle fails versus the average win when it succeeds.

A healthy martingale system typically shows: high win rate (good), average loss much larger than average win (expected and acceptable), and positive profit factor above 1.0 (required for long-term viability).

Step 7: Lot Sizes and Position Sizing

Check the trade history tab and look at the lot sizes used relative to the account balance. A $10,000 account consistently trading 0.01 lots is very conservative. The same account trading 1.0+ lots is aggressively sized.

Oversized lot sizing produces impressive short-term returns but dramatically increases drawdown risk. If the live account is running significantly larger lots than recommended for the balance, the impressive returns come at unsustainable risk.

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