Terms, Risk & Testing Disclosure

Last updated 20 July 2026

1. Who you are contracting with

Mr MES FX is operated by Mathew Samuel, contactable at target1007@gmail.com. He is solely responsible for the supply of this software, its support, and these terms. By purchasing a membership you enter an agreement with him.

Mr MES FX is a software vendor. It is not a broker, not a fund manager, not an investment adviser and not regulated as any of those. Your money remains with your own broker at all times and is never held by, transmitted through, or accessible to Mr MES FX.

2. What the software is, and is not

Mr MES FX is an Expert Advisor for MetaTrader 5: a program that executes a set of trading rules automatically and manages the resulting positions. You choose which strategy engine to run, on which instrument, at what risk.

It is a tool for executing decisions. It does not make them for you, and it cannot predict market direction. No strategy, setting, filter or protection feature in this software guarantees a profit or removes the risk of loss.

3. Risk disclosure

Trading foreign exchange on margin carries a high level of risk and is not suitable for everyone. Leverage magnifies losses as much as gains. Depending on your broker and account type you may lose more than your initial deposit.

Automated trading carries additional risks beyond those of manual trading, including but not limited to: platform or internet outages, broker rejection or requoting of orders, slippage during volatile conditions, incorrect configuration by the user, and the possibility that a strategy which performed acceptably in the past does not continue to do so.

Only trade with money you can genuinely afford to lose. If you are unsure whether this product is appropriate for your circumstances, seek advice from an independent, properly authorised financial adviser before using it.

Nothing on the Mr MES FX website, in its documentation, or in any communication from Mr MES FX constitutes financial, investment, tax or legal advice, or a recommendation to trade any instrument.

4. Testing methodology and full results

We publish this in full because it is the honest basis for anything we say about the product. Read it before you form expectations.

What was tested

Approximately 200 backtest configurations were run in the MetaTrader 5 Strategy Tester: all seven strategy engines, four timeframes from 15-minute to daily, six currency pairs, five separate calendar years, and every risk feature switched on and off in turn. Together these covered over 10,000 simulated positions.

What the testing established

• The software compiles cleanly and ran without a single runtime error across every configuration.
• Zero orders were rejected by the broker across all tests.
• Position sizing is accurate: at a 1% risk setting, measured risk per trade tracked 1% of account balance as the balance compounded.
• Every capital protection feature fired at its configured threshold. The drawdown limit triggered at exactly 10.00%, flattened the open position, and opened no further trades.
• Break-even, partial close and trailing stop each function independently of one another.

What the testing did NOT establish

No configuration tested demonstrated a reliable trading edge. We consider it important to state that plainly rather than bury it.

• Across all configurations the mean profit factor was approximately 0.96. A profit factor below 1.0 loses money.
• The strongest candidate found (Breakout Hunter on the 4-hour chart) achieved a profit factor of 1.05 on the data used to select it, and 1.08 on two years held back from selection — but lost money on all five other currency pairs tested.
• One engine was the best performer of all on 2024 data and, re-tested across five separate years, lost money in four of them. It had matched the noise of a single year rather than found an edge.
• Measured profit per trade on the 15-minute chart averaged around +0.40 pips, against a typical retail spread of 0.8–1.5 pips. An edge smaller than its own transaction cost is not an edge.

These are the standard technical patterns from which most retail trading robots are built. Our conclusion is that such patterns are widely known and largely arbitraged away, and we would expect any honest test of similar strategies to reach a similar result.

Two figures you should treat with suspicion

Win rate. MetaTrader's own report counts each partial close as a separate winning trade. In our testing this inflated the reported win rate to 64.6% when the true position-level figure was 48.5%. Be sceptical of any win rate quoted from a MetaTrader report, including ours.

Small samples. One configuration returned a profit factor of 1.64, profitable in all three years tested, with a 2% drawdown — from ten trades over three years. A result based on fewer than roughly thirty trades carries no statistical meaning whatever it appears to show.

Limitations of this testing

• Testing used broker-supplied historical data rather than real recorded tick data with real historical spreads. Live conditions are typically worse than tested, never better.
• Higher-timeframe results rest on small samples (roughly 30–40 trades per year).
• Around 200 configurations were explored, not the entire parameter space.
• The software has not been forward-tested on a live account. Backtests are an optimistic ceiling, not a forecast.

Past performance, whether from a backtest, a demo account or a live account, is not a reliable indicator of future results. The documentation supplied to members sets out the full method so that you can repeat every one of these tests yourself, and we encourage you to do so.

5. Licence terms

Membership grants you a personal, non-exclusive, non-transferable licence to use the software on the MetaTrader account number your licence key is issued against, for the duration of your membership.

• You may reissue your key against a different account number from your account page if you change broker or account.
• You may not redistribute, resell, sublicense, share, publish or decompile the software, or share your licence key.
• Sharing a licence key or the software terminates your licence immediately and without refund.
• Your licence key stops functioning when your membership ends. Positions already open retain the stop loss and take profit held at your broker.

6. Membership, billing and cancellation

• Membership begins with a 7 day free trial. A payment card is required to start it. You are not charged during the trial.
• Cancel at any point during the trial and no payment is taken.
• After the trial, membership renews annually at the price shown at the time of purchase, charged automatically to your card.
• Payments are processed by Stripe. Mr MES FX does not store your card details.
• You may cancel at any time; your membership then runs to the end of the period already paid for and does not renew.
• Because a licence key and software download are delivered immediately on payment, refunds after the trial period are at Mathew Samuel's discretion. The free trial exists so you can evaluate the product fully before paying.
• A licence key already issued remains valid until its expiry date and cannot be revoked remotely, as it is validated offline on your own machine.

7. Support and updates

Support is provided by email at target1007@gmail.com on a best-efforts basis. Updates released during your membership term are included at no extra cost. We do not undertake to release any particular update, or to maintain compatibility with future MetaTrader versions indefinitely.

Support covers installation, licensing and the operation of the software. It does not extend to advice on what to trade, which settings to use, or whether to trade at all — those are your decisions.

8. Liability

You are solely responsible for your trading decisions, your choice of settings, your choice of broker and instrument, and all capital you place at risk.

To the fullest extent permitted by law, Mathew Samuel and Mr MES FX accept no liability for trading losses, lost profits, missed opportunities, or any indirect or consequential loss arising from use of this software, including where caused by software defect, misconfiguration, platform outage, broker behaviour or market conditions. Any liability that cannot lawfully be excluded is limited to the membership fees you have paid in the preceding twelve months.

Nothing in these terms limits liability for death or personal injury caused by negligence, or for fraud or fraudulent misrepresentation.

9. Your data

We store your name, email address, and the MetaTrader account number you choose to bind your licence to. Payment details are handled by Stripe and never reach us. We do not have access to your trading account, your broker credentials, your balance or your positions. We do not sell your data. You may request deletion of your account at any time by email.

10. Contact

Mathew Samuel
target1007@gmail.com

These terms are governed by the law of England and Wales.

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