I recently downloaded a product called FX Equity Builder and did some forward testing. The trading results were lively and excellent on EURCHF.
The algorithm appears to be a martingale style grid trader based around stochastic and 200 MA signals. However, it has no equity protection when price breaks out.
Although the site blurb claimed remarkable results since the beginning of 2009 I found it failed backtesting from early 2008 by stopping out!
Also I found the inbuilt equity protection to be hopeless.
The backtests were punctuated by OrderSend error 4107, which is usually caused by incorrect price formatting in the mt4 order send function (eg trying to send a 5 digit price to a 4 digit broker).
I contacted FXEB and they responded by referring me to Trading System Forex - Powered by vBulletin claiming that fundoo said it is a broker problem.
Has anyone else had experience with this product?
Is this product a pinch of a freebee, for instance?