This EA is based on the Moving Average Bounce system.
EU M5. On one year.
Total net profit : 76.28%
RDD : 28.62%
sometime whenever i'm see free EA is better than the expensive EA.especilly forextracer and forexfunnel.i think advertiser sell with the price is not fair.profitable system also is very important in forex trading.but i'm try to buy the magic machine EA which have sensational result.
There is a way to highly improve the Bounce method:
Confirm that the Moving Average is trending in the direction of the Trade. If price bounced up you will look for a MA that is trending up (and in strong slope). In my trading experience this highly improves the performance of bounce-based trades.
Forward Tests that I know for Magic machine suck. It made a splash first month, then going nowhere. May be it needs constant optimisation.
Take a look:
Automated Forex Review: Magic Machine v2, 4 weeks result
It's a tweak of a free V force like EA on this board. You can probably optimize VForce to do same for few next weeks. Even if you do, nothing spectacular, just spectacular in comparison with FapTurbo or other commercial suckers. Learning MT4 optimization is your best bet.
Spectacular when you double account in a week.
Last edited by Metatrader7; 08-06-2009 at 06:10.