ForexFunnel

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Thread: ForexFunnel

  1. #1
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    Default ForexFunnel

    well here is my backtest from this system. It is a good system in backtest so far, but my biggest problem is that fact that you require a large starting capital to stop your account from blowing up.

    In my tests, a min of $10000 is required trading with 0.01 lots, so not really sure if it would be good for live trading, i used $50000 for my backtest!

    Would like to know what others think about this software! The HTML file is to large to post!
    Attached Images Attached Images ForexFunnel-forex-funnel-gif 
    Last edited by wannaberich; 05-19-2009 at 13:25.

  2. #2

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    This system must have a martingale in it, judging by the potholed incline. Looks dangerous.

  3. #3
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    Yeah i think you are right, martingale for sure. Certainly no good for live it would look like considering you need a large amount of money to trade with. But thought it was worth posting my test. Might put it up on my demo for a while to see what happens.

  4. #4

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    It is martingale but uses a really small lots - so it also makes little money. Note that it took 390 trades to make ~300$. And that's on 50000$ account!

    Plus the fact that martingale always ends up destroying your account.

  5. #5

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    Quote Originally Posted by FXCode View Post
    It is martingale but uses a really small lots - so it also makes little money. Note that it took 390 trades to make ~300$. And that's on 50000$ account!

    Plus the fact that martingale always ends up destroying your account.
    Couldn't agree more. I don't know why people want martingale options in EAs... unless the EA is THAT GOOD that it rarely ever loses ( haven't found one yet ... and even if I did I wouldn't be able to sleep at night ).

    Anyway, forex peace army mentions that it DOES use a martingale and there's anecdotal evidence that yes, it has blown up huge accounts before.
    Martingales turn trading bots into gambling bots.
    Last edited by Neo-Rio; 05-20-2009 at 06:18.

  6. #6
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    OK thanks for the information, looks like i will be staying well away from this EA on my live account

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