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 $50000 for my backtest!
Would like to know what others think about this software! The HTML file is to large to post!
Last edited by wannaberich; 05-19-2009 at 13:25.
This system must have a martingale in it, judging by the potholed incline. Looks dangerous.
Yeah i think you are right, martingale for sure. Certainly no good for live it would look like considering you need a large amount of money to trade with. But thought it was worth posting my test. Might put it up on my demo for a while to see what happens.
It is martingale but uses a really small lots - so it also makes little money. Note that it took 390 trades to make ~300$. And that's on 50000$ account!
Plus the fact that martingale always ends up destroying your account.
Last edited by Neo-Rio; 05-20-2009 at 06:18.
OK thanks for the information, looks like i will be staying well away from this EA on my live account