I bought this EA way back in October, I don't really trust back-test or demo testing so I opened a small $200 account with Oanda to test the EA. I decided to post up my findings for those who are interested in this EA. The following is my review and results of the Limitless ea.http://www.myfxbook.com/members/gregsmithjr/limitless-ea/446797
After nearly 3 months of testing the EA it has:
Produced 53% in gains
Average monthly earning of 17.77% per month
And had a drawdown of 32.39%
I did not interfere with the EA in any way during my testing, basically I just installed it and let it run without interference. The EA usually trades on a daily basis, averaging about 10 trades per week. Some days there were no trades and others there would be multiple trades. The EA uses a SL of 25pip and as far as I can tell takes profit from anywhere from 10pip thorugh 100pips. From the looks of it, the EA trades with the trend, so it should be very well during trending markets. It opens multiple trades and adds on to position when it is going in the right direction, because of this wins and loses usually comes in streaks, I have gotten a 17 trade losing streat once and also some nice winning streaks as well. Because of the EA money management, even with long losing streak it will not blow your account. So far I am happy with the results and cant wait for January when I put in some real capital to trade this EA.
To sum up some things about the EA: Profitable, small SL, big TP, trades often but not too much, good Money management, it can withstand long losing streaks without blowing your account, fully automated, no need to monitor it.
This EA works and I am happy with the results. I'm excited for January, I will start trading this EA with a $10,000 account, can't wait.
I will still keep the small Oanda account open for anyone who wants to view its progress.