Well i am a bit surprised and at the same time disappointed. A couple of months ago the vendor showed a 10k live account and after the account faced a massive DD, the account was deleted. Yesterday, the second live account got slaughtered by the FOMC spike and today the account is deleted.
The system has seen some considerable updates as a result of those experiences - and a change of broker. Its called applying what you've learnt and moving forwards - versus focusing and the negatives and making them become your reality and giving up/moving onto next EA system/negative experience like 95% do (or in case of NMi clients - about 17% move on to other things judged by our refund rate, which about as good as it gets for EA's via clickbank).
Those that have refunded will, in time, realize the error in their decision I do sincerely believe and in fact more than one have entered back into the fold.
The second account isnt deleted - just removed from public view - our clients have it listed in our private forum - but for those looking in from the outside they just don't understand the issues well enough and Im a bit over repeating the same facts over and over - including that it still 40% up on starting balance and losses were caused by a combination of horrid slippage and a risk management system that wasnt designed for an all pairs meltdown which never occured previously - it is now. So, I just made it private for clients only who are interested in seeing how it goes there but I no longer suggest that broker to trade it on.
The last FOMC was actually a profitable experience for the record (for most) and all the risk that put on the line these days is 4-5% max loss per day when running 0.5% risk per trade - which is still good enough to see double digit days, ie a higher monthly return potential than most EA system are capable of in an entire month.
Do your DD (due diligence) - including looking at a 15k live account listed in our profile and other about the place - this is one of, if not the best EA system available on the retail market today if you stick with it thjrough the ups and downs - which is the biggest challenge for most! Show me (and the 113 people tracking this system) something available retail that runs comparitively with regards risk on the same broker over the same time span as the NMi SS EA and has done better.....and that runs with a hard stop loss, no cost averaging or martingale and isnt going to blow an account up overnight.
Look, I'm as keen as the next guy for a decent system...........but the sheer lack of them is what drove me to build my own (for years now in fact Ive built my own). My long time FX buddies trade very little else aside from this EA, after years in FX they (like me) realize its one of the less than a handful out of the thousands of designs that you really have a chance with.
Cheers, Adam :)