A word of warning for anyone considering purchasing any trading system (manual or EA), you must see third party confirmations and if the vendor does not have the proof, you walk.
Backtesting can easily be manipulated (and it is). The manipulation occurs by testing the algorithm first then finding where the bad trades were, then they take the data feed (that the Strategy Tester uses) and they delete those days where the bad trading occurred. Now you have a beautiful equity curve but a bad EA. Never ceases to amaze me how deceitful people have become.
Thanks for the information, I'll start the process and see where it leads.
Regarding the performance of this EA I logged into their live account as an investor and the gains were amazing and on numerous occasions they made withdrawals once the account reached +100k leaving 5k in the account and 2-3weeks later it was back up their.
I ran the EA on my demo and it went from a 1k to 157000.00 in a 3 week period. But on my live account it did not get traction for 2 months then all of a sudden I had a phenomenal day it made 300 pounds in one day low risk and that was it. next 3 months all losses.
Take advantage of the minute you have - not the hour promised