RedRhinoLab could be right. Heavy equity drop on Friday (USD spike after US data publication), recovered on Monday. One big rally against taken positions and account is burned. As Joe DiNapoli said 'All non-judgmental systems eventually fail (stop making money). Your hope is to be using one while it is working.'
Look at Advanced Statistics --> Summary. This EA trades NZDUSD long (!!!) and GBPJPY short (!!!). How could it be named anything but 'TrendScalping' :) Looks like it holds losing trades on EURGBP, NZDUSD and maybe other pairs too. Just imagine if they launched it one month later. There'll be no equity in few days... Here is similar EA, also constant profits but holds losing trades forever thus equity not growing but stable: https://www.mql5.com/en/signals/104308#!tab=trading
Guys, don't know how much normal trading system delivers per year (would say around 20%, if it's good year, correct me if i'm wrong), but that trendscalpingea delivers 50% in average per month! I don't how you, but i would rather undergo higher risk, then to stay poor for the rest of the life.
JojoW posted: @ovo_sapiens what's wrong trading NZDUSD long (oversold) and GBPJPY (overbought) now? Both offer good reward/risk opportunities.
Nothing wrong. But look at this EA as a whole, not just at growth graph: - Best Trade (Pips): 49.0 - Average Win: 22.09 pips - Maximum Drawdown: 57.30% - Drawdown yesterday: 39%
In my opinion this system risks everything (no SLs at all) in order to scalp small retracements in main trend. In case they launched this system not at the end of April but between May 20 and June the 1st, this account will survive 3-10 days with max. profit 10% then equity down to 0. Risk not acceptable for me. Wait for FOMC decision next week, we'll see what this EA will show the day after. Best EA from signaltrader.com - SignalCable reached 500%+ profit then lost everything in one week. And there were about 2000 followers of its signals...
Our EA works with all MT4 and MT5 brokers. Spread can be up to 4.0 pips and it can still make money every day. Our EA makes realistic profits from 100-500% monthly, no hype and Demo trading, only Real accounts. Check myfxbook to make sure!
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