I'd like to add to your notes that results from eight years ago don't necessarily have anything to do with what's going on today. The bot may have had 32 loses in a row 8 years ago, but that doesn't mean it'll do the same today. gbp/usd does not behave today the way it behaved 8 years ago guys. We do backtesting to get a SENSE of what a robot can do. It's not a roadmap to the future. It's just a guide. I figure like this: If it fails in backtest, move on. If it succeeds in backtest, then we may have a chance for the future.
And i agree about this being gambling. How do all these people with their $250 accounts expect 'income' returns day in and day out? where else are you going to get more than 5% a year return? If you're expecting 30% a month, then expect some turbulence. This is not a ride without it's bumps.
I'm watching this Ea along with 6 others. I haven't come to any conclusions yet. But so far I like what i see here. When i feel comfortable enough I'll start trading it with a small amount. And see what happens then. So far I haven't seen what i see from some scam EAs, namely people reporting a complete different set of trades from their accounts versus what's posted on fxbook. That's a red flag, but this EA seems to be trading the same for everyone.