Feb 15, After analysis of the past week and backtesting for this year I've reduce traded Pairs to (4) instead of (6). The EJ, GU, GJ & UJ performed best with this EA and will be traded going forward. Also optimized the EA parameter settings for each pair instead of keeping them all set to the same settings.
Feb 15, Oh, the -$32.28 (EJ) loss was not caused by the EA, this open order was disconnected from the EA by an issue with my VPS service provider and when I was able to re-init the EA it closed the trade at this loss level. Normally it would have taken a smaller loss at the trend change point and entered into a Long trade which would have gone for profit late Friday Feb 12.
May 2nd replaced custom Stoch EA with ForexHacked2.2, May 16th Upgraded to v2.5. The bad reviews for this EA are due to the risky Martingale strategy used. The point of this trading account was to illustrate that if you have coservative settings that can reduce or eliminate the possibility of a blown account. Many blown accounts noted in many web reviews were created by users wanting increased profits.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.