They haven’t updated because the system sustained losses of around $20000 when the Euro gapped over the weekend. They had sell trades open just before close of trading Friday on EUR/GBP and EUR/AUD. To me this is not the system’s fault as the system up to now appears to be quite profitable, but the user’s fault. Common sense has to prevail, and at the end of the day, who is going to leave an automated system to open trades on pairs that are likely to be affected by gaps over the weekend.
Also the FX Blue xcel statement indicates lot sizing to be 4 standard lots across the board. The starting balance was $2000. Don't know about you guys but 4 standard lots on a 2K account is a bit rich.
I'm thinking the monthly returns are organically decreasing as a percentage of the overall account because the lot sizing is not increasing. While ever the lot sizing stays the same and the account continues to grow, the percentage return is naturally going to get less and less.
Definitely not martingale, and appears to use fractals to determine the exit if I'm reading the statement right. What I don't understand is the broker he's using, PaxForex. Not sure about their live accounts, but their demo spreads are terrible.