The other EA is calles Ares and makes the most profits. I did buy the base code,improved it over time to allow risk control. Ares is to handle carefully because of martingale structure. I added Parameter to limit the number of levels and finetuned to certain pairs. At large market moves, I manually adjust some parameters, or take profit early. Especially at smal accounts like this. For full automatic use on 0,1 Lot accounts, it needs $ 20k Equity. I test the EA on an other account called CHRONOS, without any manual intervention and with constant lot size (no compounding).: https://www.myfxbook.com/portfolio/chronos/67782
I use Ares also on the CADJPY pair with specific settings. On this pair I had a maximum of 3 open positions and steady profits. This is the lowest risk application for this EA. At this time I am not sure if I want to sell this EA.
Due to interest from traders and there recommendation, I have opened a PAMM account at FxOpen called 'westlake(CHRONOS)'. The broker allows only 1:100 leverage so I have to use conservative paramaters on the ARES system I trade here. In the first week it made 15% profit. Investors can join with a minimum of $ 300. Here the link: https://www.fxopen.com/Pamm/Account.aspx?Id=10b65966-dd67-4da0-86e5-425315313cca
For individual investors I may also offer account managment together with my Partner. But to provide sufficient capital protection and flexibility, trading the ARES System(s) , this is only possible with a minimum account balance of $10.000.
Strategy Changes: As mentioned before, I used also Trade Signals from the public available LEO TRADER system. I will now stop to use this System ! It operates with a 300 pip Stop Loss on EURUSD and GBPUSD. Recently Leo Trader did hit the Stop Loss Point with above average sequence, resulting in the loss of all profits I gained from the past 6 month, from this system. Given this high risk, I will not longer use LEO TRADER Signals. Some open positions (In Loss) will be closed in the coming days.
The core system (ARES) should help to recover the losses in short time.
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.