Actually I am testing the EA on my own, with my own settings. I can share them with everyone to want to test them on a demo. My demo from Teletrade is exactly as a real account. I have tested many strategies on demo and real account.
Yes apparently I had good results but you are not protected by very quick movements of the crosses and markets. The big movement of gold on friday resulted in a huge loss as you can see.
You have two options:
1) you do not put a SL, do not open more trades and wait for the market to stop the movement, at night close the trade with a big loss (about 12-15 %). In the mean time, with a trade open the EA will not open another trade.
2) you can use a second EA, free on the MT4 market to set SL and TP for you, before the hour. Set the SL and TP in line with the 14 period ATR.
This EA works on Hour settings, orders are opened at the hour, SL and TP set one hour later.
In one hour you can have really a big movement, put TP and SL. If you want to know my settings write me.
The DD is so low because they opened an account with 15 million USD (!). Even with more than 100k in minus the DD would still be less than 1%. lol Which trader opens an MT4-account with 15 million USD and starts to trade with 800lots (see screenshot)? I'd just invest that money into a good fund of one of the 'good' banks. Why take all that money at such a high risk?
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