I have test run it since Oct 19, and so far all trades match those of the vendor, the results are so far very good, comparable to what the vendor claims. I use a 8% risk and not the large lot size that the vendor uses. My FinFx demo account started with $2,000. Today it is $2,833.79, and I missed a few profitable trades last Friday.
Hope the vendor can keep up the good work, and continue to make this a profitable EA.
I plan to go live next month. Good EA so far.
8% risk per trade? That will blow your account at some point. The maximum lost on one trade on this account is 3.85%.
Best regards Steve
Hey Steve, check back the trades of the first month. Not only he was risking more than 5%, he was at some point trading more than 3 trades per pair.
03.14.2014 15:15 03.14.2014 16:20 EURUSD Buy 3.60 1.39316 1.39115 -20.1 -757.77 1h 5m -5.23%
Thats how he achieved the really high gains.
As I said bf, this is a normal strategy of commercial EAs... go 'ALL-IN' and if it survives that month, publish the account results and lower the risk and keep going.
As I said also, at some point, I saw 12 trades opened at the same time in 1 event - as you all know this is a News Trade Breakout EA... thats pretty much when 90% of the trades of this EA, so there's a risk you will get many trades running at some point.
Still as I also said many times... if you properly filter these trades you will get a higher profit ratio and considering the TP/SL ratio , this strategy does allows you in the end to take higher risks.
With that said, I tend to agree that more than 5% in this EA as it is, its too much.
However, if you are trying to reproduce the 2000% profit you will need to risk high.