Interesting that you should say that. You'll notice that the absolute gain is higher than the gain. This is because funds have been withdrawn from the trading account. Had funds been added to pad the graph, this could not be true.
Since this is a private beta tester account and the owner wishes not to have their balance made public, we will be starting a public account soon so that a public balance may be viewed. This will coincide with our website going live.
This is a fully automated system utilizing both fundamental, and technical analysis. The system uses both technical triggers and economic events for both trade selections and trade avoidance. Margin consideration for trades is internally calculated as if the account has 100:1 leverage.
This graph reflects the full history of ResonanceTraderFX's trading on a live account since it's inception. All bugs, problems and version changes have been recorded and are reflected herein. Please note that the 40% draw down was during the initial testing phase and revealed bugs that are only apparent when moving from testing on a demo account to trading on a live account.
Hey friends, does anyone know what the status of this EA is? Not seeing many postings here. A web site was mentioned. Does anyone have any info about the progress of this system and whether it will be for sale, etc.
A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does!
This concludes the 1 year forward test, and the beta account has now been closed. As far as we can tell, 99% of the bugs have been worked out and the neural network optimization integration has been completed. We will be posting the new account shortly, with initial settings of RISK_LEVEL = 2 (default). The balance graph will also be visible. Any setting changes will also be posted to the myfxbook discussion pages for the new account.
We are expecting the website to go live on June 1 - at the latest. The new account should be up before then and it will be able to be found under this user name, but we cannot guarantee the timing exactly. The website ~should~ also be up when the new account is posted, but again we can make no guarantees. Due to commercial posting restrictions of myfxbook we cannot post the name of the website, but it should be rather easy to guess from our user name.
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.