Well said fxtrader10...it would be greatly appreciated if others could refrain from 'bad-mouthing' the developer on his own forum. I am a genuine purchaser and user of REV Trader Pro and I'm getting GREAT results with this EA. If you haven't tried it for yourself, could you please kindly keep your opinions to yourself.
support your points!
I am testing this EA. Usually I don't judge an trading system just based on the results from several months running only. I only can back up the forex trading system with more than 1.5 years trading period at least. After EA has more than 2 years live trading results, I can actively recommend to my clients. The trading mechanism of REV EA is not bad. especially for DD control. But whether it can survive for a long period with stable performance, let the real performance tell...
I have solid experience with other EAs. usually they could performance well with optimized setting for some period. But after half year, even one and half year, the EAs may wipe out trading account completely.
It would be wise to test and understand the EA behavior in the very tough market period (I don't believe the EA only based on back test results, but it is an index at least). REV team optimized the EA settings. But they are very reluctant to share the testing results which are usually provided by the EA vendor. Optimized EA setting is only for certain period. if this setting has no tolerance to the at least very tough market period, then when the market change, it is too late to apply another optimized setting because the trading account has been wiped out already. there are too many cases.
I think REV team should make it more transparent and anwere the questions actively by themselves if they really believe their EA performance with long term rather than a quick seller. I also could understand perplex by the member here.
Always Risk Management First, Then Grow The Profit!