As of now, this system seems to be good because manual is easily understandable and backtest performance is not bad. Also all trades in foward testing are Win.
However, MM function doens't work properly in my demo account so strange positioning occured at the beggining of forward testing caused by traial error. I decided to use fixed lot so lot size for all trade is 0.1 from now on.
FXDF yes I noticed that too, if only 1000 deposit should leave at 4 but as is 10,000 should be 40$ profit setting. I have been testing thsi and it does seem to never lose occasional will open 2 trades but I have it to trade every 6 hours, when it opens 2 trades it will close one as a loss but overall will make the $40 total when closing the two trades. They do have a setting of 30% drawn down but reckon it would only happen if the markets went berserk. Still no losses for me yet either I am thinking of going live with it and if I do will post on here.
I bougth this system just 1 day back but from 1st day its made me scary I am testing it at Demo with account size 36K..In EA manual they said we can change lot size and profit as per account size I changed lot size 0.3 and profit USD100..Yesterday I installed it at Demo and its took its first trade ..EA opened two position one GBP/USD Sell and GBP/JPY buy..but that time both pair were in downtren and GBP is major pair in both pair and GBP were week -75% so one trade GBP/USD was correct in Sell but other trade GBP/JPY was wrong as per trend ..What is major draw back of this system there is no SL and drawdown is 30% of ur account..mean we have to burn our account with our hands..Today is 2nd day of this system and its opened two more trade against the tren..mean tren is downward and it should have to open sell but its again opened buy for both pair and loss is increasing gradually..Its making me scary to install at my real account..I want to check 1 week if i found same result i will like to return back my money as they mentioned 60 days money back guarantee...lets see if i have some positive result i will post..if some one have some good expercience at real they can share here with real account proof statement..I saw its creater account which is trading by this EA from In Sep10 its opened only 6 trade and 2 in Oct until now all are in loss..how can they say and claim their system is perfect as comapre to other inventor..lets see and wait for my more comments...
Well it was not mentioned in the manual but on their website that you need to change the profit in your case to 3.6 x 4 = $14.4 the reason you are not in profit is you have the profit setting too high!
The example they give is for $1000 account you use 0.1 lot and the profit per trade would be $4 so if the account balalnce is higher you jsut need to change the settings accordingly.
To ask for $100 profit a trade is a lot of pip movement on 0.3 lots so you may have had wins here rather than it go into a loss
I am testing and not had a single loss yet apart from where it had 2 trades on same currency in which case if I had profit set at $4 you would see them both close for +$12 and -$8 =$4
Best thjing to do would be to close it and reset it all up again other wise you will never know how its doing as it keeps a running total of profit.
Will be going live soon so will post mine on here when set up as I need a VPS to run this 24/7
I also have my account set to trade every 6hrs. I have only been trading it on a live account for one week and so far it is up about 5% on the closed trades, however down about the same on the open trades, so essentially its gone nowhere. I think the open trades should come good during the week, but will just have to wait and see.
Overall it seems ok in terms of ease of use and the different options for settings, however I didnt particularly agree with the long trades it opened on the gbp/jpy, which are the trades that are in drawdown, but given that the profit targets are only relatively small i am not concerned with that as yet.