A few month ago we decreased the risk on this account but this did not stop the EA to keep the average monthly profit at a very nice level. At the moment the account is +806.42% up and the average monthly profit is 12.77%. 😄
This EA is really scaring me today, positions are not same as vendor which is fine it is an EA meant to run based on stats. However please anyone who uses this run on low lots. I am in AUDNZD and GBPUSD both VERY exposed at the worst possible time.such bad trading. LIKE how is that even possible? The day GBPUSD and AUDNZD both want to run ONE way no retrace.
Thank you for your comment. If you take a look to the actual stats you will see that the actual DD is about 2.5%. Draw downs are of course never welcome, but they are part of trading and cannot be avoided. What's important is to deal with the risk and not to over trade the account. If you do that, PowerFlow will generate constant profits for.
I just purchased this EA and am running it on a demo account to test it first. 2nd day in I'm at 20% drawdown from one AUDNZD trade!?!? (See screenshot). I am running the setfile that came with the software. Is this normal? Am I doing something wrong?
you run the EA with VERY high risk. As result, the account is already more than 50% up, which is great considering that you just started the account a few days ago, but the DD is also very high because of the high risk.
I would recommend that you contact our support desk (support [at] forex21.com). We will be happy to assist you with the setup.
One more thing. I just saw that the trades are at the moment not managed by the EA. Perhaps you closed the terminal? If so, please note that PowerFlow can only manage the trades as long as the terminal is up and running and connected with the broker server.