View Single Post
  #9 (permalink)  
Old 12-11-2008, 01:26 AM
adamforex
Guest
Points: 1,347, Level: 20 Points: 1,347, Level: 20 Points: 1,347, Level: 20
Activity: 0% Activity: 0% Activity: 0%
 
Posts: n/a
Tournaments Joined: 0
Tournament Wins: 0
Default AVOID this EA as a monkey could trade better.

Had several emails from the usual crowd of system sellers, "Mark McRae," "Adam Burgoyne", "John Burroughs" and "Dean Saunders" (I think they may all be the same person as they normally email within 15 minutes of each other and always about the same products, hmmm). Anyway I decided to have a punt while the EA was $95...

This "system" is a joke - it runs a take profit of 140 pips with stops of 500! 5 losing trades in a row and I'm down $500 real money. Even the scalper uses ridiculous R/R (see above) and often exits at break even. It has pretty obviously been curve fitted to give a high "win" % - despite a "win" being 14 pips on the scalper (stop is 140 so 0.1:1 R/R (!))

AVOID this EA as a monkey could trade better. Utterly woeful risk management - when you hit a losing streak you will lose BIG. You have been warned!
Edit/Delete Message Reply With Quote