Onyebuchim C. Obike
Sergeant
- Messages
- 178
Hi, I went to check their History records on MTi, slightly needs getting used to as I am most familiar with myfxbook.
1) Trades GBPUSD (history did not indicate any other cur)
2) ONE trade per day (it may have opened another trade if first one is closed, but again history did not indicate there were more than 1 trade)
I am slightly familiar with the trading strategy of using combo of MA, CCI, MACD, RSI, Stoch. If EA has been coded to obey certain criteria built around these age-old but tried and tested indicators, EA will not just open any trades and those that EA did opened (depending on how logic was built to read off these indicators) will likely results in higher probability winning. The mti results shows abt 70%. Most trades familiar with these various indicators know that each has a specific function, eg, MA shows the moving average and general trending direction of a cur pair, RSI shows the overbought/oversold ranges which may help detect reversal etc. Google or press Help in MT4 and you could probably read for yourself abt these indicators.
PS: I am not their affiliate, just excited to see or discover a EA that trades with such strict rules covering so many indicators that worked well to avoid whipsaw/indicate general trend, yet had possibility to detect divergence, reversals, volume, etc. Market is not your playground, thus, even the best of the EA or human traders can failed abt 25% of the time. If the EA had proven by back testing to fail at <= 25% (the mti account is verified and its a live trading acct), then its worth while considering
I am game, just have to find out whether its something I could afford. I dont mind a installment payment method either, its certainly difficult to get an EA which can at least perform under most market conditions (perhaps the EA may even have news indicator built in to avoid news trading). It will be a compliment to my purchase of SPhantom which trades strictly EU
I quite agree with you. If actually the logic combining the vital indicators are smart then it's a good one.