Well, the more I look at this particular EA, the more I can understand his claim that it has 100% success. This is because the trades that do not reach the profit requirement to trade out of are simply left open until they do, not matter what the drawdown becomes. I think this type of system would work using a coin flip to trade. It has some merit theoretically if you have a huge bank and only trade with a small percentage of it per trade. I would imagine the stats would show that there is a very high probability that no matter where you open a trade, if you can bear a big drawdown, you'll be able to trade out with a reasonable profit at some stage or other. Sadly, most people don't have large enough banks and tend to over trade with each trade.
I think I'll stick to news rather than these mechanical systems and use my intuition. Seems to work better for me
