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Stopped-DemoForex Funnel Demo Test Crashed & Burned

Average Pips per Week:-99 up (Gross Pips: -465)
Average Equity per Week:-21.25% up (Gross Equity: -99.87%)
Test started:06-21-2009
Test Stopped:07-24-2009 (Tested 4.7 weeks)
Test Log:
07.23.2009 99% of demo equity funneled down the drain in short five weeks. This test is officially closed now.
I would suggest reading about Martingale Betting System on Wikipedia before using Forex Funnel strategy. While it's a powerful system, used indiscriminately it's able to wipe out the entire account in no time.


06.21.2009
EA installed on USDJPY H1 chart and placed two orders a few seconds after it was configured. Attention. Manual recommends leverage of 200:1 or greater, we are using 100:1 for our test - the maximum provided with Alpari UK demo accounts.
Both purchase and installation are fairly simple, however you should be aware that there is no money management built in, so you manually have to increase/decrease the lot size. Also there is a certain controversy between the sales copy "... can be used at any trading times including news releases" and the manual which recommends to stop trading if there is a big news announcement.
It also seems that the part about account registration has not been updated. Trades are placed without account registration and account registration page is not functional.
Well, all these little details are irrelevant if we can get ... $100,000 per year as the sales copy promises.
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