There is a very large "trade adjustment" on October 19th, 2010. This is something the broker did. The PitBull Team checked with the broker to find out why this money was removed from the account. The broker, EGlobal/Forex4You initially claimed that the adjustment was die to trades opened during a data error on October 19th. The amount of the adjustment was far greated than the profits from all the trades taken on that date. After this was pointed out, the entire amount was returned to the account on December 6th.
06.20.12 Test stopped. The account is empty.
08.03.10 Real test restarted with new 3.0 version of FX-Pitbull (Aggressive Mode)...
Please contact Fx Pitbull support if you have any questions about the settings used in this test.
See previous tests in drop-down menu below...
06.21.10 Real test stopped by owner request. The following comment was submitted: There were lock algorithm in 2.0 version of FX-PITBULL. In 3.0 version we have removed this algorithm. An error was made at the closing the order (EURNZD) opened by the 2.0 version. You can see that this is NOT algorithm problem at all. Because of this error we obliged to close this real account and open new one (in the near future).
As we understand the algorithm difference between versions 2 and 3 are significant. Developers made an upgrade without closing the orders opened by the previous version. Version 3.0 algorithm didn't consider theses old trades which led to the draw-down.
05.21.10 Real test restarted with new 2.0 version of FX-Pitbull...
V2 updates include:
- Additional indicator for the input accuracy
- Two independent series for trade in both direction regardless the situation on the chart
- Lock-turn on the abrupt trand changes
- Trend trading and Martingale algorithm adjustments
It's great to know that Forex Pitbull site did not disappear after initial failure, and the team is working to improve EA for its customers.
Previous 9.3 weeks Real test results (-40.06% weekly, Gross Equity: -99.14%) you can see in drop-down menu below...
04.07.10 Fx Pitbull real test stopped due to bad performance...
We appreciate FxPitbull.com team for sharing their LIVE forward test with Forex Peace Army traders!
Also see Demo test of Fx Pitbull trading with 22 currency pairs here. The live account is trading with 2 pairs.
FxPitbull trading system is based on the Ellliot wave theory. It uses dynamically calculated levels of Stop Loss and Take Profit, there are no parameters to optimize. EA positioned as a universal robot that can be used on all currency pairs. As per software developers it can withstand sharp price fluctuation and recoilless long-term trends.
Sounds too goog to be true? :) Let's simply test it!