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We haven't tried the EA from Primeval-EA.com. If you've let this software trade forex for you, please leave a review here.
Tim Williams, France
Rating:
No Rating
Date of Post:
2010-03-08
Review:
Like Greg Annett (below) I have been testing Primeval.
I agree that Sergio Carusu has been responsive and helpful.
I have a number of demo accounts on test. It is very important to get the GMTOffset setting right (there is an auto function for this, but for backtesting you need to set it manually) or it does not perform right.
I have backtested and NOT set up the grid or hedging strategies as I do not believe they are as good as the scalping strategies on the 8 recommended pairs.
It is early days but my main demo account, at default settings, which includes a setting of 10% risk on each of te 8 pairs, has produced a net 7.5% gain in 8 days of trading.
I would be interested to hear from Greg what his settings are....
Definitely worth considering. So far I am very happy with it.
Greg Annett, Gold Coast, Australia
Rating:
Date of Post:
2010-02-17
Review:
I have been testing Primeval EA on a demo account for a few weeks, and also launched it on my live account a few days ago.
It is a scalping robot which uses stop losses to cut short losing trades. I have to admit that I have tried other EA's such as Robominer and No Loss Robot which don't use stop losses and while they are great in theory and work OK on large accounts over a long period, I have found that they seem to steadily erode account equity in the short-medium term to the point that I had to switch off these EA's or they would have wiped out my $1000 account.
So I am much happier with the Primeval EA's approach - it scalps aggressively on an M15 timeframe but also keeps drawdown in check by using the stop losses. There is a EURCHF grid trading strategy which I installed on one chart but I turned off that chart after a week or so as I am attempting to build equity quickly from a small account at this point. Maybe later I will try the grid trading strategy again.
By the way, I am very happy with the support provided by Sergio Caruso who is the admin for Primeval EA. He helped me sort out a few bugs when I was installing the EA, and has always replied to emails within a day.
The live account trading seems to have pretty much mirrored the results I got from the demo account so far, it has triggered a couple of losses but overall account equity is ahead. On the demo account it is averaging 10% a week increase in equity so far. You can see my stats at http://www.forexautotradingsystems.net/primevalea-weeklystats
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