Beware of Forex Black Panther EA

[sabor]

Demotest

Hi there

I've been testing this EA since April-16 on a Demo Account with an initial deposit of $4000
I put the EA on approx. 15 pairs to test it - in the first few weeks he growed the account up to $13'000 till Mai-7th
But since May-7th till today the EA blows up the account - currently down to approx. $8'000.
Here the results per pair (from April-16 -- May-12th)
audcad: -535
audusd: -476.49
euraud: +150
eurcad: +375
eurchf: +89.60
eurgbp: +110
eurjpy: +709
eurusd: +1,727
gbpaud: -350
gbpjpy: -545
gbpusd: +2,072
nzdusd: +354
usdcad: +393
usdchf: +573
usdjpy: -104
total net profit +4,542
so since May-7th it goes down - esp. since May-11th the EA doesn't perform on all pairs.
So be careful when you use this EA!

 

[GH Lim]

I have tested the EA with 3 demo accounts (different brokers) and 1 live account starting May. The 3 demo accounts were left with fully auto trading but the live account was with manual intervention. All 4 started with good result and made quite a good sum of money. However, the EA has made big drawdowns since 17 May and wipe off all profits made for all 3 demo accounts. One account have 72% loss, one with 18% loss, one with 18% profit. The live account with manual intevention though still see drawdowns during the same period, it is still having 42% profit.

My conclusion is : this is not a fully auto EA. The money management is not working as per claimed. If you want to use this EA, you need to spend time monitoring.