Alejandro what broker are you using if you don't mind me asking?
Also, I'm not sure this has been addressed in this thread but I'm running on a fx open demo and getting wildly different results that the fpa test and your account.
What may be the cause? The demo broker or some other reason?
Thanks....
Hi Thomas. I'm running my account on Thinkforex.com as recommended by Eugene (FGB creator). And yes, maybe it has something to do with the fact that you are running demo, because sometimes demo account places an entry to inmediate price, wich in a real account might no work as fast.
But there are several factors: connecton speed, distance to your broker, this EA is really broker sensitive, that's why I chose the same broker as the creator, so I could keep track of my account thru his, checking we get the same, o aproximately same trades.
So far, great results for me: closing my first month live with 40% return, wich is good enough for me, even if I know it can reach higher profits, but increasing substantially the risk.
as i thought .. all three closed out negative ... this EA has had a bad run this last couple of weeks ... needs more testing.
The fact that an EA takes trades that end up loosing doesn't mean that needs more testing... at leat not necessarily. What you have to check is that in the long run, there are more winners than loosers, or as in this case, that if winners and loosers (trades) are similar, then winning trades should be larger than loosing ones.
If the fact that an EA is taking some losses means to you that it's not ready, then keep on dreaming, as your are looking for the Holy Grail wich doesn't exist: there's no EA that wins every time. I know there are some EA's in the market with backtests indicating over 90% win ratio, but let me see a real live account statement showing that, and I'll probably buy it.
FGB has real account statement showing results, good results, and that's why I bought it.
I have nothing to do with the people from FGB, but really get my nerve when people start putting doubt to what seems a truthful work, with pros and cons, but overall real good work.
Now: lets point the real down side: FGB has a major issue with the restarting of the platform with open trades, since it won't manage them once restarted, having to close manually. FGB doesn't have default SL so in case of connection or VPS shutdown, your account would be to the markets waves, could it make you win like hell, or loose everything, because your open trades wont close untill you log back in and manually do so. And right now, I'm testing a trailing stop EA to complement FGB because another issue is that sometimes it lets large winners, turn into loosers.
Nonetheless, still a good EA, making me some nice pips, probably adding some more funds this week, once I get confortable with the trailing EA to put a lock on my account in case problems come.