I also purchased the EA. The manual calls to use 30M charts. I am testing 4 pairs since June 28 and had a total of 18 trades. 1-EUR/USD, 7-USD/JPY, 1-GBP/USD and 9-USD/CHF. All of them winners. I am using a fixed 1.0 lot.
All setting are default except changing the ID number for each currency.
The total profit for all 18 trades is $1770. I have seen DD as high as $700.
I find very little information about how the EA works, and is a bit scary Not knowing how deep will take any trade into DD. I will test in real account this week with a 0.01 lot. The EA use a trailing stop of 5 pips (default) and that could make a lot of difference in real accounts.
Overall, not bad and with potential. specially for a badly marketed EA.
I am now going to use the 4 pairs you are using and will leave the settings as they are when I apply it to the charts - except of course to change the ID number. Does it matter what this number is?
Oh, are the default settings those that exist when you download the indicator, or are they modified?
The DD is very scary though. I don't know of too many people who would find that comforting - unless of course you have more than a healthy and consistent majority of winning trades.
I will post here again to see how it all unfolds. Once again, thanks for your input. I was starting to worry that I was the only one who had bought this indicator... the silence was unsettling!
Hi, Risk 5 could relate to percentage risked. I am not sure about this either. I am trying to work out what to do when the signal makes noise, like it did yesterday. I couldn't find anything on my charts to say this robot kicked in. Will listen for more noise in the future, that is unless someone can tell me where to see the results of the trade... I am still awaiting a response to my email inquiries. I know these guys may be busy, but they could send a general email saying so and one that answers my questions. The longer the delay the more I am inclined to believe I have been stung..... Not a good feeling!
MM = money management
I was wondering if anyone has had an email response to any query from Forex Illusion. I believe Nigerian scammers could learn a trick or two from forex internet scammers.
Shame on these people fore selling a product without any backup or enforceable guarantee.
Not a single trade registered here at FPA yet.