Highly recommended
I think what is important here is that it helps to have an understanding of not only how the forex market works, but also how EA's function. I am fortunate that I know just enough to get myself into trouble
This is a good EA out-of-the-box, but with a few minor tweaks, it can be a great EA. Try this to help on the drawdown (settings are in the EA):
1.
Close Trades on Friday
2.
Raise Risk according to your goals
3.
Don't trade on Sunday (wait a few hours into the Asian session before starting the EA
These are basic tips that will help any EA perform better. Drawdown is manageable, as is swap.
By far this is the best performing EA that I have every owned. It's averaging 100 pips a day, consistently! Definitely worth the $199 that Don is selling it for (plus some).
I understand that this EA was not as profitable earlier in it's career. I've seen the performance data, Don has posted this on his site. A lot of other retailers have not been as up-front and open as he is!
If you spend $200 on an EA and expect the world, don't be surprised if you are disappointed; I have MANY times before. There is risk involved in any trade. I am fortunate to have found one that actually works, and that is this one!
Good luck.
P.S. If you want me to post my performance data I can. I have created detailed reports on this one, primarily for forecasting.
