Never, ever put an EA on a live account unless you have tested it first on a demo account. Nothing personal!
During the presentation, they said they would make a refund if you gave them a trading statement (live or demo) with FOUR WEEKS of trading, plus they would give you $100. Unless you don't understand English or didn't listen to the whole presentation, I can't understand how anyone would miss that. That being said, I also read their disclamer in fine print at the bottom of on one of their website pages that said the $100 would be subject to availability, which I took to mean until they had collected enough trading statements from unhappy customers, as in, "thanks for beta-testing this on your demo account for us" or "we never intend to give $100 to anyone, that was just a marketing ploy." I also know that Clickbank will usually help the buyer get a refund within 60 days of purchase and doesn't require trading statements.
I ran the Advanced EA October 1 to October 29 on Alpari UK demo with 0.10 lot, 100:1 leverage and only removing the EA during non-farm payroll release. I started with $5000 and gained $400. I ran it using 23 non-exotic pairs (AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPCHF, GBPJPY, GBPUSD, NSDJPY, NSDUSD, USDCAD, USDCHF, USDJPY). I also ran it on Alpari US demo, which gave me a slightly different data feed from Alpari UK, but close enough. Trades opened and closed at the same time and in the same direction. Every so often, one demo took a trade on one pair while the other demo did not. I can't tell you how the Alpari US demo did during the same time period because after a few weeks, I started changing some of the settings. I let the Alpari UK demo run with default settings. At some point, I may put this EA on a live account, but not until I have more time to tweak it.
As far as I'm concerned, it appears some of the coding in the EA doesn't work. I wanted to use 1% risk, so set it risk at 1.0 and MM to true. It opened 0.10 lots regardless. For a $5000 account, I wanted the maximum loss to be $50. So on the second demo account, I input different lot sizes for each pair in order to arrive at 1% risk. Here are the lot sizes I used:
AUDCAD 0.15 lot
AUDCHF 0.07
AUDJPY 0.06
AUDNZD 0.20
AUDUSD 0.14
CADCHF 0.07
CADJPY 0.06
CHFJPY 0.06
EURAUD 0.07
EURCAD 0.07
EURCHF 0.07
EURJPY 0.06
EURNZD 0.10
EURUSD 0.07
GBPCHF 0.07
GBPJPY 0.06
GBPUSD 0.07
NZDJPY 0.06
NZDUSD 0.14
USDCAD 0.15
USDCHF 0.14
USDJPY 0.06
Keep in mind, the account that gave me 8% return used 0.10 lots for every trade, so I'm not saying that varying the lot sizes will make you a profit or has any advantage, other than controlling risk.
Now that I've got the risk controlled, I'm looking at other settings. I notice that trades that open at the start of of the trading week do not do well, but once the London market opens on Monday, then trades have a better chance of winning. Trades carried over the weekend seem to do ok, but don't take my word for it. I would urge anyone who wants to keep trades open over the weekend to test that on a DEMO account for at least four weeks, if not more.
None of my support emails were ever returned, so good luck getting any help.
The canned presentation is a real piece of work, especially the pretend Q & A at the end. Most of the bonuses are a joke. They are either commonly available or don't work. One bonus had an alert that kept alerting every five seconds and it kept alerting no matter what settings I tried. Oh yeah, removing it worked.
I don't have a recommendation as to whether anyone should buy this or not. I don't know if an 8% profit on a demo account will give you an 8% profit on a live account. Could be better, could be worse.
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