Elite Automated Algorithm EA Real Account Stopped test

+1.20% WEEKLY · 8.6 weeks
Average Pips per Week:
+33 (Gross Pips: +287)
Average P/L per Week:
+1.20% (Gross P/L: +10.76%)
Maximum Equity used:
37.24% (Apr 30, 2021, 3:12:00 PM)
Test started:
Apr 18, 2021
Test Stopped:
Jul 17, 2021 (Tested 8.6 weeks)
Voluntarily Quit
Description from product owner: Welcome to Fueledbyforextrading! Automated Algorithm Software: This EA works by calculating and trading around historical high and low price points to find profit opportunities. Utilizing the trend on both a daily and hourly chart it will trade around these data points with martingale methods, with the idea that price always reverts back to the mean. Drawdown is to be expected, but I've put a clever spin on typical martingale methods to ensure it doesn't double down forever and that all trades close for either a net positive or small loss. I recommend a balance of at least $5,000 with $10,000 being the safest start.