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A little contribution to this thread
I ran a lot of tests with this EA. I made some observations:
1. All versions accumulate profits regularly, provided the market does not stay too quiet or make a strong move with low volatility.
2. Some versions accumulate more than others.
3. Expected return may range up to 30% monthly (in live accounts I am using the combined version).
4. Backtests and live results show that there is a real risk of giving back the accumulated profits. You can set the risk extremely low but in this case the expected return may turn extremely low too.
In general, I came to the conclusion that any system (I tried some others) that enters the market blindly (without analysis - randomly or systematically) in essence just pays spread in the long run.
In a small live account I am still running it. I expect to turn it off when the market looks dangerous (too quiet for a long time). This is the contribution of analysis (positive or negative??). High volatility has demonstrated repeatedly to be very profitable.
Hope this helps. This system has been earning real $$ and this is the way I found to contribute to the thread.
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