Quote:
Originally Posted by oilfxpro
Hi
I really liked the system at first presentation by Dumbsys.I nearly bought it
.Look closely at the risk reward of 1 to 4 ,reward 1 /risk 4. If the market was to become very volatile ie up 35 pips and down 35 pips ,then this system will faily horribly and lose a lot of money.
60 losing trades out of 400 .If you count the risk reward ratio of 1 to 4 and multiply 60 * 4 =240 the real losing trade %..Net effect is 40 % win rate compare to 60 % loss rate.It is still good.This is a commercial EA presented to sell .It is still better ALL THE COMMERCIAL EAS SOLD ON THIS FORUM or ON THE INTERNET
700 pips a year is the performance which is good , sadly it is not my style
OILFXPRO
|
Oilfx, where did you get this statement from?
I gotta say, I think those trades look pretty good. This is basically a scalper, so a 35 pip SL is reasonable imo, if only to account for the volatility you speak of - afterall, that same volatility is great if price moves in your favour. Also, the frequency of trading is very low and evenly distributed (for a scalper) so your fear of getting wiped out by volatility seems unfounded - volatility has been huge recently, and this has done very well!