|
Hi New Digital,
I don't think IGOr really understand with this system and make too quick decision as he did not forward and attach his forward testing based on this EA and see how PointBreak EA works on real market.
And this is not a GRID trading system!!
I have been using PointBreak for several weeks now on my Live account.
I started to test PointBreak EA several week ago as a personal request from the creator.
I am always skeptical with new expert advisors (anyone who has been into them for a while would!) but PointBreak EA has been like a glimpse of light at the end of the tunnel.
Many expert advisor makers are always talking a lot about their expert's amazing profits, low draw downs, etc. They in fact talk the talk, but 99% of them do not walk the walk. As I have told you many times, they are based on unreal assumptions.
Pointbreak EA has surprised me, challenging some of my core beliefs. Pointbreak does not use a fixed stoploss, it is thus subject to massive drawdown. This, unlike other experts, is hedged with the fact that this expert uses amazing money management, being very conservative while it trades. This also shines against the fact that it is one of the most aggressive experts I have ever seen, it stays on the market all the time.
I have watched it's trading method along for sevral week and I have found it to be rather splendid.
It does a pyramid like scheme where it opens positions in several directions, following the trend. This does not mean that Pointbreak EA would "die" in a ranging market. Pointbreak will then use an alternative method to reduce draw down. Since the EUR/USD trends most of the time, balance is greatly shifted towards the trader.
Pointbreak EA could, in fact, turn into my personal favourite, definitely a keeper.
It's really new concept in FOREX trading and I'm sure everyone can receive many benefit from this trading system.
Last edited by Thunderbolts; 12-30-2007 at 03:24 PM.
|