Quote:
Originally Posted by vnathwani
Drawdown for me is over 100%. I put in more funds than my starting pot of $20000 on this EA hence over 100%.
I closed all positions today and took a $25000 loss
Facts are very simple. Forget any biases you may have:
> Any EA that suffers this magnitude of Drawdown should be given away free....as per what someone else said
> I should have demo'd it for 6months first....let that be a lesson
> PID....I think this stands for Permanently In Drawdown
The writer really needs to stop selling this, get it right, forward test it for at least 6months so that differing market conditions can be absorbed and then offer it for sale.
I cannot believe this was done before the EA was marketed
This is my opinion and others are welcome to differ. My stern advice...stay away from this EA
|
As I mentioned many weeks go in this thread, at the very minimum backtest report should be provided for each pair with the settings traded....
Rather than selling it, the owner should share his code. he will get many ideas for improving this expert and make it safer.