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I wonder if Auto knows that a scammer who went under name of Forextrades used the XMOM EA to post results to sell a junk EA.
I do think Auto is legit.
The initiall stop loss at 120 pips seem pretty wide considering that the EA goes for smaller profits. Despite that, it seems to me that it should be very profitable in the long term if the broker connection is solid most of the time. Even though the risk to reward ratio is not attractive, the high winning percentage should hold in the long term if the EA trades during the fast moving times as Auto mentioned. The GBP/USD is ideal for this type of strategy. Testing on live account for two more months will confirm if this is the case.
Last edited by mangman; 09-29-2006 at 11:06 PM.
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