A little background - The XMOM EA has been in use in live and trial for sometime.
It is pretty consistent in picking small pips from GBP spikes.

This is a recent sample ..



Some recent trades ..



I'll　post more trades and backtest data soon.

Meanwhile you can browse the raging debate at ..

http://www.strategybuilderfx.com/sho...d.php?p=171470

Demo trial is available for genuinely interested traders. I might be selective!

thank you,
auto

Does this system also work on other majors? How do I go about getting this EA to test, I only do forward testing since I never believe in backward testing as being indicative of what will happen in the current price action. From what I have seen for the posted results on the URL, its indeed very impressive.....

XMOM is a volatility finder - so GBP is my all time favorite. Other majors work good on fast markets. The live results are great ( just like backtest), so trials are now limited. Still you can write to n_o_loss@yahoo.com.

This week's trades look no brainer in hindsight. All GBP shorts: 190 pips in total.



regards,
auto

If you send this guy a email or pm then you will simply get the standard message below:

Hi,

We are selecting a few traders to use our EAs. Are you
from US? What is your reason for trying this EA?

We license the profitable EAs to serious traders. XMOM
has a value of $300/monthly for Personal version. Do
you use paypal.com?

Many traders are using it already in live accounts
with very good results. 250 pips this week alone.

We also have 10% discount for new www.InterbankFx.com
customers using our referral. The main advantage is
that they have no dealing desk - good for EA
execution. And they support mini/micro lots.

You can also check http://nolosstrades.tripod.com and
www.fxthinker.com

regards.

Aslo,

people please do not get overly-excited about this EA and the results produced this month.

For example, does anybody remember the modifications that Wawin made to the Makegrid EA which he then went on to sell on the back of a brief testing period?

Ask yourself, what happened to that promising EA....???????

Please Note:

Under no circumstances will you be Able to use this on a LIVE Trading Account (The 2 week trial), I asked him in a email would be great on a Mini or Micro account, it just won't happen $300/Month lease.

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.

Folks,

If you are looking for free lunch - don't bother.

People are trading it live with 250 pips this week - if you beat it , again don't bother.

It has made 652 pips in last 2 weeks trading GBP - next 2 weeks there is no way to tell how much it'll make. But based on backtest and forward test, I'm pretty sure we will make our pips.

regards

Weekly result details from Metaquote demo ..



regards,
auto

Hey guys, I'm a newbie. Recently I just faund an unbelievable EA. Check this site : http://www.strategybuilderfx.com/showthread.php?t=17526. You won't believe what you're seen. Maybe somebody in this forum already tested?