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Pip Brains
på
Trading System
Jun 13, 2010 at 17:52
@Yek Tieu Cheng: It says so on the ForexFBI website, but that is not up to date information. Right now it's designed to trade specifically on EUR/USD and USD/CHF.You don't need a lot of currency pairs though to make a robot "good". What counts is the % of your investment you get back from it each month. So far the data looks good. I'll update when I try it on a live account.Right now I'm testing it on a demo account with 4 different brokers.
Pip Brains
på
Trading System
Jun 10, 2010 at 04:56
I do like however that this EA combines three different strategies depending on the market conditions, unlike most EA's which only rely on one, and are dependent on specific market conditions to be effective. This is definitely a good sensible approach that many EA's lack, so should be interesting to see how it performs long term.
Pip Brains
på
Trading System
Jun 10, 2010 at 04:52
Yeah man I know, I saw that as well... but honestly, the real question is how this EA will perform LONG TERM. If you notice on the forexfbi website, it's only been running for just under a month. Also the question is whether the results differ from demo to a live account, and by how much.You see if you do a simply calculation, an EA that can even bring in +100% each month (as in LESS than this EA has shown to do so far), doing that consistantly over 12 months will turn 1000$ into 4$ Million (doubling the account balance each month)... so an EA like that literally is a GOLDMINE. But the LON...
Pip Brains
på
Trading System
Jun 10, 2010 at 02:19
Wow! Looks really impressive... can it perform the same way on LIVE accounts as well? And how consistent is it? If it can even generate 100% per month consistantly then this EA is a goldmine... but I'm sure we've all been burned by crappy EA's so it's hard to be optimistic. Still, looks very promising.
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