This one seems a little safer, and doesn't dig into your equity as much as Aggressor3.13 does. It may be a little less profitable as a result, but anything a little less risky is good in my opinion.
It racks up balance, but as time goes on, the accumulated "toxic asset" float of your open trades drags your equity back a bit.
It probably works best if you have a microlot account and give it a small amount of money to play with each month (like $300 with microlot)
At the end of the month, close all trades, take your profits, and let it start again on the next month.
In the unlikely event that it blows up $300 from a fresh slate of no floating trades, then it's not a huge loss.... especially when it can turn $300 into $1500 profit per month and the odds are in your favour, I think you will come out a winner.
Not a holy grail at all, but an extra $1000 per month can't be a bad thing. ;)
If you have $3000 lying about, trading it with 0.1 lots could be a lot of fun too :D
I'm quite partial to trading this way with EAs that hedge, and can handle whatever the market throws at it. None of these EA are attempting to pick market tops and bottoms! (which is what they SHOULD be doing!)
This one has been fully educated from the time-limited demo somebody gave me (the full version cost about $500!). I even added an XE version that will work on any pair, on any timeframe. I noticed that the demo account that the author used also ran this EA on EURUSD, and also had an M1 version "bonus" with the full version.
Looking at the code, all the different versions for each pair were identical, with identical settings. (!!)
The only thing that stopped the EA working on other pairs or other time frames were a few lines to ensure you put it on the recommended pairs and timeframes only! In XE, all the brakes are off!
Recommended to work on GBPUSD and EURGBP on either M5 or H4 timeframe.
If you use the EA on the same pair on more than one timeframe, make sure you give the EAs different magic numbers.
