EAproFX (Monthly ROI 20% - 60%)

This EA looks great.

 

http://eaprofx.webs.com/

 

Can anybody share it?

Well, looking at the statements it certainly looks like a Martingale Hedging EA. Did you read the FAQ? Specifically:

 

Q: How do I avoid the drawdowns which occur, throwing my profitable trades into a negative position?

 

A: Drawdowns are a normal and natural part of forex trading. There is no way to avoid them. The only real way to control them is to get out of them if the drawdowns is over then 40%. We are highly recommended timing is the solution for the drawdowns.

 

Also by using Liberty Reserve there is no chance of a refund.

 

Are you still sure that you want this headache?

Ya, it's a hedging EA. But it's able to make 30% profit monthly (i've observe the live account), with low drawdown even previous week market was trending.

That means if everything alright i'll withdraw my initial deposit after 3 months and let the profit run.

New site here:

http://eaprofx.blogspot.com/

Martingale type MM, lets see if it ever blows up. Looking a lot like hacked, masyuk, all you need is settings.

God bless all these veteran traders that wake up all the rest :)

Why resurrect this old thread? EA is no longer available.

 

The problem with hedging, martingale, pyramiding EAs is that you need a LOT of money to make a small amount of money. You need the equity to survive the drawdown, and you need to set the risk accordingly so that the drawdown is manageable.

 

How this works in the real world depends on the EA itself, your equity, and how much you are willing to risk.

 

If you can squeeze out 10%-20% a month, then that is actually really good.

You do the math and see how long it takes such an account to start hitting big figures.

Edited January 17, 2013 by Rio