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EA: Forex Derivative 2.0


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I am running this live on a demo (forward test). Only on EURUSD though. So far the robot is not very successful, but EURUSD was making some of the craziest moves. I believe it has a reasonable logic build behind it, but it's support/resistance lines are very preliminary. The Waddah-Attar support/resistance indicator works better. The trade direction indicator in ForexDerivativePro still looks like a joke though, it is not as logical as other parts of the robot. Direction is determined by "price action" -- excuse me, how? No answer yet! Lastly, the profit protection on this robot is very poor -- it was making such a good profit when EURUSD dropped last week, and it gave all of it back to the exact penny and closed the trade at 0 (zilch!) profit! Today it is losing money.

 

This robot has some correct ingredients, but it is not built as well as it was claimed.

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