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Posted

Re: A Profitable EA----GBP/JPY

 

This is the website:

 

http://www.fx-ea.cn/

 

I could see this website, and I gotta say it is Chinese. I don't know if it is really profitable, but kind of not really.

 

The reason why on the backtest you can see that it converted 300K to almost 640K with high DD.

 

Please look at the website again and use google translation to clarify what I said.

 

Best wishes,

a New Year 2011 has come, and the challenge has just started 8-)
Posted

Re: A Profitable EA----GBP/JPY

 

The website says the minimum capital requirement for that EA is US100,000. And judging the backtest result, it seems it uses very aggressive recovery lots to recruit the bad trade losses.

Posted

Re: A Profitable EA----GBP/JPY

 

their website isnt clear.. they did not define they are offering managing service,signal provider or selling EA..

 

first of all they request clients to have minimum 100,000usd investment

secondly, they say "management fee:Free" , "application fee:free", but state "Safekeeping bank:HSBC".. and in overall webpage it says its automated trading without much explanation on their service at all..also in the "declaration form" it defines that investor using this automated trading is free but risk is fully responsible by investor himself..

 

all in all.. they are complicated :D

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