This review is about the EA Forex Photon. I have no affiliation
with anyone in conjunction with this review. I purchased Forex Photon directly from
their website. I have set up a dedicated Alpari UK demo account (500:1 leverage) on my VPS and I am publishing the account data on MyFXBook.
Link:
http://www.myfxbook.com/members/rsmereka/forex-photon/39585
I started running version 1.17 of Forex Photon but have since upgraded to version 1.17a using all the default settings. The only thing I have changed is the account number, the serial number and the magic. Normal defaults are: Aggressive=True, Risk=10. There are a pile of other parameters, but I have ignored them. There is an indication on the
message forum (you need to be registered to read anything) that my settings in the running EA can and will be modified by the Forex Photon staff. This is how the new (in version 1.17) news avoidance feature works (the EA is prevented from trading when there is a major news event or a bank holiday).
Forex Photon is a scalper that trades 7 pairs: EURUSD, USDCAD, USDCHF, GBPUSD, EURJPY, EURGBP, and EURCHF on M5 charts. The last two pairs are new to version 1.17.
I know nothing about the strategy that Forex Photon uses to enter and exit trades although I think the EA uses a fixed TP.
Rick