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2010-07-20, 12:21 AM

This review is for Probability EA 7.1.1, the latest version of a very successful EA. My name is Michael W. Scofield and I am the creator of this EA. I started a demo forward test of my EA (although I use it live on my own private account) in late April 2010, and I will post the link below.

The philosophy behind this EA is that trading with the trend produces the highest probability of profits, but the trend can turn at any second. Rather than place a large order from the beginning, place consecutive smaller orders as the trend develops in your favor. If the market turns, you momentarily lose only a small amount rather than a large amount, had you placed a single large order from the beginning. But as the trend develops, so do your profits.

1. Determine the trend and always trade in that direction.
2. Rather than take one large position, take a small position and then add more small positions incrementally every 5-50 pips (depending upon settings).
3. If the trend changes, start to close trades.
4. Close all trades at a preset target level and start over.

I originally created this EA as an EA that I would use on my own account, which I do, so believe me, I want an EA that works just as much as you do. I have updated the EA several times as I have gotten feedback and suggestions from my clients. I completely stand behind my product and have nothing to hide, so I welcome all forward tests.

Below is the statement for Probability EA 7.1.1 started on April 29, 2010 on an M30 EURUSD chart:

http://www.myfxbook.com/members/mwsc...ty-ea-71/31065

For more information and test results, you can visit:
http://michaelwscofield.blogspot.com/

2010-07-20, 12:21 AM	#1 (permalink)
mwscofield Guest Posts: n/a Trading Demo with: Probability EA 7.1.1	Probability EA 7.1.1 This review is for Probability EA 7.1.1, the latest version of a very successful EA. My name is Michael W. Scofield and I am the creator of this EA. I started a demo forward test of my EA (although I use it live on my own private account) in late April 2010, and I will post the link below. The philosophy behind this EA is that trading with the trend produces the highest probability of profits, but the trend can turn at any second. Rather than place a large order from the beginning, place consecutive smaller orders as the trend develops in your favor. If the market turns, you momentarily lose only a small amount rather than a large amount, had you placed a single large order from the beginning. But as the trend develops, so do your profits. 1. Determine the trend and always trade in that direction. 2. Rather than take one large position, take a small position and then add more small positions incrementally every 5-50 pips (depending upon settings). 3. If the trend changes, start to close trades. 4. Close all trades at a preset target level and start over. I originally created this EA as an EA that I would use on my own account, which I do, so believe me, I want an EA that works just as much as you do. I have updated the EA several times as I have gotten feedback and suggestions from my clients. I completely stand behind my product and have nothing to hide, so I welcome all forward tests. Below is the statement for Probability EA 7.1.1 started on April 29, 2010 on an M30 EURUSD chart: http://www.myfxbook.com/members/mwsc...ty-ea-71/31065 For more information and test results, you can visit: http://michaelwscofield.blogspot.com/ Last edited by mwscofield; 2010-07-20 at 01:21 AM.