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Originally Posted by Merrygoround  To be honest I was a bit surprised that you picked this EA for a review. It has been around for more than a year now, but performance has decreased steadily. The last 6 months it is caught in a vertical channel, that it cannot seem to break out of. It must have been one of those Ea's that exploits a specific pattern of EurUSD, which is no longer valid. I have tried to run it on other currencies with backtest, but they all came out negative. Really a pity, because I like breakout EA's. |
I have been thinking of this EA for quite some time. Being a trend-following EA, it has times of closed trade DD.
It is not true to say that the
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last 6 months it is caught in a vertical channel, that it cannot seem to break out of
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at least not in the official ThinkForex real account (
here). The absolute high was $3,800 on Nov 10 which was not anywhere near 6 months ago. This is followed by a secondary high on Nov 25. Since that high on Nov 25, it has slumped back to a low on Dec 9 and has moved higher to about the same equity as on Nov 29. This pattern shows a standard trend-following closed trade DD, nothing more.
Rick