What a pain in the A! Backtesting these trailing stop EA's takes forever.
I spent all day yesterday backtesting this EA. At first I was amazed and though this might be a real gold mine, but that quickly faded as I extended my testing. This EA is extremely well optimized for 2008, but if you go back before that it chokes.
MM has two operating modes, aggressive and conservative. I started with conservative since thats the default setting, and it did fairly well. A great win/loss
rate 
, but it rarely trades. Total 40 trades in 1 year, 172 trades in 5 year test, at times it went for months without trading. 1 yr had no losses, 5 yr had only 9 losses, but it didnt make much money. 1 yr made 7.5K, but 5 yr only made 9 K, with a 20% risk setting.
Aggressive mode trades a lot more, 1100 trades in 1 year. All pending stop breakout orders. By default it can open up to 100 pending orders, and it does. If the first order doesnt get triggered, it will keep opening new ones all the way down or up the current
trend , and when the
trend reverses they will slowly all get triggered, or sit there forever. Likewise, if it opens an order and the
trend reverses, it wont try to get out, it will just ride its stop untill it gets hit.
In a 1 yr test of 2008, with a 10% risk setting, it took a 10K account to 2.12 million. But in a 5 yr backtest it blew the account immediately. Even with a 2% risk setting it had trouble surviving 04 and 05, it ran the account down to $500, and held in the 500-600 $
range untill 08, when it began to rebuild, finally closing around 3 K.
An interesting robot, but not one I would care to run and trust blindly. However, when it does make mistakes they are obvious, and could be managed manualy. But they do need to be managed, this is anouther EA where the stops are much larger than the profits.
Both settings open two orders simultaneously. One with a profit target, and the second with a trailing stop. By default the profit target is 15 pips, with a 120 pip stop, and a 15 pip trailing stop. This is the conservative setting which uses about 6 indicators to get its signals, Stoch 5,3,3, RSI 2, ADX, Bulls, Bears, MACD, and a 20 MA. The aggressive setting they recomend using a 30 pip target, 80 pip stop, and 15 pip trailing stop. The aggressive setting uses different indicators, Stoch 5,3,3, RSI 2, Bears Power, ATR , 19 and 50
SMA 's, and P SAR, step 0.003, max 0.018.
Theres also a setting that limits how close a pending order can be set to the most recent high or low, 15 pips for the conservative setting, and 23 pips for the aggressive setting, and controls for what percent of the position size to alocate to each strategy, 80 targeted/20 trailing stop by default, but all are user adjustable.
Bottom line, this EA can be profitable, but it doesnt appear to be anything more than a well optimized EA. Probably right off the free shelf. Working with it reminds me of working with the DemarkLines EA, which is anouther free EA with great potential to optimize.
I'll run this for a few weeks before I return it and see what it can produce. Its a little too expensive to keep for an optimized free EA. I'll also try to get hold of Funyoo's free, vForce like EA, to compare. What I already downloaded looks like the vForce indicators and templates, but not the EA.
Be smart! Read the 
Linear Mode
