In the past I have left a review about version 1. I stopped using it after the max drawdown crash twice in one year last year. Now I picked back up with version 2. Well..... The only thing that changed is the Martingale way of handling losing trades. Now it leaves trades open untill it sees an opportunity to put in a new trade, further down the road, so in the same direction as the loosing one. So no Martingale anymore.... on paper..... The results are on my screen now. example: NZDUSD. A block of sell orders on the 25th, the 26th and the 27th of Nov. Another one on the 1st of Dec. And then three on the 3rd of Dec. None of them in the money. All in red. All loosing trades. Still running...... The first ones from Nov, are 157,7 pips in the red and counting. Ridiculous! You cut on 40 or max 50 and take the loss. Of course not this software.....The max drawdown warning they sell you when they sell you the software is basically just a way to hide losing trades, that you dont want to close, so as to keep the win-loose ratio to look like perfection, in the hope that somewhere in the future it clears up. I dont know about you, but i dont have a bot, or as they sell it an AI, running on the one minute timeframe, to have trades continue for weeks, which is even longer than intraday trading. This means that the software is designed to act in contradiction to the first rule in trading; Cut your losers! On paper I currently have a 74% win ratio using this software but in fact there is an additional 2 % equity loss hiding in 30% losing trades that are almost two weeks old. And still running! (PS: I am only up a little over 5% after 3 months of using V2). When I look at the monthly chart, I dont see a trend that would make these trades become winners again. Maybe change the name to "Fx WishingForWonders". I have loaded a seperate EA on the Metatrader that is a simple drawdown protector. I set it to cut everything off and block trading at 5% drawdown. I am really hoping it doesnt have to do its job! As I wrote: there is 2% equity loss hiding in running losing trades that would negate/destroy half the winnings the software made me in 3 months time. Cutting them manually means the software made me a little over 2% in 3 months..... I can do a better job than that myself trading market structure on the 1 and 5 minute timeframes.
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