It went well for me for a few weeks (EURUSD & GBPUSD), then bottomed out the last week of December. Since then, it hasn't opened or closed any more trades in the last week...
What settings you used ?
The rule is that as much profit is big, in return you will get more DD.I doing back test on demo account balance 1000 euro for EURUSD H1 and GBPUSD H1 with starting lot 0.05 each pair . it is working well so far .i will wait until first of february and i think i go for real account using this EA .i just want small explanation mr Osama you said ((So, easily can made 40% a month. You can even make more than 100% but you need to withdraw profit frequently)) so why we have to withdraw profit frequently ?? we can't let the our balance account grow up ?? thanks anyway for the really good EA
I use it on the 1hr TF, with default settings, on a 5000usd demo account. I don't like to go to daily/weekly, as EAs then trade too slowly for me to judge how effective it is.
And I noticed beforehand that the EA tends to open trades in drawdown, sometimes going pretty deep, but then mostly come back to profit. Which is why I didn't close the trades last week when they were going heavy into DD, I waited to see if they would go back in the right direction (no one ever gave me the memo EAs don't work in december :-/ )
anyway, the EA has started opening trades again the last two days, and winning most, so it's looking good again. and thanks for giving this on the forum.
yes ,The account is standard. so which starting lot would be safe for trading both pairs with 1000 euro in H1 time frame??