subject: Probability Ea Review By Fx Trading Reviews [print this page] LMT Forex Formula Review FX Trading Reviews
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You can leave your own reviews as well as see what others have said about forex robots at http://rankings.fxtradingreviews.com/. Be sure to visit FX Trading Reviews to receive your free Ultimate Forex Robot Cheatsheet that lets you know which forex robot is best for you.
The man behind this foreign exchange robot is Michael Schofield. He claims the latest version of ProbabilityEA, version 7.1.2, is capable of doing examining market trends and frequently predicting the direction from the market by utilizing what's known as a pyramid technique, which allows the robot to consistently take advantage of lucrative trades.
The seller supplies numerous test results as support of his claims. A merchant account which went from Jan. 2009 to November 2010 created Return on investment of 1356% and something that has been exchanged since November 2010 has created 8% Return on investment in November 2010, 4% in December 2010 and 4% The month of january 2011 (compounded). Also, he shows a graph that has been up-to-date around the 15th of April 2011, showing a monthly gain of 13.29%, having a max. drawdown of 10.77%.
A relevant video can also be attached, which shows how a mature version, ProbabilityEA 7., switched $10,000 into $37,647 in only 3 several weeks - 276.47% Return on investment in three several weeks.
However, there isnt any proof whatsoever these are live accounts buying and selling in tangible money, so it's possible to assume with certainty that certain is really a forward make sure the relaxation all backtests in practise accounts.
The philosophy behind this EA is the fact that although its a properly-known that buying and selling using the trend creates the greatest possibility of profits, it's also a well known fact the trend can change at any second. To counter this issue the trader will need to place consecutive more compact orders because the trend evolves to your benefit, instead of putting a large order at the start. The benefit of this method is great risk management and good protection of capital: When the market turns against you, your deficits are limited to a comparatively bit - which may not be had you placed just one large order whenever you opened up the trade. So, because the trend evolves to your benefit, more orders are put as well as your profit continues growing.
I examined Probability EA for a lot of several weeks even though it carried out fairly ok for some time it eventually gave back all of the profit it made and led to red-colored figures. Within the last test Used to do it designed a lack of -20% in a single month. See my testing stats and account statement around the Foreign exchange Robot Testing page. Based by myself test results I wouldnt recommend the product and would certainly claim that you concentrate on among the robots on my small 5 Best list or sign up for my weekly robot testing e-newsletter.
This forex robot review is brought to you by FX Trading Reviews, your source for the best forex robot reviews online. To view the top-rated forex robots, see how they perform in live tests, and see how they rank compared to the competition, be sure to visit: http://fxtradingreviews.com.
You can leave your own reviews as well as see what others have said about forex robots at http://rankings.fxtradingreviews.com/. Be sure to visit FX Trading Reviews to receive your free Ultimate Forex Robot Cheatsheet that lets you know which forex robot is best for you.
by: John Jay
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