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Re: EA 60% DRAW DOWN Is it still good?

micmacaudio, Mon Jun 17, 2019 8:53 pm

Jimmy wrote: Mon Jun 17, 2019 6:48 pm To be honest, 60% drawdown happens. It's actually not that bad compared to other systems out there. Let's be honest, most of us have been hit with 100% drawdown and a Margin Call e-mail, haven't we? ;)

Mic, unless it's only a few bucks or you're testing something out, never buy something that doesn't have real, live trading results (using verified sources such as MyFxbook or FX Blue).

As Mrtools said it's always good to get some results first.

Remember, if someone's selling a robot or a system and there's no live trading results, 99% of the time it's bullshit :thumbdown:
Alright jimmy thanks for the wise words man, really appreciate the input and advice! Going to deff ask for some live trading proof and results before i buy if i decide to. So do you think that the backtest really can not be trusted? Because he backtested it on a few pairs like EUR/USD, GBP/USD and USD/JPY All having about the same results of about 60% dd. USD/JPY had the lowest dd of 34%! this ea is a scalping ea that opens tons of trades for 10 pips each. in 2 weeks on USD/JPY backtest it turned the 1k to 10k lol thats a 1000% gain and on GBPUSD in 2 weeks it turned the 1k to 5k thats a 400% gain and on EUR/USD it turned 1k into 8k thats a 700% gain! lot size used is 0.1... Its a Russian scalper EA, based of the screen shots he sent me it uses no SL! he says the strategy is based on highs and lows is there anyone that can explain to me how this ea is able to survive with out a SL on m1 with a 10 pip tp opening positions based of highs and lows
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