Found this EA in another forum and the writer mentioned that it makes around 100% in 6 months.
Has anyone tried this EA. But I get error in Live account.
Initial deposit: 10,000$
TimeFrame: H1(works with any TF)
Pair: EURUSD
Balance after test: 19,030$
Profit: 9030$
That equity curve is suspiciously smooth. Nightingale systems make up for losses by increasing the bet size. Id imagine the graph should have a few large sudden movements up as the lot size increases. This only happened once in your second picture just before January.
Might be due to the hourly chart as entry causing it to look smooth over large period of time. Just demo test it for a couple of months. Only way to really know.
The issue with Martingale is that there will come a time when the open trade loss hits your margin. It could be hours, days, weeks or months, but it WILL happen. Therefore I would suggest having a maximum stop loss limit built into the EA. Otherwise you’ll blow your account…
Whoops I meant martingale too. Agree with the maximum loss limit otherwise you will eventually blow up.
