I’m of the idea that in order to use an EA succesfully, you must have some knowledge of the market, and the fact that Jhonny has experience on it makes things different for us lurkers.
The fact that an aircraft has an autopilot mode, doesn’t excempt it of being monitored by an experienced human pilot, who decides wether it’s a good idea to use it or not. The same happens with EAs in my opinion.
To be honest I have never use one in my trading life, and I’m not considering using one anytime soon. But I must confess that August was a difficult month for me, and by difficult I mean there was a lot of observation, and not clear signals. Not that I need to rush things or overtrade, I understand the nature of trading during summertime, but compared with other months my results where not amazing.
That being said, 8% was my august performance, while I think it was the same for this EA, but without all the effort involved. To me that’s quite impressive, considering august is a losing month for way too many folks out there.
To conclude I think at the end of this thread we’ll have an objective and knowledgable opinion on this robot performance.
FYI Photon is producing almost 11% monthly at this point.
I have to admit I am not trading it though. I have been trading forex morning trade and it has been incredible so far!! It trades early morning (right before London open) and after a month or so trading live, I think I am going to trade real money with it. It’s that good. 1:1 r:r breakeven at 24 pips with a 40 pip target. Seriously this ea is based on a sound strategy and is working great.