The fact that a losing account is being published makes a nice change to the usual hype on EA-selling websites.
While a drawdown of 28.57% is quite substantial, it's far from crippling.
As to why the account's report stops on 14Nov 2011, I don't know; how about asking the vendor?
Actually what I said was that during the EA's trading times, my broker's spread was higher by between 01. and 0.4 pips than it is at peak liquidity times.
Spreads with my broker: EURUSD between 0.1 and 0.8 pips, average 0.4 (between 0.3 and 1.0 during the EA's trading time; EURGBP between 0.3 and 1.0 pips, average 0.7 (same values during the EA's trading time); USDJPY between 0.3 and 0.8 pips, average 0.6 (between 0.5 and 1.0 during the EA's trading times; other pairs similar.
Looks like you're with an expensive broker, seeing as you 'struggle' to get 1-pip-spreads even during liquid times.
lol, it's not so easy to grab some pips ... as a matter of fact the trade I opened manually this afternoon hit its S/L (32 pips) earlier this evening, hehe. Oh well, you can't win 'em all, I guess.
The reason that I've decided to check out the free demo of this EA is that, since I started trading in 1991, I have always only done so manually ... mainly because I don't like the hype that is usually created on EA vendors' websites.
FRP refrains from 'Get-rich-quick' promises, gives realistic profit expectations, and is (to my knowledge) the only vendor not only supplying longer-term live testing but also offering interested traders the opportunity to have a close look at the EA by making use of the free demo.
This combination is attractive enough for me (who I have always disliked entrusting my money to few lines of code) to avail myself of the opportunity to have a free-of-charge look at an EA.
Yep, that's one issue we agree on ... as a matter of fact the R:R ratio is way higher even, since S/L is fixed at 100 pips and the average T/P is below 10 pips; it's one of the two things I don't like about the EA ... and probably the main reason for the very limited trading time during the last hour of the NY session: volatility during this hour is rather low, so it's highly improbable that the S/L gets triggered.
The other thing I dislike so far is the T/P method utilized by the EA's algos, which closes trades around B/E, once they recover from an adverse-direction move.
Well, that's the reason why I test the EA on a demo account; after a year or so, I'll be able to judge how well the EA's logic works, whether tweaking will improve it or whether I'll discard it.
The free demo is a nice way of doing that ... it's surely better than some money-back-guarantee, which is always doubtful and mostly limited to 30 days. A month is way too short to evaluate a trading system by forward-testing it ... and backtesting is unreliable.
I welcome your decision to not post here anymore, as will most others, I guess.
There is no need so 'save some naive person' from spending 200 bucks a year, since everybody can demo-test for as long as she/he wishes, for free.
To the best of my knowledge it is a legal requirement for vendors offering their products in the US (which one automatically does, using a website) to display the CFTC disclaimer; so it's simply a prudent thing to do, no matter whether it's required for a Romanian vendor or not.
I suggest that you do not test this EA, if you dislike it; that's a very simple thing to do (or not to do, in this case, hehe).