forex geek ea holds onto losing trades
2 stars. Forex Geek was tested on demo account for 86 days. (4 November 2010 to 28 Jan 2011).
Opening balance $10,000. Closing balance $10,114.42.(includes floating trades).
Broker Alpari UK 548 Winning trades, 110 losers, 15 floating with -$8,166.63 loss. Average length trades open was 28.38 hours.
This robot was demo tested for 86 days. During that period it consistently produced a profit of 22.7% each month after waiting for losing trades to recover into profit. The system opens many trades at a time and holds onto the losing trades until they turn around into profit or large stop loss is activated. I have no doubt that the 15 floating trades that were left open when I took it off demo testing would have bounced back as had most of the other ones over the testing period. This robot has shown that it can perform with the best of them, however it does worry me that so many losing trades are left waiting for a recovery. A lot of margin and patience is required to trade this automated trading software.
ForexGeek blew up a trading account on a another forex robot review site.
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