FreshForex Broker

Forex Warrior EA lost everything when the market tanked down

by Admin
(brainyforex.com)

Brainyforex tested Forex Warrior by ArgoLab for 160 days. Opening balance 2 April 2014 $5,000. Closing balance -$1,706.64 on 8 September 2014. It made 289 trades in total being profitable each week until the last one. Tested on one currency pair GBP/USD Recommended default preset 1 hour GBP/USD. fw_gbpusd_set_1a

This grid trading system just could not handle the market moving down in a big way for 5 days straight. All it's accumulated profits and starting balance ($9,006.80) was lost in one day on the 8th September when the market opened down again after the weekend.

Very large non-trending market moves do happen on occasion and these situations create huge problems for grid trading systems as we have seen with Forex Warrior EA.

To view trading statement go to this page here http://www.brainyforex.com/automated-trading-software.html

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