Attention : Brainyforex visitors can now read about Brian's successful trading philosophy in our brainyforex interview here.
after 310 days paraswing made 22 percent and 642 pips
3 Stars. We tested ParaSwing EA for 310 days through ThinkForex which has demo and live account through the same feed for same results. Our opening deposit was $1,000 on the 28 September 2011 and our closing amount was $1,227.32 on 1 August 2012.
Over the period of 310 days ParaSwing made a profit of 642 pips. On our small thousand dollar account this resulted in a increase of 22.2% with good money management.
Basically the system made an average of 60 pips each month. Not every month showed a profit though. There were 6 winning months and 5 losing months.
Even though the system creates profits slowly the software has functioned very well from a technical standpoint. The software ran perfectly during the entire 310 days of testing.
I rate it 3 stars out of 5 because it has not produced a profit each and every month.
I believe the creators can improve this system by trying to limit the number of trades and focus more on accuracy. I would look at incorporating one or two moving averages so that the system trades more in line with a higher time frame and hence should reduce false breakouts that end up reversing.
Overall, a good effort from the creators and great software as a base to improve from here.
Thankyou for providing the review copy for brainyforex.
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to Forex Robot Reviews.