Forex Crescendo is a unprofitable forex robot

by Admin

Brainyforex has tested Forex Crescendo and after 219 days it showed a loss. This EA will produce profits for a extended time and then give up all its profits and turn into a losing situation. How does that happen? The system keeps entering positions in the same direction when a losing trade occurs. This means for those times (maybe three or four times a year) when price does not retrace there is a row of large consecutive losses.

This forex robot can have the deception of being a profitable one in the short term but when fast none-retracing price moves occur then its all over, lots of profits wiped out if not the whole lot. The trading strategy needs to be overhauled.

Take a look at the 219 day trading statement here

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