Forex Warrior EA lost everything when the market tanked down

by Admin

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

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.

Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.