kangaroo ea had a problem with fast sustained moving markets
Setup on demo and real money account.
Decided to stop real money account on the 15 June 2011 until strategy amended for fast moving market.
Kangaroo EA V6.2 has a problem coping with a "continued falling or rising market". The strategy keeps opening positions one after the other as the market continues to stretch in one direction. The problem has been that when the market does not retrace, Kangaroo EA ends up with a string of losses that wipes out a lot (or most) of its prior steady gains.
I believe the developers of this system should be able to find a solution to this problem and I will restart the live account a bit later on in time.
This system was achieving consistent profits of about 15% per month until big unexpected moves took place which the news filter could not prevent. (The news filter was designed to prevent the robot from trading during fast market conditions).
Overall, happy with everything about this system and developers except for this one issue.
This EA has now been taken off the market.
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