Rsi EA MT5

I've been testing Eleni's algorithms for several months now, and I can finally give a maximally balanced assessment. I myself work on optimizing gridless algorithms, and my profit fluctuates around the level of statistical error - trading looks completely random. So you can imagine how happy I was when I saw that Eleni provides settings files for her algorithms! I figured the developer optimizes her algorithms better than I do, and the profits would be better than my own results. The good reviews added to my confidence.

I decided that the cost of the three algorithms would pay for itself in a couple of weeks, so I put them on a live account across all available charts. Then I kept only the recommended settings. Then I closed all the charts that were blatantly draining money. Unfortunately, none of this helped - the account is still steadily going into the red. Not only did I fail to recover my costs, but I lost roughly the same amount again.

Why did this happen? All of Eleni's settings are over-optimized, meaning they are curve-fitted to the tested period. If you test them on a different period, you see consistent losses. When I pointed this out to Eleni, she replied that the market is changing right now - but that's nonsense, because the market is always changing, and a strategy should work not just on any time period but ideally on other trading instruments as well.

Eleni constantly uploads new settings files to keep them "up to date," which really means curve-fitted to the most recent year. Does Eleni know that her settings are over-optimized? She has a huge rating on the platform - of course she knows. Why does she do it? So that fools like me keep buying the algorithms. And this tells us that she doesn't earn money using her own algorithms, but by selling them.

On the algorithm's page, you see excellent performance metrics; then you run the tests yourself for the specified period, and the results still look good. But when you start live trading, you're guaranteed losses.

I can't say how viable these algorithms actually are at their core, because the code is quite poor, and optimization takes far longer than with other algorithms that have similar logic. So we have bad algorithms plus deliberately bad settings files, and the author is fully aware of it. I think this can safely be called fraud.

Do not buy this scam! At the very least, not until Eleni starts doing realistic optimizations with testing across multiple time periods. Though I suspect she has tried, and the results were just as disappointing as mine.

UPD. The author writes in the response: "you were not following my monthly recommendations and were making your own optimizations—trading your own set files, modifying TP/SL levels, adding or removing symbols, and selectively applying the recommended settings". This is a lie. I never once interfered with the settings provided by the seller, because my goal was precisely to test them. The only thing I did was first trade all symbols, then only the recommended ones, and then only those that didn't drain money too quickly. In all cases, I incurred losses, including when I followed the recommendations. In a private conversation, the seller admitted that her recommended settings could be unprofitable for several months in a row.

Très bon expert, nécessite de suivre les recommandations d'Eleni chaque mois, le gros plus étant que la développeuse suit ces EA sur des années avec des mises a jour et des nouveau fichiers c'est 80$ investi sur du long terme.

This is a great EA when trading on high volume markets. I am using it over the year already. With accurate optimization you will achieve very good results very soon, just be patient and keep your lot management accordingly. For me it does work very well on XAUUSD, AUDJPY, GBPJPY, AUDUSD and NZDJPY markets. Good luck in trading.

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Before byuing maybe just rent it for 1 mounth. And if you find some set up for some pair on any time frame let me know on private. Maybe i am incompetent but in back test on longer term i can't make this profitable. Will continue trading my old way this is no good to me. Sorry

Very good concept, needs patience, works over the long term.

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