Jarvis EA True Currency Trend

Good on sellers account, but I did not managed to get similar results. Reason are probability parameters scaling differently. Some are scaling proportional to balance, e.g. balance protection, others on lots, e.g. max lots open for all pairs (martingale just stoppes at that level), so that EA trades differently on different balance. Perhaps it is possible if one has exactly same broker and balance. So, unfortunately two stars from me.

7% profit-15% loss 7% profit-15% loss Eventually only increased losses. The author's signal looks good, but when tested, it doesn't work as signal. Tested with two set files for about six months, the result was always a loss.

Tested for 6 months, EA is buggy and doesn't perform like the signal.(1/5)

8/6/2021Update: After 10 months of forward testing, EA is showing signs of growth after changing the DD protection setting to match the author's signal Current Drawdown.

Author's provided set files have a tight Drawdown protection, which in turn causes a series of big losses for smaller accounts.

I'll continue testing with a wider DD SL & Update my review accordingly.

This EA it's pure garbage, with 1000$USD, gain always 1$ average and in 5 trades wipe 200$, all setups are respected no gredy nothing wrong from me. If you want to wast your money order this new Scam EA and lose your money. This is the proof: https://i.imgur.com/eEaE5Rt.png

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It's the best EA what I ever tried. Author is also helpful and good guy. Five star from me and thank you for this cool stuff.

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1. One star for the author: he always grants the necessary support. 2. One star for the work of this EA. I don't think much of backtests myself. The better option is to test on a demo or cent account, with patience. I tested the EA on a small real account with a profit. 3. One star for the intelligent and simply settings: it allows the limitation of the DD and much more. 4. One star for the price: compared to many other expensive EA's, this is very cheap and still relatively safe to work with. 5. One star for the small but stable profit. For me this is better than a quick profit with a high DD, which can quickly bring the account to zero.

The EA is very dangerous at this point in its evolution. There is no way to make a serious backtest so no way to know what may be expected in terms of DD and profit. the MT5 version is not able to make a multi-currency backtest and this is very odd. ( all commercial MT5 versions makes multicurrency backtest as its a feature of MT5 coding) In this situation, I 've seen also a big discrepancy between the trades taken by the author and taken by me. Furthermore... I ´m seeing a big discrepancy even in my two accounts identical and in the same broker !!! the concept looks promising but if not having a tool (let's say MT5 demo multicurrency backtest) in order to evaluate the long term past behavior the EA becomes like a "game" irrespective of the potential good results the author is showing in his account. Any "setting" released now will be based just on "guessing" by the author but not based on solid evidence of how the EA may manage the different conditions of the market in the previous years. I 've been writing the author and have been polite but not giving a real solution for the topic of the multicurrency backtest in MT5. till the moment the EA will have the possibility to backtest in multicurrency in MT5 at least ÇI may not give but a 0 rating as a dangerous product with the high potential DD.

UPDATE!!: Read entire message! 22.06. - I have turned it off. It seems to deliver lots of good stable small profits and then all of a sudden one or two huge losses that wipe everything out. I have lost 40% of capital and am now turning off this EA. :-( 19.06 I change my review to 5 stars! The new Jarvis 2.6 works well! There is always a risk but Jarvis manages to minimise this as much as possible! With help form the always very helpful seller - once you get your settings right Jarvis just steadily performs lots of smaller trades that just tick in throughout the day. I will update once more in a month with figures. 22.05 - I must say I am very disappointed. The amazing results (and transparency) that one can see in the documentation does not seem to be the same in real life. My balance does go up... but the DD aswell.. and my equity keeps dropping. After losing 14% over 2 weeks I decided to pull the plug and have stopped this EA. Maybe if one continued for longer one might average out and end up in profit... eventually... but I just can't see the average of 75% per 5 weeks ever happening. Seller just launched new version with updated settings for DD... so this might help... but... anyway.. I might consider testing the new version and update this review in the future. UPDATE 10.06 So... the NEW Jarvis seems to be working better... the DD is more under control and the equity (the important one) is quielty slipping up. I will update again in a few weeks to see if I can put some numbers on it.

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Strong potential but downsides outweigh the positives. Downsides include:

1. no way to backtest.

2. when 'close all order in Friday' setting is set to True, the EA closes orders from other EAs without respecting Magic Number

3. Default setting relies on martingale strategy. Martingales are wonderful until they're catastrophic.

I like this strategy. I like Jarvis.

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EA looks good , Support is very good

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