SmartBid

Thank you for your honest feedback — I’m truly sorry to hear about your experience. SmartBid is not a martingale system. It uses dynamic lot sizing based on your risk settings and equity, with built-in hard stop and recovery limits to manage drawdown. However, like any trading system, results can vary greatly depending on account size, broker conditions, risk level, and how it's configured. For accounts < $500 recovery might be too much, so maybe you need a different strategy... I'm running a $500 account since 24 February that got to $1000+, setting a low Hard Stop on small accounts will not do well with this strategy. I always recommend starting on a demo account and using conservative settings, especially for smaller balances. Matching the risk level to your comfort and equity is crucial. Many users (myself included) have had consistent positive results by keeping a balanced approach. That said, I really appreciate you taking the time to share your experience — every review helps me improve the EA further. I’ll keep working to make it even safer and more adaptive.

I understand your concerns. The EA’s strategy works with recovery and dynamic averaging based on the market conditions. When a position is open, the EA attempts to recover it until the Hard Stop is hit, based on the risk level you've set. This recovery method is part of the design, and the Hard Stop percentage represents the maximum drawdown you're willing to tolerate before the EA stops trading. If you're looking for a different strategy, perhaps one that switches to sell when the market turns, this EA might not align with your goals. That's why I always recommend testing on a demo account first to see if it matches your trading style and risk tolerance. In trading, there are no "bad entries"—it’s about how the strategy adapts to market conditions. If you prefer a different approach, I suggest exploring other strategies that might suit your preferences better. For me, this strategy has worked the best, and it's still performing well even now. The recovery mechanism and risk management features have proven to be effective when used with the right settings. However, I understand that every trader has different preferences and risk tolerance. If this approach doesn’t match what you’re looking for, feel free to explore other strategies, but for me, it’s been a solid method. Also, I've noticed you gave me 2 stars for User Support. I've responded to every question you had in due time and with additional details. This tells me a lot about your character. If your review is the same for the EA, it reflects the same approach—judging it based on a single instance rather than considering the overall performance and how it works with the right settings over time. I always aim to provide the best support and improve the product, and I hope you can see that in the long run.

The EA's recovery feature can be disabled by setting a small Hard Stop, which will limit the drawdown instead of allowing the EA to manage and recover positions over time. The strategy is clearly explained in the product description, and it is designed to allow for recovery rather than closing trades immediately at a loss. Always test on a demo account before trading live to ensure you are comfortable with how the EA works and its strategy. That way, you can fine-tune the settings to match your personal risk tolerance and trading style.

I understand your frustration, and I appreciate your honesty. The EA's strategy is designed to try and recover trades that are in drawdown, as long as the Hard Stop has not been reached.
The entries might seem off at times, but the EA is designed to manage risk and drawdowns, not to predict the market perfectly every time. While it may not always get the entries right, the recovery mechanism is there to handle situations like this and try to bring the account back to profitability over time.
Please share your settings so I can duplicate this issue. So far, on my account, SmartBid is in profit. By reviewing your settings, we can try to identify any potential adjustments to improve your results.