Project IG MT5

Only Loss

Loss 10k in demo account. Settings like suggested by author.

Leider habe ich mich dazu verleiten, diesen EA zu kaufen. Die Backtest über mehrere Jahre sahen sehr gut aus. Nun ja, was läuft schief? Der Autor eröffnet einen Trade gegen den Trend, während die Bewegung noch läuft. Die Position wird mit Verlust geschlossen. Nun wird eine Größere Position in Trendrichtung eröffnet, obwohl die Korrektur einsetzt. Der Trade endet wieder mit einem Verlust. Leider wird die Trendrichtung nicht beibehalten, sondern es wird versucht die Bewegung der Korrektur zu handeln, die aber nun zu Ende ist.Die Position wird wieder vergrößert und da wir gegen den Trend handeln wird es wieder ein Verlust. Natürlich mit noch größerer Position. So geht es weiter und weiter. Oft klappt das, aber in meinem Fall wurden binnen einer Woche rund 2500 Euro vernichtet.

Der Autor kann Programmieren, aber von Filtern der Signale hat er scheinbar noch nichts gehört. Leider reagiert er auch nicht auf Anfragen, wenn man ihn mit diesen Problem konfrontiert und um Hilfe bittet. Also Leute, Finger vom EA lassen. Dieser taugt nichts und vernichtet Euer Konto. Beidem einen früher, bei dem anderen Später.

This EA is absolutely not recommended. The lot size is calculated too big. Because of a movement of only 400 pips an account with 3000$ is crashing. Gambling is safer than this EA.

Not recommendable.

Well, i bought the EA and wish i would have not. You best see the strategy when the EA works in your account. The entry might be good. But if you lose the risk starts to grow. And it can grow very fast to a high level. The EA recover losing positions with new, bigger positions in opposite direction. Today GBPJPY trades with 0.55 lot - after he lost 0.01, 0.06 and 0.11 before (You can expect next tradesize when he lose the 0.55 lot) So this is at least a martingale-strategy. And when i learned one thing for sure in my forex-live: Martingale will kill your account. Maybe not today or tomorrow. But it will. So i stopped now in loss. Yes, possibly it will recover. But hope it will do is no strategy. Not with 3000 Euro. The seller has a good reason to only trade signals with Weltrade, which offers micro-accounts. So it is easy to spent $30 for a "real" monitoring-account. I followed one of this accounts at myfxbook. Account is not longer avaiable. Most likely because it is crashed or in big trouble. Other user of MT4-Version wrote from minimum two signal-accounts that are not longer avaiable.

Final advise in general with bots and sellers. Take your time. Much time to check and double-check all things with the EA. Don't feel to buy fast because of special-price-offer only today or for three days. This is more a point you should think about. Don't feel forced by this forcing marketing-strategies.

Update: I have to correct my star-rating to one star for two reasons. In some accounts there is a crash. And seller suggest to be safe with 3000 Euro or Cent in account - what is not true. So people with less knowledge can get a big damage if they don't stop early.

Currently great EA and good support from Ruslan. I will update my review because I have run the EA now only 2 weeks

Update 03.10.2019:

I currently stop the EA (without loses on my accounts) cause of the results on the authors signals. Keep the five stars because the strategy behind is great. I will track authors signals and will go live with Demo before coming back with real money.

Maybe the time after Brexit will show other results