i hate such results .. 1month backtest.. $5 000 to $1.1m in 1 month -- 1min chart GBPUSD last month... anyways... Grid+Martingale EA .... seems to make lots of money on breakouts... good thing it uses SLs and TPs.. i dnt know whether to believe this even though its a rough backtest...this is not good...
If you have a few coins lying around... and you like EAs... i think the best strategy .. would be to buy your own MT4 Bridge not White Label.. and control your own access to the markets... e.g set your own spreads , prevent re-quotes and off quotes , even set your own leverage without depending on some of these brokers.. IMHO
Thank you for sharing. But when I test this ea for long period - I always get broker stop out at some point of time. Martingale can be really dangerous, I don't think this ea is safe enough for real account.
Yes, I did another test: last 4 years, 0.01 starting lot. spread=2.0 pip, eur account.
Average profit is 70 eur per month. Max drawdown was 3288 eur. If somebody will use this EA with default settings (except lot, which is 0.01), he should have couple of thousands available for transfer to account in case if huge drawdown will happen again, to suport balance. Great thing that all months are profitable, there are literally no bad periods :)
This biggest equity drawdown happened on January-2013. I don't remember what news happened there, and why they affected eurgbp so much, but there is risk that this can happen again.
0.02 starting lot for 10000 eur is ok too (biggest drawdown 6269 eur), but 0.03 lot is already too much for this balance.