Hi everyone. A while back I wrote a post saying that I started testing the Forex 1000 Pips EA. So after some time testing the EA I think I can confidently come to a personal conclusion regarding this EA. I say “personal conclusion” because I was not able to test it for an extended period of time. On the date of 04-14-2013 I set it up on a demo FXCM mt4 account with a starting balance of $5000 (USD). My demo account expired on 08-02-2013, and at that point my account balance was at $5093. There was a floating trade on the GBP/USD pair that at the time the account expired was at -167$. However the good news is that this gbp/usd position was opened at 1.55xx so had the account not expired it would’ve hit take profit for sure as gbp/usd is not at the 1.60xx range.
So, basically this EA works somewhat but given that after several months I barely made much profit I’d say it’s not an ideal performer to put it politely. If you go to this EA’s homepage it appears it’s no longer available for sale. Instead its creator (a supposed “Rita” woman) is selling some scalper EA. I’m not sure if it’s worth spending more money to test her newest creation. Since it’s no longer available for sale I can’t give a definite buy or not buy recommendation. I would just say “move on” is the best review conclusion.
For now I think I will look for other EAs to test.
Happy trading everyone, and thanks for visiting my blog.