FOREX REVIEWS

A few weeks ago, the new version of Doubleplay, which is version 4.5, was made available for download to all Doubleplay customers. I received the new program with both excitement and a little bit of concern as Doubleplay's money managment system was changed for a supposedly better one. Backtesting results of the new version, available at halcyonfx.com (which is the developer's website), show the expert advisor being tested on the GBP/JPY pair for a period of 2 years. This backtests somehow increased my concerns. Even though the equity curve does seem much cleaner than before, with I have to say, increased profitability, there is an obscure risk factor surrounding this new money management system. The system basically builds up position size as losses are incremented, which clearly makes recovery from losses much faster. But I cannot help to ask myself, what if the expert suffers too many continuous losses ? Will the expert drive the account to a margin call ? The tests did show...

First of all let me apologize for the diminished amount of posts I have published for the past month. I have been very busy with other projects so I haven't taken much time to write articles, on the other hand, I don't have many experts to review as I currently have only 2 in forward testing. Now to the God's Gift expert advisor results... I have to say, I like this expert advisor a little bit more every day that I see it trade. It caught twelve profitable trades in a row , over a little bit less than two months. It has shown great accuracy with it's trades, only risking a moderate amount of pips (70) on each trade. The ea attained it's first loss yesterday when it hit a stoploss on the GBP/USD after taking a dramatically wrong sell order just before 5 consecutive positive hours for the pound. I have to say, I am in part relieved by the expert starting to take some loses, I really want to see if the expert can live up to it's back testing results and provide a...