EUR/JPY MoneyMaker Expert Advisor Review
NOTE : The review written here is for an expert advisor different from the one I talk about in my free expert advisor portfolio. As a coincidence both experts have the same name. Three months ago, I purchased what seemed to be an interesting ea called "MoneyMaker" (aren't they all!) which traded the EUR/JPY pair in what seemed to be a trending style. The ea claimed amazing profits , in the order of several times (about 500%) your initial investment. It came with a money back, no questions asked guarantee, so I figured out there would be no harm in giving it a try. Even from the beginning I started to dislike this expert advisor. It has no stoploss . You heard me. No stoploss at all. The maker claims that the ea "quickly" gets out of loosing trades . Which in real life, turned out to be a bit "not quick enough" for my taste . I forward and backtested this ea. In backtesting, the ea showed periods of massive winning, taking profit on one of aproximat...