FOREX REVIEWS

After five weeks of trading the Pointbreak expert advisor and looking closely at the way it closes and opens trades I have just one opinion, for me, c'est finit , it is finished. Last week I wrote a post which was fairly optimistic about the trading of the Pointbreak expert advisor. I said that I was convinced about the trading strategy, it's closing and opening mechanisms, etc. But well, to err is human . The expert advisor itself has shown me this week how all I believed it was supposed to d o was incorrect. I had the following notions about Pointbreak (maybe you have them too) . I though that the expert : - should make profits when there is a strong trend - was supposed to keep draw down at a low level (below 7% at least) - is supposed to give a 10% annual return - controls draw down effectively This week, Pointbreak showed me how a ll of them (except the 10% annual return which I did not prove or disprove) are - in my opinion - not entirely correct . The expert advisor m...

As I mentioned on my last post about the Pointbreak expert advisor, I was concerned about the possibility of massive large open draw down with this expert . I even made a comparison between Pointbreak and a grid trading system which was the feeling Pointbreak was giving me at the time. Now I have to say, Pointbreak is really nothing like a grid system . I have watched the expert closely this week, focusing on the way it opened and closed it's positions. The expert knows when it has a large draw down and acts accordingly. When the ea was facing a nearly 5-10% open draw down last week, I was a bit concerned about it being killed by the ranging market. Although my concerns were quiet well founded, I have to say that they don't exist anymore . This week has showed me how Pointbreak behaves in "dark times" and the behavior has been what I had been told. Pointbreak will indeed suffer in ranging markets, but it is designed to survive them and ride trends thereafter . Pointb...

Throughout all my Pointbreak reviews I have clearly stated that Pointbreak is a trend following expert advisor . It does extremely well in trending markets , always locking in profit when such a market setup occurs. And then ranges happen. Pointbreak does very poorly in ranging markets as we would have expected from both the ea logic and the information given to us by the expert's creators . This week has been clearly very rangy in the EUR/USD pair and of course, Pointbreak has accumulated significant draw down. I have to say it does not surprise me as I had been warned before about the temporary draw down on this kind of market. This week or weeks are likely to be an endurance test for this expert advisor . We will see how pointbreak handles ranging markets and we will see if it amounts to draw down below the 10% threshold which would be unacceptable for such conservative trading. Well, the EUR/USD is mainly a trending pair so we will most likely see the ea come back to life whe...

This is the first review I will be writing for the Pointbreak expert advisor built for the metatrader 4 platform. As you know, I started to test this expert advisor a week ago as a personal request from the maker. I am always skeptical with new expert advisors (anyone who has been into them for a while would!) but Pointbreak has been like a glimpse of light at the end of the tunnel. Many expert advisor makers are always talking a lot about their expert's amazing profits, low draw downs, etc. They in fact talk the talk, but 99% of them do not walk the walk. As I have told you many times, they are based on unreal assumptions. Pointbreak has surprised me, challenging some of my core beliefs. Pointbreak does not use a fixed stoploss, it is thus subject to massive drawdown. This, unlike other experts, is hedged with the fact that this expert uses amazing money management, being very conservative while it trades. This also shines against the fact that it is one of the most aggressive exp...