Three pages of testimonials.... very impressive
Now ask yourself why the hell would anyone with even the most basic trading skills want to purchase an extremely low cost expert advisor, for use on a bucket shop broker.
Well, they wouldn't would they ?
I suspect that the lure of easy money might result in purchases from hundreds of unfortunate souls who are far too stupid or lazy to put in the work to develop a profitable methodology, or the disipline to trade, or purchases by those unfortunate souls praying that this is the $50 will free them from purgatory of employment at the local burger king.
Would you really listen to the testimonial of some guy flipping burgers, or would you perhaps be more inclined to take a look at actual performance results ?
So what test results are available ?
Well a 6 month back test, undertaken in the middle of a strongly trending market, with no stop loss applied shows reasonable results. Problem was a tiny 23% retrace (described as a MARKET CRASH by Steintz) pretty much wiped those profits out
Forward tests are a bit inconclusive, most last only a few days, market conditions which are unfavorable are kind of well.... ignored
Hey but the good news is we can now watch an unbiased, uninterrupted, demonstration of the true performance of this EA. Currently its not doing so great, but its early days, and I wish him luck.
Participant Steinitz - Automated Trading Championship 2007
regards
zu