Just started testing. Yes it is definitely using Martingale method. I think this EA could be very risky. Will see what happen next. Have fun with your demo accounts testing everyone and as long as you are not on any live account, it's completely risk-free. Happy testing everyone. Have fun, take care and God bless.
Thanks for sharing. Would appreciate if you could help provide some more info with us such as the following:
1. Account balance
2. Leverage
2. Time frame
4. Lot size
5. Any other settings or info that you would like to share with us.
Thanks and hope to hear from you again soon. God bless.
Dear all,
I have just started a demo account testing yesterday and here are my settings used (for your info only) as follow:
Deposit: $100
Leverage: 1:1000
Time Frame: M5
Currency pair: GBPUSD
Settings:
Lot 0.01
The rest of the settings remain as default.
I think this lot size of 0.01 used for $100 account is just too risky. in my opinion this account is pretty much ready to be blown up very soon. I think 0.01 lot should be used for a minimum of $1000 account or more would be much safer.
One thing for sure is that it is definitely using Martingale strategy which is super risky. Therefore try not to use a large lot size or else when market starts to turn against you, the EA will start placing more trades with larger and larger lot sizes that will eventually get your account blown up easily in no time.
I have also attached two screenshots below for your further info. Okay that's all for now. Wish you guys all the best in your own testing. Take care and God bless. Bye.
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