Is it any good, and have you tried it yet?

 

Hello 4nt5

I am using it. It is lot increment grid EA. It trades only with AUDNZ , timeframe M30. It trades both long and short simultaneously according to trade. Also it starts with 0.01 lot and incremental by 1.6.

Thanks

Avg profit per month is really low. Drawdown is comparitively above average. I think it is still not ready to be sold as 6 month performance is not satisfactory.

Originally posted by uniquetrader

Avg profit per month is really low. Drawdown is comparitively above average. I think it is still not ready to be sold as 6 month performance is not satisfactory.

Yes true. This EA looks to be in initial stages of development or maybe development is already stopped because no improvment in monthly profits is observed.

It is being sold of $175 which is an average price of all highly advertised commercial EAs which r marketed a lot but in result they give almost no profit and sometimes even blow whole account.

Originally posted by Jogi

 

Originally posted by uniquetrader

 

Avg profit per month is really low. Drawdown is comparitively above average. I think it is still not ready to be sold as 6 month performance is not satisfactory.

 

 

Yes true. This EA looks to be in initial stages of development or maybe development is already stopped because no improvment in monthly profits is observed.

It is being sold of $175 which is an average price of all highly advertised commercial EAs which r marketed a lot but in result they give almost no profit and sometimes even blow whole account.

 

Thanks for your opinion. I am using it from June and till now running well. I got 100% gain last month and also have withdrawn my main capital to run with the profit and till now made 8% gain this month. It is right that it is not high gain EA , also recommended to run with low risk, but it is making profit very consistently.

Also this EA have different versions and not in initial development condition. You can visit their site : http://forexbenz.com/ to have better information.

Forex Benz performing very consistently till now in my real account. I have found it the best grid EA used till now. I think AUDNZ is a great pair

to suit with this strategy. 

Specially the latest version V71 is great. Now DD is much lower than previous .  I was really in insecurity because of higher dd. But now dd is

lower.

Vendor told me that it is recommended to run it in low risk. I am gaining 2% per week even in low risk mode. So far so good.

http://www.myfxbook.com/members/forexbenz/forex-benz-audnz-real-money/494445

http://www.myfxbook.com/members/forexbenz/forex-benz-xe-market-v71/671318

It is showing drawdown of 73.48% ..

What happened there?

Originally posted by Champ

It is showing drawdown of 73.48% " />..

What happened there?

 

That account of vwendor you telling about is in high risk mode. But vemdor recommends me to run in low risk mode. My dd is 17%. Also I am running the latest V71 with low risk mode.

Here is vendor account with low risk mode:

http://www.myfxbook.com/members/forexbenz/forex-benz-xe-market-v71/671318

Originally posted by Poortrader

 

Originally posted by Champ

 

It is showing drawdown of 73.48% " />..

What happened there?

 

 

 

 

That account of vwendor you telling about is in high risk mode. But vemdor recommends me to run in low risk mode. My dd is 17%. Also I am running the latest V71 with low risk mode.

Here is vendor account with low risk mode:

http://www.myfxbook.com/members/forexbenz/forex-benz-xe-market-v71/671318

 

Yes this account has lower drawdown. Avg monthly profit is 3.79% which is ok. Overall performance is satisfactory so far. 

I have seen that you r in favor of a few commercial EAs which means you r also getting profit out of those EAs. Can you add your performance here on fxstat so that we can easily add it to our watchlist to follow it in future?

Originally posted by Champ

 

Originally posted by Poortrader

 

 

Originally posted by Champ

 

It is showing drawdown of 73.48% " />..

What happened there?

 

 

 

 

That account of vwendor you telling about is in high risk mode. But vemdor recommends me to run in low risk mode. My dd is 17%. Also I am running the latest V71 with low risk mode.

Here is vendor account with low risk mode:

http://www.myfxbook.com/members/forexbenz/forex-benz-xe-market-v71/671318

 

 

 

Yes this account has lower drawdown. Avg monthly profit is 3.79% which is ok. Overall performance is satisfactory so far. 

I have seen that you r in favor of a few commercial EAs which means you r also getting profit out of those EAs. Can you add your performance here on fxstat so that we can easily add it to our watchlist to follow it in future?

 

I am running these EAs in low risk in XM with manual trading. So it will not reflect the performance of those EAs. I have tried some free EAs earliar but it is not worked for me. Later tried these grid EAs with low risk and it is making low but consistent profit.