Profit percentage is good in these accounts but they they all are tracked for about half an year. Let's see how they perform for 1 year which is minimum period requirement when it comes to reviewing a strategy.

Performance is satisfactory but there are two main things to be considered.

1- Pip gain is still negative on both accounts.

2- Performance history is not sufficient.

Even though EA has managed lot sizes well which resulted in very good profit but it would be interesting to see how it works in long run.

Pip gain matters but when a trader is successfully trading with the idea of "probability of success", pip gain becomes of zero value. It is then lot size which matters most. It could be risky though. Analyzing a performance over longterm reveals the truth.

Forex GTO is performing good even though pip gain is negative. Does any know logic behind Forex GTO EA?

I have seen some account blowing EA with positive pip gain. It is because tihe poor mm make it to blow account. Again I have seen many profitable EA with negative pip gains.

So it does not matter on some startegy. Some strategies are so that more negative pips can generate more gain. In a lot increasing grid EA tp hit in higher level will give you more profit then it hit @ 1st or second level. If a basket close at higher level with profit the pip gain will be negative but you will have good profit.

About Forex GTO  It is very consistent in making profit. It can't make high gain but can make considerable profit if you have good investment. It will survive long time I guess.

Here is two third party test. Have to see the result ahead ...

http://best4xrobots.com/index.php?robot=106

http://www.bestforexrobots.net/forex-gto.html

Originally posted by Poortrader

I have seen some account blowing EA with positive pip gain. It is because tihe poor mm make it to blow account. Again I have seen many profitable EA with negative pip gains.

Pip gain is an important figure and for most investors it is more important than actual profit or profit percentage. Even though strategies using variable lot size can have negative or very small pip gain and still signficantly profitable. But to judge profitability of any strategy, 1 year is the minimum time period. In 1 year, most of the Pros and Cons are revealed while some may stay hidden for longer than 1 year.

I have never been in favor of commercial EAs as most of them rated as scam usually within few months of their release. The logic is no one would sell an EA for a few hundred or even a few thousand bucks if it is really profitable. Instead seller will prefer to provide signals where EA remains safe and he gains a decent amount by sharing signals.

Originally posted by ironical

I have never been in favor of commercial EAs as most of them rated as scam usually within few months of their release. The logic is no one would sell an EA for a few hundred or even a few thousand bucks if it is really profitable. Instead seller will prefer to provide signals where EA remains safe and he gains a decent amount by sharing signals.

 

Can't agee with you. Because I have used many commercial EA's in last one year . I have taken it as investment and have got good amount of return till now.

Yes, there is a point why a vendor will share his profitable EA for few hundreds dollar.  I think, it is their business to sell commercial EAs to generate money. Also you will see in case of profitable and trustful EA, good amount of balance in the account shared by vendor.  It is because they want to proof to their client that they have full confident on their EAs, so invested good amount of money in their account also.

I am using Forex Gto from last week. I am a user of Forex Benz and using from July 2013 . From the beginning to till now Forex Benz AUDNZ is making consiustent profit avg 7-8% gain per month with no negative gain in a single month . Few weeks ago I got mail from Forex Benz vendor about their another product Forex GTO where 8 pairs are available instead of one like benz. I decided to buy it in last week.

Imho, if anyone run this EA with low risk it will generate profit in every month and will run long time . Also don't expect gain more than 10% per month. It will be bellow 10% per month . 

10% or nearly 10% is very high percentage profit per month which is unlikely in most cases.

Let's see if it can generate above 5% or more profit per month in 1 year. I have seen a few EAs that generate very good profits but still havnt bought any. I have tried autotrading though which workedwellfor me.