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October 14, 2011

VIP-EA

Website:VIP-EA

Trade Style:Scalping
Currency Pairs:GBPUSD & EURGBP
Time Frame:1H
Peice:$800.00(1 liecence for life)   $100.00 (weekly)
Free (When you open a live account with Insta Forex and deposit $500.00)
Free (When you open a live account with Alpari and deposit $2000.00)

Logic:
I found VIP-EA on Myfxbook.
Incredible performance!! It made over 4000% in 3 month!!
I was dying to know what kind of this EA was.
so I got it. I decided to open an live account with Alpari.



Forward Performance:




BackTest:
Broker: Alpari
1/1/2010 ~ 12/31/2010
GBPUSD: 0.1LOT starting with $5000
EURGBP1:0.1LOT starting with $5000
EURGBP2:0.1LOT starting with $5000
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

1/1/2011 ~ 10/1/2011
GBPUSD: 0.1LOT starting with $5000
EURGBP1: 0.1LOT starting with $5000
EURGBP2: 0.1LOT starting with $5000

I see.... I got it now.
VIP-EA wins a lot but it doesn't set StopLoss. This EA closes all position after 360 minutes.
All wins or big loss... and this EA trades a lot. I mean A LOT!!
No wonder they want me to open a live account and set them as IB.
VIP-EA is not for me.





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