Website：FOREX AVATAR 2.0
Trade Style：24Hour Scalping
Currency Pairs：EURUSD & GBPUSD
TimeFrame：M5
Price：$99.00
Logic:
This is a scalping EA, trades 24 hours.
This EA's old version was released some time ago but the performance was not good, not terrible.
Now it came back as updated version 2.0.
Forex Avatar 2.0's back test is very good and forward test is good so far.
Average TakeProfit is about 15 pips and StopLoss is 35 pips.
Max TakeProfit is about 60 pips and Max StopLoss is 65 pips.
I like the fact the differece between TakeProfit and StopLoss is not very wide.
If FOREX AVATAR 2.0 wins 65% of trades then it will be about breakeven.
Over 75% of winning ratio will be needed to make good profit.
So far, according to forward performance, FOREX AVATAR 2.0 is winning about 70%.
Trade frequency is about one trade a day.
Backtest: April 2007 ~ June 2011
EURUSD
Backtest: April 2007 ~ June 2011
GBPUSD
Forward Performance:
Trade Style：24Hour Scalping
Currency Pairs：EURUSD & GBPUSD
TimeFrame：M5
Price：$99.00
Logic:
This is a scalping EA, trades 24 hours.
This EA's old version was released some time ago but the performance was not good, not terrible.
Now it came back as updated version 2.0.
Forex Avatar 2.0's back test is very good and forward test is good so far.
Average TakeProfit is about 15 pips and StopLoss is 35 pips.
Max TakeProfit is about 60 pips and Max StopLoss is 65 pips.
I like the fact the differece between TakeProfit and StopLoss is not very wide.
If FOREX AVATAR 2.0 wins 65% of trades then it will be about breakeven.
Over 75% of winning ratio will be needed to make good profit.
So far, according to forward performance, FOREX AVATAR 2.0 is winning about 70%.
Trade frequency is about one trade a day.
Backtest: April 2007 ~ June 2011
EURUSD
Backtest: April 2007 ~ June 2011
GBPUSD
Forward Performance:
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