Review of the Forex Black Panther EA
|EA Name||Currency Pairs||Timeframe||Strategy||ECN||4&5 Digits||Take Profit||Stop Loss||Home Page|
|Black Panther||GBPUSD, EURCHF||H1||Short-term||Yes||Yes||unknown||unknown||Black Panther Website|
Performance (Black Panther Live Test Results)
Update (April 10th, 2010): Black Panther had a rough start, so I have turned down the risk on the settings substantially to give it a chance to come back.
$100 via Clickbank. It comes as an .exe install and will install two .dlls to your windows system folder, and the ex4 to your metatrader folder. Looks like it’s limited to just 1 account.
Taken from one of the world’s largest hedge funds, the Black Panther strategy was adapted to home-based trading, and features: two proprietary algorithms (P.E.T.E and M.D.P.A), three smart money management methods, unique support and resistance detection system, and advanced user interface. In other words, it detects trends based on moving averages and price fluctuation, and then sets resistance and support levels.
Forex Black Panther trade entries are based on two indicators (Bollinger bands, and Stochastics)
The take profit and stop loss are controlled by the EA dynamically, but you can set the max for each setting.
This one comes with a lot of piracy protection and from what I can tell so far, for good reason. It’s performance across the net has proven to be very good throughout different forums. It could just be a lucky streak, or it could be something more. We will wait to find out. Wouldn’t hurt to try the 60-day money back guarantee on this and throw it on a demo account.
Black Panther offers great support, something not very common in this industry.
Safe To Buy?