Hi Lifa.
Why dont you backest your trial version and see for yourself? What pair did you trade on over the last 3 days and how much in your account? Ill get another trial version and backtest it and include the 3 days you traded on. Also – check your trading account in MT4 – it made $2500 but how many trades are still open and are they losing ones?

Id go further than saying not a magic wand. Its a total rip-off. I backtested it on a number of pairs and timescales – its utter garbage and your account will end up at zero. I realise that backtesting is not full-proof, but it does give you an idea of what a robot is likely to do, which in this case is make a few winning trades and disguise the losing trades in drawdown. Very clever actually. If you are a real novice to Forex you would get fooled into thinking this robot is the best thing since sliced bread 😉 unless that losing trade is enevitibly closed.

Did you ever manage to decompile it Rosco? My guess is that the code is very simple and just opens ramdon trades…

When I closed the trades manually, it would immediately open a new trade in the same direction, which was a surefire loser. I learned then to disable the EA on a pair BEFORE closing the trade manually. That worked, but then didn’t know when to enable it again, without a new losing trade opening.

in the last two weeks it’s made about $580, but has 4 trades open drawing down the account by nearly $800 (SL is set at 80 pips by default, so I’ve left it there for the time being).

It frequently opens trades without setting TP and SL, so it cannot be left to run by itself.

I had high hopes, but it’s not the magic wand it is purported to be.