Suggestion Bellissima EA

[dascore]

This EA has been backtested by several reviewers to have very good performances with a small capital and has a low drawdown during trading. I have been intriqued by the developer of this EA as his past indicators and systems largely worked well and were non repainting after the candle has closed. Anyone has worked with this EA and has any experience etc to share? Thanks

Here is a review of the software by Dominic Walsh
Milliontrader BELLISSIMA EA v2

oooPS...jUST DISCOVERED THERE IS NOW A VERSION 3, details as in below

BELLISSIMA EA V 3

 

[Gheorghiu Eduard Gabriel]

Does anyone have this EA so we can test it?

 

[dascore]

After a lapse of nearly 3 years from the date I first raised this subject, I would like to share some findings about this EA _ this EA is now defunct and is not available for use. To close the subject on this EA, I have since found out that:

**The original profit curve is manufactured by position management, not prediction.** 82% win rate, profit factor 2.16, but a **29.3% relative drawdown and a $509,856 absolute drawdown** on a compounding account. "

In a study , it was found that a reconstruction of the geometry (10 levels × 70 pips, bracket ladder 1.0/2.0/1.5) produces a **worst-case full-grid loss of ≈48% of a $1,000 account** — consistent with the archived equity curve. It is a survivable-but-lethal design in a trending market.
Due to the volatility associated with trading the market especially XAUUSD, a one way trending directional move of 600 pips will mean the complete drain of a $1000 account-- something very real in today's market. Hence this is one of the reasons why this EA should no longer warrant our attention.

Let's move on!