Key of success Money managment, if you master in money managment it mean every strategy profitable for u and vice versa.
this EA is awesome creation if using with stick money managment thats it.
we think forex is jackpot its our assumption and wrong concept and many traders committed suicide of their accounts if you search on internet about their story.yesterday i read a story of 9 years experienced trader and he say i want to quit forex after learning taking courses using ea indicator etc nothing achieved and he is fully disheart to quit forex. he is big looser just lot million dollar in forex in hope one day he will cover.
younger and olders its wrong approach we should learn fast as we all know we should take care of money managment and work slowly and steadly without greed we can stay for long time otherwise few days to go.
if we compare forex with investment bank what is different in profit?
let i will explain
for example A bank offer 0.5%/month say on investment of 1000$ it give 5$/month that is common formula for all banks in world if you now better tell me. and most important you can withdraw this profit at the end of month waiting for whole month for your 5$.
If we use a cent account of 100000cent and use two pair EU and GU with inital lot size 0.10 i think this EA can make easily 3 to 5$/day it mean this ea can give you 0.5%/day on your investment of 100000cent, and you use any other ea which can stop this before red high impact election brexit etc news which we know fewer in year can stop manually this ea safe enough to give you consistant money.
if you find any other magic in forex and met any other person which will start at low amount and become millionair in nights.
May be possible but rare