IS Black EA works with XAUUSD and is capable of making large profits with relatively low risk. Yes, it sounds cool, and besides, the developer of the adviser boasts of monitoring his real account on myfxbook, where the results are really impressive, showing that 346% of profit has been earned in almost only one month!
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|Money management||At least 1000 currency units|
|Recommended brokers||IC Markets , ALPARI|
|For advisor recommended to use VPS 24/5||Zomro (most affordable Windows server only $ 2.75 per month)|
The trading logic of the adviser is such that it finds an entry point and opens a position, if the deal goes in the opposite direction, then after a certain number of pips it opens an additional order, thus building a grid, the maximum number of orders is 20 by default, but this can be changed in the adviser settings, as well there is a trailing stop and take profit, but for some reason I didn’t see them on the chart, maybe they are hidden. The adviser has a stop loss function in percentage terms, you can choose the value at what percentage of the loss from the deposit the adviser will close all orders.
I checked the adviser and it works, below in the screenshot is an example of trading
I did not do a back test, below I will publish screenshots of the statistics of a real account from the developer and a link to myfxbook
The Expert Advisor has clear settings, which allows you to flexibly adjust it by simply changing some parameters for trading according to your own logical concepts, for example, set your own time for the adviser, your TP, SL, and more. It’s a little confusing that the EA uses the grid trading method, but again, all this can be turned off in the EA settings by changing the “MaxOrdersInGrid” parameter by setting the value to 1, and the EA will not use the grid of orders. It turns out that everything looks pretty good, the only suspicion for me is the monitoring itself, for some reason many parameters for analyzing transactions in it are closed and it’s still strange why the adviser traded for only one month and then trading was stopped, perhaps the developer wanted to show that the adviser can work at maximum risks and is able to generate large profits in a short period of time. My opinion, yes, maybe it can, but most likely not for long, which is why the developer disconnected him from trading in order to show the result that was obtained with a high risk, if trading continued further, then the deposit would most likely be blown up !!!
But no one forces us to take high risks and chase for fast big profits while at the same time risking our deposit, we need to test everything, it will be much safer if we turn off grid trading as I wrote above, in this case, if the adviser has a really good algorithm for entering position, we will achieve a slow but stable profit growth with a minimum drawdown, besides, you can experiment with the settings and maybe get a really good result.
Thank you all for your attention and successful trading!!!
Reminder: As with every trading system, always remember that forex trading can be risky. Don’t trade with money that you can not afford to lose. It is always best to test EA’s first on demo accounts, or live accounts running low lotsize. You can always increase risk later!