Forexpeacearmy.com (many of you consider this as good) is a fake review website, supporting FAPturbo and the other scams. First, learn the do’s and don’ts about the markets, then learn the markets.

Not selling anything here but proven to be working systems can be seen at http://www.collective2 dot com, which is an independent reseller and auditor of trading systems. You’ll have 9000 + trading systems being monitored there. One is mine.

I’ve been using Winalot now for around 5 months and I can say categorically that there’s no way at all that it would blow an account. Not only that, it’s very profitable. It’s more than doubled my account in that time and I use it low risk.

I also read Donna’s forum. I’m inclined to believe the other posters when they suggested that Donna copied her trades from a larger account to a smaller account.

@TacticalTrader well.. I guess the best is to trust your instinct no?

@Onur first things first…. learn MQL, another idea would be to take an EA and completely reverse it…

@Amber erm… no offences, but i think it would really help if you provide live statement of your EA performances. While I may not doubt your capability in manual trading. I doubt the figures you put on your site. I do not think it is hard to put up live statements on your site no??

I’ve seen very few (two) Winalot mt4stats published – one very popular one appears to have busted the account with some apparently odd risk settings, and another seems to be profitable despite periodic setbacks though is up overall (+$228 wins / -$142 losses). Easy-EA’s own stats on the website are out of date by a couple of months.

Who to trust, eh?

There’s no getting away from the fact that EAzeGor has had a torrid time these last few weeks and the last thing we would ever do is to try and gloss it over or hide from the truth.

I do suggest though that you persist with it though.

Firstly, the drawdown since the market started ranging in June has only represented a small part of the profits for the rest of the year. Secondly, the market has been ranging heavily of late. You’ve only got to stick a EMA50 on a daily chart to see the moving average flatlining and the price oscillating either side of the ma. These are hardly conditions condusive to the success of a trending EA. Thirdly, the drawdowns that you have seen are still within the expectations as shown from the Strategy Tester. If you’re going to trust a system based upon the results from the tester, it’s important not to panic out on the live drawdowns if they are within expectations.

I can’t promise you that the EA will recover tomorrow, next week or next month, but I do know that it will recover and that you shouldn’t be alarmed by the drawdowns you have seen. It just needs the market to start trending again and then I expect you to recover your losses quite quickly. I think you’ll be pleasantly surprised at how quickly that can happen!

Regarding Winalot, it is actually profitable in terms of pips although it looks as though you may have missed a few trades as you only seem to be showing 18 there. I suspect it has been destabilised slightly because of the poor EAzeGor performance on the same account.

Your impartiality is valued and it’s important that the bad points of an EA should be shown in a similar light to the good points.