Hi Jay and other members,
I saw Super signal scalper ea has some potential, but can not make around 200 - 300% profit per month, unless we set up very HIGH RISK like Amount_per_basedLot = 5.
I set up a new ea 2 days ago (from free ea in this forum), and it traded so badly, and made me lose money, and equity was down to 50 - 51 usd yesterday morning, asian time.
Then, one of my very close and best friend gave me his newly released ea, and asked me to forward-test on a small live account of 100 usd, leverage level must be at least 1:200
Because I am using FXPRO with leverage level at 1:500, and remaining equity was around 50 usd - 51 usd yesterday morning, asian time.
So, I immediately put his new ea on same account to trade along with Super signal scalper ea with the bad thought of recovering all past loss of 50 usd to back to 100 usd, or burn all remaining amount of 50 usd.
Wow, surprisingly that this ea traded so aggressively on 4 pairs, and made new equity to 60 - 62 usd (yesterday, US session), and today, I put 6 pairs more for this ea to trade, and now, new equity is around 75 - 80 usd (at this time of writing).
After the 2 eas (Super signal scalper ea + my friend's ea) can recover equity back to 100 usd or above this amount, I will set up "Amount_per_base_lot = 20 - 25 usd" for Super Signal Scalper ea, so that there will be more money for my friend's ea to trade more lot size, and give MORE ROOM for both eas to breathe.
The reason I explain above is because I want to make clear why there have been so many trades since yesterday up to now, and why I let ea trade up to 10 pairs even from yesterday to now, Market trend is very volatile and risky for Scalping eas to make any profit, if not to say, traders always stop using Scalping eas when market is so much trending.
Also, to avoid other members try to use Super Signal Scalper ea on many pairs to mimic my account and if doing so, their accounts will be blown out quickly.
Again, Super Signal Scalper ea is great, and makes profits and IT MUST BE USED ON EURUSD, M1 timeframe only.
PLEASE DO NOT TRY ANY FREE EAS on this forum, or any other forums on your live accounts even you can see very good backtesting results with modelling quality 90%.
You must put any free eas on demo account to forward-test them first and see their performance for at least 3 months to see if they can sustain all market conditions, and still make profits or not.
Have a nice day !