By definition a breakout EA will hunt the market for a "breakout" or when the price moves sharply in one direction and gains momentum. Many times this type of strategy will take many smaller loses in its attempt to "find" the breakout. This does not seem to be the case with this EA. When we look at the 99% tick data backtests for this EA we can see it has a high hit rate which is rare for this breed. (89% for the EURUSD and about 96% for the GBPUSD.) This is definitely a refreshing change indeed. Kudos to the team.It is also pretty rare to present a 99% tick data backtest for a breakout system and I don't know why this is the case (maybe because most fail miserably at some point). There is a forward test but there is no link to verify the account. We are only provided with a pic.
Interestingly, when I looked on Myfxbook for the above account I could not find this account! only the users name was present. So at time of writing we have nothing to follow.
Here are some more of the highlights;
>Removes emotion from Forex Trading
>Generated insane Million Dollar Profits… 250 Dollars to 10.7 Million in 6 years!
>Utilizes a breakout Strategy… More Details below
>Works on both EURUSD and GBPUSD – Both versions are included for a single low price.
>Incredible Win Rate – 9 Wins to Each Loss
>Has Low Risk. NO Martingale – No longer will you see large account blowing loses.
>Has intelligent Money Management feature that allows you to adjust risk based on your own needs
>Has Excellent Support- Quick and detailed solutions to any problems that you may have.
>Has a very low price tag!
This one shows some promise but the lack of a real account to follow bothers me at this time. Hopefully we can see a live trading account soon to monitor its performance.
BREAKOUTEA
