Forex-E-Trading V3.0 - Basket Grid Goodness?

Hi there, If you are the type of trader who likes grid trading with baskets I have a system for you! This system (which I don't know what they call it) has been in development for a few years now. Currently they have released V3.0. Let's try to analyze this system and how it trades.

V3.0 live account

If you look at the backtests on the website you will notice spikes at the bottom of the equity curve. These are lot increases as the price moves against the open position. This is actually a martingale type of approach to grid trading(similar to Forex Envy a popular grid strategy.) As you look at the live account above you will also see that this system is profitable while being DOWN over 6600 pips! Also take note the DD has reached the 60% level...ouch! These types of strategies are much more risky than a standard trading system with a tight SL and a large TP. You have to have a strong stomach to trade this one. You can make a lot of profit in a short amount of time here, but when that day comes(and it will) you could easily blow your account.

"To tell the truth, Holy Grail doesn’t exist, trading system doesn’t guarantee you the 100% income! Truth is that those, who promise you fixed income, lie! Markets are very dynamic and there is no such a system what could work in the different trading situations with the same accuracy. The robot, developed by us, is always set to the current situation in the market." 

It is nice to see the vendor updates his system on a regular basis! This should help protect profits.

My suggestion if you wish to try this one is to either run it on a very small account and/or withdraw your profits on a regular basis. What is nice to see from this vendor is he has some confidence in the system with a  staring capital of 10k. Most vendors will only sacrifice a few grand if that.

V3.0 Webpage