Tuesday, November 20, 2012

Lollipop Forex - Lick Up Some Profits?

Hi all, this forex system is brought to us from the same folks that released the kangaroo EA. The kangaroo EA was a successful system made by tulipfx company. Right off the bat I like this system as there is a statistical page directly tied to a 5 year tick data backtest. Let's review this below:


In addition to these stats we also see 2 Live accounts set up by the vendor which at time of writing are not performing too well yet. We can follow one of the live accounts by clicking here Although they were only set up with a small amount of initial capital, at least they are real accounts and not demo.

I should point out that the system trades once per day on the Eur/Usd pair on the 15 min. timeframe. Risk to reward ratios are good using the 2 strategies provided. Apparently you can run each strategy at different risk settings, very nice indeed. There is also the ability to set dynamic SL and TP based off the volatility ATR indicators.

At time of writing this system was not available. There is a release date set for December 1st. This will probably sell for a few hundred dollars but I am not sure. I believe the Kangaroo EA had a yearly subscription attached to it, which we may see with this one. Let's keep an eye on this one and track the performance of the live accounts.

Lollipop Forex Webpage