The vendor stands by his system and has been "tweaking" it with various updates. The newest version is V12 which now includes a "boost mode". It is unclear what this "boost mode" really is, but it sounds like a type of recovery mode similar to the one used with the Wallstreet Forex Robot. "Optional “Boost-Mode” for traders who prefer the fast lane: Choose between our default very-low-risk settings or set the Money Manager to Boost-Mode to safely and automatically increase trade lot sizes and maximize your profits."
Like its cousin the Master Scalper, the Breakout Hunter uses various VIX filters to automatically suspend trading during high impact news and times of extreme volatility. This is outlined below:
Money Management: The size of your trades is calculated as a percentage of the balance in your trading account. As your account grows, so do the size of your trades, automatically.
Optional “Boost-Mode” for traders who prefer the fast lane: Choose between our default very-low-risk settings or set the Money Manager to Boost-Mode to safely and automatically increase trade lot sizes and maximize your profits.
Take Profit orders are calculated dynamically and sent to the broker in Real Time, to maximize potential profit in different market conditions.
Stop Loss orders are automatically placed to protect every trade. They are sent to your broker together with the opening order.
Trailing stops are triggered automatically at the end of the scalping session. They are meant to avoid unnecessary exposure to the volatile London session.
Volatility Filters: The robot knows when “not” to trade, to avoid excessive volatility and unpredictable market conditions. We use 3 “volatility filters” to spot unusual market behavior.
1) VIX filter: This Volatility filter is constantly connected to Stocks and Commodities markets worldwide. If inter-market volatility is excessive, the robot automatically modifies our trading strategy. This information allows our robots to make more intelligent, up-to-the-minute decisions..
2) News Filter: This amazing feature allows us to trade without concern for scheduled economic reports releases. It is connected to the Forex Factory calendar. The robot will stop trading before and after events expected to have market impact, automatically, for true set and forget trading. In the case of the Breakout Hunter, trading is resumed a few minutes after the release, since news reports provide excellent trading opportunities for the trending strategy, provided one avoids entering during news spikes.
3) ADX/MA filter: The ADX determines the maximum volatility level allowed for normal trading. If the ADX volatility level is exceeded, trading will only be allowed in the direction of the trend, as determined by the MA filter.
As you can see this is a comprehensive list of features for this Forex system. There is a backtest posted on the website, but we must remember this trades on the M1 time frame so a backtest is virtually useless here.
Let me also point out one very important thing missing from the vendor's website. There is no live account found anywhere on the site. There is not even a demo account to follow. This in my book is just unacceptable.
There is a guarantee listed on the webpage "If your account (Demo or Live) fails to make a profit by the end of 60 days, using default settings, we will refund your full purchase price, no questions asked, and let you keep the robot for Free!"
