Webpage analysis:
The webpage is somewhat easy to navigate and informative. What disturbs me is there are a demo account and a real account posted on the webpage, but both of these are private and cannot be viewed! So I ask why even have them there in the first place? You will also see some of the usual hype found on other Forex websites, you know "how I quit my day job" in a week! This kind of marketing drives me mad and is a turn off.
Backtests
The strategy is called "minute trader" because it trades the 1 min. chart for 5 different pairs. What is interesting about the backtests is that they are 99% modeling quality on the 1 minute time frame! I did not know that this could be achieved. It is my understanding that the maximum modeling quality for a 1 minute test is 25% modeling quality.
Strategy
The strategy is an extreme scalper similar to the million dollar pips EA(MDP). I really do believe this one will go down as an EA very similar to the MDP EA in that it just won't perform well for most users. Some of the pairs it trades are as follows:
EUR/USD, USD/CHF, EUR/JPY, USD/JPY, GBP/USD
Some of the highlights include:
- FIFO compliant
- No GMT or time zone trading restrictions
- No news release contingencies required
- No hedging
- No minimum or maximum leverage requirements
- Extremely low maximum relative drawdown versus monthly returns ratio
- Positive risk to reward ratio on each trade by using a small stop-loss
- A daily trader that trades frequently
- Trades close within 1- 60 minutes, never held open over weekend
- All orders are pending and hard stopped, no market execution orders
- Trailing stop-loss to lock in profits
- No martingale, grid, or cost averaging
Again I must stress this will probably not work for most users. But in case you wish to try this there is a "unconditional" money back guarantee for 60 days out. Some users are reporting this is a clone of another Forex system but I can not be sure of this. The support for this should prove excellent regardless of performance.
