I ran a quick backtest of this and I must say I was impressed. I paid money for EA that were MUCH worse than this.
Take a look at this quick backtest.
Yes I am aware that this is a small sample size, but heck the thing is FREE. I will probably run a longer backtest when I have the time to do it. : )
I adjusted the TP to 150 pips and the SL to 100 for the test above. Everything else is Default.
If you are just starting out trading Forex I would HIGHLY recommend you download this expert and put it on a DEMO account to get a feel for how it trades. You will definitely get your feet wet with this one.
I may actually use this on some real money in the future. After I run a longer backtest I will make that decision. Until then I will play around with this one for a long time to come.
MACD Turbo V2.0 Free EA
