Strategy
The strategy is not readily apparent by viewing the rather scant webpage, but if I were to guess it is probably a grid trader. I can make this educated guess by looking at the brief BT provided on the website.
Lets talk about the BT. It appears to be a short one adding up to about 18 months in length. I would have liked to see at least a 5 year BT. For me I cannot take anything seriously that is less than 2 years in length. This would lead one to believe that the BT is probably "cherry picked".
There is a very young forward test that is only a few days old.
As I was viewing the short trade history , I noticed the SL was positioned at 250 pips. I am hoping this is an emergency SL. It also appears this "system" uses a trailing SL as well which is good. But the TP appears to be hit most of the time around 10 pips. I don't know how the trailing feature plays a role with such a small TP.
I should point out the high monthly rate is due to the trading of .03 lots on $100 of capital. This account is using very high risk.
In summary I would say it is WAY too early to make an educated decision about this one. Let's see how this fairs in the coming months. Currently there are other good strategies with a long trade history.
sPHANTOM EA
