From EAMT Automated Forex Trading System:
With a reliable auto trading platform, you are not required to do the actual trading yourself and therefore you save your time. And if you can watch the market constantly, you can manage multiple accounts from your trading platforms, simultaneously, which was never possible with manual trading. Automated forex trading systems present advantage of trading multiple systems and multiple markets.
An automatic and automated forex trading allow your trades to be made at any time of the day or night, regardless of your presence. You do not miss a single profitable trade even if you are not present in front of your computer terminal.
An automatic and automated forex trading also eliminates human emotions and, psychology that can often affect proper and profitable trading decisions. With an automatic and automated forex trading system, you will be capable of monitoring many currency pairs at a time and you can follow and execute all of them.
What's new in this version:
Version 8.9 may include unspecified updates, enhancements, or bug fixes.
Automated definitely takes the emotion out of things, and this seems very promising.
The fact that there is no stop-loss is a definite non-starter with me. You HAVE to have a stop to manage risk!
When it comes to Forex Trading it's important to be able to trade with emotions in check. Forex Trading isn't easy, and automated seems the way to go, but there are SO many BAD automated strategies out there, I'm convinced it's the brokers who are creating many of these "Expert Advisors" to siphon the money out of your pockets! http://www.tradingmetro.com
demo workls well - and if you remain on that you;ll be happy
no money management to this system/results on demo differ dramatically to live - no refund when requested although promised. dangerous product
live account saw the no loss ea remove 3/4 of my acocunt and rising? it reversed days later and took the hot at over 1/4 of my account gone. I then watched it to see if I was hasty and waited - it did not reverse again to bring me back in profit. Not to be deterred after great demo results i went in again - to the same thing. I spoke tot he seller who agreed a refund...2months later he was still advising he would send it... 3 months later - refund non existent - just like the live account profits. no money management.. should come with a notice - you will receive your margin call form yoour broker!
I just completed 5 day trial of this EA today. Start in $2500 demo account , well so far so good,but in the end of trial finished and market close, there is one position not completely closed and getting floating (--$77with $3125 in total of equity,
No stop lost ,but we can input stop lost value , Also 5 days trial not enough. I still wondering what will happen to that one open transaction when the market re open.