This article is obsolete and no longer maintained.
Trading style: grid limited to 3 trades, with the entries at 60 pips distance from each other, operating in an average-down style; it has a seemingly dynamic TP (10 pips overall in grid mode) and it also has an internal SL somewhere between 200-225 pips. It is possible to configure the maximum percentage of the account that is at risk.
Currency pairs: EURUSD, GBPUSD
License: 1 live account (for the $399 license; 2 live accounts package available for $719; 4 live accounts package available for $1355)
NFA compliance: yes
Refund policy: none
Read more at the FxPapa website
Note: this EA is based on a signal service.
Birt’s forward test
Settings: default, Risk_Percent 20
Stopped: 30.11.2012 (the system has not traded for over 3 months and the vendor is no longer responding to emails)
Account type: live, micro
Starting balance: $300
Current version: 4.1
Account type: live
Starting balance: $200
Since this is a signal-based EA, backtesting is obviously not possible. The vendor has however posted a backtest in the Live Test section of the product website.