PointBreak EA, I like what I see !

January 3, 2008

Last week I was very kindly approached by the PointBreak expert advisor creator who asked me if I could forward test his product on my virtual private server and write a review about it.

As I am always looking for a new profitable expert advisor I gladly agreed to test his PointBreak expert advisor . I am doing this with no monetary compensation at all, neither directly or from affiliate sales. This assures that my results will be totally unbiased.

At first glance, PointBreak EA seems to fulfill the requirements I would assign to a profitable expert advisor. It’s goals also seem to be pretty doable with a long term profit target in sight. I have started to forward test this ea as of today, using the most conservative setting as outlined in the expert advisor’s demo documentation. I am using an Alpari 25,000 demo account with 1:100 leverage.

I am always skeptical with new expert advisors (anyone who has been into them for a while would!) but Pointbreak EA has been like a glimpse of light at the end of the tunnel.

Many expert advisor makers are always talking a lot about their expert’s amazing profits, low draw downs, etc. They in fact talk the talk, but 99% of them do not walk the walk. As I have told you many times, they are based on unreal assumptions.

PointBreak EA has surprised me, challenging some of my core beliefs. Pointbreak expert advisor does not use a fixed stoploss, it is thus subject to massive drawdown. This, unlike other experts, is hedged with the fact that this expert uses amazing money management, being very conservative while it trades. This also shines against the fact that it is one of the most aggressive experts I have ever seen, it stays on the market all the time.

I have watched it’s trading method along this week and I have found it to be rather splendid. It does a pyramid like scheme where it opens positions in several directions, following the trend. This does not mean that PointBreak EA would “die” in a ranging market. PointBreak EA will then use an alternative method to reduce draw down. Since the EUR/USD trends most of the time, balance is greatly shifted towards the trader.

PointBreak expert advisor could, in fact, turn into my personal favourite, definitely a keeper.

Daniel Fernandez - Reviewing Everything Forex

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