Forex Expert Advisors: Safety EA 2.0

Dedicated to all martingale fans...

From time to time people ask me about this "feathered miracle"....

Platform: Metatrader4

Operating time: around the clock

Currency pairs: EURUSD, AUDUSD, USDCAD, GBPCHF, USDJPY, NZDJPY, EURCHF

Timeframe: M5

Safety EA ensures the overall profitability of the system by covering losses on one pair with gains on another. What does this mean in practice? There are no stops, positions can hang for several years, and an enormous amount of money in the account is required to keep it running. Interestingly, at first this expert advisor was sold for $1000, then for 500, and now its price is 200 dollars.

"Safety" is translated from English as "Safety" or "Reliability". Is this sit-and-wait system really that reliable? Let's take a look.

Monitoring

On the official website we are offered a bunch of demo account monitors (see one of them below); apparently, the authors are afraid to put their expert advisor on real accounts.

The EA is also being tested on Leprechaun, at the address: http://ealab.ru/ea.php?id=196

And what about the backtests? Here the picture is not so rosy: when testing with a fixed lot of 0.1, as a rule the expert advisor did not have enough of a 10,000$ deposit, so tests had to be run with a balance of 100,000$. Although even that amount was not enough for some pairs ...

EURUSD

AUDUSD

EURCHF

GBPCHF

USDCAD

USDJPY

NZDJPY

Running tests with 99% modeling quality for such a nonsensical expert is somehow too lazy for me. But I think 90% will be more than enough here to understand what is what.

So, do you have an infinite account balance and all eternity in reserve? Then this expert advisor is for you! I do not recommend it to everyone else.... :)

Installing, setting up, and trading forex expert advisors