Point Break 5.0
56Point Break 5.0
Hi, I am back and i am encouraged to write some notes here about forex softwares that I have been keeping and using for the past 6 months. I have written about Point break 5.0 expert advisor earlier in HP and I was very delighted that there are reviews on that particular ea even tough it has been since like forever I wrote the review. This gives me enough strength to just write stuff like this so that every body will benefit from my reviews and of course to benefit from it you have to read it. So here we go again...
My reviews will start with Point Break 5.0 from Yohanes Gagahlin a renowned trader which has invented this excellent Expert advisor. I bought this software a while ago and was eager to test it on demo account because this expert advisor can not be tested on backtest, only on forward test. Well, to be honest I am impress with the ea, mainly because it deliver its main promise which is delivering you profit. YES this ea can and will make you profit, provided that you have enough revenue to support the drawdown this ea sometime produce. The largest drawdown I got was around USD 2000 but rarely it goes around that mark because of the averaging and pyramiding techniques the expert advisor implemented in calculating profit while it closes trades. The expert advisor is truly an automated trader that can make trade for you on its own using indicators that is not mentioned by the author.
Pros: Deliver its promise which is get you profit, Easy to use just drag and drop the ea in any MT4 trader platform and you are set to go, nice upgrades (yes you will get upgrades or update from the author about new updates of the ea), support mini account, great manual and great support service.
Con: The drawdown sometimes can be very big (but rarely), can not be used on other platform besides MT4 platform.
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Carlton Cummins 2 years ago
It is really easy to use but you do have to pay attention to the drawdown. Also another drawback can be a fast moving market. If the EA calls for a close and the market moves against you before all the trades in the cycle are closed, it can close at a loss. This does not happen often but it does happen.