Here's my review of No Sleep EA..
First its a GOOD EA no doubt, will bring you good profits..
The bad is it has a very high drawdowns, I don't know if I'm just wrong with the settings but DD is just too high.. you have to win 10x first before you can cover up the open trades that is losing. But this losing trades, you have to wait for the reversal, I know it will eventually reverse and win this losing trade.. but it will keep you waiting days or weeks..
Another thing that I noticed is that it trades in support and resistance lines which is very favorable to me.. BUT, this EA needs a little more analysis on its codes to identify if the price will break or continue the trend.. I think this is the one that makes EA fall short.. that's why it can have a huge DD.. because we all know if the price breaks the S&R lines expect that the volume will be massive..
Overall
You just need to have at least $200 (what I recommend). Tried $50 but it keeps blowing..
Also trade with more than 1 pair..
Been running this EA for a month
1st week $50 (blows)
2nd wk $50 (still blows)
3rd wk $200 makes profit (with mult pairs)
Anyway I used DEFAULT Settings,
just changed
TP- 8
Starting Lot - 0.01
I'm not sure if I have the best settings but all set are the same with all of my pairs..
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