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golden elephant has huge drawdowns for me. i have been using scout for 3 weeks so far on a live account. over leveraged twice. so far .01 lots on a 1-500 broker. every 250 up .01 lot. so far so good.
If you use this ea I would recommend using 4 SL and 1 TP. Starting lot should be .01. If you want to use the percentage high risk would be 50%. It goes up .01 every odd hundred at 50%. Such as 300 is .02 then 500 is .03 and so on. Fridays have killed this EA almost everytime so far. Mondays are...
I still am running it on demo account to see what happens. It will take out 5 or so trades at a time. About 3-7 times a day. It breaks even overall it seems like. If I could raise the stop-loss and take profit it would probably be better.
If you are talking to me. I cant post my results. Or at least I dont know how to separate them. Its because i usually test 3-6 ea's going at the same time on 1 demo account. Drawdown is 3% on the m5 timeframe in the backrest.
I used the g/u on all time frames and it went from 100- 50,000 in one month on m5. It went great on the other times as well. In the tens of thousands from 100. E/U went good U/J went great and U/Cad, A/U, and u/chf went positive directions. I did most if them on coinexx and a couple on hugosway...
So far it has been. If you have ideas how to make it perform better I would like to hear them. I've taken it off live account. Its still in demo to see of it was just bad days. I hope it was just bad trading days. The backrest did phenomenal.
I backtested this on multiple timeframes and different pairs. It has amazing backtesting results. I am running this ea on demo and a live account currently. It has won 5 out of 43 trades so far on both accounts.