PID SP5 build 2 EA

My last test with "PID SP5" is blown my demo account. Then Azmel release PID SP5 build 2 EA and new Progressive Mode settings for the PID5 build 002 EA on 29 September 2008.

I test it using FXOPEN with balance $100K since 10 September and I continue it using new Progressive Mode settings. On 6 October when there is strong trend it kill PID SP5 build 2 too, just like it kill FxProMaker EA.
Here is the result


You can download detailed statement dated 09 October 2008

For Indonesia Version, click here

Here is update regarding PID
PID License Exchange and Migration to the Managed Accounts Service
Dear PID Traders,
A few days ago, I sent out a Newsletter informing all about a new Managed Account service. A lot of enquiries have been received about the service including possible options to exchange the PID license with the EA used in the Managed Account service.

I have discussed this with my Managed Account fund manager, and he has agreed to provide a license exchange and migration option for current PID license holders to the Managed Account service.

In a nutshell, my fund manager and I have agreed to provide free Managed Account services to all existing PID clients, in exchange for your licenses, up to the Free Incentive Profit amount, as calculated below:
Free Incentive Profit
The Free Incentive Profit, or FIP for short, is a unique incentive given to current PID license holders who wishes to migrate to the Managed Account services. No charges or fees will be levied upon the client until the profit gained through the Managed Account services has reached the FIP amount.

The FIP is calculated as follows:
For permanent license holders, the initial FIP is $1,000
For subscription license holders, the initial FIP is $100 multiply by the number of active subscription months held. For example, if you have actively subscribed to the PID for three months, then your initial FIP will be $300.

On top of that, the net loss of real money that has been incurred by the client as a result of trading the PID SP4 or PID5 on your live account, will be added into the FIP.
For example, if you started using the PID SP4 on June with a starting capital of $10,000 and have gained $5,000 during the months of June to July, but lost $7,000 in the months of August and September, therefore your net loss will be $2,000. If you are a permanent license holder, then your total FIP will be $2,000+$1,000 = $3,000

To declare your net loss correctly and accurately, please provide a statement of your live account during which you start using the PID expert advisor. We may also ask you to provide your live login and investor password for us to verify the claim.

Once we have determined your FIP, you will be offered to use the Managed Account free-of-charge until the profit gained reaches this FIP amount. After this period, the normal Managed Account fee will be applicable if you wish to continue with the service.

If you wish to migrate to the Managed Account service, your PID license will be terminated in the exchange. Please do not hesitate to contact me if you have any queries with this offer

Performance
Based on past live performance, the Managed Account service has a good history of
producing an average of 10% profit per month on the normal risk settings. Based on accurate backtesting, the system has generated a worst-case floating drawdown of 20%-30%, which only occurs once or twice during the four-year backtesting period.

A live account, which started on June 2008, is also available for viewing on request. Although this live account is only four months old, it is gone through one of the most intense period of turbulent market in years, whist still surviving without creating any damage to the account. The live account is traded with an aggressive risk setting, which tripled the profits as well as the floating drawdowns. Even at this setting, the account is still maintaining a healthy status,
therefore conforming the stability of the account when normal risk setting is used

Minimum & Recommended Capital
The minimum capital that you will need to trade using the FM19 is $300 with InterbankFX, or $3,000 with other micro lot (0.01 lot) brokers such as Alpari, etc. However, to diversify the trades across several pairs, the recommended capital is $2,500 with IBFX or $25,000 with any other micro-lot broker.

I buy permanent license too, still want to consider the offer. Anyone want to join the managed account? :D