Forex Funnel EA

"Forex Funnel EA" is another martingale family EA.
My friend recommend me to test Forex Funnel EA because he said it survive on 6 October strong down trend 400 pips.

So I decided to test it on 10 October 2008. I found that Forex Funnel almost same with "FxProMaker EA"
* Use USD/JPY pair.
* After attach the EA, Ea will open Buy and Sell at the same time.
* Use pending order.

The differences :
FXPROMAKER:
* If price going up,
Buy will hit TP and open another buy
Sell will open martingale sequences

* If price going down,
Sell will hit TP and open another sell
Buy will open martingale sequences

Forex Funnel:
* If price going up,
Buy will hit TP and open another buy
Sell will open martingale sequences

* If price going down,
Sell will hit TP and open another sell
Buy don't open martingale sequences

That's the only main different.
On 6 October FxProMaker Hit margin call because USDJPY pair have strong down trend 400 pips but Forex Funnel don't get margin call, because when downtrend Forex Funnel don't open martingale sequences. I said it's lucky, why? Read below.

I test it using recommended balance in the manual $25K and open 0,1 lot. Leverage 1:500. The result is Margin Call on 13 October 2008. WHy? Because on 13 Oct 08 at 15:00 (GMT+3) USDJPY make strong up trend more than 300 pips. When uptrend, Forex Funnel EA will open martingale sequences on sell order and $25K balance is not enough to hold 10 Level.


You can download detailed statement dated 14 October 2008

For Indonesia Version, click here