Breakout and Trend Following Trading System EA

Developed by Luca Norfo, the Breakout and Trend Following Trading System EA is a system that attempts to leverage price momentum and trend persistence. This kind of trading strategy, made famous by the notorious Turtle’s Traders, is best used on a basket of uncorrelated instruments such as forex pairs, equity indices, energy commodities, industrial metals, and precious metals.

Performance and User Feedback

The trading system has received a rating of 1 based on user reviews. It has been downloaded numerous times since its first publication on 30 September 2023. Despite this, the system has received negative feedback from users, with one user calling it a ‘total waste of money’ and criticizing its lack of optimization and limited settings.

Is it Worth the Investment?

Considering the feedback and the system’s performance, it is important for potential users to exercise caution. The system’s limited settings and lack of optimization capability make it less flexible and potentially unsuitable for different market conditions. It is advisable to thoroughly test the system using a demo account before committing any real funds.

Points to Note

Before purchasing, potential users should inquire about the specific indices or pairs, the time frame, and other settings to be used. It is also worth asking whether there is a MetaTrader 4 version available, as one user has requested. Finally, users should ensure they understand the system’s parameters, such as the ‘lookback’ feature, and how they affect trading performance.

Final Thoughts

While the Breakout and Trend Following Trading System EA may have its merits, the negative feedback and reported lack of effectiveness make it a risky investment. Those interested in observing the system’s trading results can do so at Forexroboteasy.com. Alternatively, they can download sample source code from the easytradingforum.com.