Lo Thi Mai Loan

1 posts

Lo Thi Mai Loan is a developer known for producing a variety of Expert Advisors (EAs) for Forex trading, with a particular focus on high-frequency trading and scalping strategies. While many users laud the EAs for their impressive backtesting results and the developer’s exceptional customer support, there are significant red flags that no discerning trader should ignore. For instance, some users have accused the backtest results of being misleadingly optimized, with discrepancies between backtest and live trading performances being noted. One user pointed out the EA's backtests are highly optimized, showing win rates of over 90%, yet in live trading, the win rates plummet to 10-30%. This stark contrast suggests that the backtests might be tailored to fit historical data rather than provide a realistic expectation of future performance. Moreover, the developer's practice of providing set files that claim to manage drawdowns and optimize performance for various account sizes, from small personal accounts to large prop firm accounts, sounds promising but is often criticized for not delivering consistent real-world results. Another user highlighted that the only way to make money with one of these EAs was to use it on a demo account and then open trades in the opposite direction on a live account, indicating a fundamental flaw in the EA’s strategy. Despite the glowing reviews praising the developer’s responsiveness and the initial success stories of passing prop firm challenges, there is a lingering suspicion that many positive reviews might be incentivized or overly optimistic. The EAs' reliance on specific broker conditions, such as low spread accounts, further complicates their purported ease of use. In conclusion, while Lo Thi Mai Loan’s EAs appear to offer a sophisticated trading solution with excellent support, the inconsistency between backtest and live results, coupled with the potential for manipulated performance metrics, warrants a healthy dose of skepticism.