PointBreak..Broken!
article written by Boem.
PointBreak relies heavily on hedging trades. With the new Compliance Rule 2-43 announced by the National Futures Association (NFA) recently, PointBreak can no longer be used as the Expert Advisor for fx trading. This came at a bad time. My demo account was down sharply to less than USD 8,000 due to indecisiveness of EURUSD. Of course, if the EA was left to run it might have recovered the lost ground once again. But, admittedly a drawdown of that magnitude can hardly be justified.
The developer has come up with a new Vision EA which continues the hedging scheme but now using EURUSD and USDCHF to avoid the new NFA rule. I’ll give it a try on my demo account but frankly I don’t have much faith. From a risk-reward point of view, the scheme is far from attractive. That’s my conclusion at this point. Will keep you posted.