I've been trying the Firebird v1.0c on the 1M time frame with EUR/USD & USD/CHF, just for curiosity sake. This thing has been generating about 200 pips a day ON DEMO. No losses yet. Waiting for the inevitable drawdown ???
From what I can see it trades bounces off of a SMA channel and tops up losing positions to bring the average down. A bit like going to a roulette table and doubling your bet every time you lose! AND YET, no losing trades yet.
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