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Forex Pitbull was released in March 2010. The developers of this
robot claim that Forex Pitbull was profitable during last 10 years. I
have tested it from 2005 and got good results on my backtests. Robot
shows good performance during more than five years. Forex Pitbull is
not so sensitive to the spread. However the strategy is very risky and
involves grid + martingale lot doubling so make sure you use 0.01 lot!
The robot does not use standard levels of Take Profit and Stop Loss,
these parameters are calculated automatically, depending on the market
conditions.
Forex Pitbull backtest on EURCHF
However Pitbull has its weak points as well. First of all, the
developers of Forex Pitbull claim that it works with every currency
pair and they suggest that you put it on 22 charts, but it isn't
right.. for example, if you test this expert on GBPUSD pair you will
be surprised to see the stop out even if you used 0.01 lot, therefore
I recommend using Forex Pitbull with only standard currency pairs
without GBPUSD.
Forex Pitbull backtest on GBPUSD shows total loss
Forex Pitbull provides a set of bonus indicators and useful
documentation. Website of this EA contains complete information and a
forward test as well.
This robot shows stable enough results and I already placed Forex
Pitbull on my account for the forward test. You will see my results
of the trading and my full forwardtest later.. Take care!
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