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Tested Result: testing
Forex Pitbull
 

Updated: March 2010

Profitable: 5/10

Easy To Follow: 5/10

Honest Result: 7/10

Support: did not test support

Bonus Value: 5/10

Results: 2/5

The Good: Trades several pairs. Good backtest results

The Bad: Martingale grid system, huge drawdowns and small profits

 
 

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!