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Tested Result: testing
London Sunrise EA
 

Updated: August 2009

Profitable: 7/10

Easy To Follow: 7/10

Honest Result: 10/10

Support: Good support, received several replies by email

Bonus Value: 0/10

Results: 3/5

The Good: Honest approach with live results on site

The Bad: Backtest is not that good

 
 

London Sunrise EA is a new EA from the developers of the Poison Robot. I could not get any good results with it however I like the honest approach of these guys - they were fast replying my email and even provided me with a copy for tests.

London Sunrise EA is based on a simple idea that market will break through the range formed during the Asian session by the trend of the London opening. The system opens 2 pending orders in both directions on the sides of the Asian session channel and waits for break through.

Guys even publish their trading results on site which is a fresh breath among the great number of over hyped EAs with no real proof. However most of the results are based on one strange trade with a huge profit comparing to other normal small trades which looks strange to me. Here is the screenshot of their results.

The backtest is extremelly slow and does not show good results if we "dig deeper": Here is the screenshot of their backtest.

I would not make any conclusions on this EA - it is too new and needs more real money proof before we can judge it. I will test it myself more as well and update my review later