Update July, 22, 2010: On the new forwardtest Primeval EA uses real money account.
Update April, 25, 2010: Now cost of one copy of Primeval-EA makes $600.
Update February, 20 2010: After good results, developers of this expert has sent me new recommendation about preset. Now I use Moderate Settings on Scalper Strategy and new RiskLevel for Grid Trading Strategy:
Scalper Strategy:
GBPUSD: 10, EURUSD: 15, EURCHF: 30, EURGBP: 20, USDCHF: 15, USDCAD: 15, USDJPY: 15, GBPCHF: 15
Grid Trading:
EURCHF: 20 (will open 0.03 lots for a $5,000 account)
Hedging & Pyramiding:
Default
Update February, 18 2010: Today, I have my first $1000 with this robot. Already during eighteen days Primeval EA have stable and very impressive results. Take care!
Update February, 15 2010: After 2 weeks of trade, I have a profit $650. Not bad! :)
Update February, 14 2010: Developer of this robot has sent me the updated version! He writes:
"I've checked the code for this strategy and made some modifications, those strange trades are not reproduced on backtests because there is no problem when this strategy is run alone without other strategies/trades on the same account.
I made some changes so that the hedging & pyramiding can be used with the scalping and the grid trading strategies together, it was not "compatible" with them before."
I have updated the EA on my VPS server!
Update February, 12 2010: On my forwardtest I got unexpected results with Hedging & Pyramiding strategy(pair GBPUSD). A lot of orders were opened and closed during one minute. I have asked the developer about this issue. Here is his reply:
"Another review site experienced the same problem with my EA for the Hedging & Pyramiding Strategy, actually I'm not forward testing it but I'll check the code this weekend and will make some tests to see if I can fix the problem soon."
If something like that happens again, I will use Primeval EA without Hedging & Pyramiding strategy.
Primeval EA was released in January 2010. This expert uses 6 advanced and very profitable strategies. They include Scalping strategy, Hedging & Pyramiding and Grid trading strategy. Scalping uses 8 pairs: GBPUSD, EURUSD, USDJPY, GBPCHF, USDCHF, EURCHF, EURGBP and USDCAD. However Hedging & Pyramiding use only GBPUSD and Grid trading strategy use only EURCHF.
This EA has very stable results on backtests and shows really great profit. It makes 10 to 30 trades a day which grab about 30 to 120 pips from the Market on average and even more-it's really true. Drawdowns are fairly small comparing to other robots. Primeval EA is not so sensitive to the spread (limit near of 10 pips).
Primeval EA provides a set of bonus indicators and also has a very useful documentation about uses this addons. Website of this EA also contains complete backtest results and a forward test as well.
So, I was really excited by the backtest results and decided to use it on my real account. I hope that Primeval EA will show good profit on live trading and will be worth its price.
Scalping Strategy Backtests 2005-2010
Primeval-EA EURUSD 2005-2010 Backtest:
Primeval-EA USDJPY 2005-2010 Backtest
Primeval-EA USDCAD 2005-2010 Backtest
Primeval-EA USDCHF 2005-2010 Backtest
Primeval-EA EURCHF 2005-2010 Backtest
Grid Trading Strategy Backtests 2005-2010
Primeval-EA EURCHF 2005-2010 Backtest:
Last orders is
closed at stop! It is reflected on the graph.
Hedging & Pyramiding Backtests 2005-2010
Primeval-EA GBPUSD 2005-2010 Backtest:
Last orders is
closed at stop! It is reflected on the graph.
Check out the Primeval-EA website
