Then I write up what I found — sometimes with eight years of tick data, sometimes with nothing but screenshots and a long memory. A few have been genuinely good. Most have been a martingale in a nice suit, and I'll show you exactly why I think so.
Nobody pays me·No sponsored posts·I buy most of them myself
Sold on a 340% backtest and a promise of 15% max drawdown. I got 41% and a 62% drawdown that would have margin-called most accounts. It also doubles down after losses, which the sales page somehow forgot to mention.
No backtest from me on this one — I never got a copy. What I do have is three years of watching the public signal, two blow-ups, and a deposit that kept getting topped up at remarkably convenient moments.
Most of what you need to know about an EA is visible before you spend anything, if you know which bits of the sales page to read and which to ignore. Here is what I check, in the order I check it, and why.