Three months ago, I wrote a post about the Simple Daily System expert advisor. This free system was doing very good at that time proving to be a profitable and reliable trading system. Now, after four months of forward testing, there are several things I would like to share with you about this free automated trading system.
The SDS ea went smoothly through the rangy period at the end of 2008 and gracefully entered 2009 with profits above 50%. After four months of forward testing, the expert currently stands at a very profitable more than 70% capital increase with a low maximum draw down. (Below the forward testing equity graph of this expert from November 2008 to February 2009)
The simple daily system is a clear example of a high quality expert advisor that can be traded for free. It is excellent at following and capturing profits from daily trends (captured more than 1000 pips on an uptrend at the end of 2008). and staying on the sidelines on ranging markets. Needless to say, the simple daily system now qualifies as a likely profitable expert advisor for me and will be considered profitable after it succeeds at 6 months of live trading with profitable results. A live account will be tested from the first week of March.
If you would like to learn more about the Simple Daily System's results and settings please consider buying my ebook on automated trading or subscribing to my weekly newsletter to receive updates and check the live and demo accounts I am running with several expert advisors. I hope you enjoyed the article !