The vast majority of EAs on market today are fly-by-night operations. Not so with Winning Solution System, which has been around since 2004 (an eternity in the EA industry). Of course, there is good reason for WSS's longevity: profits for its members.
Winning Solution System v9.5 trades the GBPUSD at the start of the London market session. This EA enters both buy stop and sell stop orders at prices determined by its calculations. In any given session, one or both orders may be executed or, on rare occasions, neither order is executed. Once a trade is executed, the take profit point is 100 pips with a stop loss of 40 pips. After a certain level of profit, a break-even order may be placed in order to prevent a profit from turning into a loss.
Like the other EAs reviewed on this site, WSS is "automatic" insofar as the EA does all the trading with no need for intervention by the user. However, what is unique about WSS is that the EA is directly connected to WSS's server and its lead trader, Ashar Hanif, has the ability to make discretionary calls. For example, even though the take profit is set at 100 pips, if Mr. Hanif determines -- given market conditions -- that it is advantageous to simply close the order at a 70 pip profit, he can do so. And that order will be executed on all members' platforms running the EA.
Since there is this discretionary component to WSS v9.5, it is not possible to perform backtests. However, WSS diligently logs its daily performance on its member's forum. Members can interact with other members on this message board and, very importantly, they can ensure that their EA's trades are consistent with those logged by WSS. We are members of WSS and can vouch for the fact that WSS accurately posts the daily results on its forum.
For LIVE performance results on our REAL account: CLICK HERE.
The broker for this real account is FXDD. Open an account at FXDD through CashBackForex and receive rebates on all your trades.
Going all the way back to July 2004, WSS posts its monthly performance results on its website. Click on the "RESULT" tab on WSS's site. As they say, "the results speak for themselves."
WSS's monthly performance has been reproduced below and is current as of August 31, 2009. However, for updates and the most accurate information, go directly to WSS's site.
Winning Solution System version 9.5 MONTHLY LIVE PERFORMANCE:
TOTAL PIPS from July 1, 2004 - August 31, 2009 : +9,364 pips
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER- COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.