Is this a good EA?

Hi
I like many have been playing with Forex systems and EAs but with little real long term success however a couple of weeks ago a came across this EA posted on the Codebase site entitled e-PSI@MultiSET it has produced some great profitable trades on demo but not knowing enough about live trading with an EA I am writing this in the hope that someone with expert knowledge in this field could take a look at this EA and see if it’s worth pursuing
Many thanks
Koyco

It would help a lot if you posted the link, so that others could find it.

I would definitely run it in Strategy Tester to take a look at its profile for a year. It isn't reliable as a predictor of success, but it is good for spotting weaknesses such as the performance in ranging versus trending conditions.

http://codebase.mql4.com/7913

the person has shown only what he wanted you to see

observe carefully a steep rise, then totally flat and slow tapering down

he stopped the ea at the point it begins down.

so no, not a good ea, just a fake

The default setting for Risk/Reward is 10:1. That should be huge red warning flag. So this thing will win 90%, but even one loss requires 10 straight winners to break even. Avoid this dog.