Immortalis expert

Has been running on demos for a while and performs very nicely. Very steady. To test it in the tester takes FOREVER.
The author offers many experts. When they are still in developmental stage they are free.
When he finalizes them they are very expensive. They sell for $2000 some of them.
Immortalis is still under development but performs very nicely even now and it is still free.
https://www.mql5.com/en/market/product/20098
I have it set up on demo on all the pairs the author recommends.
And live on a mini account for EURUSD

This expert uses a limited Martingale. It calculates risk before entering a trade. It appears to be very sophisticated in how it calculates when to enter and how much to place. Depending on the account balance and equity it not only calculates position size but also whether to enter that particular trade or not based on some priority metrics. As a result there is no instance of any significant loss in testing 9 pairs over the year 2016. There are two versions. The basic which is only recommended for GBPUSD 15 min
and the pro version which is designed to trade a specific basket. Calculating risk along all the pairs in the basket.
Really impressive. These two versions are free and will remain free.
The final edition will be for sale... anywhere from $240 to $4500 which is the price range for the author's other robots.

The expert performed fairly well on the demo. It took on a zilliion positions especially in NZDUSD... All in the wrong direction. But closed them all for a decent profit eventually. But the demo has $10000 to play with.
In the live account it did the same thing but closed all the NZDUSD at a certain point for significant loss. What else is new. There was $500 balance in the live account.
So my conclusion is unless there is large balance this expert will not work properly.
It seems it cannot be set to work nicely on a small balance.
Although it did perform well on a small balance in the tester. But that's the tester...
I will be returning the the fishing ea with big steps...
https://www.forexfactory.com/showthr...=636450&page=3
Ran it again on a demo with $50000 balance and it cut the account balance in half.
This expert is in the developmental stage, I think I see why.

It's losing you money because it doesn't have an edge. It uses the martingale gambling strategy as a crutch to stave off the inevitable. But being inevitable, total account collapse will at some point happen.