SteadyOnFx

I think what most differentiates SteadyOnFx, the vendor of NumberOne, from other developers is that SteadyOnFx is trying to make its EA viable or profitable enough in the live environment while many others don't care if their own EAs are viable with real live accounts or if their customers are actually making money using their EAs.

Ignoring customer's emails is a common conduct with so many developers out there, especially after they sold out enough number of copies. What makes things worse is many developers promote their products saying "hey, you gotta be hurry or this money making machine will be sold out soon!" It is obvious that they made pretty good money by selling their products, not by trading.

I bought NumberOne from SteadyOnFx because I found; they disclosed the stats of their live accounts; and they had been letting other traders try their products before the official release and those others seemed to be making money as well. So it was obvious that those live stats couldn't be fake and, also, the similar results can be achieved by others.

Some people say that the cost of the EA is too high. I don't deny such comments. Like I said in the previous comments, it's too early to judge anything with this EA. If the EA blows up your account, yes, it was waste of your money, but what if it traded splendidly well for you? Then you probably might think what you paid was more than worth. We'll find out.

I'm not too optimistic or pessimistic. Probably the biggest obstacle for this EA is the environment. When I was a news trader, I doubled my money every month, then all brokers started to shut the door to me. It can happen to any profitable traders or systems. In this forex jungle, many wise traders are already aware that to find a right broker is one of the toughest struggles, and it's almost a painful task.

But a good thing is SteadyOnFx is trying to explore this broker maze, and they also let their users openly discuss those things, which would have been quite tough if a trader has to struggle to find the way alone.

So I think that they become an IB with brokers is a healthy business conduct. This way, in order for them to keep getting stable income, helping their users, or providing profitable environment, becomes a part of their business. If they completely rely on one-time payment from purchasers, then just leaving customers behind is the easiest way. This relation is mutually beneficial for vendors and customers alike. When their customers are successful, they will start trading with bigger lots, which eventually brings the vendor steady source of income from IB rebates. Nobody hurts.

By the way, regarding the real outcome, NumberOne traded so well on both NFP and FOMC events recently, and most of its users seems to be happy with it so far. But I don't post my statement for now. Because it's just misleading. It's like an ordinary dubious vendor's catch.

Let's face reality. Showing a couple of good trades proves nothing. According to my backtest, the EA could take heavy losses somewhere in the course. Honestly, it may sound strange, but I would like to see it happen. I also would like to see how it recovers as well. When it survived, I can say that it's a real thing. When such a big drawdown happens, traders are also tested. I know many EA users threw away profitable EAs only after a couple of losses. I had done the same in the past, too.

So there will be many trials ahead. Could be fun, though. We'll see.