Hi David,
Thanks for adding the link. Petko changed the strategy about 12 days ago in THE COMPLETE FTMO CHALLENGE COURSE but it too has been losing over the last two months. He has not yet updated the course since then.
Here is the monthly performance of one of my EAs:
All EAs will go through a period of drawdown where it will not make any profit for a month or so. Notice after going through a drawdown the following months are usually quite profitable. So times when I start a prop firm challenge I go through the whole month losing and the account ends up as a failure. I then repeat the challenge and usually on the second or third time I pass the challenge. I have just started a new Evaluation with MFF (same as FTMO Challenge phase). You can find it in the forum on Prop Firms. There you can read my plan. I plan on updating it weekly with my results. I encourage you to follow along to see how I progress.
What I am trying to share is that nothing is perfect not even EAs. They will all go through a period of drawdown and the better-created EAs will then come back with several months of profit. Here is the performance of one of the EAs I am using in the MFF Evaluation:
As you can see this EA has been profitable for one year. I show you this to show you can create your own EAs that perform well using EA Studio. Also, notice there were three months where the profit was quite small, notice how much profit it made in the following months. Again this shows that after periods of low profit or drawdowns, the following months are usually quite profitable. So, don’t give up on EAs, in the long run well created EAs are very good at generating profit.