Answer from Support:
Dear Andy Jacobs,
We sincerely apologize for the recent losses of Forex Gold Investor. We understand the inconvenience this has caused, and we take full responsibility for the issue.
The Friday drawdown, was quite unexpected, especially considering our thorough testing and successful live performance thus far.
With more than 9 years of live trading accounts and over 20 years of rigid backtest results, we had not encountered such a force majeure event before in either live trading or backtests.
We’re currently developing a new update for Forex Gold Investor.
The update will contain enhanced protections against such force majeure events, including setting a daily maximum drawdown as a percentage of the account equity and other safeguards.
It will be released in the coming few days. We are confident that these measures will elevate Forex GOLD Investor to one of the safest EAs available on the market. And all the losses will be compensated quickly.
Thank you for your understanding!
“Why the ea always Set the lot to 2%?”
– The system 2 sometimes double the risk due to the trading logic. Perhaps this is the reason why you get 2%. You can disable this by settings Add_Lot_Multiplier=0
“Why the ea doesn’t Stop to trade, when hitting the 4%?”
– The current dd protection parameters works only if you trade with other EAs on the same account and when the dd is at danger the EA just stop trading but it doesn’t check its own trade. But the new update will provide more flexible options to control this.
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P.S. You can follow the progress on the updated version of Forex Gold Investor on our blog: https://www.forexgoldinvestor.com/blog/taking-action-improvements-coming-to-forex-gold-investor-after-recent-drawdown-6</p>
Profanity deleted…