In the world of forex trading, it is important to be cautious when evaluating new tools and strategies. One such tool that has recently gained attention is The Most Wanted, an expert advisor (EA) developed by Vitalii Kosov.
The Most Wanted is an EA that is designed to trade three major currency pairs: XAUUSD, EURUSD, and EURGBP. According to its creator, the EA uses a proprietary algorithm that uses advanced mathematical calculations to solve complex problems and optimize performance. While this sounds impressive, it is important to note that the EA is still relatively new and has not been tested in a variety of market conditions.
The backtest results for The Most Wanted are promising, showing profitability with a low drawdown. However, it is important to keep in mind that backtesting is not a guarantee of future success, and market conditions can change rapidly, which can impact the performance of any EA.
Additionally, the fact that the EA is designed by a relatively new developer in the MQL5 community may raise some concerns. While Vitalii Kosov may be talented and innovative, it is difficult to know whether he has the experience and expertise necessary to create an EA that can consistently perform well in a variety of market conditions.
Furthermore, while The Most Wanted doesn’t use risky strategies like Martingale, averaging, or grid, it is still important to approach any automated trading tool with caution. The market is inherently unpredictable, and no trading strategy or tool can guarantee profits.
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