Forex inControl 3.0 EA

🔍 Core Strategy

• Grid + Martingale Hybrid
  The EA opens an initial contrarian trade (against the trend), then adds positions if the market moves further against it. Each subsequent position increases in lot size based on distance from the last entry—true to both grid and martingale principles.

• Contrarian Entry Style
  It waits for a retracement—e.g., 30 pips—before entering additional positions, aiming to close all positions collectively for about 65 pips profit.

• Swing Trading on M30 Timeframe
  Designed primarily for the M30 chart, the EA usually holds trades for several days (average trade length ~6 days).

• Currency Pair Focus
  Initially advertised for AUD/USD and EUR/GBP, though some developers advise avoiding EUR/GBP due to instability (e.g., Brexit-era volatility).

⚠️ Risk & Drawdown Profile

• High Maximum Drawdown
  Backtests report drawdowns around 24–29%, while real account data shows drawdowns as high as 38–39%—far above typical trader comfort levels.

• Aggressive Accelerator Mode
  An optional “accelerator mode” increases trade volume and frequency, offering higher returns but significantly elevating drawdown risk.

📈 Performance Overview

• Backtest Results

  • EUR/GBP (M30, 2013–2016): ~$10K → ~$113K profit, 24% drawdown, profit factor ~3.5 with ~83% win rate on shorts and ~69% on longs.

  • AUD/USD (2003–2018): ~$10K → ~$265K net, drawdowns of 21–27%.

• Live Verified Results
  On FXOpen via Myfxbook (since Feb 12, 2018): ~$1K → +1160% gain over ~190 trades; monthly returns ~6%, drawdown 38.8%, ~71% win rate.

• Performance Decline Over Time
  Some reviews highlight that live performance is less impressive than early backtests—suggesting diminishing returns.

✅ Summary Table

⚠️ Final Takeaway

Forex InControl EA is aggressive and complex, built around a grid + martingale strategy that aims for swing-trade gains but exposes you to extremely high drawdowns. While backtests and early live stats may look attractive, the overwhelming consensus from independent sources is that it carries significant risk and lacks transparency. If you prefer safer, more sustainable strategies—or are new to EAs—this one may not be suitable.