Fly Higher EA has demonstrated consistent profitability in both backtests and live trading scenarios. It excels in trending markets, particularly during high volatility sessions, capturing significant price swings. However, it may struggle in ranging or choppy markets, where false signals can lead to temporary drawdowns. During the testing period, the drawdowns were moderate and mostly occurred when the market shifted from a strong trend to a consolidative phase. The EA’s built-in risk management features, including maximum drawdown limits and stop trading periods, help mitigate the risks associated with sudden market reversals.
