Forex Decimator
Posted by admin in Product Launch on August 19th, 2009
FOREX DECIMATOR was launched on 18th August 2009 this EA is a is a swing-weekly-trader,which means that it makes only a handful of smart trades to obtain the most stable results. It is therefore apparently a lower risk Forex Robot than most others on the market. Acording to the sellers this EA:-
● Works best with its default settings. The user does not have to change or edit a thing. This EA is ready to be used – straight out of the box!
● Totally profitable and safe for use with all account sizes.
● Tested and proven to make great profits with minimum risk in ALL MARKET CONDITIONS. No matter what the market is doing the EA will maintain the same positive performance.
● Built specifically to excel in the volatile and testing economic conditions of 2009, using up-to-date methods and strategies.
● Built-in money management rules means that the user need not worry about making any manual changes or seeing his profits be wiped out in one bad trade.
● Broker friendly. This is not a scalping system, therefore the user will have absolutely no problem at all with any brokers using dirty tricks to prevent users trading with it.
● Totally automatic. Just run the EA… and forget about it….
We will be adding this EA to our test site to check how valid these claim are.
VISIT SITE for more details
Week 25 Forward Test Results
Posted by admin in Weekly Reports on August 17th, 2009
Forex Shocker again ended the week in front of the pack for the fifth consecutive week. It has produced 245 winning trades out of 260 trades which is pretty remarkable. It has increased equity in the account by 83% (annualised 2134%). At the current growth rate Forex Shocker should make an impressive $22,010 off a base deposit of $1000!. It has delivered some good performance ratio’s. The sterling ratio has Shocker at 3.16. See detailed report
Ivybot started to trade more actively last week and has delivered an equity growth of 24% in 3 weeks. More impressive are the ratio’s it is producing – the sterling ratio is 285.10%. See detailed report
Forex Gridbot is in the third slot with a 43% growth in equity (702% annualised.It however has a negative Sharpe ratio indicating it’s volatility. Ideally the Sharpe ration should be above 1.0.
Forex Winalot continues with an impressive track record as a reliable trend following system with a consistently high win rate. It has a Sharpe ratio of 14.8 which is very good. This should prove to be a good long term play.
The Best Forex Robots – Week 24
Posted by admin in Weekly Reports on August 9th, 2009
Forex Shocker has been our top performing EA for the past four weeks based on annualized equity growth. It has produce 84 winning trades in a row which is a remarkable performance for an automatic trading machine. It has increased equity in the account by 57% (annualised 1253%). At the current growth rate Forex Shocker should make an impressive $12,531 in a year – not bad on an initial deposit of $1000!
Forex Transformer is again in our top ranking taking second place. It has grown by 37% which translates in an annualised growth of 378%. It is designed to profit from both down trending and up trending markets, even when there is no clear direction.
Forex Winalot is developing an impressive track record as a reliable trend following system with a consistently high win rate. The EA places one trade per day which has an 80% probability of success based on historic performance. It has produced an impressive 26% growth in the account in a few weeks (371% annualised) .
Fractal Wizard is running on Version 4 which is proving itself to be safer and more consistent that the earlier versions. It has grown the account by an impressive 74% since the start of our test making it the biggest absolute profit earner. It is a breakout system which are still among the most profitable type of system to trade and can be traded in most markets.
Ivybot which was added to our testing site last week has yet to place a trade. I questioned their help desk and received this answer from them
“The fact that you have seen little trading is perfectly normal. IvyBot trades mostly in trending markets. Please take a moment and look at the default Take Profit parameters for Ivybot, most of them are relatively high (around 80-100 pips). Ivybot is waiting to enter a trade where it can capture around 90 pips in a single trade. Picking exact points takes a little time. Ivybot has had around 120 trades so far this year (all 4 together) and we see no reason for the second half of the year to be any different. Please make sure you keep your system running at all times and that you are using a recommended broker. We have seen most success on the BasicFX platform. You will begin to see trades soon. Ivybot is a very unique system and we are sure you will be happy with it.”
Lets wait and see what happens
Forex Accumulator which was launched recently with much fanfare has not had a very good start on our test. It is down by 2.5% but it is early days.
THE BEST FOREX ROBOTS AFTER WEEK 23
Posted by admin in Weekly Reports on August 1st, 2009
Forex Shocker has continued its upward trend and remains our top Forex Robot of the year on annualised earnings growth. It has increase equity in the account by 44% (annualised 1047%). It handles six currency pairs (EUR/USD, GBP/USD, USD/CHF,EUR/GBP, EUR/CHF and USD/CAD) and uses a state-of-the-art neural network algorithm which allows it to adapt to changing market conditions. The great thing about this EA is the low number of losing trades it makes. An update to Forex Shocker was released two week ago and is proving itself to be a more consistent trading machine than ever before.
Forex Winalot is proving to be a reliable trend following system with a consistently high win rate. It has a sophisticated algorithm generally only available in much more expensive systems. The EA places one trade per day which has an 80% probability of success based on historic performance. It has produced an impressive 26% growth in the account in a few weeks (525% annualised) .
Fractal Wizard is back up and trading with the latest Version 4 release. I am very impressed with this EA which remains one of my favourite expert advisers. The new version is safer and more consistent that the earlier versions. It has grown the account by a staggering 70% since the start of our test making it the biggest absolute profit earner. Fractals-4 combines a High Volatility Breakout Trading system which trades during the European trading hours along with a Low Volatility Breakout Trading supplementary style which trades after US market closes. Fractals-4 has been tested to work on EURGBP, EURUSD and GBPUSD.
Forex Revolver
Posted by admin in Product Launch on July 21st, 2009
The FOREX Revolver™ trading method is simple yet highly effective. The EA automatically enters, exits and places stop loss and take profit orders. Entry and Exit signals are both based on the Revolver Impact Indicator, supplied with the trading package.
Entries Entry is issued in the following way:
- Long: Enter Long trades if the Revolver Impact Indicator has turned from Red to Blue. Wait until the bar to close and enter.
- Short: Enter Short trades if the Revolver Impact Indicator has turned from Blue to Red. Wait until the bar to close and enter.
This is a stop‐and‐reverse system – that is, exits are always correlated with the entries. Each time the Revolver Impact Indicators reverses its colors we will close our existing positions and open one in the reversed direction.
- Stop Loss Stop Loss is set 200 pips from entry price.
- Take Profit Take Profit is set 400 pips from entry price.
Money Management
Money management rules are crucial for this, and for any system you will be trading.
- Rule #1 Decide on a trade size you are comfortable with and do not change it for several trades. Changing your trade size based on results of your last trades is a fatal mistake for every trader, and could have been the reason for past losses. Last trade’s results should not, under any circumstances, alter your trading size.If you change your trading size after a streak of losses or wins, you will lose the ability to win back your losses, and will ultimately destroy your trading account. Remember this rule.
- Rule #2 Never risk more then 3% of your Equity on a single trade. Choose a number between 1‐3% that you are comfortable risking, and stick to it as your trade size. This will ensure your survival even if tough times and will give you the opportunity to recover from your losses and return to winning with the FOREX Revolver™ Trading System.
We have added Forex Revolver to the test site and will report results shortly
Forex Humanoid
Posted by admin in Product Launch on July 21st, 2009
Forex Humanoid has been designed to combine the best elements of the three main kinds of system, with the aim of maximising on there feature but minimizing the risks that can be found in each one.
- Scalpers are Expert Advisors designed for very short term trading to take many small profits from the market, moving in and out of trades so quickly that they are not even noticed. There are many scalper out there but many do poorly due to bad money or risk management. The developers of Forex Humanoid have tried to capture the benefits of scalping but without the risks by combining elements of others Forex Robot strategies
- Intraday traders are at the other end from scalpers as they are really manual trading systems that have been turned in to an automated version.
- Long term traders are not used by many traders as they are slow traders and most people are too impatient to allow them time to work. Some may perform as few as 5 trades a year but because they wait for the exactly right signals they generally do produce very good results. This is what Forex Humanoid takes from the long term trader.
Forex Humanoid will trade more frequently than the usual long term trader but it won’t necessarily trade every week, as it looks for the right trade, giving the trader as much safety as possible.
We will be adding Forex Humanoid to the test site shortly to check if these claims are true or not
NFA Rules and Impact on MT4 Trading
Posted by admin in Latest News on July 21st, 2009
Many traders have express concern about the New NFA rules on hedging and last in and first out see – NFA Ruling on Last In First Out . FIFO accounting means that if a trader has a position in a currency pair that was formed by the combination of two orders, when the trader goes to close out a portion of that position, the first order in will have to be the first order closed.
This ruling will significantly affect the use of Stop Loss and Limit Orders on open positions. This change will impact a number of trading styles especially those using the following strategies:
- Grid Trading
- Martingale
- One Cancels Other (OCO) orders
To be safe you may want opt for a non USA Broker until there is more clarification on the impact of these changes.
Week 21 Results
Posted by admin in Weekly Reports on July 18th, 2009
The relativley unknow Forex Winalot has gained top ranking on our forex robots test. Winalot EA a trend following system with a consistently high win rate. It has a sophisticated algorithm generally only available in much more expensive systems. The EA places one trade per day which has an 80% probability of success based on historic performance. It looks at the market trend and places a buy or sells automatically on your MT4 broker account. Winalot places an automatic stop-loss and a take profit value for the trade, and will automatically calculate the position size based upon a number of factors including a risk factor that YOU control. It will then automatically close the trade at the appropriate time on autopilot. This robot does not need to start with large account balance an traders can start trading with just $200 in a micro account.
Forex Shocker continues as one of our top 3 EA’s proving it’s consistency. It handles six currency pairs (EUR/USD, GBP/USD, USD/CHF,EUR/GBP, EUR/CHF and USD/CAD) and uses a state-of-the-art neural network algorithm which allows it to adapt to changing market conditions. It therefore cannot become obsolete like many other robots. An update to forex Shocker was released last week which should make this an even safer Forex robot.
Forex Transformer has performed extremely well every week. It has a solid artificial intelligence engine that accurately predicts winning trades which has heled it remain high in our rankings.
Week 20 Results
Posted by admin in Weekly Reports on July 12th, 2009
Forex Shocker was the top performer of Week 20 and is now up 30% and 1492% on an annualised basis.
Winalot EA has been performing well and now finds itself in 2 position. It has gained 20% since it was added to the test on June 17th 2009.
Fractal Wizard was put on hold pending 4 which is being launched this week. It will be truned on again when the new EA is received. It has gained 60% since the start of the test in February 2009.
Forex Transformer recovered this week and is back in position 3.
4
Forex Monster
Posted by admin in Product Launch on July 8th, 2009
The Forex Monster was launched this week with much fanfare. This EA was developed by Nick Simmons who took almost 7 years to develop this Forex Robot, based on his own experiences and those of over 3,000 real-life Forex traders. It is a trend trader and will only make around 60 trades a year.
With this EA he claims to have made gains like $3,400 in 2 days and $1,400 from one trade.
The key feature of the Robots are:-
• is fully automatic and requires no decision making whatsoever,
• consistently catches the main trend with accuracy
• designed for people working full time with little capital or prior knowledge of Forex
• is thrives in markets that cripple other Robots
He refers to his Robot as a dual-layer tested robot which was designed for the current volatility in the markets. Test show that it has made 400% in 2009 so far and should build to 850% return for the full year.
The web site claims that Forex Monster is:-
• The Only Forex Robot Designed for the volatility of 2009
• risk free – test it for 8 weeks.
• a dual-tested, rock-sold robot, proven to pull in massive cash windfalls
• easy to use – plug ‘n play installation
• able to start with low capital – can start with just $100
• Is a long term trend trader