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Last week I finally funded my two live accounts and started the real money testing of Fap Turbo and Forex Megadroid. Unfortunately, my timing on this could not have been worse.. About an hour after I activated Megadroid, it made it’s first losing trade in months, followed by another losing trade the next day…this reduced my account by 35% over night. Most Megadroid users (including demo accounts) experienced these losses, so overall it was a very bad week for this robot. Luckily Fap Turbo was off to a better start..see more details below.

After careful considering I’ve decided to purchase a copy of the Forex Robot World Cup after all. I believe that this product will be around for a long time to come and while the price is quite high, I don’t think any testing portfolio would be complete without it. I’ll set things up over the next couple of days and report back by next Monday.

Here are my trading results for last week.

1. Manual Trading

(Using the Trading in the Buff the method on my live Account at IBFX)

Due to other commitments I only took 2 small trades last week, but they were both profitable and I ended up with a profit of 1.5% for the week. At the moment I am about 3% in profit after 7 weeks of live trading with this method. This is not a fantastic result, but better than expected if you considering all the mistakes that I made in the first 2 weeks. Manual trading just takes a bit of practice, no matter how simple the system you are using.

2. Robot Testing in Live Accounts

Forex Megadroid (Using Alpari UK, with Aggresive=False and RiskLevel=0.30): After 1 week of trading with real money, this account is down by -35%.. very disappointing. Based on past results Megadroid will recover from this, but it will take quite a while. The $490 starting capital is now down to $318.

Fap Turbo (Using Gallant FX and Settings From Fap Turbo Expert Guide): Fap Turbo had a much better start than Megadroid and ended up with a profit of 10.47% in it’s first week. The $500 account grew to $552.35 and the commission based price feed from Gallant FX seems to work really well for the scalper. I decided to not use the long term Fap Turbo strategy until I have built up some more capital.

3. Robot Testing in Demo Accounts

Forex Godfather: Made 2 winning trades this week for a profit of 300 pips and 11%. This takes the overall account 0.5% into profit for the year. I’m glad it recovered it’s previous loss, but it’s still hard to draw any conclusions about this robot.

FX Broker Buster: Finally had a profitable week and made 11 proitable trades in a row for a profit of 5.8%. The overall account is still down by -5%, so we will see if it can recover from this.

USDBOT: Made a profit of 3% for the week. The overall account is 11% in profit after 2 weeks, but due to its risky Martingale strategy I would not recommend this robot to most traders.

4. Robot That I’ve Stopped Testing

Please visit the Live Testing Page for more details on each of the robots I have stopped testing.