Forex Robot World Cup Testing Week 2
Posted by | Posted in Automated Forex Trading Systems, Manual Forex Trading Systems, Newsletter | Posted on 08-03-2010
The Forex Robot World Cup was shut down on Friday, but if you were interested in the product and didn’t get a copy I wouldn’t be too worried. I’m quite sure that this product will launch again in a couple of months time and you will probably get access to the original winning robots again, so just be glad that you saved $999 for now and use this time to watch the results that others are getting. I’ll keep on testing it and report on my own results on a weekly basis.
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)
I didn’t spend a lot of time in front of the computer this week and only saw one setup that I was really happy about..this resulted in a small 20 pip profit and a gain of about 1% for the week. This means that I made a profit of around 12% in my second month of manual trading and an overall profit of 7% since I started 2 months ago. I’m very happy with my second month of trading and hope to continue this in month 3.
2. Robot Testing in Live Accounts
Note: you can view the live account statements on the Live Testing Page.
Fap Turbo (Using Gallant FX and Settings From Fap Turbo Expert Guide): Made a 3.68% profit for the week and the account is now 15% in profit after 3 weeks of live trading. My $500 account has grown to $575
Forex Megadroid (Using Alpari UK): Made no trades last week and the account is still 32% down after 3 weeks because of the two big losing trades in the first week.
3. Robot Testing in Demo Accounts
Forex Robot World Cup (LMD Multicurrency): Made a loss of 4.1% for the week and the overall gain is now down from 8% to 4%. Still too early to make any conclusions about this one.
Forex Robot World Cup (Hirider): Made a net profit of 2% for the week, putting the overall account 3% in profit after 2 week. This robot seems to be a very consistent scalper and it has made 32 winning trades in a row since I started testing it.
Forex Robot World Cup (Fusion-V): So far I haven’t had great results with this robot. Last week it made a loss of 4%, which means that overall it is now just under 5% in red figures. A new version with some fixes and new settings were released last week, so I’ll set that one up and see how it goes.
Forex Godfather: Made no trades last week and the overall account is still down by 8.5%.
USDBOT: Due to its Martingale trading strategy and the fact that their website is shut down, I’ve decided to stop testing this robot.
4. Robot That I’ve Stopped Testing
Please visit the Live Testing Page for more details on all the robots that failed the test.
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