Forex Harvester And 1 Minute Daily Testing Started

I have a 3 very exciting things to report this week, so I’ll get right to it..

Firstly, I received an email from Greg Swift at ForexRobotInstall.com about a robot called Forex Harvester. He has installed Forex forex robots for hundreds of customers and like me he has been disappointed by 99% of the products out there. Greg and I have corresponded in the past and I really value his opinion, so when he recommends something I really take notice. Forex Harvester has been around for a while, but for reasons that will become apparent when you visit their website, it wasn’t widely promoted by affiliates. The owner of the product (Mark Marshall) is very transparent about how the robot works and he runs an open forum where traders actively discuss the product and the trades. The bottom line is – people are making money with this robot. I’ve already purchased the product and will provide more details on how it works in the next newsletter.

Secondly, I spent some time over the weekend to set up the 1 Minute Daily manual trading system and was surprised to find that they have now released an EA that trades according to the exact rules of the manual system. I’ve been backtesting this EA all weekend and the results are looking really good, so I decided to test the EA instead of the manual method. The $86 price tag is very reasonable if you consider that it includes the complete manual trading system, as well as the EA. Users of the manual system are reporting very good results, so I’m excited to see how it performs.

Thirdly, I have to say a word about the Aeron EURUSD Robot that I started testing 2 weeks ago. I’ve never seen a Forex robot make 81% profit in 1 week, so this is definitely worth mentioning. There are many positive things that I can say about this robot so far – you can download and test it for free on a demo account, they have a forum where the robot is openly discussed and the developers are very transparent about how their product works. Overall I’m very excited about this robot so far and I look forward to see how it does in the coming weeks. See more details below.

Lastly, I will not be testing TSUBOT as I mentioned last week. I announced this a little prematurely and only discovered afterwards that the product is not really meant for Forex and it doesn’t work on Metatrader either. Apologies for the misunderstanding.

Here are my trading results for the past week:

1. Manual Trading

(Using the 1 Minute Daily System on my LIVE Account)

As I mentioned above, I decided to not trade manually and use the EA they provide instead, but since the core of this product is still a manual trading system I think it will be wise to keep it under the manual trading section. This system places at least one trade per day, so by next week there should be some results already.

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 3 losing trades last week for a loss of 12%. It’s been almost 3 months since I started this real money test and my $500 starting capital is now down to $438. Someone suggested last week that I just stop testing Fap Turbo altogether and I’m really considering that at the moment.

Forex Megadroid (Using Alpari UK): Megadroid has performed incredibly well over the past 2 weeks. Last week it made 3 trades for a profit of 17% and the week before that it made a profit of 10%, for an overall gain of just under 30% in 2 weeks. Megadroid has almost recovered the disastrous loss I had in the first week and my account balance is now back to $470. Another winning week and I could well be in profit again.

3. Robot Testing in Demo Accounts

Forex Robot World Cup (Hirider): Closed no less than 72 winning trades this week and made a net profit of 10%. This recovered a lot of the big losses that were experienced 2 weeks ago, but the overall account is still down by 11%. There is no doubt that this robot closes a lot of small winning trades, but the big losses that occur every now and again makes the risk:reward ration unacceptable to me.

Robovore: Placed and closed 8 trades for the week, but ended up with a small loss of less than 1%. I’ve been running this test for exactly 1 month today and this account has basically gone nowhere. It is currently $9 in profit. I was very excited to test this robot, but I have to say that I’m getting less excited every week. If anyone is having different results with this robot, please let me know.

Forex Enforcer: Made a loss of 1.3% for the week. After 2 weeks of testing this account is down by 5.5%, which is not a good start for a robot that I expected a lot from, but it’s still way too early to draw any conclusions. I’ll test Forex Enforcer for at another 6 weeks before juding it’s performance.

Aeron EURUSD Robot: This robot had another incredible week. It took the account balance from $3180 to $5773 and made a net profit of no less than 81% (no that’s not a typo). After just 2 weeks of testing, this robot has made an overall profit of 92% and it already banked some more profits today which I excluded. I’m not 100% sure how this robot works yet, but it definitely hedges trades and it uses a unique Martingale implementation to average out trades. I’ll update you as soon as learn more about how this EA works.

4. Robot That I’ve Stopped Testing

Please visit the Live Testing Page for more details on each of the robots that failed the test.