New Aeron Robot And Good Forex Megadroid Results

Posted by | Posted in Automated Forex Trading Systems, Manual Forex Trading Systems, Newsletter | Posted on 13-06-2010

I hope you are having a great weekend. I didn’t add any new robots to the testing portfolio last week, but saw quite a bit of action on the ones I’m currently testing. Megadroid had another good week and the new version of Aeron Robot is also off to a very good start, but other than that there aren’t a lot of good news.

Here are my trading results for the past week:

1. Manual Trading

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

The 1MinuteDaily EA didn’t have a good week and ended up with 4 losing trades and a loss of 6.6%. Some of the trades that ended up as losses were in profit by more than 100 pips at some stage, so it looks like some manual intervention could have made a big difference. I will revise the settings I use this week and see if anything can be improved. I’m trading a different 12 hour range than the original 1Minute Daily system, so this could also be where the problem lies. I know they have released some new manuals recently, so this is a good time to review everything. I’ve been testing the 1Minute Daily EA on this live account for 1 month and after this losing week it is now basically back to breakeven.

2. Robot Testing in Live Accounts

Note: you can view the live account statements on the Live Testing Page.

Forex Megadroid (Using Alpari UK): Had another great week and made 3 winning trades for a profit of 7.18%. Just under 4 months ago Megadroid started off with 2 big losing trades on this live account, but since then it has made 24 winning trades in a row and the overall account is now 37% in profit. No other robot I have tested has produced these type results consistently.

Fap Turbo (Using Gallant FX and Settings From Fap Turbo Expert Guide): For the moment Fap Turbo is still disabled, but I’ve had some good feedback from other Fap Turbo users who use the default settings, so I’m considering giving it another try with small lot sizes.

3. Robot Testing in Demo Accounts

Robovore: As I mentioned last week, I had to restart my Robovore test because my demo account was suddenly disabled by Alpari. The timing of this wasn’t too bad, because the Robovore team also released a major new version on the same day, so it’s a good opportunity to start afresh with this test. No trades were closed last week, but there are 4 open trades at the moment, so there should be some results in the next newsletter. Robovore did go through a rough patch recently, but I can clearly see that the creator of this robot is still dedicated to it’s long term success and I’ve seen some good trades from it over the past couple of weeks.

Forex Enforcer: Made a loss of 7% for the week, resulting in an overall loss of 38% over a period of 6 weeks. The bottom line is, this robot just doesn’t seem to work. I’ll give it another 2 weeks and if there are no positive signs by then it’s time to move on.

Aeron EURUSD Robot: I started the test of the new Aeron robot on a $5000 demo account and in it’s first week it made a profit of 12%. It placed a total of 27 trades, which consisted of 25 winners and 2 losers. We already know that this robot is very profitable, but we also saw that a large drawdown in our previous test resulted in a margin call, so I’m curious to see if this new, safer version is as safe as they say it is.

Forex Harvester: Over the past couple of weeks Forex Harvester has had it’s first losing streak in many months, but last week is made a profit of just under 2% to recover some of the recent losses. The overall account is still down by 11% after 1 month of testing, but if it performs the way it historically did it shouldn’t take long to get this account back into profit.

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.

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