Forex Newsletter – 30 January 2012
Posted by | Posted in Automated Forex Trading Systems, Newsletter | Posted on 30-01-2012
Greetings and best wishes to a successful week of trading!
Last week we launched a new Rankings section of the website allowing you to write your own ratings of robots to provide your insight, as well as to gain insight from your peers. We’ll continue to do our best to write unbiased reviews based on our experiences, but we believe the insight of your peers in combination with our feedback will be invaluable.
As part of the Rankings launch, we announced an incentive to encourage the number of early reviews (the site is only as good as the number of reviews and feedback we receive). I purchased 200 Robot Reviver licenses that I’m giving away for FREE simply for leaving a review (make sure to enter a valid email address so I can get you access).
Robot Reviver is valued at $59.95 and is a course that teaches you how to repair your “broken” Forex robots so you can continue using them even after they’ve met the typical ‘critical mass’ tipping point. Be sure to visit the Rankings page and leave your review: http://rankings.fxtradingreviews.com
Finally, I received a notice this week from Trader Kingdom that Mark Soberman from NetPicks will be hosting a free webinar on Wednesday at 4:30ET called “How To Translate ‘Screen Success’ Into Real-Time Trades”. If you are interested, here is a link to sign up for the webinar.
1. New Products Worth Checking Out
Forex Proteon is a new robot based on “dollar cost averaging”. The sale pages claims they “developed a mathematical algorithm to calculate the optimum performance for placing a second trade when you want to average your entry price”. The robot runs on multiple currency pairs and is able to work with any Forex broker that supports MT4 and Expert Advisors. Here is a link to their MyFXBook started on January 23. The robot sells for $129 and they offer a 30 day money back guarantee.
Forex 5 Stars is the latest system released by Rita Lasker. The sales page says this “isn’t a robot that trades on its own. Each trader will show different results and it all depends on the trader himself.” They offer the option to trade middle-term (one signal every 2-3 days) or long-term (one to three month trends). They do not provide any verifiable results, instead summarizing their results for January as a net profit of $19,620 by using 6 pairs (lot 1.0). They are selling the system (with two giveaways) for $75 until February 1, with a 60 day money back guarantee.
2. My Current Top 5 Forex Robots
No changes in our Top 5 Forex Robots this week. If you haven’t already downloaded the Ultimate Forex Robot Cheatsheet, be sure to get your copy now! You’ll see the logic for our top robot rankings along with tips for the beginner and expert Forex trader.
- Forex Growth Bot
- Million Dollar Pips (EURUSD)
- Forex Overdrive
- Wallstreet Forex Robot
- Forex Megadroid
3. Live Account Performance
As I mentioned last month we are Live Account trading Wallstreet Forex Robot, Million Dollar Pips and Forex Megadroid at 3 different brokers – Alpari, MB Trading and Oanda. Check out the Forex Robot Performance Page daily to see how the trades progress.
4. Weekly Performance on Demo Accounts
Note: Please visit the Robot Performance Page for more detailed statistics
Here’s the latest performance form last week on a few leading EA’s.
Forex Combo System: +5%
Shark EA: 0%
Paraswing EA: +2%
Wallstreet Forex Robot: +4%
Million Dollar Pips: 0%
Kangaroo EA: 0%
Forex Morning Trade: 0%
5. Overall Performance on Demo Accounts
Forex Combo System: +28% (+248% on prior test)
Shark EA: -5%
Paraswing EA: +17%
Wallstreet Forex Robot: +9%
Million Dollar Pips: +207%
Kangaroo EA: +52%
Forex Morning Trade: +24%
Remember, check the website to track the daily performance of the leading Forex Robots – these are updated throughout the day. We’re encouraged by the status of the new Live Account tests.
Finally, please visit the Rankings section of the website to read input from your peers and also to leave your feedback on robots you’ve had experience with in the past.









