Fish Forex Robot Testing Started

I couldn’t find much time to investigate new Forex products this week, but I did find one robot that looked quite interesting. The Fish Forex Robot is a product by Rita Lasker and if you visit their homepage, you’ll find a sales page that doesn’t contain the usual hype and unrealistic promises that we see so much with Forex robots.

I couldn’t find any negative feedback about Rita Lasker’s products, so I decided to purchase the Fish Forex Robot and see what it’s all about. It has made 3 profitable trades so far, so it’s definitely off to a good start. More details below.

Here are my trading results for the past week:

1. Manual Trading

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

The 1 Minute Daily EA had a bit of a tough time with false breakouts this week, but it still managed to close on Friday with a net profit of 42 pips for the week. This system may require a bit of fine tuning and experimentation, but I still think it’s one of the best products out there. You effectively get a manual system and a Forex robot for $86, which is cheaper than most of the products that are launched today. The one thing that I really like about this EA is that it’s not a black box type of product like all the other Forex robots on the market..the strategy is clearly explained and you know exactly how it operates.

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 1 winning trade this week for a profit of 5%. One week from today this account will be 5 months old and Megadroid has so far made an overall profit of 50% over this period. It has taken 29 trades so far, of which only 2 were losers. Based on this it is quite clear that Megadroid only takes about 6 trades per month if you disable the aggresive strategy (as I have). The 90% success rate and consistent profit of 10% per month definitely makes up for the lack of trading though.

Fap Turbo (Using Gallant FX and Settings From Fap Turbo Expert Guide): For the moment Fap Turbo is still disabled

3. Robot Testing in Demo Accounts

Fish Forex Robot: This robot is off to a good start with 3 winning trades and a profit of 1% in its first week.

Aeron EURUSD Robot: As I mentioned last week, my trial copy of Aeron robot expired, so I contacted the vendor and they kindly offered me a test version that doesn’t expire. I installed this on Tuesday and since then it has made 5 winning trades for a profit of 1.5%. Unfortunately there is one open trade in a large drawdown of more that 500 pips, so we’ll have to see how that one turns out.

Forex Harvester: Managed to grab a few pips from the Monday morning gaps and ended up 0.5% in profit for the week. After 2 months this account is still 3% in the red, but it’s slowly recovering and will hopefully be in profit soon.

Robovore: Closed no trades this week, so nothing to report on. The account is just over 2% in the red after just about 1 month of tesrting the new version. I’m quickly running out of patience with this robot, so it will probably move to the failed list soon.

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.