Forex Signal Safe and Forex Overdrive Testing Started

Last week I added 2 more EA’s to my testing – the first one is forex robot that I’ve had some good feedback about called Forex Overdrive and the second one is a very interesting signal service called Forex Signal Safe. What makes this product unique is that you choose which one of 3 professional traders’ trades you want to copy and the EA automatically places trades in your account accordingly.

The EA doesn’t make any trading decisions of its own, it simply trades according to the trader’s signals. I think this is a good concept and if the traders behind this are as successful as their biographies say then this test should be very interesting. After some quick investigation I have selected a trader called Jeff Allen for my account. You can read more about the 3 traders behind this system and their performance on theForex Signal Safe Homepage.

1. General Comments

Forex Greenbot: After 2 or 3 less profitable weeks this robot came back and made one winning trade after the other for an overall profit of 16% for the week. With an overall profit of 46% in less than 2 months this robot has now become one of the most profitable products that I have tested so far. Rita Lasker has released another update of the EA with new settings, so if you are a member make sure that you run version 1.18.

Forex Crescendo: Towards the end of last week I discovered that I made multiple mistakes in my Forex Crescendo setup. I only activated the EA on one of the two recommended currencies and the TakeProfit setting I used was completely incorrect for my account size. So I decided to restart this test with the standard $3000 that I normally use and this time with the correct settings. I apologize for the inconvenience, but I think this could be one of the forex robots of the year, so I want to make sure that I test it correctly.

Forex Bulletproof: A new “safer” version of this robot was released last week. I doubt that we will se much difference in the way it trades, but we’ll see how it goes. The fact that they are now releasing these updates tells me that the whole story of how the owner has used it to profit for years is probably a bunch of nonsense.

Note: Please visit the Robot Performance Page for more detailed statistics and account statements.

2. Performance on Live Accounts

Forex Megadroid (Weekly): +9%
Forex Megadroid (Overall): +62%

3. Weekly Performance on Demo Accounts

Forex Combo System: -3%
Probability EA: +4%
Forex Crescendo: +1%
Forex Greenbot: +16%
Fish Forex Robot: +6%
Forex Bulletproof: +3%
Forex Overdrive: 0%
Forex Signal Safe: 0%

3. Overall Performance on Demo Accounts

Forex Combo System: +7%
Probability EA: +16%
Forex Crescendo: +1%
Forex Greenbot: +46%
Fish Forex Robot: -9%%
Forex Bulletproof: +6%
Forex Overdrive: 0%
Forex Signal Safe: 0%

4. Robots That I’ve Stopped Testing

Please visit the Robot Performance Page for more details on robots that I’ve stopped testing.