Forex Combo System Performing Well

I didn’t add any new robots to my testing portfolio this week, but I’m definitely getting a copy of the new Forex Fisher that will be released this week. I’m not sure when exactly it will be launched, but I hope it will be either today or tomorrow. Join me on Twitter for the latest news on the news Forex Fisher robot or check next week’s newsletter for more information.

The bad news for the week was that Forex Megadroid hit a large stoploss on Wednesday and ended up making a loss of 27% in a single trade. This is unfortunately how Megadroid works – it will have 20 to 30 winning trades in a row and then one big losing trade that wipes out a lot of those profits. The overall profit is now back down to 47%, so it will unfortunately take quite a while to make up for this loss.

1. Forex Robot Comments

Forex Combo System: After 55 days of testing the Forex Combo System has made a profit of 8%. In the long term it looks like this product will make a steady profit of 5% per month with the current settings, which is very good considering that I’ve only risked 2% per trade up to this point. I’ve decided to increase my risk to 5% per trade because I think this is more inline with what the average customer will use.

Probability EA: Has made a profit of 8% in 69 days using a risk of 5% per trade. This EA won’t double your account, but it’s been a steady earner and it’s definitely a good candidate for a live account, especially if you plan to use a portfolio of robots. The maximum loss that the Probability EA has made has only been 1% so far.

Forex Overdrive: This robot made 8% profit last week and an overall profit of 49% over the 3 weeks that I’ve been testing it, but if you look on the Robot Performance page below, you’ll see that there are 2 open trades in a large drawdown. These trades could wipe out all previous profits plus and then some, so by next week the picture might look a lot different. There is no doubt that this robot has a very high success rate, but I’m afraid that the risk:reward ratio is just not acceptable for trading with real money.

Forex Crescendo: People are seeing different results with Crescendo, but my copy is definitely not doing so well at the moment. There are currently 10 open trades and the combined drawdown for my account is about 27%. I’ve been trying to talk to Andrea Salvatore regarding this, but haven’t seen him on Skype for the past week..I’ll see if I can get hold of him this week and report back.

Forex Quattro: I’ve only been running this robot for a few days, but it’s off to a good start with a profit of 2% for the week. I’ve had mixed reports from other users of the EA, so I’m looking forward to seeing how things go with my own test.

Forex Bulletproof: This EA seems to be make a steady profit of 5% per month, but the evidence of Martingale still makes me very wary. I’ll see if I can get more information on exactly how this robot uses Martingale, just in case it’s not as risky as I think.

Note: Please visit the Robot Performance Page for more detailed statistics

2. Performance on Live Accounts

Forex Megadroid (Weekly): -27%
Forex Megadroid (Overall): +47%

3. Weekly Performance on Demo Accounts

Forex Combo System: 1%
Probability EA: -4%
Forex Crescendo: +1%
Forex Greenbot: +1%
Fish Forex Robot: +4%
Forex Bulletproof: +1%
Forex Overdrive: +8%
Forex Signal Safe: +3%
Forex Gap Robot: +0%
Forex Quattro: +2%

4. Overall Performance on Demo Accounts

Forex Combo System: +8%
Probability EA: +8%
Forex Crescendo: +11%
Forex Greenbot: +40%
Fish Forex Robot: +7%
Forex Bulletproof: +10%
Forex Overdrive: +49%
Forex Signal Safe: +3%
Forex Gap Robot: +0%
Forex Quattro: +2%

5. Robots That I’ve Stopped Testing

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