Forex Newsletter – 9 March 2011

Posted by Chris | Posted in Automated Forex Trading Systems, Newsletter | Posted on 09-03-2011

Firstly, apologies for the late newsletter this week..I had a bit of a long weekend and only got back to work today. I didn’t have time to add any new forex robots to my testing portfolio this week, but look out for some new ones on the list next week. For those who purchased Elemental Trader last week – I’m almost finished testing the money management EA that I developed and I will send your copy to you before the end of the week.

Without further ado, here’s today’s robot testing report.

1. General Comments

I have to say that I’m very impressed by the Forex Morning Trade EA so far. It uses a simple breakout strategy similar to the 1 Minute Daily system I tested a while ago, but it includes some filters that increases the success rate tremendously. This EA has made 27% profit in the 2 months that I’ve been testing it and this includes 2 consecutive losses last week. The two other performers are Forex Combo System and Forex Crescendo, which both made more than 20% profit in the past 2 months. If I had to choose an EA for trading on my live account right now I think it will be one of these three.

My Top 5 Forex Robots have been revised to look as follows:

1. Forex Combo System
2. Forex Crescendo
3. Forex Megadroid
4. Forex Morning Trade
5. Leo Trader Pro

2. Performance on Live Accounts

No robot are running on live accounts at the moment.

3. Weekly Performance on Demo Accounts

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

Forex Steam: +0%
Forex Growth Bot: -4%
Kangaroo EA: +2%
Leo Trader Pro: +0%
Forex Morning Trade:+8%
Forex Fisher Robot: -2%
Forex Combo System: +5%
Forex Crescendo: +3%
Forex Gap Robot: +0%
Forex Solomon: -5%