Forex Newsletter – 14 March 2011

Posted by Chris | Posted in Automated Forex Trading Systems, Newsletter | Posted on 14-03-2011

Before we get to today’s robot testing report I would really appreciate your opinion on something..

I’m thinking of launching a new Premium Forex Robot Testing service. This service will be similar to my current free robot testing, but on a much bigger scale, with a lot more benefits to the subscriber. Here are some of the features that I’d like to include:

1. A lot more forex robots will be tested than the ones I currently have in my free service.
2. Detailed stats and performance comparison charts that are updated in realtime.
3. Portfolio accounts that utilize multiple forex robots with custom settings.
4. At least 3 live accounts running the forex robots that performed best in testing.
5. Weekly updates about news releases to avoid, optimized settings to use etc.

And much more..

The cost of this service will be $29.95/pm and my goal is to make it the number 1 forex robot testing service online.

However, before I start developing this I need to get an idea of how many people will be interested in such a service. So I decided to set up a 1 question survey to get some feedback from my existing subscribers. All you need to do is click on the link below, answer (yes) or (no) to the question and you’re done!

==> https://spreadsheets.google.com/viewform?formkey=dHdKZ2pGQVhwa3BJYXhwQjNZenhaN1E6MQ

This will give me an indication if this project is worth pursuing or not, so I would really appreciate your reponses on this. You are also welcome to send me any comments or suggestions you have via email.

With that said, here is today’s robot testing report.

1. General Comments

I added a new forex robot called Forex Cash Protector to the test portfolio this week. I’ve heard some good feedback about this product, so I hope it performs well. The sales page and installation manual of this product is a little messy, but I think this can actually be a good sign.

The stats shown below for Forex Growth Bot is a little misleading. Even though the closed trades have made a loss of -18%, there are 4 open trades showing large profits, so the net position actually looks a lot better than it seems. I guess we’ll have to wait and see how things develop when these trades close.

My current Top 5 Forex Robots remains unchanged at:

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: -15%
Kangaroo EA: +1%
Leo Trader Pro: +0%
Forex Morning Trade:-6%
Forex Fisher Robot: +0%
Forex Combo System: -1%
Forex Crescendo: +1%
Forex Gap Robot: +0%
Forex Solomon: +0%