Forex Newsletter – 9 May 2011

I added one new EA to the testing this week – the latest version of Forex Breakout Genius. I removed it from my testing a couple of months ago because it couldn’t make a profit in 3 months, but the owner has assured me that I only tested it during a slow period and asked me to re-test the latest version. I’ve always liked the idea of doing breakout trading with an EA, so I’ve decided to give this one another go.

In other news I’ve decided to stop testing Forex Solomon, Forex Fisher and Forex Cash Compounder. I think I’ve wasted enough time on Rita Lasker’s products and Cash Compounder has just never shown any positive signs in the 2 months that I’ve had it, so I’ve requested a refund.

Here is this week’s performance report.

1. Robot Performance Comments

Forex Combo System had another great week with 14% profit and the overall account is now at +159% after exactly 4 months.

Forex Growth Bot is really starting to impress me with a profit of 18% for the week and 50% for the 2.5 months that I’ve been testing it.

Forex Morning Trade made a profit of 5% for the week, so I hope this means that it is back on track with its earlier performance.

Forex News Trader hasn’t really shown any promising signs so far, but it’s still early days. This EA is expensive and they don’t offer refunds, so my advice is to keep an eye on my test before you spend any money on it.

My revised Top 5 Forex Robots are as follows:

1. Forex Combo System
2. Forex Growth Bot
3. Forex Morning Trade
4. Kangaroo EA
5. Forex Gap Robot

2. Performance on Live Accounts

No robots 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 News Trader: -1%
Wallstreet Forex Robot: +4%
Forex Combo System: +14%
Forex Morning Trade:-+5%
Forex Crescendo: +0%
Leo Trader Pro: -5%
Forex Steam: +0%
Forex Growth Bot: +18%
Kangaroo EA: -9%
Forex Gap Robot: +0%
Forex Breakout Genius +0%

4. Overall Performance on Demo Accounts

Forex News Trader: -2%
Wallstreet Forex Robot: +8%
Forex Combo System: +159%
Forex Morning Trade:+51%
Forex Crescendo: -3%
Leo Trader Pro: +6%
Forex Steam: -1%
Forex Growth Bot: +50%
Kangaroo EA: +15%
Forex Gap Robot: +26%
Forex Breakout Genius +0%

5. Robots That I’ve Stopped Testing

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