FX Secret Signals Testing Started

Posted by Chris | Posted in Automated Forex Trading Systems, Newsletter | Posted on 18-07-2011

The biggest news for today is that I have finally added a Signal Service to my testing portfolio. The product is called FX Secret Signals and it’s owned by a professional trader called Peter Hamilton, who I have had some email contact with over the past week.

The great thing about this systrem is that it’s very well designed and 100% automated. It comes in the form of an Expert Advisor just like any forex robot on the market, but the difference is that there is an actual human making intelligent trading decisions behind the scenes. Independant tests of FX Secret Signals at places like Forex Peace Army show impressive results so this should definitely be interesting.

Here is this week’s forex robot performance report.

1. Robot Performance Comments

Forex Combo System had an excellent week on the live account and made a profit of 16%. Overall the account is now 23% in profit after 45 days, which is not bad at all. Out of the 3 strategies that Forex Combo uses I think I like the breakout one the most because of its attractive risk/reward ratio. This strategy uses a 60 pip stoploss and a 300 pip profit target, with a money management system that includes a move to breakeven and trailing stoploss.

Forex Morning Trade seems to be slowly giving back all the gains that it made during early testing. I’m not quite sure why, but I’ve seen this type of thing before with other London Breakout systems (like 1 Minute Daily) – they go through periods where they are insanely profitable for months and then all of a sudden they just stop working. I really like the Forex Morning Trade product though, so I’ll give it some more time to prove itself before making any harsh decisions about it.

My revised Top 5 Forex Robots are as follows:

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

2. Live Account Performance

Click here to see my settings for this account.

Weekly Performance: +16% (13 pips)

Starting capital: $500
Current Balance: $514
Overall Profit: +23%
Active Days: 45

Overall profit include trades that have been closed in this week.

3. Weekly Performance on Demo Accounts

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

Forex Combo System: +11%
FX Secret Signals: +0%
Forex Morning Trade: -1%
Kangaroo EA: +4%
Forex Growth Bot: +0%
Forex Goldtrader: +0%
Million Dollar Pips: -1%
FX Voodoo: +21%
Forex News Trader: +1%
Wallstreet Forex Robot: +3%
Forex Steam: +2%
Forex Gap Robot: +0%
Forex Breakout Genius +4%