Forex Newsletter – 3 October 2011

Posted by Chris | Posted in Automated Forex Trading Systems, Newsletter | Posted on 03-10-2011

This week I added a new forex robot called Paraswing EA to the testing portfolio. As the name suggests, this EA uses a swing trading strategy and if what is stated on the website is true, it will automatically switch between timeframes to find good trends to trade and avoid sideways markets. The creator of Paraswing EA is quite confident in his system, so I’m looking forward to seeing how it performs in this forward test.

The live account is back on track and thanks Wallstreet Forex Robotmade a 4% profit for the week. I’m very impressed by this EA so far and consistent performance it has shown in the demo account definitely seems to continue on the live account. I unfortunately had to restart the demo test of Wallstreet Forex recently, but it made a consistent 10% per month before that. At the moment I would definitely say that Wallstreet Forex Robot is my no1 recommended forex robot.

I’ve also stopped the test of FX Secret Signals and plan to stop FX Steady Growth and FX News Trader to make way for some new candidates.

Here is this week’s forex robot performance report.

1. Robot Performance Comments

My current Top 5 Forex Robots are still as follows:

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

2. Live Account Performance

Active EA’s:

Wallstreet Forex Robot
Shark EA

Click here to see my settings for this account.
See more detailed performance stats through MT4i here.

Weekly Performance: +4% 27 pips)

Starting capital: $500
Current Balance: $575
Overall Profit: +15%
Active Days: 125

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