Forex Newsletter – 10 October 2011

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

My live account made a good profit of 10% last week and the combination of Wallstreet Forex Robot + EA Shark seems to be working really well so far. As a matter of interest – Wallstreet Forex has made 152 trades so far on the live account with 109 winners and only 41 losers for a profit factor of 1.63. This EA is definitely proving itself to be a very consistent performer.

The Paraswing EA that I started testing last week is also off to a good start with 3 winning trades and 7% profit in its first week of trading. I’m also adding another very interesting (and very expensive) forex robot to my testing today, but I’ll give more info on that once I have it up and running.

Additionally, I’ve decided to include a “New Products” section in my newsletter where I will mention some of the new forex products that are launched and share some comments where relevant.

Here is this week’s.

1. New Forex Products

Forex Income Maximizer
A much anticipated signal service and live trade room launched today by Tom Strignano.

1 Minute Pips
A manual scalping strategy launched by John Meyer that uses the 1 minute chart.

Forex Income Domination
A manual system by Kevin Harris that includes a trend following and scalping strategy.

Digital Pips
A new forex robot that according to the creator (John Cole) generates 92% profit per month.

Turbo Pips
A forex robot by Bill Larson that runs on all major currency pairs.

2. My Current Top 5 Forex Robots

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

3. 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: +10% (30 pips)

Starting capital: $500
Current Balance: $632
Overall Profit: +24%
Active Days: 132

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

4. Weekly Performance on Demo Accounts

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

Forex Combo System: +25%
Shark EA: +0%
Paraswing EA: +7%
Wallstreet Forex Robot: +3%
Million Dollar Pips: +6%
Forex Growth Bot: -2%
Kangaroo EA: +5%
Forex Goldtrader: +0%
Forex Morning Trade: -1%
FX Steady Growth: +0%
Forex News Trader: -1%