Scalping Robot Testing Started

Today I have 2 important things on the agenda:

First of all, I’m very excited to introduce an amazing new forex robot that I stumbled across last week. The product is called Scalping FX Robot and in the past 2 trading days since I activated it on my demo account I have been absolutely stunned by its performance. So far this EA has made an astounding 83% profit since I activated it on Thursday afternoon and at this rate it will double my initial $3000 deposit before the end of the day.

Scalping FX Robot is a true scalper in every sense of the word – it gets in and out of the trades within seconds and it executes a LOT of trades every day – roughly 1 trade every 3 minutes and about 500 trades per day. The most impressive thing about this EA is that it uses a 2-3 pip stoploss, so the risk:reward ratio is fantastic. At $2000 this is by far the most expensive forex robot that I have ever tested, but even at this price I am personally very tempted to purchase an official copy for my live account. I’ve sent off some questions to the creator of this EA, so stay tuned for some more information on this interesting product next week.

The second thing I need to mention today is tomorrow’s launch of the World Class Trading Stars program. Today they released some more information on what their retail offer will consist of and you can read more about the 3 world class traders and their trading systems by visiting the link above. They have also given away tons of free trading systems like The Trendbolt Indicator, The Triple Shot Forex System, The Megabreaker EA and the Maximum Velocity Trading system and you can still download all of these at the link above if you go there today.

All in all I think the World Class Trading Stars course will be a good opportunity for those interested in manual trading. The price will probably be around $1000 and for that you will get 3 proven trading systems with all the support and training that goes along with it.

=> Click Here to Visit World Class Trading Stars

Here is the rest of this week’s report.

1. Other New Forex Products

The Pips Kidnapper
An affordable, step-by-step manual trading system by Brad Dixon that includes live trading signals

Pips Raider
A new forex robot that according to the salespage uses a “loophole” to profit from forex with a 98.14% accuracy.

Point Click Pips
A forex robot that supposedly made $67,000 in 2 weeks from a $1000 deposit.

MBFX Forex System
A manual trading system that was first launched back in 2008 as far as I know.

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: +1% (31 pips)

Starting capital: $500
Current Balance: $640
Overall Profit: +28%
Active Days: 134

Overall profit includes 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: +1%
Shark EA: +9%
Paraswing EA: +7%
Wallstreet Forex Robot: -1%
Million Dollar Pips: +3%
Forex Growth Bot: +1%
Kangaroo EA: +4%
Forex Goldtrader: +0%
Forex Morning Trade: +3%
FX Steady Growth: +0%
Forex News Trader: +1%

5. Overall Performance on Demo Accounts

Forex Combo System: +23%
Shark EA: -6%
Paraswing EA: +14%
Wallstreet Forex Robot: +3%
Million Dollar Pips: +134%
Forex Growth Bot: +108%
Kangaroo EA: +46%
Forex Goldtrader: +0%
Forex Morning Trade: +73%
FX Steady Growth: -12%
Forex News Trader: -8%

6. Robots That I’ve Stopped Testing

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