I hope you had a great week of trading and best wishes this week!

This week was an active week for FXTradingReviews in the world of social media! I wanted to be sure to summarize everything for you to ensure you are aware of the resources and following us:

• This week I set up a Facebook page for FXTradingReviews – www.facebook.com/fxtradingreviews and have integrated our content with the site.
• Be sure to Like us to get all of our updates!
• I added the Facebook “Like” button to the FXTradingReviews website. Please Like us!
• I included a tab on the Facebook site to capture our blog/newsletter feed
• I included a tab that pulls the videos from our YouTube channel!
• The FXTradingReviews Twitter handle is @FXTradeReviews
• As noted above, we have a YouTube channel to host all of our videos – http://www.youtube.com/FXTradingReviews and we will continue to load videos regularly.
• Last week we recorded a video discussing Tom’s EA along with a discussion or how we select new robots to run as a demo and which we choose to run live with our own money.

I encourage you to find us on Facebook and please Like us (that’s my third and final request, just short of begging)! This will help build a following for the site, while also enabing you to receive our updates through your Facebook account. You should also follow us on Twitter to receive updates in that format as well.

Finally, I wanted to remind you about the new Rankings section of the website. We’ve seen a nice volume of reviews coming into the site from a number of users and I hope that keeps up! The reviews have been very insightful and I hope each of you gain value from them. Please continue to leave reviews.

1. New Products Worth Checking Out

The feedback I received from my newsletter last week was overwhelmingly positive. I appreciate all of the comments and praise for our mission to provide you candid feedback that is based on wanting to make you successful, rather than choosing to promote all of the “scam” robots just to make income on the sales as an affiliate (see Quantum EA launch). You get enough of that everywhere else!

Stepping away from robots for a minute, I wanted to introduce you to a great product that takes advantage of powerful candlestick patterns while avoiding false set-ups. Ultimate Candlestick Reversal Pattern is a MetaTrader 4 candlestick indicator that comes with a bonus indicator to identify the best time of day and night to trade, along with the best candlestick pattern you can use in your trading. I personally use UCRP and recently had 14 of 15 successful set-ups following this easy pattern. This is one of the best values I’ve seen in a while (valued at $79), priced under $30.

2. My Current Top 5 Forex Robots

No changes in our Top 5 Forex Robots this week. If you haven’t already downloaded the Ultimate Forex Robot Cheatsheet, be sure to get your copy now! You’ll see the logic for our top robot rankings along with tips for the beginner and expert Forex trader.

1. Forex Growth Bot
2. Million Dollar Pips (EURUSD)
3. Forex Overdrive
4. Wallstreet Forex Robot
5. Forex Megadroid

3. Live Account Performance Tracking

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

Here are the weekly/overall performances for the robots we are running live:

Wallstreet Forex Robot: -8%/+14%
Forex Megadroid: +1/-3%
Million Dollar Pips: +1%/+23%
Tom’s EA: +1/-41%

4.  Demo Account Performance Tracking

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

Here’s the latest weekly/overall performance  for a sampling of robots we are running on demo:

Forex Combo System: -2/+14% (Old system +248%)
Wallstreet Forex Robot: 0%/+14%
Million Dollar Pips: +2%/+8%
Paraswing EA: -1%/+18%
Forex Overdrive: 0/+73%

Remember, check the website to track the daily performance of the leading Forex Robots – these are updated throughout the day.  We’re encouraged by the status of the new Live Account tests.

Please visit the Rankings section of the website to read input from your peers and also to leave your feedback on robots you’ve had experience with in the past. Finally, be sure to Like/Follow us online:

Facebook.com/fxtradingreviews
Youtube.com/fxtradingreviews
Twitter: @fxtradereviews

I hope you had a great week of trading and best wishes this week!

As you know, I try to use this newsletter each week to help advise you of new robots that are worth considering. You may not know that I take great pride in working hard to recognize those robots that are legitimate versus scams, the “Consumer Reports” of Forex robots. We do our best to offer unbiased feedback on the hundreds of robots we’re notified about every week and my goal is to ensure you develop a trust in FXTradingReviews so when we say we believe in a system, you’ll feel more comfortable making that investment.

I tell you that in this newsletter because this week my blood starts boiling when I get notified about two new robots on the market – Quantum EA and Fast Cash Forex. You are probably getting pounded by other sites promoting Quantum EA, because of the incentives they are offering to their affiliate partners. However, I can assure you both of these robots fall into the category of scam and you should exercise extreme caution. The immediate red flag with each is the lack of any link to a live trading account to verify results. Instead one shows screenshots of supposed statements, which further research turns up are forged!

Sorry to be a downer today, but I want to restate our mission and ensure you that we are most interested in your success!

We did add two new demo accounts this week for Auto FX Payday and FAP Turbo. Be sure to visit the Robot Performance Page to see how the trades progress.

Finally, I wanted to remind you about the new Rankings section of the website. We’ve seen a nice volume of reviews coming into the site from a number of users and I hope that keeps up! The reviews have been very insightful and I hope each of you gain value from them. Please continue to leave reviews.

1. New Products Worth Checking Out

Fibonacci is a popular investment tool for technical traders to identify two extreme points and dividing them by the Fibonacci ratios to help determine support and resistance levels. One new trading system built around Fibonacci is Auto Fibonacci Phenomenon. While this is a very technical form of trading, the sales page says they will “show you where to enter a trade with simple to understand Arrows and automatic Alerts , where to exit ( 3 advanced levels !) and where to put a stop loss. You don’t need to study Fibonacci numbers – everything will be automatically printed “in easy language” on your chart!” The system is listed for $96 and comes with a 30 day money back guarantee.

2. My Current Top 5 Forex Robots

No changes in our Top 5 Forex Robots this week. If you haven’t already downloaded the Ultimate Forex Robot Cheatsheet, be sure to get your copy now! You’ll see the logic for our top robot rankings along with tips for the beginner and expert Forex trader.

1. Forex Growth Bot
2. Million Dollar Pips (EURUSD)
3. Forex Overdrive
4. Wallstreet Forex Robot
5. Forex Megadroid

3. Live Account Performance Tracking

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

Here are the weekly/overall performances for the robots we are running live:

Wallstreet Forex Robot: +7%/+20%
Forex Megadroid: 0/-5%
Million Dollar Pips: 0%/+20%
Tom’s EA: -15/-42%

4.  Demo Account Performance Tracking

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

Here’s the latest weekly/overall performance  for a sampling of robots we are running on demo:

Forex Combo System: 0/+18% (Old system +248%)
Wallstreet Forex Robot: +3%/+14%
Million Dollar Pips: -3%/6%
Paraswing EA: -1%/+18%
Forex Overdrive: 0/+73%

Remember, check the website to track the daily performance of the leading Forex Robots – these are updated throughout the day.  We’re encouraged by the status of the new Live Account tests.

Finally, please visit the Rankings section of the website to read input from your peers and also to leave your feedback on robots you’ve had experience with in the past.

I’ve notified you about the free webinars NetPicks has been doing with renowned authors. They have another scheduled Tuesday at 12pm EST with renowned author Denise Shull talking about her new book “Market Mind Games: A Radical Psychology of Investing, Trading and Risk”. Click here to register for this free webinar.

Finally, I wanted to remind you about the new Rankings section of the website. We’ve seen a nice volume of reviews coming into the site from a number of users and I hope that keeps up! The reviews have been very insightful and I hope each of you gain value from them. Please continue to leave reviews.

1. New Products Worth Checking Out

Abe’s Forex Signals offers its members the opportunity to get Forex signals and trades from professional trader Tal Abraham (Abe). He has been trading Forex for the last 17 years and now has a package with 2 offerings – an automated copier of his robot and a live webcam showing Abe trading with his charts. This appears to be a great concept, rather than relying exclusively on the robot. The membership is $77/month and comes with a 60 day money back guarantee.

Fast Forex Millions – I wrote about this robot a few weeks ago, but wanted to mention them again because we are getting great feedback and have just started our own demo. As you may recall, Fast Forex Millions is from the same author as Million Dollar Pips and works on 5 currency pairs (EUR/USD, GBP/USD, USD/CHF, AUD/USD, and CAD/USD). The robot sells for $247.

2. My Current Top 5 Forex Robots

No changes in our Top 5 Forex Robots this week. If you haven’t already downloaded the Ultimate Forex Robot Cheatsheet, be sure to get your copy now! You’ll see the logic for our top robot rankings along with tips for the beginner and expert Forex trader.

1. Forex Growth Bot
2. Million Dollar Pips (EURUSD)
3. Forex Overdrive
4. Wallstreet Forex Robot
5. Forex Megadroid

3. Live Account Performance Tracking

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

Here are the weekly/overall performances for the robots we are running live:

Wallstreet Forex Robot: -10%/+13%
Forex Megadroid: 0/-5%
Million Dollar Pips: +4%/+20%
Tom’s EA: 0/+1%

4.  Demo Account Performance Tracking

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

Here’s the latest weekly/overall performance  for a sampling of robots we are running on demo:

Forex Combo System: -8/+18% (Old system +248%)
Wallstreet Forex Robot: +1%/+12%
Million Dollar Pips: +10%/10%
Paraswing EA: +2%/+19%
Forex Overdrive: 0/+73%

Remember, check the website to track the daily performance of the leading Forex Robots – these are updated throughout the day.  We’re encouraged by the status of the new Live Account tests.

Finally, please visit the Rankings section of the website to read input from your peers and also to leave your feedback on robots you’ve had experience with in the past.

Greetings and best wishes to a successful week of trading!

Last week we launched a new Rankings section of the website allowing you to write your own ratings of robots to provide your insight, as well as to gain insight from your peers. We’ll continue to do our best to write unbiased reviews based on our experiences, but we believe the insight of your peers in combination with our feedback will be invaluable.

As part of the Rankings launch, we announced an incentive to encourage the number of early reviews (the site is only as good as the number of reviews and feedback we receive). I purchased 200 Robot Reviver licenses that I’m giving away for FREE simply for leaving a review (make sure to enter a valid email address so I can get you access).

Robot Reviver is valued at $59.95 and is a course that teaches you how to repair your “broken” Forex robots so you can continue using them even after they’ve met the typical ‘critical mass’ tipping point. Be sure to visit the Rankings page and leave your review: http://rankings.fxtradingreviews.com

Finally, I received a notice this week from Trader Kingdom that Mark Soberman from NetPicks will be hosting a free webinar on Wednesday at 4:30ET called “How To Translate ‘Screen Success’ Into Real-Time Trades”. If you are interested, here is a link to sign up for the webinar.

1. New Products Worth Checking Out

Forex Proteon is a new robot based on “dollar cost averaging”. The sale pages claims they “developed a mathematical algorithm to calculate the optimum performance for placing a second trade when you want to average your entry price”. The robot runs on multiple currency pairs and is able to work with any Forex broker that supports MT4 and Expert Advisors. Here is a link to their MyFXBook started on January 23. The robot sells for $129 and they offer a 30 day money back guarantee.

Forex 5 Stars is the latest system released by Rita Lasker. The sales page says this “isn’t a robot that trades on its own. Each trader will show different results and it all depends on the trader himself.” They offer the option to trade middle-term (one signal every 2-3 days) or long-term (one to three month trends). They do not provide any verifiable results, instead summarizing their results for January as a net profit of $19,620 by using 6 pairs (lot 1.0). They are selling the system (with two giveaways) for $75 until February 1, with a 60 day money back guarantee.

2. My Current Top 5 Forex Robots

No changes in our Top 5 Forex Robots this week. If you haven’t already downloaded the Ultimate Forex Robot Cheatsheet, be sure to get your copy now! You’ll see the logic for our top robot rankings along with tips for the beginner and expert Forex trader.

1. Forex Growth Bot
2. Million Dollar Pips (EURUSD)
3. Forex Overdrive
4. Wallstreet Forex Robot
5. Forex Megadroid

3. Live Account Performance

As I mentioned last month we are Live Account trading Wallstreet Forex Robot, Million Dollar Pips and Forex Megadroid at 3 different brokers – Alpari, MB Trading and Oanda.  Check out the Forex Robot Performance Page daily to see how the trades progress.

4. Weekly Performance on Demo Accounts

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

Here’s the latest performance form last week on a few leading EA’s.

Forex Combo System: +5%
Shark EA: 0%
Paraswing EA: +2%
Wallstreet Forex Robot: +4%
Million Dollar Pips: 0%
Kangaroo EA: 0%
Forex Morning Trade: 0%

5. Overall Performance on Demo Accounts

Forex Combo System: +28% (+248% on prior test)
Shark EA: -5%
Paraswing EA: +17%
Wallstreet Forex Robot: +9%
Million Dollar Pips: +207%
Kangaroo EA: +52%
Forex Morning Trade: +24%

Remember, check the website to track the daily performance of the leading Forex Robots – these are updated throughout the day.  We’re encouraged by the status of the new Live Account tests.

Finally, please visit the Rankings section of the website to read input from your peers and also to leave your feedback on robots you’ve had experience with in the past.

Greetings and best wishes to a successful week of trading!

I wanted to point out the amazing success we’re seeing in our live accounts with both Wallstreet Forex and Million Dollar Pips! As you may have noticed in our Robot Performance both of these robots are up double digits (15% and 16% respectively). These are two well respected robots and I continue to strongly recommend each of them. Wallstreet Forex and Million Dollar Pips give you a great opportunity to diversify with more than one solid robot! Here are direct links to our live MyFXbook pages for Wallstreet Forex and Million Dollar Pips.

1. New Products Worth Checking Out

Fast Forex Millions – One new robot I’m particularly excited about is Fast Forex Millions from William Morrison, the author of Million Dollar Pips (consistently one of our top 5 robots). Fast Forex Millions works on 5 currency pairs (EUR/USD, GBP/USD, USD/CHF, AUD/USD, and CAD/USD) and claims to not be “broker sensitive”.  The sales page claims profits over $306MM in 5 years with a $1000 deposit. The robot sells for $247 and based on the success of Million Dollar Pips we are excited about the potential of Fast Forex Millions. We will soon be running a demo of the system and I’m excited to duplicate the results from Million Dollar Pips!

Forex Profit Predictor – is a new robot from John Rollins that is based on technology started over 30 years ago in the aerospace field built to keep the stealth aircraft flying. John took this technology to the markets and then to Forex where he is up over 680% over the last 4 ½ months.  This is a brand new release, so we have not tested the robot to date. The price is steep at $1997, so be sure to do your homework, but rest assured they offer a 60 day money back guarantee as long as you execute at least 12 trades live or in demo.

2. My Current Top 5 Forex Robots

No changes in our Top 5 Forex Robots this week. If you haven’t already downloaded the Ultimate Forex Robot Cheatsheet, be sure to get your copy now! You’ll see the logic for our top robot rankings along with tips for the beginner and expert Forex trader.

1. Forex Growth Bot
2. Million Dollar Pips (EURUSD)
3. Forex Overdrive
4. Wallstreet Forex Robot
5. Forex Megadroid

3. Live Account Performance

As I mentioned last month we are Live Account trading Wallstreet Forex Robot, Million Dollar Pips and Forex Megadroid at 3 different brokers – Alpari, MB Trading and Oanda.  Check out the Forex Robot Performance Page daily to see how the trades progress.

4. Weekly Performance on Demo Accounts

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

Here’s the latest performance form last week on a few leading EA’s.

Forex Combo System: +4%
Shark EA: 0%
Paraswing EA: -4%
Wallstreet Forex Robot: +2%
Million Dollar Pips: 0%
Kangaroo EA: 0%
Forex Morning Trade: +2%

5. Overall Performance on Demo Accounts

Forex Combo System: +46% (+248% on prior test)
Shark EA: -5%
Paraswing EA: +9%
Wallstreet Forex Robot: +6%
Million Dollar Pips: +207%
Kangaroo EA: +52%
Forex Morning Trade: +24%

Remember, check the website to track the daily performance of the leading Forex Robots – these are updated throughout the day.  We’re encouraged by the status of the new Live Account tests.

Greetings and best wishes to a successful week of trading!

You should have received an email from me last week with a link to the newly created “Ultimate Forex Robot Cheatsheet”, otherwise click this link to download now. I have alluded to this in previous newsletters and I hope you get a lot of value out of this. The Cheatsheet includes some basic overviews on Forex trading and getting started along with “7 Keys to Forex Success” that will be useful for the new Forex trader as well as the most experienced!

Perhaps the most valuable part of the Cheatsheet is the “FXTradingReviews Quality Score Rankings”, which ranks over 250 robots based on their success across 7 independent Forex Robot websites, including FXTradingReviews.com, as well as their “popularity”.

Finally, we had a typo in our last newsletter. Our editor reversed our VPS recommendations last week.  To clarify, the recommended VPS is Ultra Hosting (we have had issues with Photon). We apologize for this error.

1. New Products Worth Checking Out

While just about all of our recommendations are Forex robots, occasionally I like to point out particularly strong systems that will enable the trader to learn true trading methodologies. Keltner Bells is a system I personally use and I believe you’ll view this as a great step-up from the automated robot. Keltner Bells only takes 10 minutes a day since it swing trades Forex rather than trying to scalp or day-trade, which is time consuming. Take a look, I believe you’ll appreciate the opportunity to learn and better control your trading!

2. My Current Top 5 Forex Robots

No changes in our Top 5 Forex Robots this week. Again, we will soon be releasing our extended rankings of over 270 robots to help you streamline your research process and save you from investing in the wrong robot:

1. Forex Growth Bot
2. Million Dollar Pips (EURUSD)
3. Forex Overdrive
4. Wallstreet Forex Robot
5. Forex Megadroid

3. Live Account Performance

As I mentioned last month we have started Live Account trading for Wallstreet Forex Robot, Million Dollar Pips and Forex Megadroid at 3 different brokers – Alpari, MB Trading and Oanda.  Check out the Forex Robot Performance Page daily to see how the trades progress.

4. Weekly Performance on Demo Accounts

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

Here’s the latest performance form last week on a few leading EA’s.

Forex Combo System: 4%
Shark EA: 0%
Paraswing EA: -4%
Wallstreet Forex Robot: 2%
Million Dollar Pips: 0%
Kangaroo EA: 0%
Forex Morning Trade: +2%

5. Overall Performance on Demo Accounts

Forex Combo System: +46% (+248% on prior test)
Shark EA: -5%
Paraswing EA: +9%
Wallstreet Forex Robot: 6%
Million Dollar Pips: +207%
Kangaroo EA: +52%
Forex Morning Trade: +24%

Remember, check the website to track the daily performance of the leading Forex Robots – these are updated throughout the day.  We’re encouraged by the status of the new Live Account tests.

Greetings and best wishes to a successful week of trading!

I thought I would start this year with a short note on a topic I receive a lot of email about – the need for a VPS (Virtual Private Server) service. The VPS is a service that will run your Forex robot on a remote computer that you rent from an online provider. With the requirement of many robots have to be constantly running their robot, there are a couple key reasons a VPS is fast becoming a necessity rather than an option. The primary benefit of the VPS is to avoid the potential computer or internet issues you may experience in your own environment. The second benefit of the VPS is avoiding the impact a robot can have with the normal use of your everyday computer.

Just like a Forex broker you need to be selective when finding your VPS provider and leave at the first sign of trouble/problems. As you can imagine we have tried a number of different VPS’ and not all are good. Based on this experience, I highly recommend Photon VPS. We have found them to be easy to work with and reliable. On the other hand, we had difficulties with UltraHosting , who in our experience would frequently reboot making a major impact on our robots. Your experience may differ, I just wanted to share ours.

Lastly, last month I posted a link to a free webinar NetPicks was hosting with a renowned author. The feedback from you guys was overwhelmingly positive, and this month they have another scheduled on Tuesday at 12pm EST with renowned author Richard Weissman talking about his new book “Trade Like a Casino: Find Your Edge, Manage Risk, and Win Like the House”. Click here to register for this free webinar.

1. New Products Worth Checking Out

Forex Gale is a robot that tends to make a number of trades and holds those trades longer than average (making the need for a VPS important). The average winner is held for over 30 hours (losers for 60 hours). I like the fact that they link to the live trading results on MyFXBook for a variety of different strategies. This is a link to their account running all 3 of their strategies and is up over 110%. The lifetime license is $195 and that comes with a 30 day money back guarantee.

Forex Genetic is a robot created by Ian Harris who claims to have made $189,098 in gains in 2011 with his secret “genetic algorithm technology”. The system claims to have intelligence built in to “evolve” and become more intelligent. I’m never comfortable with systems that don’t provide actual statements and Forex Genetic only has screenshots, so proceed with caution. The system sells for $47 and they offer a 60 day money back guarantee.

Forex Trends Rider is a new system from Terry Marshall. In their sales video they claim to help you earn an average of $538/day spending just three minutes, though we don’t get any clear evidence. The system sells for $77 and offers a 60 day 100% money back guarantee. Beware, I have had a number of members comment that they ordered this system but had issues receiving it. However with Plimus, receiving your money back should not be an issue.

They say “sex sells”, which I suppose is one way to stand out in the crowded space of Forex robots. This week I learned of a robot released by Amy Adriano called Stripped Down Forex. According to their sales page this “ex-dancer” makes up to $747,781 per month with 1-click trading and “no losses”.  I have not tried this robot, but you can imagine I’m skeptical. On their sales page they offer screenshots of supposed statements, but none that are links. The price is $47 and comes with a 60 day guarantee. Buyer beware!

2. My Current Top 5 Forex Robots

No changes in our Top 5 Forex Robots this week. Again, we will soon be releasing our extended rankings of over 270 robots to help you streamline your research process and save you from investing in the wrong robot:

1. Forex Growth Bot
2. Million Dollar Pips (EURUSD)
3. Forex Overdrive
4. Wallstreet Forex Robot
5. Forex Megadroid

3. Live Account Performance

As I mentioned last month we have started Live Account trading for Wallstreet Forex Robot, Million Dollar Pips and Forex Megadroid at 3 different brokers – Alpari, MB Trading and Oanda.  Check out the Forex Robot Performance Page daily to see how the trades progress.

4. Weekly Performance on Demo Accounts

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

Here’s the latest performance form last week on a few leading EA’s.

Forex Combo System: 1%
Shark EA: 0%
Paraswing EA: +4%
Wallstreet Forex Robot: 4%
Million Dollar Pips: 0%
Kangaroo EA: 0%
Forex Morning Trade: +10%

5. Overall Performance on Demo Accounts

Forex Combo System: +52% (+248% on prior test)
Shark EA: -5%
Paraswing EA: +14%
Wallstreet Forex Robot: 4%
Million Dollar Pips: +207%
Kangaroo EA: +52%
Forex Morning Trade: +22%

Remember, check the website to track the daily performance of the leading Forex Robots – these are updated throughout the day.  We’re encouraged by the status of the new Live Account tests.

Happy New Year! We at FXTradingReviews are excited about 2012 and wish you the best of luck in your trading. As I mentioned last week, the first quarter is traditionally a great time to be trading. I hope your chosen robot(s) get your year off to a great start.

1. New Products Worth Checking Out

Unstoppable Forex Profit is a new trading system from Austin Winston we were notified about this week. Unfortunately this is another system that does not provide clear evidence of their trading success, rather just screenshots and a video. The system sells for $87 and they offer a 30 days money back guarantee.

Ultra Fast Profit is a new system from Karl Dittman who has a reputation for pumping out a lot of Forex products, but none that have done well. One user that purchased the product told us there are “no red and green dots for entry signals” as they show on the sales site, which has me worried about the quality of the product. The system is $87 and they offer a 30 day money back guarantee, however I would exercise caution.

Since I’m not exactly a ray of sunshine today, let me mention a couple that ARE doing well.

EuroRise is a scalper that trades on the M15 charts of the USDCHF and EURGBP currency pairs. One interesting fact about EuroRise is the “broker suitability” score they offer to determine the suitability of the broker by recording spread, slippage and commissions across a minimum of 15 trades. We know how important the broker is to our trades, so this is a great feature. Finally, as we always like to see, EuroRise provides access to their MyFXBook account and you’ll note it’s approaching the year’s high mark!

Finally, Tom’s EA. This is a robot we’ve been running since October and continue to have success! Our own test account is up almost 50% since October and their live account is up over 150% since August. Tom’s EA is a “mirror trader” and based on the results we’re seeing, I’d encourage you to give it a try. They offer email and chat support, along with a 60 day money-back guarantee.

2. My Current Top 5 Forex Robots

No changes in our Top 5 Forex Robots this week. Again, we will soon be releasing our extended rankings of over 270 robots to help you streamline your research process and save you from investing in the wrong robot:

1. Forex Growth Bot
2. Million Dollar Pips (EURUSD)
3. Forex Overdrive
4. Wallstreet Forex Robot
5. Forex Megadroid

3. Live Account Performance

As I mentioned last week we have started Live Account trading for Wallstreet Forex Robot, Million Dollar Pips and Forex Megadroid at 3 different brokers – Alpari, MB Trading and Oanda.  Check out the Forex Robot Performance Page daily to see how the trades progress.

4. Weekly Performance on Demo Accounts

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

Here’s the latest performance form last week on a few leading EA’s.

Forex Combo System: 8%
Shark EA: 0%
Paraswing EA: +4%
Wallstreet Forex Robot: 3%
Million Dollar Pips: 2%
Kangaroo EA: 0%
Forex Morning Trade: +8%

5. Overall Performance on Demo Accounts

Forex Combo System: +40% (+248% on prior test)
Shark EA: -5%
Paraswing EA: +10%
Wallstreet Forex Robot: 0%
Million Dollar Pips: +208%
Kangaroo EA: +52%
Forex Morning Trade: +12%

Remember, check the website to track the daily performance of the leading Forex Robots – these are updated throughout the day.  We’re encouraged by the status of the new Live Account tests.

I hope each and every one of you had a Happy Holiday season and I wish you a happy and safe New Year!

As I mentioned last week, this is a unique time of year with the holidays, New Year, vacations, etc. We have recommended putting your robot on idle, but still observing the results for future reference. If you are going to be trading, be sure to check with your broker since Forex has a variety of limited holiday trading times that can impact your robots.

I know it feels counterproductive to be idle, but I say that with years of experience and your best interests in mind. With that said, the first quarter of the year is always a great time to trade so be ready to hit the ground running next week!

1. New Products Worth Checking Out

Expert Advisor Magic-Champ II is an EA with a long record of success. They are based in Germany and have a unique trading algorithm that is designed around risk and money management. As you’ll see from their detailed manual, they put considerable effort into this product.  Here is a link to their MyFXBook account. Check back soon as we will be running a demo account in the near future.

ForexThor is a new robot that seems to have great results and as you’ll read below, very aggressive guarantees. The system sells for $249 and includes a very aggressive guarantee. Unlike the industry standard 30 or 60 days, Thor provides a 90 day guarantee and allows you to keep their bonuses. Thor also offers to pay you $100 if you don’t make money during the 90 day trial! Here is a link to their MyFXBook account.

2. My Current Top 5 Forex Robots

No changes in our Top 5 Forex Robots this week. Again, we will soon be releasing our extended rankings of over 270 robots to help you streamline your research process and save you from investing in the wrong robot:

1. Forex Growth Bot
2. Million Dollar Pips (EURUSD)
3. Forex Overdrive
4. Wallstreet Forex Robot
5. Forex Megadroid

3. Live Account Performance

As I mentioned last week we have started Live Account trading for Wallstreet Forex Robot, Million Dollar Pips and Forex Megadroid at 3 different brokers – Alpari, MB Trading and Oanda.  Check out the Forex Robot Performance Page daily to see how the trades progress.

4. Weekly Performance on Demo Accounts

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

Here’s the latest performance form last week on a few leading EA’s.

Forex Combo System: 3%
Shark EA: 0%
Paraswing EA: +-1%
Wallstreet Forex Robot: -4%
Million Dollar Pips: -1%
Forex Growth Bot: +0%
Kangaroo EA: +4%
Forex Morning Trade: -33%

5. Overall Performance on Demo Accounts

Forex Combo System: +29% (+248% on prior test)
Shark EA: -5%
Paraswing EA: +6%
Wallstreet Forex Robot: -3%
Million Dollar Pips: +201%
Forex Growth Bot: +103%
Kangaroo EA: +52%
Forex Morning Trade: +3%

Remember, check the website to track the daily performance of the leading Forex Robots – these are updated throughout the day.  We’re encouraged by the status of the new Live Account tests.

Greetings and best wishes to a successful week of trading!

This is always an interesting time of year with the holidays being celebrated around the world. One question we’ve been asked a lot at FXTradingReviews is whether you should continue running your robots during the Christmas season. From our years of experience and feedback from a number of others in the industry, we have advised others in the past to take this period off and resume after the New Year. Hopefully this allows you some time to enjoy the season and reenergize for 2012.

1. New Products Worth Checking Out

The Mirror Trading System is another in the line of new mirror/copier systems we are seeing more and more. Koon Lip from Singapore  is the brains behind the system that claims to make “6-12% a month on autopilot and without unreliable EA robots”. As with many others, they offer a 60 day money back guarantee and the system is only $47. We have not tested this system, so please let us know your experience if you decide to try it.

Auto Signals Pro is a system offered by Greg White, a Forex trader who has a team of seven traders competing with each other every day. Greg statistically analyzes which trades will most likely make you a profit and those are wirelessly sent to you in milliseconds.  It’s a very interesting concept and they claim to have made close to a 400% return in 26 weeks. Their live account statement is current through December 9. The pricing is $247 quarterly or $697 annually or $997 for lifetime access with a no questions asked 60 day Money Back Guarantee and 24/7 support.

Ultimate Forex Formula is a new Forex course with two systems that come with Trade Alert software and trade sample videos. I have not seen a lot of hard evidence that would lead me to believe this could be a game changer. If you decide to purchase the course, please send us your feedback as we don’t see a compelling reason to run a demo at this time.

Unstoppable Forex Profit is new product launched by Austin Winston. This Forex software was developed by a group of highly experienced Forex traders and programmers and their website provides screenshots, but not actual results. Again, exercise caution with this system and please provide your feedback if you do decide to try it.

2. My Current Top 5 Forex Robots

No changes in our Top 5 Forex Robots this week. Again, we will soon be releasing our extended rankings of over 270 robots to help you streamline your research process and save you from investing in the wrong robot:

1. Forex Growth Bot
2. Million Dollar Pips (EURUSD)
3. Forex Overdrive
4. Wallstreet Forex Robot
5. Forex Megadroid

3. Live Account Performance

As I mentioned last week we have started Live Account trading for Wallstreet Forex Robot, Million Dollar Pips and Forex Megadroid at 3 different brokers – Alpari, MB Trading and Oanda.  Check out the Forex Robot Performance Page daily to see how the trades progress.

4. Weekly Performance on Demo Accounts

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

Here’s the latest performance form last week on a few leading EA’s.

Forex Combo System: -1%
Shark EA: 0%
Paraswing EA: +3%
Wallstreet Forex Robot: -4%
Million Dollar Pips: +6%
Forex Growth Bot: +0%
Kangaroo EA: +3%
Forex Morning Trade: -9%

5. Overall Performance on Demo Accounts

Forex Combo System: +24% (+248% on prior test)
Shark EA: -5%
Paraswing EA: +6%
Wallstreet Forex Robot: -7%
Million Dollar Pips: +209%
Forex Growth Bot: +103%
Kangaroo EA: +43%
Forex Morning Trade: +61%

Remember, check the website to track the daily performance of the leading Forex Robots – these are updated throughout the day.  We’re encouraged by the status of the new Live Account tests.