Overview: This robot peeked my curiosity when I saw how well it was performing on Forex-Robots (which used to provide live tests for EAs).
Description: Use the M5 Timeframe on EUR/USD and GBP/USD. It has a standard Take Profit of 25 and Stop-Loss of 328. Forex Over Drive uses a complex trade entry logic mainly based on price action, moving averages and standard deviation but there is MACD, WPR, DeMarker and Stochastics used as well. To exit a trade there is a trailing stop used in combination with a fixed takeprofit and stoploss.
Sorry about the delay for the results. I am pleased to announce you that started LIVE Trading! I will make a separate section for that.
I will still continue to demo some robots, but I will have to take some off for poor performance and add new ones to test them before putting them live. If the results are good and consistent, which mean no losses for 3 months in a row, I will put it live.
Also, I stopped demo trading with FXDD, I might give them another shot in the future.
I won’t do any charts today but will give you the results:
H4 took a beating, very dissapointing. The only two robots that I trust now are AFG and Dragon. Gator has a big stop-loss so I don’t really feel comfortable with it despite the good results.
These are the results from May 2010. I am happy to announce that I will be putting money in my FxOpen account in June and will start trading LIVE in June or July. I think 6 months is enough to see if a robot is profitable or not. But I will still continue to test them on a demo account, mainly to compare.
I just started this month to trade with FXDD because I’m having problem depositing with Alertpay in my FxOpen account, and I thought I’d try both. Let’s compare the results
I am also introducing two new robots:
Tom: EUR/GBP scalper, replacing Thunder. Gator: Short-term trend analyzer the Alligator indicator, with a little tweak to make it more powerful. Runs on the EUR/USD with a stop-loss of 500 and a profit taking of 30.
First of all, I just wanted to mention that last year, 2009, was a crazy year for my Forex robots. I was testing too many currencies at the same time with robots that were way too risky, which is why I won’t even bother with quarterly results for that year.
Also, I have some good news. You probably all know by now that I have been only testing with FxOpen, which is a good broker. But I will also test with FXDD now at the same time. I will be able to compare the results and I believe they are both the best brokers to test with. A review for FXDD will come soon.
Loading ...
