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.
Today I decided to drop two robots: Thunder and FxUltra. Thunder opens way too many trades (100 this month!) and is just not profitable and FxUltra has been dissapointing since the moment I first started testing it.
On a positive note, I will be replacing them with two new robots that, so far, I have seen incredible results from.
I am also soon going to start testing my robots on two different brokers: FxOpen (which I use now) and FXDD.
A conference call I had today got canceled so I decided I could take the time to update with the February 2010 results. I am introducing a new robot as well, we now have our total of 8 robots.
H4: Trades on the GBP/JPY on the 4 hours time period and identify trends with a close trailing stop-loss. It is a more conservative robot.