Forex Robots

Forex Accumulator Forex Robot continues its winning streak. Four more trades today, with no losses. Remember, Forex Accumulator won’t be released until August 5th, 2009. We managed to get an advanced copy from the Forex Accumulator developers in order to test it ourselves. So far, so good.

IvyBot Forex Robot has started off well. It placed a winning trade for $178.87 profit. Unfortunately, it closed out the trade at a smaller profit than it could have had. At one point, this trade was up over $400, and after the trade closed out, the pair shot up another 65 pips, which would have been an additional $650. But any profit is good, right? We’ll see how it goes over the next 3 or 4 weeks.

FAP Turbo Evolution Forex Robot has placed several trades over the past few days. It is currently profitable, but I haven’t been seeing the kind of returns the developers and beta testers claim. Is FAP Turbo Evolution another Forex robot scam?

Forex Monster Forex Robot just took a $2,400 LOSS. Based on an account balance of about $8k, that means it was about 30%! This is absolutely uncalled for. So, here are the stats:

Lerosa Pro FX Forex Robot took a loss yesterday, which is unfortunate. But even so, it is still up over 16% for the month. I’m going to continue to test the Lerosa Pro FX Forex robot, but for now, I consider this robot confirmed as profitable.

We spent a month fully testing Forex Transformer Forex Robot. This is our final Forex Transformer review. Will it be Confirmed, Plausible, or Busted?

Forex Transformer Forex Robot had 3 more trades, 2 winners and 1 loser. But even with a 68% win ratio, this Forex robot doesn’t live up to the hype.

IvyBot is a new Forex Robot just released to the public. We are going to put this Forex robot to the test. Will it be Confirmed, Plausible, or BUSTED?

Forex Accumulator Forex Robot has started off very well. It placed 5 trades today, all of them profitable. It seem to have fairly conservative settings with a 10 pip take profit and 30 pip stop loss. On the other hand, because of the close stop loss, if it doesn’t get the profit right away, it risks losing out at a 3:1 ratio. It will be interesting to see if it continues to take these small profits, and if any losses will overcome them.

Forex Monster Forex Robot has failed miserably so far. However, they just sent me a new version of the robot. I wonder how many people were having complaints that Forex Monster wasn’t working? Well, I installed the new version and started it running. I was thinking about restarting the demo account as well, but I don’t want to lose all the original data. I want to see if the Forex Monster Forex robot can become profitable from this point forward.

Lerosa Pro FX Forex Robot was carrying a trade from yesterday. Unfortunately, the EUR/USD had a wild ride and screamed up, against the trade. But the Lerosa Pro FX robot minimized the effect of the rapidly moving market by closing out the trade for a minimal loss. Even when the market reacts erratically, this robot seems to have good money management rules.

Forex Transformer Forex Robot had 1 winning trade for a profit of $177.00. This is definitely not a stellar Forex robot. It doesn’t even come close to the developers claims.

Forex Humanoid Forex Robot just blew up. I left the robot on the default settings, and it just lost almost 75% of the account in 1 trade! As I predicted a few days ago, the open trade Forex Humanoid had running closed out with a $7,500 loss.

Forex Accumulator will be released Wednesday, August 5th, 2009 at 12pm ET. We are going to put this Forex robot to the test. We were able to get an advanced copy of Forex Accumulator by its developer Paul Liburd.

Forex Humanoid Forex Robot is a very dangerous robot at default settings. However, it has a current profit of over $1200 in 2 days of testing. But it is also currently carrying a loss of $900.

Forex Monster Forex Robot is still carrying that open trade from July 20th. Amazingly, it has turned into a floating profit of $131.94 so far.

Forex Transformer Forex Robot had 3 more trades. 2 winning trades and one losing trade. Unfortunately, like many robots, the losing trade is wiping out all of the gains from the winners. Fortunately, only one more week to go and I can stop testing this forex robot. I think this will end up being one of those robots that, at best, make a little bit of profit, if it is lucky.

Forex Transformer Forex Robot didn’t close any trades today, but there is one open trade with a floating loss of -$195.60 currently.

Lerosa Pro FX Forex Robot didn’t place any trades. Turns out there was a problem with many of the brokers which caused it to stop working. I sent an email to support, and got a reply (and an updated program) in less than a few hours

Our first impression of Forex Humanoid Forex robot is MONEY GRABBING SCAM! STAY AWAY! Want to find out why? Keep reading…

Forex Monster Forex Robot hasn’t closed any trades today, but it does have an open trade. Unfortunately, the trade is carrying a floating loss of -$181.56 so far.

Forex Transformer Forex Robot shows us very clearly a major problem with Forex Robots today. It closed out 2 trades, for an overall loss of over $300. What is one of the major problems with Forex robots? Poor risk/reward ratios.

Lerosa Pro FX Forex Robot Summary Results (18 Days):

• Profit Trades: 8 (57.14%)
• Loss Trades: 6 (42.86%)
• Total Net Profit: +$2,050.28 (+20.5%)

So far so good! I’ll admit that I am impressed, BUT, there’s a long way to go before we confirm this Forex Robot as profitable.

Forex Humanoid is one of the newest Forex Robots or Automated Trading Systems on the market. Forex Humanoid will be released tomorrow, July 21, 2009.

FAP Turbo Evolution Forex Robot has placed several trades over the past few days. It is currently profitable, but I haven’t been seeing the kind of returns the developers and beta testers claim. Is FAP Turbo Evolution another Forex robot scam?

Forex Monster Forex Robot closed that open trade for a profit of $701.84! But don’t rejoice yet, it has a long way to go to make up for its first two losses.

Forex Transformer Forex Robot closed out 1 trade today bringing the balance back up into the profitable range. Forex Transformer seems to have consistency problems. But we’ll see how it goes over the next couple of weeks.

Lerosa Pro FX Forex Robot didn’t place any trades. Here are the current results of our Lerosa Pro FX Forex robot test review:

We spent more than a month fully testing Forex GridBot Forex Robot. This is our final Forex GridBot review. Will it be Confirmed, Plausible, or Busted?

Forex Monster Forex Robot opened a trade today, which is carrying a floating loss of -$360.58. Ugh. Need I say more?

Forex Transformer Forex Robot closed out 3 trades today totaling a loss of over $147. Here are the details:

Lerosa Pro FX Forex Robot placed another 2 trades today, and both were profitable. Lerosa Pro FX really seems to be what the developers say it is. It doesn’t win all of its trades, but to be up over 20% after just two weeks of trading is very impressive. I’ve been watching the way this robot trades, and it uses some of the same money management and risk assessment strategies that I use in my own trading. I just hope it will stay this consistent over time.

Forex Transformer Forex Robot closed out 3 trades today. Unfortunately one of them got stopped out for a $500 loss, which brought the Forex Transformer down to just a $7 profit overall for the past two weeks. Hopefully it will turn itself around and start placing more profitable trades again.

Lerosa Pro FX Forex Robot placed 2 trades today, and unfortunately both were at a small loss. However, even considering this robot only has a 50% win ratio, it is still up 12% in just two weeks of trading.

Forex GridBot placed 7 more trades the past day. 4 wins and 3 losses. Fortunately, the losses weren’t as bad as they have been. Unfortunately, the wins still weren’t enough to overcome the losses.

We spent more than a month fully testing Forex MegaDroid Forex Robot. This is our final Forex MagaDroid review. Will it be Confirmed, Plausible, or Busted?