Forex Robots

I know this article references a chart on stocks, but it also applies very well to Forex trading. As a matter of fact, often times information on trading applies even better to Forex than any other trading market. In this case, we are talking about Elliott Wave Theory.

I’ve had many people ask me what kind of results I get when I trade manually. I decided to put up my account statement to show everybody.

There are two main types of brokers, market makers and ECNs (electronic communications networks). What’s the difference and how does this affect Forex traders?

FAP Turbo Evolution Edition Review (Update: FAP Turbo Swiss is DEAD) Got $50,000 to throw away? Give me half and I’ll save you $25,000! Not long ago a Forex robot called FAP Turbo was released and has changed many people’s lives. Some people still swear it makes them money, we have proven that it fails [...]

This is getting a little ridiculous. Forex MegaDroid is supposed to be this awesome robot that generates $363 per day.

Forex MegaDroid Robot Test Results: +$639.90 (+6.4%) Forex MegaDroid creators state in the user guide that it doesn’t trade on Sundays, Fridays, or holidays. So, Day 21 live testing of the automated trading system called Forex MegaDroid was nothing new. Still no new trades. Forex MegaDroid Summary Results (21 Days): Profit Trades: 6 (100%) Loss [...]

Forex MegaDroid Robot Test Results: +$639.90 (+6.4%) Day 17 live testing of the automated trading system called Forex MegaDroid was nothing new. Still no new trades. Forex MegaDroid Summary Results (17 Days): Profit Trades: 6 (100%) Loss Trades: 0 (0%) Total Net Profit: $639.90 (+6.4%) Here is the latest live trading forward testing statement for [...]

Forex GridBot Live Testing Results: -$1,002.96 (-10.0%) Day 4 live testing of the automated trading system called Forex GridBot was even worse than yesterday. Forex GridBot placed 9 trades throughout the day: Winning Trades: 3 (+$118.74) Losing Trades: 6 (-$650.99) Today’s LOSS = -$532.25 Think about this for a moment. If you had started out [...]

Forex MegaDroid Live Testing Results: +$639.90 (+6.4%) No trades today. Again. The last trade Forex MegaDroid made was on June 11, 2009. I realize the creators specifically say that this automated trading system trades on quality, and not quantity, but geeze. Still sitting at $639.90 profit (a current return of +6.4%). Don’t get me wrong. [...]

Forex GridBot Live Testing Results: -$470.58 (-4.7%) Another bad day for the Forex GridBot automated trading system. If you review the report below (that is the actual trading statement from the broker I am using to test this Forex Robot), you will see that out of a total of 16 trades, 9 were profitable, and [...]

Hey everybody, I just got the following email from Bill Poulos regarding his new Forex Income Engine 2.0 Trading Course. In it, you can gain access to a webinar at no cost, AND have a chance of winning one of three FIE 2.0 courses, just for attending. If you’re interested, read the email below and [...]

Forex GridBot Live Testing Results: -$358.87 (-3.6%) Day 2 testing of Forex GridBot has gone much better. The GridBot made a total of 6 trades. The first trade was a loss, but the remaining 5 trades were profitable. This put us to the profit side for $130.79, or +1.4% for the day. However, the bad [...]

Forex MegaDroid Live Testing Results: +$639.90 (+6.4%) No trades today. Still sitting at $639.90 profit (a current return of +6.4%). So far, Forex MegaDroid placed 6 successful trades in a row with no losses, but it still doesn’t trade very often. However, Forex MegaDroid is still profitable with a current monthly return of 6.4%. That [...]

Forex GridBot Live Testing Results: -$489.66 (-4.9%) We have decided to restart the testing on Forex GridBot. One of our readers, M.R., was testing this robot for us, but decided to take the robot on a real money live account. In addition, M.R. decided to also do some manual trading on the same account. This [...]

Forex MegaDroid Live Testing Results: +$523.30 (+5.2%) Forex MegaDroid placed another successful trade. So that makes 5 trades in a row with no losses, but it still doesn’t trade very often. However, with that trade, Forex MegaDroid is still up 5.2% for the month, which, while it isn’t near what they boast, is still very [...]

Forex MegaDroid Live Testing Results: +$418.30 (+4.1%) Still no more trades. To be fair, the creators of Forex MegaDroid specifically state that this robot doesn’t trade often. It chooses only the highest probability lowest risk trades. In this case, patience is a virtue. So what this means is that for the month so far, Forex [...]

Forex GridBot Live Testing Results: +$159.11 (+5.3%) The first day of testing on Forex Gridbot went fairly well, which is somewhat surprising. First, read the email that M.R. sent. This explains how Forex GridBot was set up, along with some of the other bonuses and help received: Hi, As promised pls. find the attached files [...]

I need to vent. I just ran across ANOTHER website spouting it’s Independent Forex Robot Review garbage. This was yet another website promoting the infamous FAP Turbo Forex Robot. This particular website leads with “FAP Turbo Review An Unbiased & Factual Insight“, then goes on with all the cookie cutter promotion to get you to [...]

One of our new members just sent me a link to a video. It talks about an unreleased trading method coming to market soon. The problem is, they don’t say what it is or how it works, or even give us a name… Take a look at the video and let me know what you [...]