Forex Dynasty – A Closer Look

Posted on 25. Apr, 2010 by Jakob.

Forex Dynasty is a new expert advisor which trades the EUR/CHF on the 30 minute timeframe, and is sold for $97 through Clickbank (which gives you a refund guarantee of 60 days). As you all know, expert advisors is not my cup of tea, but the creator of Forex Dynasty agreed to send me a free copy so I could try it out. I have had it running on a demo account for some time now and so far it has only activated one trade, which was a winner. It has a default profit target of 25 pips and a default stop loss of 65 pips. A bad risk:reward, so there is a need for a high winning percentage in order to make it profitable. I will be running Forex Dynasty on a demo account in the next couple of month to see how it performs. In addition to the expert advisor, you get an eBook when you buy Forex Dynasty. At first I thought this was a short manual with instruction on how to setup Forex Dynasty, but this is actually a pretty good book on forex trading, with basic stuff as well as specific trading strategies. Although I somehow feel that it´s a bit weird to add this to an expert advisor, I was pleasantly surprised. In my mind, the book is worth more than the EA. Although I don’t really play around with EA´s, I decided to give this one a look, as the creator has no problem sending me a version to try it out. Anyhow, I will keep you updated on the progress of Forex Dynasty.

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Setup Your Own Auto-trading Strategy – Currensee

Posted on 20. Apr, 2010 by Jakob.

The social platform for forex traders Currensee is hosting a webinar tomorrow April 21th, 04:00 EST with Dr. Todd Hanson where he will show you how to setup your own auto trading strategy. Hanson will present an overview of automated trading principles, deliver a live demo of the LiveTradeSignals.com offerings and take your questions live. I will probably be joining Dr. Hanson to hear what he has to say. Sign up for the webinar here. It´s free.

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ZuluTrade On the Go

Posted on 24. Feb, 2010 by Jakob.

ZuluTrade has been around for some time now and they constantly update their site with new features. Personally I think the look of their website is a bit confusing, specially the way you see the performance of their members. However, I guess it just takes a bit of time to understand everything. One thing is certain; if you like the idea of automated trading, this is probably a better approach than relying on some EA. Automated trading via ZuluTrade will be done by real people, hence they are better suited for market adaptation than some EA will ever be (obviously you need to find the right traders, though). ZuluTrade has now updated their Iphone application, so you can keep track of your account, on the go:  Read more... (217 words, estimated 52 secs reading time)

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USDBOT launching in 30 minutes

Posted on 26. Jan, 2010 by Jakob.

The new expert advisor USDBOT will be released in 30 minutes, at 9 AM EST. I wrote a short preview of the USDBOT before. As mentioned earlier, I have spoken to Mark Trenton and he seems like a cool guy, and he is very excited about the launch. They have added real time results on the sales page, and a short manual which you can download for free. I will probably be testing it in the upcoming days, to see if there is anything to these claims. Check out USDBOT here.

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USDBOT – Another Upcoming Expert Advisor

Posted on 14. Jan, 2010 by Jakob.

USDBOT is a new expert advisor which will be released on January 26th. There are almost new expert advisors out every single day, and the majority of them are not worth the price you pay. Now I have not tried the USDBOT, so I cannot say anything about its performance, but I have been talking to Mark Trenton, one of creators of this new EA, and it seems that they feel pretty comfortable with this launch. Mark is a cool guy, and he was willing to share a lot of information about USDBOT. Although the performance of USDBOT’s back and forward testing will not be disclosed before the launch date, it should, according to Mark have to pretty good results. The USDBOT will be trading two pairs, namely the EUR/USD and USD/JPY and you will be able to follow real time results on the website. The EA will come with a manual and videos on how to install and setup it up properly. Now one thing which is different from this launch compared to other ones, is that they will offer live chat support, so you will be able to get all your questions answered, and get the exact same setup which they use to generate the results posted in the live performance record. I am not a big fan of expert advisors, but I will be checking this one out, especially because that Mark seems to be an honest guy. As the USDBOT will be sold through clickbank, you will always have the option to get a refund, so it might be worth to check it out.

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4xMillion – A 4xProject

Posted on 13. Jan, 2010 by Jakob.

4xMillion is a new website created by the founders of 4xProject. 4xProject is a website devoted to testing new expert advisors; they are testing a large number of different EA’s and the page is a good source of information, if you consider buying one. 4xMillion is a new project, where the goal is to turn $1000 into one million, only through the use of expert advisors; a rather ambitious goal that is! 4xProject is the foundation of it, in that they will be using expert advisors which have passed 4xProject’s criteria’s, especially in terms of forward testing. The way I understand it, is that they will use a portfolio of different EA´s with customized settings, and change them over time when needed. Currently they use two expert advisors, namely MegaDroid and Forex Nuke. Although I don’t have much faith in the project, it should be interesting to see what the guys from 4xproject can pull off. I will be following them from time to time. Check out 4xMillion here.

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Forex No Loss Robot Loses Big Time

Posted on 27. Dec, 2009 by Jakob.

I have allowed myself to copy this picture from 4xproject, as I simply needed to share it. It doesn’t get much better than this!

 Read more... (104 words, 1 image, estimated 25 secs reading time)

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FAP Turbo Evolution is out

Posted on 14. Jul, 2009 by Jakob.

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Forex MegaDroid – Another Expert Advisor Hits the Market

Posted on 03. Apr, 2009 by Jakob.

These Forex Robots are just flooding the market these days. It seems like there is a new EA every single day, always promising the most astonishing results. Well a few days ago, the new Forex MegaDroid hit the market. There has been a lot of talk about it on different forums, and obviously there is a lot of bloggers who are promoting this to be the greatest EA ever. If you go to the sales letter, you will see the typical exaggerated claims! “95.82% Accuracy In EVERY SINGLE Market Condition” – “The Next Level In Automated Forex Robot Trading: Multi-Market Performance, Turning $1 Into $4 In EVERY Market Condition” – “bla bla bla…” The list keeps going! It will probably take you an hour to get through the entire sales letter. If and when you reach the bottom of the sales letter, you will see all usual warnings, terms & conditions, etc. which of course tells you that all the above stated results is only hypothetical, no guarantee for future results, results not representing real trading, etc.  Read more... (598 words, estimated 2:24 mins reading time)

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ForexPeaceArmy starts testing Expert Advisor’s

Posted on 25. Mar, 2009 by Jakob.

ForexPeaceArmy on EA´s

The guys over at ForexPeaceArmy have added a new feature to their popular homepage. Although they have had plenty of reviews for Expert Advisors in their review section, they have now started to test some of these, trading paper money. This is, in my mind, a great addition. There are released new EA’s almost every single day, every one of them claiming farfetched results. Obviously, the majority of these automated trading robots will not perform anything close to the results stated.  Read more... (295 words, 1 image, estimated 1:11 mins reading time)

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