TradeProfits

Million Dollar Pips – Forward Test Discontinued

Posted on 07. Dec, 2011 by Jakob.

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I started to live test the new EA Million Dollar Pips close to one month ago. Since then, performance has gone in one direction only – Down. You can read the details of the setup here Million Dollar Pips – Live Test Running. Read more... (499 words, 1 image, estimated 2:0 mins reading time)

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Million Dollar Pips – Live Test Running

Posted on 15. Nov, 2011 by Jakob.

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It was my intention to start this live forward test some time ago but due to a busy schedule, I simply haven’t had the time to set everything up the way I wanted it. I have spent the last week London with a very tight schedule. Now I finally had some hours to get things started. Read more... (463 words, 1 image, estimated 1:51 mins reading time)

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Million Dollar Pips – Update

Posted on 05. Oct, 2011 by Jakob.

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As most of you know, I grabbed myself a copy of the EA Million Dollar Pips some days ago (Million Dollar Pips – Live Testing). The first couple of days, it was only active the hours I was in front of my computer. I have never seen so much hype about an EA before, and not only the usual sales tactics but also on forums and prof from traders who have performed live forward tests of Million Dollar Pips; needless to say that things looked impressive, which is why I decided to give it a shot. Read more... (387 words, estimated 1:33 mins reading time)

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Forex Robots Factory – Testing Expert Advisors

Posted on 03. Apr, 2010 by Jakob.

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Forex Robots Factory is a new site somewhat similar to 4xproject. The main purpose with the site is to test new expert advisors, but they also have short reviews on books and manual systems. They have a live testing section where you can compare result from several different expert advisors. Overall the page looks good, and my guess is that this site will be a popular place for people who are considering buying a new EA. However, as Michael from ForexMagnets has highlighted, there are some pitfalls. The main issue is probably that they don’t test these expert advisors on real accounts, which means that you should not expect to see the same results if you chose to use one of these EA´s on a real account. Michael also mentions that Forex Robot Factory is using affiliate links for all the products tested on the site. I don’t really think this is a big issue. If people want to buy one of the products tested by Forex Robot Factory, it seems fair that they get a percentage. I know that 4xproject operates on a similar basis, and so do I. Anyhow, it will be interesting to see how this site develops in the future. I will be following.

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ForexPeaceArmy – New EA´s – Improved Search Function – Sive Morten Outlook

Posted on 11. Mar, 2010 by Jakob.

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The guys from ForexPeaceArmy continue to improve their Forex Portal. They have added 4 new EA´s and a new signal service to their performance page. If you take a look at the Forex Signal Performance, you will see that a few of the providers actually have been able to generate profits for more than 25 weeks in a row, and Sive Morten is close to the top. Now this should be proof enough that you should read his weekly outlook and take his perspective into consideration before entering your next trade. His latest weekly outlook has just been posted, and it is a good read. As a final note, the guys from ForexPeaceArrmy has now improve the search function on the site, which makes it a lot easier to find exactly what you are looking for. If you don’t know how to use it, take a look at this short guide.

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USDBOT launching in 30 minutes

Posted on 26. Jan, 2010 by Jakob.

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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.

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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.

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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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