Performance test of Expert Adviser’s

Posted on 24. Apr, 2009 by Jakob.

I have just paid a short visit to the performance test page, over at FPA. The performance test page is basically a subpage to FPA, where they show the result from different EA’s which have been forward tested. The results are very mixed. They are currently testing 14 different robots, including the well known FAP turbo, and the new Forex MegaDroid, which I wrote about here. I believe the choice of these 14 different robots is based on user suggestion, as I have received a couple of email, where I was asked which EA’s I would like to see tested. So if you have any preferences as to what you would like FPA to test, I guess you should simply throw them an email. Needless to say that I find this to be a very good alternative to actually buying them! Sales letters are one thing, reality is a different one, especially is this industry! Another positive aspect of these test are, that even if you buy it, you most likely won’t keep it running 24 hours a day, just to test it trading paper money. FAP will (If I understood them correct). When you have seen sufficient forward and feel convinced, then buying it might become an option. I am looking to do some EA testing as well, and post the results here at TradeProfits. More on this later. Let’s have a look at the results from FPA’s performance test.  Read more... (721 words, estimated 2:53 mins reading time)

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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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