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Forex Boomerang now in Profit

Posted on 05. May, 2009 by Jakob.

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I have been testing Forex Boomerang lately, since the results on Performance Test page over at Forex Peace Army was showing some good results. So I started running this on a practice account about a week ago. The first couple of days it was showing a negative result, but with the two latest trades, it is finally in profit. The start balance was set at $1.000 and all the settings were at default. Current balance is at $1.143 and an open trade which currently is in profit of $60. So by now this EA would have paid for itself. But let’s see what happens. What comes fast goes fast. I will keep you guys posted.

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Update on Forex Boomerang

Posted on 30. Apr, 2009 by Jakob.

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As you guys know, I am currently testing Forex Boomerang, to see if it can live up to the hype. The results from the Forex Peace Army performance test was pretty impressive, so I decided to go for it. As I wrote yesterday, the first trade taken by Forex Boomerang, resulted in a loss of 110 pips (which is the default stop loss). I had a starting balance of $1000 (paper money!), and after the first trade I was down to $670! One hell of a drawdown on the very first trade. Anyway, shortly after the first trade, the second trade was opened, and resulted in 90 pips profit (which is the default take profit). This took my account balance back up to $850. Today the third trade was entered. It was 2 pips away from the take profit level, but then it turned, and reached the trailing stop which was set at 7 pips below entry (on a short trade), which resulted in $22.50. To sum up the Forex Boomerang results for the three days: Read more... (216 words, estimated 52 secs reading time)

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Testing Forex Boomerang

Posted on 29. Apr, 2009 by Jakob.

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Some days ago, I wrote about the performance test page over at ForexPeaceArmy, where you can see how different EA’s are performing. At the time of the last post, Forex Boomerang was doing rather well, with a total gain of 8.31% in a period of about 2.5 weeks. So I decided to test it out on my own metatrader platform, to see how it works. I will run Forex Boomerang on a paper money account, just to be on the safe side. Furthermore, my test will not give the full picture, as I won’t have my computer turned on at all times. So I might be missing out on some trades.(Something which they don’t recommend in the manual). So I set it up yesterday, with a starting balance of $1.000 and all the options on default. About half an hour later, the first trade was entered, and resulted in a loss of 110 pips. Today the second trade was entered, a long position on EUR/USD at 1.3190. Right now it’s about 15 pips in profit. I am looking forward to see how things play out. If you are thinking about buying Forex Boomerang, then get it here for a total of $97 and support this blog.

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Performance test of Expert Adviser’s

Posted on 24. Apr, 2009 by Jakob.

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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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