Update on Forex Boomerang

Posted on 30. Apr, 2009 by Jakob in Random Noise, Review

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:

Trades: 3
Total Pips: -13
Total profit – Loss: - 127.80$

If you have used Forex Boomerang, or any other EA, please drop a comment and let us know your experience. Stay tuned for more updated on Forex Boomerang.

Tags: Forex Boomerang

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Update on Forex Boomerang

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