EA Reviews

I apologize for less frequent posts this week. Things have been extremely busy both at my full-time job and in my personal life, so I’ve not had much time to write here. As a consequence, I will combine the weekly wrapup of the systems we’re testing and trading in this one entry.
Forex Derivative
It was a [...]

It wasn’t a good week for the EuroBlaster demo as it struggled all week to recover from the trade taken on Friday, June 12. This week the drawdown on that trade got as large as $2,500 at times, or almost half our account. The trade came within 29 pips of being stopped out before heading [...]

Robominer had a good week, as the AUDNZD pair finally came back down, allowing it to close out several of the positions it had opened on the way up. After one month, the demo account is up $112.98, or 3.8%. I don’t usually buy into the “no stoploss” methods, but Robominer is an exception. The [...]

Unfortunately, both of the Forex Derivative demo accounts took a step backward this week. The FxPro account gave back $297.22, or 8.3%. The Alpari-US account fared even worse, losing $662.85, or 18.8%. The equity in the FxPro account now stands at $3,294.94, or+9.8% since the account was opened on May 29. The Alpari-US account finished [...]

The week started out poorly for the Forex Grid Bot demo account as Sunday night it had to clean up the remains of the trades it had failed to close on Friday. Those ended up being sizable losses. It is important to note that the EA only trades Monday through Thursday by default. I decided [...]

There is rarely a sure thing in Forex trading, and especially when it comes to expert advisors, but Robominer is pretty close. I really like this robot.
I’ll get the one major caveat out of the way right up front. At $500, it is one of the more expensive EAs on the market. But unlike many [...]

As noted earlier, we started a new demo account this week using the brand new version of Euro-Blaster (v2) that was released just about a week ago. Our demo account is using the conservative preset, but we have also turned MM on so that our account will compound as it wins trades. It was an [...]

Both of our Forex Derivative demo accounts (FxPro and Alpari-US) are still well into positive territory after this week’s trading. But what a ride it has been! If you have a weak heart or stomach, Forex Derivative may not be for you. This EA rocketed in the early and middle parts of the week, shooting [...]

It was another impressive week for the Forex Grid Bot demo. On the first four days of the week, it reached its daily profit target (around $100) without much of a problem. As mentioned in my prior review, you have the option of specifying which days to let the robot run. By default it does [...]

Today I would like to introduce another seemingly worthwhile EA that I have recently discovered. It is called Forex Grid Bot. I have been demo trading this EA since May 25 and have been very impressed thus far. In those two and half weeks, I have seen about a 17% increase in my account, and [...]