EA Reviews

Along the way I will find EAs that don’t make the grade for whatever reason, and I will be sure to post a review about those as well just to help you be as well-informed as possible when deciding which EAs to purchase.
On June 2nd, Forex Espionage, “the $52,937 trading robot” was released. I bought [...]

Just a quick heads-up to let you know that I have now added IBFX backtests for Forex Derivative covering the EUR/USD pair from 2000 all the way through 2009. I think you will be quite impressed at the results. Every year finished in positive territory, and the most recent years were “off the charts.” Click [...]

I’d like to introduce to you another expert advisor that I believe may have some real possibilities. It is called Forex Derivative. I just found this one a week or so ago, and thus far I have been very impressed. It has performed well both in backtests and in my limited forward testing.
This EA apparently [...]

I spent many hours this weekend putting the latest version of Euro-Blaster through its paces. I ran backtests from 2004 up to 2009 and used four different presets (aggressive, basic, conservative, and conservative +MM).
I am very pleased to report that except in a few cases, the backtests for the new version are MUCH more profitable [...]

I just received an emailed from the Euro-Blaster team that tomorrow they will be releasing version 2 of the EA! In fact, they sent me a pre-release copy to check out. I haven’t yet dug into it, but they appear to have added quite a few new features. Here is a rundown of the improvements:

Improved [...]

Well, for comparison purposes, I decided to run backtests for the monthly method (aggressive preset) on FXDD. Almost without exception, the results were inferior to the Alpari-UK results. Here is the table:
FXDD Backtest Monthly Results
(Aggressive Preset)

Month

2004

2005

2006

2007

2008

2009

Jan

-69.3%
-67.6%
-20.7%
+81.7%
+157.5%
+192.2%

Feb

+9.3%
-75.6%
-70.2%
-1.2%
+80.4%
+146.6%

Mar

+60.6%
-69.0%
-70.8%
+46.2%
+126.7%
-73.7%

Apr

-70.0%
+22.2%
-69.6%
-23.0%
+147.3%
+159.9%

May

+34.3%
-68.3%
+105.0%
-43.9%
+125.2%
-73.6%

Jun

+14.7%
+152.1%
-68.8%
-66.7%
+106.5%

Jul

-77.6%
-70.0%
+100.2%
+47.1%
+132.4%

Aug

+105.2%
-7.9%
+104.7%
-65.8%
+118.9%

Sep

+106.9%
-18.7%
-41.3%
-76.2%
+172.3%

Oct

+50.7%
-76.1%
+90.3%
-64.8%
+255.5%

Nov

+12.2%
+116.2%
-68.3%
+19.8%
+219.6%

Dec

-2.4%
-76.7%
+37.2%
+0.0%
+248.9%

Here is the comparison on a yearly basis (using the monthly method):
2004: Alpari-UK [...]

I had someone ask me for the month-by-month results from my backtesting for the monthly method. So, below is a table that gives the monthly percentage of gain or loss. For example, if a certain month began with $2,000 and ended with $2,500, that monthly percentage gain would be +25%.
As you can see, there were [...]