Sorry for the lack of posts recently. By day I work for a company that produces annual reports for other firms, and this is by far our busiest time of year. Thus it leaves me little time to worry about my Forex trading. Now you know why I like to use EAs!

I noticed early this week that my FRWC robots were “frozen”. Rather, I should say the MT4 platform on which I was running them was frozen. All of them were showing “Invalid account” when trying to log in. So I contacted FXCM, which I was using to try to replicate the environment that the FRWC used for testing, and they informed me that their demo accounts are only valid for 30 days. Say what?!? Needless to say, I am a little bummed about that because to keep testing I will have to open new accounts now. I wanted to have some “history” to show for each of these robots, but I guess that can’t be done at FXCM. So I think I will open demo accounts at IamFX. They’ve got a low spread, and they aren’t handcuffed by the NFA nonsense, so all the bots should work on their platform.

Looking at the 30 days I was able to test, my pre-testing prediction held true. HiRider was the only robot of the bunch to show any real promise and would be the only one I would consider putting real money on at this point (though I still recommend more testing). It ended up the month with a bit more than 12% in profit. No, it’s nothing like the 40%+ that FRWC showed in their contest (where they were using unreasonable lot sizes), but that is nothing to sneeze at by any means. If you compound 10-12% per month, you will be rich sooner rather than later.

The other FRWC robots didn’t fare as well, ranging from 6-18% in losses for the month. The good news is that the FRWC is continuing to tweak the settings of the robots so that they are optimized for current trading conditions. They have released new settings for some of the robots and a completely new version of HiRider, which is what I will be using with the new demos.

The other robot I have been testing (Pip Android) has regressed, losing all of the profit it had gained. It is now just under break-even after a month and a half of trading.

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