You probably wondered what happened to me and EA-Reviews.com. Well, I’ve been on about a 6-month hiatus to do a little “soul searching.” After some rather poor live robot tests, I became pretty disenchanted with EAs, to be quite honest, and so I have been trading the Forex manually for the past several months with mixed results.

Here’s the usual routine. A Forex robot vendor creates a glitzy marketing page that explains how his or her robot gained xxx% in the past month or year or whatever. Amazingly, this vehicle to riches only costs $97 or $149 or something ridiculously cheap for such a sure thing. So I buy a copy to test, and amazingly it backtests very well for the most part. A live demo test also shows promise, and I really begin to get my hopes up. So I then move the EA to a live real account to begin the journey to financial independence. Only natural, right? That’s when for some odd reason, it just stops working as well. Either it doesn’t take as many trades as it should or it has much larger or more frequent losses than ever before. The end result is that it either loses money or simply isn’t worth the hassle for the little that it earns. This scenario has played our for me more often than I care to tell you. So, you can hopefully understand my discouragement. That said, it was good for me to take a little break, hit the reset button, and reevaluate where we are.

I have not given up hope that it is possible for an EA to be very profitable in the Forex market. Deep down I still think that if a human can do it, a robot can also be programmed to do it. I am not going to revisit any of the EAs that I had been reviewing (EuroBlaster, Forex Derivative, Forex Grid Bot, and Robominer), as I don’t believe they are the “answer” for various reasons. But I was encouraged a few weeks ago to learn about the Forex Robot World Cup, which was a competition held from December to January to find the world’s best EA. There were some very promising results, so I will be focusing my efforts for the foreseeable future on the robots that did well in that competition. Stay tuned!

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