EA Reviews

Well, it’s been an interesting week for our robot demo tests. Here is a brief synopsis of how they fared:

PIP ANDROID

Pip Android is not a very active robot, but it has at least been profitable overall. It only had seven trades this week, six of which had closed by the end of trading on Friday. Of those six trades, five were closed in profit, and the one loser only lost $2.08. The one trade left open is currently down $22.00. Hopefully it will be able to clean that one up Sunday or Monday.

One thing I like about this robot is that it has a definite stoploss — it’s around 40 pips. Plus it only opens one position at a time. So you never have to worry about opening up your trading platform and seeing this robot with a drawdown of 30-40% at any one time. In this way it is conservative and safe.

So far, in closed trades, the robot is up 2.53% after two a half weeks. So you’re looking at about 1% per week. No, it’s not going to make you rich overnight, but as I said, at least it is positive and seems fairly low risk. I am running it using the “medium risk” settings recommended by the developer.

FUSION V

The Fusion demo had a bit of a scare this week. It opened ten positions using the HiRider algorithms, and the currency went severely against those positions for a good part of the week. At one point the equity on the account got down to around $700. Fortunately, though, EUR/USD finally turned and headed back up and allowed it to close out the positions in profit. The account now sits at $1,070.14 for a total account gain of 7% after a week and a half. That’s a pretty impressive gain any way you look at it.

Note that this demo is using a fixed lot size of 0.02 lots for all trades. This is exactly what the FRWC’s current live test is using. I wanted to run an identical test to make sure that I am able to get the same results that they are. So far the trades and results seem to be the same. Even at 0.02 lots, though, it’s important to remember that if all ten HiRider trade positions go against you all the way to stoploss, you will take a pretty heavy hit to the account. This is one reason I use 0.01 lot sizes for my actual HiRider demo account (see below).

HIRIDER

My HiRider demo continues to move right along with success. So far only one loss since we began running it a couple weeks ago. To date, the account is up to $1,067.81 for a total gain of 6.8% so far. As mentioned elsewhere, I have changed the settings so that it is now trading a fixed lot size of 0.01 lots per trade. This is the most conservative setting for the robot, and I think it is the only realistic way to trade real money on it. The FRWC recommends 0.01 lot size per $1,000 in the account, so that is what we will follow. So far, so good!

LMD-MULTICURRENCY

This demo was restarted at the beginning of this past week to again use more conservative settings that are recommended by the FRWC. I have turned money management off and am trading a fixed lot size of 0.05 lots per trade. So far it has fared pretty well. The first week saw a 3.5% gain on the account after managing six wins and seven losses. Stay tuned!

SUPER VOLCANO

Well, this robot seems to be the dud of the group. It has taken a grand total of ONE trade over the first two and a half weeks of the demo. That one trade was a loss, and the account is presently down a little over 4%.  I have reviewed the settings to see if there was something I needed to adjust to get it to trade more often, but I did not notice any problems there. If anyone is getting more trades with this robot, please send me your settings as well as who you are using for a broker.