Posts Tagged ‘forex maestro’
Forex Maestro Enigma
July 16th, 2009
The real money doubling robot? At least at the moment…
Forex Maestro by design is unlikely to perform well over the long run, as it uses a variation of the Martingale strategy. This is really the exact opposite of what would be considered “good money management rules” for trading Forex and I’m sure it will make Bill Poulos shudder.
When a position is opened, the prudent strategy is to set your stop loss to at a position where you don’t expect the market to go, while at the same time keeping the maximum potential loss to a minimum. If the market moves against you, your position is exited with a known minimal loss. The logic being, the premise of the trade was wrong and there is no reason for you to remain in the trade. Take the small loss and look for another opportunity.
With the Martingale strategy, rather than exit the position, you take out a new position at the current price, lowering your average percentage loss. If the price moves in your favor, you can now exit with a profit overall. If the price continues to move against you, another position is opened to again reduce the average percentage loss. Most of the time this works but every now and then this is going to end in disaster.
Clearly this is not a sound trading strategy for success in the long run. However not everyone is looking for long run solutions. If you are looking for a way to quickly grow an account balance or are just trading Forex for fun and are using money you can afford to lose. Then Maestro could fit the bill.
Out of all the robots currently being forward tested, Maestro has put in the biggest gains over the past 2 months. How long will this winning run last? It is impossible to say but it has almost doubled the initial starting balance on this demo account in less than 2 months.
Here are the live results from Maestro. Starting with $5000 on May 25th. It’s balance is currently sitting at $9290 in less than 2 months.
Maestro goes against all sound money management rules and no one should even dream of trading live money with this robot over the long term, because it is eventually going to lose big. Perhaps even wipe out the account balance.
However one approach to a robot such as Maestro, is to apply good money management rules to the account balance itself. The strategy would be, let it trade until the initial balance has been doubled then withdraw the initial deposit and leave it to trade with what is essentially free money. Your account balance is the stop loss. In every trade, you are potentially risking the entire account balance. So the account balance itself is your level of risk exposure.
This should only be done with recreational money, money you can afford to lose as Murphy’s law will probably apply. That being, the moment real money is deposited, the robot loses.
And don’t trade Forex Maestro with their recommended broker. Last time I checked, I couldn’t even determine in which country the broker was located. A scam? I hope not.
As always, stick with a broker you know and trust.
Update: It seems that Maestro may no longer be available. However here is another Forex Robot that makes no secret of the fact that it is based on the Martingale theory.
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The Forex Maestro Expert Advisor
February 26th, 2009
Forex Maestro is the latest forex robot to explode on to the currency trading from home scene. Using artificial intelligence neural networks to crack the Forex trading code, exploiting something they’re calling Counter-Intuitive Movement (CIM) of currency pairs. This expert advisor could add huge profits to your bottom line, averaging 9 out of 10 trades winning trades at an astonishing 91.25% winning rate.
Download Forex Maestro Here
Of course I often hear people ask if a forex robot was so successful then why would anyone ever make it available for others to use. Surely you’d keep it locked up and secretly trade with it and amass your own private fortune. Well actually no you wouldn’t. First up robots need testing and retesting and with real trades, robots evolve and with a large user base they can evolve faster and better. Not only that but we must keep in mind the simple fact that the Forex market is huge, mind blowingly gigantic! Even if 1000 traders were running the same robot on the same currency pairs, they’d still be such tiny drops in the currency ocean where trillions are traded daily. There is no way they’d have any impact on each other. Not to mention that every trader is going to be running slightly different settings. For example short term scalping or long term positions. Optimizing for different trading strategies and profit objectives. Not to mention different risk exposure, stop loss settings, trailing exit points, drawdowns, what percentage of the bank trade with. The list goes on. In short, your robot trades according to your account balance, risk aversion and profit objectives. So no two traders are alike.
Download Forex Maestro Here
What a forex robot really brings in to the equation is unparalleled analytical power, rapid response time and a focused, consistent, cold unemotional trading execution based on your chosen strategy. Best of all, they open the door to absolute beginners to enter the exciting and lucrative world of forex trading without needing a degree in international finance to get started.
This robot may be new to many but it has been in development for several years and active trading use for a select few. Now it is finally being made available to all at a very low entry cost and with a full 60 day money back guarantee. So you should definitely take advantage of this oppurtunity and test out this robot. As always you should start with a demo account with a reputable broker while you get yourself familiar with the forex robot before you run it on live trades.
We’ll be running our own tests on this robot over the coming weeks and publishing our findings. So stay tuned.
You can test drive Forex Meastro risk free for 60 days here
Download Forex Maestro Here
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Posted in Forex Trading Robots | 
Tags: forex maestro, forex software, forex trading, forex trading robot, live forex trading test | 
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