It is good to see more and more Forex robot creators publishing live results rather than a set of back tests or screen shots. It was FapTurbo at the end of last year who broke new ground with their live results published directly on their sales page. In fact much of Fap Turbo’s claim to fame was that they were the first robot publishers to do so. Raising the bar for all Forex robots.

While it is great to have forex EA creators publish their own live results it still not so easy to compare one set of results to another. Which is why I am returning to my project to compare all the top forex robots in both live and back tests. This is going to be a major project and for this purpose I will be setting up a dedicated website at LiveMT4.com

2010 looks likely to be a roller-coaster year for the currency markets with plenty of FUD (Fear Uncertainty and Doubt) to fuel big currency movements. This is going to suit some trading methods better than others.

While many Forex robots can and do trade profitably most of the time. Automated trading is not for everyone. When real money is on the line, many people prefer to pull the trigger themselves but you have to know what you are doing.

Correlation Trading

My personal pick for best trading system for the year ahead would be Jason Fielder’s Correlation Code. Why? When the big swings occur, and they will, this is the best set of proprietary tools and methods I’ve seen for analyzing and trading on breaks in currency correlations. Knowing when and in which direction to trade and when not to trade is the difference between making good gains or wiping out your account.

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However I’m not here to just show you the good results, there are some bad ones and downright ugly ones too. Seems Gridbot just blew out my demo account and shut itself down. Well at least it shut itself down before wiping out completely. It will take a little time to figure out what went wrong here and I’ll fire an email off to support just to make sure everything was setup correctly.

Although it is not entirely obvious from the Metatrader result page, actual trades began on June 15 but most of the account loss occurred in less than 3 days. When I have my live trade results software up and running, this will be much more transparent but for the moment, we’ll have to settle for the Metatrader detailed report graph.

Technorati Tags: account blowout, demo account, drawdown, Forex GridBot, forex robot results, live trading