Forex Robo Trading

Posts Tagged ‘forward testing’

After a quick search on the net for forward testing of the ProForexRobot. It is a little disappointing I haven’t managed to find anyone doing their own tests other than back tests. While back tests are good, a forward test on a demo account is even better. Then once the robot has proven itself to be reliable and consistent, the next step is to take it to a live trading account.

Given this is such a high profile forex robot, it will be good to get some independent results.

Technorati Tags: automated trading systems, back testing, forward testing, live trading, online forex trading, Pro Forex Robot Review, ProForexRobot

Just a quick update to my last post. In this Gomega GBPJPY video we can see Gomega has just opened a new long position in the Pound Yen. The little green arrow indicates the point at which the trade was opened, the dashed green line is set at the buy price and the dashed red line is the current stop loss position. Gomega GBPJPY uses a smart stop loss, which it will move upwards as the price approaches the profit target. It will also move it up if the price falls, so that the this trade will at very least, break even.

For a full explaination of the indicators shown on the Gomega GBPJPY chart, I recommend watching the very thorough video walk through by Ken Herbert, which is located here Gomega GBPJPY Under the Hood. Although the chart is very detailed and looks rather intimidating, all the complexity of analyzing the various signals, is handled automatically by Gomega GBPJPY. However at the same time, through the indicators on the chart, you have a window on the advanced analysis that is going on in the background. You get the feeling you are looking under the hood of a high performance sports car.

Technorati Tags: forward testing, gomega gbpjpy results, gomega live trading, gomega review, smart stop loss

Gomega Xray put in a solid performance on totally hands free, and managed to increase the equity by about 16% in the last week.
Currently Gomega is trading with the default settings on a Alpari demo account. Starting with a balance of $5000 almost 3 weeks ago, it ended last week with a balance of $5802.

It would appear that Gomega performs very well when the market is trending strongly. Of course it had a few losing trades as well, some of which had been strongly in profit but didn’t quite make the “take profit” threshold before the market’s direction turned. I’m considering starting a second demo account which would run the default settings but with trailing stops. It would be interesting to compare the performance against the current setup which has no trailing stops, just a standard stop loss. Gomega’s performance so far has been very good in terms of overall profit. Very impressive.

Technorati Tags: demo account, forward testing, gomega trading results

Here are the results for our Forex Conqueror robot that began trading 3 weeks ago on a demo account at FXDD with a starting balance $5000. Its managed to bring that up to $5129 but with a rather bumpy equity curve. The settings currently in place are the defaults settings as given in the setup instructions for Conqueror.

Technorati Tags: Add new tag, Forex Conqueror, forward testing, mt4 charts