Forex Robo Trading » forward testing

Top Forex Trading Robot for this Year

admin — Wed, 07 Jul 2010 08:25:15 +0000

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.

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

GoMega GBPJPY Autotrader Tests Continued

admin — Fri, 29 May 2009 10:00:11 +0000

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.

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

Gomega Xray results May 8th, 2009

admin — Thu, 14 May 2009 17:06:34 +0000

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.

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

Forex Conqueror results May 8th, 2009

admin — Wed, 13 May 2009 11:52:59 +0000

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.

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

Forex Megadroid results May 8th, 2009

admin — Wed, 13 May 2009 09:32:57 +0000

Here are the results for our Forex Megadroid robot that began trading 2 weeks ago on a demo account at Alpari with a starting balance $5000 2 weeks ago. Its managed to bring that up to $5226 with no losing trades. Megadroid doesn’t make of lot of trades and so far has a very good win rate but the take profit is relatively small. The settings currently in place are the defaults settings as given in the setup instructions for Megadroid.

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Technorati Tags: forex mega droid, forward testing, megadroid results, testing megadroid

Good Week for Gomega

admin — Fri, 08 May 2009 05:05:00 +0000

Gomega Xray has put in some healthy gains of the past 2 weeks. Currently trading on a demo account at Alpari with a starting balance of $5000. The setup is completely vanilla using the exact recommended settings from the setup guide. I’ll have a full update shortly along with the results.

Its also been a good week for Forex Megadroid. This may be an inexpensive robot but it trades like a robot ten times the price.Full report and results for the week coming after trading finishes tomorrow.

A new Robot arrived on the scene just this week called The Forex Magic Machine. While the name may sound a little corny, what’s in a name? The important question is: Can it deliver? The only way to find this out is to put it through a full set of tests.So the Forex Magic Machine will be added to the mix next week with a fresh demo account to begin some forward testing.

You can see the official Forex Magic Machine website here. As is the case with many Forex robots, Magic Machine comes with a full 60 day money back guarantee so if you can’t hold on long enough to see my results, just pick it up right now completely risk free.

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Technorati Tags: forex magic machine, Forex MegaDroid, forward testing, GoMega Xray, test rults

Gomega Xray Forward Testing

admin — Wed, 01 Apr 2009 03:38:00 +0000

I will shortly begin an in depth review and forward testing of Gomega Xray, the automated, hands-free intraday trading system from Quantum Research.

This will cover everything from my choice of hardware to run the system on, the initial setup, through to ongoing forward testing with weekly updates on results, using recommended settings and eventually custom tweaks once I have become thoroughly familiar with the software.

This is going to be a big project and you are welcome to add comments, questions and suggestions over the weeks and months ahead as the tests continue.

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Technorati Tags: forward testing, GoMega Xray, intraday trading, setup