Thread: Forex Robot Reviews

Hi James,

I agree with you that automated forex robots can be a great way for average people with no special skills on forex to start trading.

Forex Robots are also good to avoid the emotional factor which is very dangerous, and allow you to trade multiple currencies and markets at the same time, 24/7, that not even the most experienced trader could do.

mike

Forex Robots Testing (Live, Real):

Forex-Robots-Lab.com

Mike M.

Originally Posted by Nuke-Refugee

Hi,

I've tried to add a review a couple of hours ago but couldn't - I couldn't even insert a complete sentence... Not talking about a real review! Maybe you should check this out? This happened to me with FireFox 3.

Seb.

Lol I wouldn't call it the best robot ever. It works for some and not for others. It also takes a lot of tweaking. Not too often you can just throw it on a bunch of charts with default settings and expect profit out of it.

FREE FAPTurbo v5.0! Hurry up before I delete it!

Recommend you to visit Rita Lasker's site where you can get a free forex robot. It works really well! There are some videos even about it at YouTube. But the direct link is robo4free.com

Hey guys,

Check this site that I just found http://www.forex-robots.com, they make real money accounts tests on many forex robots, including the Megadroid.
BTW, that one in particular is doing really well.

Hope it helps

Eddie

Hi guys!

In August 2009 I received a message from the developers of new forex robot called Lerosa Pro FX with suggestions to create review about it.

Lerosa Pro FX is a completely automated forex robot which works for all market conditions without one having to optimize or adjust the settings. Most of the forex robots in the past are designed to suit the market conditions of the past but Lerosa Pro FX adjusts itself to the changes that take place in the market.

Also I can say, that, the cons of the system - it increased the lot size when it get a loss which is some kind of Martingale strategy which can be risky.

Today you can see, few days ago was released new version of Lerosa Pro FX 5.krak.. Till this moment on forwardtest it shows great results of trading. Below, you can see last trades to this moment:



Many traders was in doubt about Martingale strategy, which can make big problems for the deposit, but results of testing shows, that, this fear was groundless.

Full informations about Lerosa Pro FX and all updates you can find in my review.

Regards, Mark.

ForexPIPZen and ForexPIPZen LITE are Expert Advisors designed to trade the EURUSD on forex market. I developed these EAs in a manner that reduces much of the influence of curve fitting (overfitting).

Many Expert Advisor can be built and their results optimized to provide a near linear equity curve on past data, but what about future unseen data? This is where ForexPIPZen shows its value. Do not just take our word for it we want you to see for yourself for the next 30 days ....on us!

No Scalping
No Martingale
No Hedging

100% FREE to try

Above is the results of ForexPIPZen LITE 1.06. The standard version has an improved Profit factor by both reducing trades as well as increased Take Profit points. It utilizes my proprietary ZEN trading Logic.


Symbol

EURUSD (Euro vs US Dollar)
Period

1 Hour (H1) 2008.01.02 09:00 - 2009.12.13 23:00 (2008.01.01 - 2009.12.14)
Model

Every tick (the most precise method based on all available least timeframes)
Parameters

Copyright.="- © 2008 ForexPIPZen.com -"; AllowedPair_Version.="- EURUSD 1 HOUR Version -"; AllowedPair="EURUSD"; SendEmail=true; Magic=887453; slippage=5; IMPORTANT...="- Replace 99 with your broker GMTOffSet below or Optimize -4 to 8 -"; GMTOffset...="- Examples: IBFX = 0, Alpari US = 2, FXDD = 3 - "; GMTOffSet=2; Risk..="-Use PercentRisk Enter 0 in Lots. Default 3 = 3% - Max 10% -"; PercentRisk=10; Lot..="-Use Lots Enter 0 in PercentRisk. Default 0.1 - Max 1 lot -"; Lots=0; StopLoss=93; TrailingStopPips..="- Default = 15. MAX Value 21 -"; TrailingStopPips=11; MaxLossNote..="- Default = 0.01 to 0.70 EX:PercentRisk of (3) - 0.50 = -2.5 MaxPercentLoss -"; MaxPercentLoss=-10; Entry.Exit.Filter1..="- Off When false, Default = true. Values 3 to 6 -"; UseFilter1=true; Filter1Smoothing=4; Entry.Exit.Filter2..="- Filter 2 available in ForexPIPZen Standard -"; Lock.Pips.Filter1.="- Off When false, Default = false -"; LockPipsEnabled=false; LockPipsThreshold=9; LockPips=3; TakeProfit.="- TP5 Take Profit Value Limited to < 21 In ForexPIPZen Standard -"; TP5=19;





Bars in test

13013

Ticks modelled

14586788

Modelling quality

90.00%
Mismatched charts errors

1





Initial deposit

50000.00




Total net profit

73336.54

Gross profit

122413.00

Gross loss

-49076.46
Profit factor

2.49

Expected payoff

71.90


Absolute drawdown

4059.00

Maximal drawdown

15121.00 (16.04%)

Relative drawdown

16.04% (15121.00)

Total trades

1020

Short positions (won %)

540 (96.30%)

Long positions (won %)

480 (94.38%)


Profit trades (% of total)

973 (95.39%)

Loss trades (% of total)

47 (4.61%)
Largest

profit trade

494.00

loss trade

-2050.40

pipzen@forexpipzen.com for more details



1. Minimal human intervention.
2. Risk management setting are adjustable but preferred risk is 3% to 5% of your balance.
3. ForexPIPZen will prompt you to place EA with the correct currency and time frame
4. ForexPIPZen emails trades transactions to you email account (open and closes)
5. ForexPIPZen informs you it is ON via email.
6. Opens up to 5 trades per transaction and manages those trades with stop loss and trailing stop loss. *
7. Optimized internally to reduce drawdowns.
8. High Percent of Successful trades > 85% in back tests.
9. EA designed for low Maximal and Relative drawdown.
10. Additional Break Even and Maximum Percent Loss features
11. Installs Quickly with setup file
12. Work on 4 and 5 decimal brokers!
13. ForexPIPZen and ForexPIPZen LITE are licensed and secured EAs with limited licenses available.

Download a free trial here No Credit card on signup needed

look on the left side and enter your email under "Trial Key" there should immediately be a key in the inbox of your email address.

Hello,

I used Fapturbo and megadroid, but they both have to much dragdown for me. I did like megadroid better than fapturbo. I also used a couple of forex signals service, but with no good results.

I currently using a Forex Charting software. It has a Monthly fee, but by far it's the best thing I have found so far. The best part of it, is that the first two weeks are completely free.

Fap Turbo is an excellent Forex Robot, with a consistent record of making profitable trades in diverse market environments. After independent testing, KnightFox Forex Robot is also considered to be a top performer. I'm still of the opinion that since Forex Robots are based on specific technical trading strategies, market conditions affect robot result.