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Friday, 28 October 2011

Fx Speed Trader Review

This robot came out a couple of months ago and the results look crazy, so thought it was worth a shot. Its another scalper system, similar to FAPturbo, in that it trades the asian session. There are 4 pairs but each one is to be bought separatly, with the initial pair being the GBP/USD costing 99$. The other pairs are Eur/chf, Eur/Gbp and usd/chf available at 77$ each.

You can visit the vendors website HERE



I have been using the system on FxSOL uk and have been flat over 1 month, trading very small. I think I would be up but my spread on GBP/USD is 4 pips, which isn't ideal for scalping but I will be looking to attach it to another broker soon.
Its too early to say whether this is really anything more then a run of the mill EA, but as long as it isn't losing money I will continue to use it, and accumulate cashback.

Again with all robots its good to have a cash back service which can great enhance your profits.
You can get cash back by signing up your broker from HERE

Purchase this EA from the links here, or sign up to CashBackForex and I will send you a free copy of either Forex Megadroid, Primeval EA v2.1 or Forex Outbreak
Send an Email here if you have done so.

Thursday, 20 October 2011

Million Dollar Pips EA Review

This EA has been causing alot of buzz around the EA world as it can be classified as a High frequency trading robot, which by definition is make quick short profit in a short period of time without huge draw down or unreasonable risk. Sounds to good to be true ofcourse as I have read this all before, but results don't lie and so far so good in my live testing.

Some details about MDP
- Runs on a one minute timeframe
- Trades with EUR/USD, with USD/JPY and GBP/USD versions available also.
- Option to open less trades
- Trialling Stop Loss recommended but optional

Personal thoughts
So far so good, have been trialling it for over a months and have made around 20% on one broker. Time will tell as with everything as one months performance isn't a good long term gage. Also its very important to find a broker with low latency, and that often means finding a VPS server which is near to the brokers server. This tends to be quite difficult as many other users looking for the same thing. I have personally bought two licences and am just starting a new account with PepperstoneFX running on UCVhost you can view the performance of this HERE

To view the Venders webpage click HERE

As with IRIS FX, its definantly worth having Cashback with your broker, as it trades a decent amount and the cash back can rack up pretty nicely. However spread is very important with this robot so having commission account may be good as spreads are typically below 1 pip.

I think by Christmas we will get a good Idea of how this bot works over time.

To purchase MDP click HERE

To view the performance of this EA click here

Some good cashback service listed below:

CashBackForex
CashBackForex USA
Pip Rebate
FX Rebate Gurus

Purchase this EA from the links here, or sign up to CashBackForex and I will send you a free copy of either Forex Megadroid, Primeval EA v2.1 or Forex Outbreak
Send an Email here if you have done so.

Monday, 3 October 2011

Wallstreet FX EA review

I purchased this EA 2 months ago, and basically its said to be a 24 hour scalper not like those Asian session scalpers.

Wall Street Forex Robot Essentials:
One licence for three live and unlimited demo accounts
Not a scalper, so can opens positions at any time
MetaTrader5 (MQL5) version available free of charge
Uses a unique risk management algorithm
Five built-in intelligent protection systems
Opens 90% of trades during periods of low spread and high liquidity

A single licence normally retails at 299$ and 3 licences retails at 599$ although at the time of writing this there is a 110$ discount on the 3 licences price. You can purchase this EA HERE

My thoughts are that its better then the other scalpers out there purely because the take profit targets tend to be bigger thus if we encounter a loss its quicker to make it back. August was a rough month for this EA but September was much better as it made back 60% of Augusts losses, but long term I think this robot lies in good stead.
I have just opened another account with this EA running on it so you can check out the performance of this EA HERE

As with IRIS FX, its definantly worth having Cashback with your broker, as it trades a decent amount and the cash back can rack up pretty nicely. Also although spread is important, you can still do pretty well with a 3 pip spread broker, and with thouse you can get fairly large rebates. One of my accoutn is with Tadawulfx and it pays 0.8 pips rebate per trade, so overall I'm up on trading this robot although P&L is slightly down as I write this.

I think by Christmas we will get a good Idea of how this bot works over time.

To purchase Wallstreet FX click HERE

To view the performance of this EA click here

Some good cashback service listed below:

CashBackForex
CashBackForex USA
Pip Rebate
FX Rebate Gurus

Purchase this EA from the links here, or sign up to CashBackForex and I will send you a free copy of either Forex Megadroid, Primeval EA v2.1 or Forex Outbreak
Send an Email here if you have done so.
HotForex Bonus