Welcome back automated forex traders. It was a quiet week for the Forex Robots.God's Gift EUR/USD was the winner on the week and picked up 65 pips catching EUR/USD's bounce back from recent lows.
God's Gift GBP/USD gave back 25 pips, exercising some of its many conditions that keep you away from losing trades.
Overall, conditions have been favorable for the God's Gift EA's so far this year. Its important to point out, however, that their back-test history has periods of drawdowns that last years in some cases. So it's important to keep a long-term perspective.
It was a quiet week for the Megadroid. Megadroid Demo picked up 3 pips and Megadroid Live picked up 1 pip.
In terms of the Megadroid Multi-broker challenge, IamFX Demo picked up 4 pips while the FXCM Demo lost 2 pips. While these are demo accounts, it goes to show what a difference a broker makes. And it goes to show you are better off paying IamFX 50 cents for honest execution getting FXCM's "free" execution.-
Also, this week I signed up for Asirikuy Daniel Fernandez's web site on Automated Forex Trading. I have to say so far that its amazing! BTW - I swiped the fern graphic from Daniel's site.
If you are serious about making money with Forex robots, this will be the best $20 you ever spent. At $5.33 per month, it only comes to less than $64 per year. As Redford said the other day, its like he's selling to homeless people ;-) .
Seriously though, its an entire education in automated forex trading. I intend to work my way through it, extract all the best stuff and put it into practice to grow my accounts. So stay tuned on my jouney.
ForexTrendy is a sophisticated software capable of finding the safest continuation chart patterns. It scans through all the charts, on all time frames and analyzes every potential breakout.
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