Yesterday I mentioned that I would be posting the results of the Forex Robot I was testing.  I mentioned in this post last week that Expert-Advisors has a free robot to test out.  I figured I might as well give it a shot, the price was right.  When I mentioned that I was going to give an update on results I had it up and running for almost a week and was up about 7%!  Unfortunately the robot got it’s ass kicked as the EUR/USD has risen sharply over the last day.  For some reason, this robot seems hesitant to get into buy trades.  It has made a total of 36 trades in the last week which seems pretty high to me.  Of those trades, only 6 were buy trades.  Considering the upward movement in the Euro over the last 24 hours and the fact that the robot made 9 sell trades I question the logic.  But, it doesn’t take a genius to trade this market.  It takes a system that can make money and an ability to follow your own rules.  The robot can’t break it’s own rules as it has a hard stop set for all trades at 40 pips.  Let’s see if it can recover and bring the account back to profit over the next week.  Here is the account summary.  You can click on the image to get a larger version if you can’t read this.

Tags: Forex & Money, Forex blog, forex day trade, forex robot, forex system, forex trading

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