The Forex Noob

I don’t get to post as much as I’d like but can still give updates on my FAPTurbo and Forex MegaDroid results at least weekly. Here is the month of July results with my three demo accounts.

My first instinct is to say ForexMeta does so poor with these EA’s that I would avoid using them as a broker. Oh yea, I have said that in previous posts. Truth is FAPTurbo and Forex MegaDroid made only three trades combined on my ForexMeta account but they were all positive. Check out the entire statement here. The EURUSD trades are MegaDroid. That means only one FAP Turboo trade the entire month.

My FxPro account fared better with  The FxPro account statement is here. Like the ForexMeta account the EURUSD is running MegaDroid.

Mid month we had a bumpy ride with FAPT with some uncharacteristically large losses. Otherwise the bots preformed much as they do every month. Small profits with a handful of trades each week.

My LiteForex (REALForex) account has the FAP Turbo long term strategy running on EURUSD. There is currently one trade open long term. See the statement here.

This account has seen larger than usual losses in previous months. It was a relief to see it in the positive again.

I don’t analyze the date as closely as Ben does, read his comments on various posts, here’s one…I look at each broker account and each EA and how they work together. Since finding a good forex broker and finding a forex robot that works are two HUGE subjects in forex trading, especially for beginners, that is where I have focused.

After looking at, playing with and hearing others experiences I believe FAPTurbo and MegaDroid are two of the better robots available. Will others dethrone them, certainly, that’s the nature of progress.

In the mean time I want to move these bots from ForexMeta onto another broker account. ForexMeta just does not work well enough with the EA’s. I plan to trade that account myself using a few tools  and systems I’ve collected.

Any suggestions as to what broker I should add to the test?

Thanks for your time,
TFN

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