Forex Auto Trading Update

been checking out various forex auto trading software or robots (also called expert advisor) in the market over the past few months.

many of them looks good in back testing but NOT in live trading, including megadriod or fap turbo which i have tried in live trading…..they may be many reasons to that but as long as it does not make money it is no good to me, period.

but all is not lost, i recently came across 2 expert advisors (EA) which seem to work well in LIVE trading mode, yes live. and in fact, i know someone who is using this successfully over the past 3 months.

here is the link to the live demo account using the EA :

http://www.mojostock.com/metatrader4stats-iwinfxtrader.php

we shall continue to monitor and see if it can be consistent at least over the next six months

so far, the return per month is not very high, around 2-3% per month, but hey, one should not be complaining since he does not have to do anything while the robot trades forex for him and more importantly, it ends up with NET PROFIT at the end of the month over the past 3 months. we still have to monitor it a while longer and see when during losing months, how bad can it be ie how big is the draw down.

cheers

rooney