Sequel Trader is a high frequency trading HFT robot that trades the small price fluctuations in the market.  High Frequency Trading requires speed. In the past it required supercomputers. High Frequency Trading used to be the exclusive domain of the the big banks and the hedge funds as they could only afford fast number crunching machines. Goldman Sachs is well known for its HFT operations. There are hedge funds like the Citadel Investment Group LLC who have HFT operations. But in the last few years, high frequency trading is becoming popular amongst retail traders as well.Currency market is always moving. Most of the time the movements are small something like 5-10 pips. If you can capitalize on these small price movements, you can make a lot of pips daily. Sequel Trader does precisely this.

The only problem is that many brokers hate high frequency trading. High frequency trading means opening a trade for a few seconds, grabbing a few pips and then closing it within less than 30-60 seconds and even less. When you are trading so fast, the broker does not get the chance to offset the position in the interbank market. The broker is forced to take the opposite position and then not offset it in the interbank market. You should check with your broker before you start HFT on their platform.

High Frequency Trading HFT has been blamed for the flash crash that happened in May 2010 and some other market crashes as well. However, recent studies have shown that high frequency trading is good for providing liquidity in the market as it helps in reducing the spreads. Whatever, if you want you can try this Sequel Trader on your demo account. The developer of this Sequel Trader HFT robot claims that he made $21K in just 1 day trading with it.

There is 60 days of no questions asked money back guarantee. So you can test this Sequel Trader EA on the demo account thoroughly for two months. If it doesn’t work. Simply get a refund. And if it works and you feel satisfied with the performance of Sequel Trader on the demo account, open a live account with a small deposit of $350 and further test it on a live account. Testing on a live account is a must as there are inherent differences in a demo account and a live account. Both function differently. A trade can get executed on the demo account but it may not get executed on the live account due to re-qoutes, slippage, latency etc. So test the Sequel Trader HFT Software on the live account once you get a satisfactory performance on the demo account.

News Trader FX Software is a news reactive trading strategy system that has been developed by Sam Bateman from Surrey UK. This News Trader FX software made $388,538.22 in 6 months of trading for Sam Bateman. Sam Bateman started trading with an initial deposit of $10K. The profit factor was a staggering 65.02. You can take a detailed look at the News Trader FX screenshot posted by Sam Bateman.

As you can see the gross profit made during these 6 months of live trading was $394607.64 while the gross loss during these 6 months was $6,096.36 which is pretty small as compared to the gross profit made. Sam Bateman is claiming that he has got over 12 years of forex trading experience. During these 12 years of forex trading, Sam claims to have perfected a news trading strategy that helps him forecast the price fluctuations with shocking accuracy.

You might be aware of this fact that news moves the currency market big. Economic news announcements can move a currency pair 100-200 pips in a few hours very easily. The more volatility is there in the market, the more chances of making pips. The only thing that you need to master is how to tap into this market volatility that is caused by the news announcement.

Take a look at the above screenshot. It shows News Trader FX making an easy $900 profit trading a news release. You can take a detailed look at the six months monthly returns posted by Sam Bateman. The lowest monthly return made by News Trader FX was 10.29% while the highest monthly return during these six months was 46.33%. According to Sam, conventional trading systems are not giving good results in the present market. Only thing that works is news trading and he has perfected a news trading strategy that is working for him very well.

If you want you can download this news trading software and test it for two months on the demo account. It comes with 60 days of no questions asked money back guarantee. So if this News Trader FX does not give good results, you can always get a refund within this period of 60 days. It is always a good practice to test a new software on the demo account thoroughly before you take the risk of trading live with it. Just install the News Trader FX software on your demo account and let it run for one month at least. At the end of the month do a check and see how well it had performed during the month. If the performance is not good, simply get a refund.

The original Fish Forex Robot was released in May 2010 by Rita Lasker the CEO of Green Forex Group, some 2 years back. According to Rita Lasker, the market situation has changed a lot but her Fish Forex Robot 4G has been showing and continues to show stable and profitable performance. In these 2 years, there were 14 updates and almost 3 major design changes to the algorithm. But over these two years, the stable and consistent performance of Fish Forex Robot 4G shows that the principle on which it is based is flawless and solid.

Fish Forex Robot 4.0 does not use indicators in it’s algorithm. This EA only trades EURUSD pair on the H1 timeframe and uses the following fact that is repeated daily on a regular basis. This EA uses the EURUSD exchange rate between the daily closure time of the open outcry trades and the opening of the CME Globex Electronic Trading Platform. At the closure of the open outcry trades at 15:00 EST or 3 PM EST, a target is formed for the opening of the 15:00 bar.

Two pending orders are placed. One is the Buy Limit Order and the other is the Sell Limit Order. EURUSD price fluctuates between 10-40 pips and when the CME Globex exchange is opened at 18:00 EST, the price reaches it target in almost 84% of the trades. In 16% of the trades where the stop loss is hit, the drawdown is recovered by the 3X Adjustment Order with 15 pips TP order.

According to Rita Lasker, the algorithm has been further improved making is almost impossible for the broker to detect a large number of pending orders placed by a large number of traders. As you can see this robot does not require the use of tricky indicators. In 4 1/2 months, Fish Forex Robot 4G (4G means 4th Generation) turned a deposit of $5K into $17.682K making a nice profit of $12,682 using an initial lot size of 1.5 lot.

You might be wondering how many pips this robot makes daily. Well, it makes around 10 pips per day on average. In 20% of the trades, it will be 30 pips per day. In certain exceptional cases, it even makes 40-60 pips per day. The algorithm has been improved drastically as stated above and now you don’t have to worry about adjusting the time shift between the EST  and the time of the trading terminal. The robot will adjust the time automatically.

However, keep this fact in mind that the algorithm contains an element of Martingale. This happens when the initial order is closed by a stop loss, this immediately opens an Adjustment Order in the opposite direction in order to compensate for the loss. Now in some cases this Adjustment Order can also result in a loss though the probability of that happening is quite low. When you calculate the initial stop loss, you should take into consideration the Adjustment Order Stop Loss value. Using very conservative risk settings, you can increase the account equity  by 50% per month by just making 10 pips per day. There is 60 days of no questions asked money back guarantee. First test Fish Forex Robot 4G on the demo account thoroughly and only trade live with the Fish Forex Robot 4G when you have tested it thoroughly.

Forex Auto Winner Software uses a variant of the Ross Hook trading method. Ross Hook trading method is applicable to many markets. It can be applied to the forex market as well. Ross Hook pattern is considered to be a leading indicator and many pro traders use it in their trading. The Forex Auto Winner software developers thought of automating this method and were able to use statistical data to identify the best market conditions to apply the Ross Hook trading methodology.

Ross Hook is a chart pattern discovered by Joe Ross and explained in detail in his famous book, ‘Trading The Ross Hook.” Joe Ross is an editor at the Forex Factory site as well. However his Ross Hook trading method can be applied to any market. You can read this book if you want to understand how to manage these Hook trades once they are initiated plus how to manage the risk and take profit. Ross Hook patterns can be traded on almost any timeframe. But the higher timeframes are the most suitable for this chart formation. 123 formations with the Ross Hook can give you high probability trades.

However, not much has been revealed by the developers of Forex Auto Winner about the performance of their forex software. No mention is made of any forward test or any live trading results. The only thing that is revealed is that this Auto Forex Winner Software grows the account slowly and steadily with low risk. A backtest statement has been posted showing a backtest with 90% modelling quality.

Since there is a 60 days of no questions asked money back guarantee with this Auto Forex Winner Software, you can download it and forward test it on the demo account for one month to check what can be the performance of this forex robot. If it gives a return of more than 10% per month with a drawdown that is not kore than 5%, you can think about further testing it. However, if the return is poor and below 10% while the drawdown is above 10%, you should get a refund. When you download Forex Auto Winner v.5, you will also be able to download the User Manual as well that can help you in this regard. There are many pro traders who are interested in developing an EA on an indicator based on the Ross Hook Trading Methodology. If you are one of them, this Forex Auto Winner EA might be of some help as it is a Ross Hook Trading EA.

1ClickPips turned a deposit of $1,005 into $163,624.94 in 1 month. The max drawdown during the month was 11.06% and the profit factor was 2.95. A profit factor of 2.95 means for each $1 loss, 1 Click Pips Forex Robot made a profit of $2.95. A few 1ClickPips screenshots have been posted by Jeffrey Montell the developer of this forex robot to prove that the trading results are real. However, it would have been a better idea to post the link to the third party site MT4i.com site. This has not been done. However you can take a detailed look at the 1ClickPips EA screenshot below:

However, these types of screenshots can be easily Photoshopped. As said above, if this robot was that good, it would have been a good idea to post a direct link to the MT4i.com site. This casts some suspicion on the performance of this forex robot. Jeffrey Montell has also posted a video where he shows the live account of 1ClickPips robot. The deposit is $1005. He installs this EA on the EURUSD H4 chart, chooses the lot size of 0.5 and slippage of 3. Then he leaves the EA on the chart and rechecks again after 2 weeks. After 2 weeks, the balance is already a staggering $68,242.41.

The important question is can you trade with a lot size of 0.5 on a deposit of $1005. Now a margin is required if you want to open a position. This margin is set aside by the broker from the deposit amount in order to cover the new open position. As the video shows, Jeffrey Montell opens a position on EURUSD with a deposit of $1005 using a lot size of 0.5. The margin requirement would be:

Margin=Standard Lot*Quote*Lot Size/Leverage

Suppose the quote is 1.3145 and the leverage is 200. In this case the margin would be around $328. The free margin or what is known as the float would be $676. If the stop loss is 67 pips, this would mean having at least $670 in the account in order to cover this loss and avoid a margin call from the broker. Now the stop loss could be 5 pips, 10 pips, 30 pips, 50 pips or even 60 pips. Jeffrey Montell does not reveal that. But using the above lot size of 0.5, it is very much possible to start trading with a deposit of $1,005. What it reveals is a very very high risk settings that he is using. The profits shown in the video are in the range of $30-$60 while the losses are in the range of $8-$10 meaning this software is going for small profits. However you can yourself watch the video and make your own judgement.

If you get interested, you can download 1ClickPips Software and test it on the demo account for one month. Use the same lot size as Jeffrey and the same amount of $1005. At the end of the month, check what was the performance. If the performance is not anywhere close to that shown in the video, you should go for a refund.

EM Innovations Team have posted demo and live trading results of CloveriX, IrisFX, PointerFX and LongRunFX EAs on the third party verified site myfxbook. EM Innovations team is making a few recommendations and suggestions regarding how to trade with EAs. Some of these recommendations are as follows:

1. Backtesting results are not accurate. This is mainly because of the fact the when you download the historical data, you download way less ticks and the historical data gets correlated by the broker. Best data is gathered using real time streaming.

2. Instead of backtesting, forward testing on a demo account is a  much better choice.

3. EA performance is highly dependent on the broker and can vary from one broker to another.

4. Always forward test or demo test an EA before trading live with it.

These are good suggestions. Keep these recommendations in your mind when testing a forex robot or a forex ea. Let’s discuss the CloveriX, IrisFX, PointerFX and LongRunFX EAs developed by the EM Innovations Team.

 CloveriX EA

A real account statement of CloveriX System has been posted on the third party site myfxbook. Monthly gain is 10.14% with a drawdown of 9.82%. You can take a detailed look at the myfxbook CloveriX EA statement. It’s monthly returns for 2011 are as follows. In July it made 17.22%, in August 33.76%, in September 4.63%, in October 32.24% in November 7.05% and in December 7.54%. In the same manner, you can take a detailed look at 2012 performance of CloveriX EA. You should also take a detailed look at CloveriX EA demo account statement posted on the myfxbook site plus the backtesting results of CloveriX System as well.

IrisFX EA

IrisFX EA two demo account statement has been posted on the myfxbook site. One IrisFX EA demo account statement shows a monthly gain of 17.51% with a drawdown of 20.81%. In the second IrisFX EA demo account statement posted on the myfxbook site, the monthly gain is 9.88% with a drawdown of 6.41%. You should take a detailed look at this IrisFX System two demo account statements especially the monthly returns being made by IrisFX EA. Also don’t forget to take a detailed look at the backtesting statement of IrisFX EA.

PointerFX EA

PointFX EA demo account statement posted on myfxbook shows a monthly gain of 19.38% on average with a drawdown of 12.96%. In 2011, in September PointerFX EA made a return of 59.50%, in October 43.18%, in November 17.74% and in December 8.94%. You should take a detailed look at the demo account statement of PointerFX System posted on the myfxbook site.

LongRunFX EA

LongRunFX System demo account statement that has been posted on the third party site myfxbook shows a monthly return of 18.47% with a drawdown of 8.65%. You can take a detailed look at the LongRunFX EA demo account statement posted on the myfxbook site.

You can try anyone of these EM Innovations Team EAs. First test them thoroughly on the demo account. Use the risk settings of 1%. Only trade live with anyone of these CloveriX, IrisFX, PointerFX and LongRunFX EAs once you are satisfied with the demo trading results. Try to get a monthly gain of above 10% with a drawdown of less than 5% on the demo account for at least two months before you decide to trade live with EM Innovations Team Forex EAs.

Forex Smart Bot has been developed by Steve Evans. Forex Smart Bot turned a deposit of $5,000 into $157,702.8. In another live account, it turned a deposit of $6,000 into $99,689. Steve Evans says that he is a full time forex trader with 20 years of trading experience. Forex Smart Bot is not a one line code EA. It is a pretty sophisticated hybrid robot that employs a mix of long, medium and short term strategies. Forex Smart Bot will adapt its trading strategy in accordance with the market condition. If the market is trending, it will use a trend trading strategy and if the market is ranging, it will use a range trading strategy so that your ROI is optimal.

Forex Smart Bot Uses Auto Associative Memory Algorithm

Forex Smart Bot knows what currency pair to trade and when. It has got the Auto Associative Memory Algorithm that helps it check the mood of the market and then pick the right short, medium or the long term strategy to trade. Intelligent risk and money management algorithm is build into it so that there is a max number of orders it can open at one time as well as the max allowable drawd0wn. In other words, Forex Smart Bot chooses the best currency pair to trade in accordance with the short, medium and the long term trading strategy and ten automatically decides the best trade settings.

There is a detailed Forex Smart Bot user guide as well as detailed manuals. There is a 60 days of no questions asked money back guarantee. So if you get interested, you can download Forex Smart Bot, go through the user guide as well as the other detailed manuals. Once you have gone through the user guide, install the robot on your demo account in accordance with the user guide instruction and then let it trade for a full month.

At the end of the month, check what was the return and what was the drawdown during the month. If you don’t get good results, return Forex Smart Bot and get a refund. In case you get good results, further test it on a live account with a small deposit of $500 using the risk setting of 1%. If you get good results with this risk setting of 1%, you can think about trading with Forex Smart Bot using a bigger deposit of $2K 0r $5K.

Forex Illuminati Robot turned a deposit of $1,500 into $1.352 million from Jan 2007 to August 2011 in around 4 years. The monthly gain was 11.29% and the max drawdown during this period of 4 years was only 3.82% which is quite good. Forex Illuminati team comprising of 9 forex traders has also posted a monthly return made by Forex Illuminati in 5 years of live trading. The risk setting used by Forex Illuminati team was 1%. You can take a detailed look at the Forex Illuminati month by month performance. No month had a negative return. The lowest return made by Forex Illuminati Robot in 5 years of live trading was 0.03% and the highest return made during these 5 years of live trading was 25.79%.

Nothing compares with the live trading results. Forex Illuminati Robot team has posted the live trading results achieved by Steven Johansson, the monthly gain was 29.26% and the drawdown was 9.48%. Steve Johansson was able to turn a deposit of $5,000 into $64,261 starting from June 2011 to December 2011. There are other live performance results also posted. For example, Ronald Sawyer was able to turn a deposit of $1,000 into $103,078 with a small drawdown.

Forex Illuminati team is giving 60 days of no questions asked money back guarantee. If you get interested, you can test drive Forex Illuminati Robot on your demo account RISK FREE for 60 days. Testing is always a good idea. Never ever trade live with a forex robot without first testing it thoroughly on your demo account. Forward testing helps in two things. First it helps you get more familiar with the robot. Second after testing you can make a judgement whether this robot is worth trading live or not. If the robot does not perform well on a demo account, simply take it as a proof that it will never work on a live account. Simply get a refund.

This is what you should do. Setup the Illuminati EA on your demo account with the risk settings of 1%. Let it run for one whole month without interruption. At the end of the month check what was the return and what was the drawdown. If the return is more than 20% and the drawdown is less than 8%, you can think about further testing Forex Illuminati on a live account with a deposit of $500. Incase the return is less than 20%, check the settings whether they are correct and not. After satisfying yourself with the settings, let it run for one more month on the demo account. If the return is again below 20%, simply return Forex Illuminati.

Volatility Factor EA is another innovative automated trading system developed by the Wall Street Forex Robot team. Volatility Factor EA made a gain of 48.3% with a drawdown of 11.19%. The monthly gain was 12.63%. During three months, Volatility Factor EA made 2,800+ pips which comes out to be more than 900 pips per month. You can take a detailed look at a number of Volatility Factor EA live and demo account trading statements posted on the third party verified myfxbook site. In one demo account statement posted on the myfxbook site, it made a gain of 53.93% with a drawdown of 4.58%. Wall Street Forex Robot team enjoys a good reputation. There Wall Street Forex Robot has been giving a good performance over the years since it launch. The Wall Street Forex Robot team comprises of professional forex traders and programmers. Volatility Factor EA has been optimized to trade the lucrative GBPUSD currency pair.

Volatility Factor EA Powerful Market Impulse Algorithm

Volatility Factor EA algorithm is based on Market Impulse Trading Strategy. Mostly this strategy trades in the direction of the main trend in the market. In some cases it also profits from the corrections in the market. A lot of research has been done to make this strategy perfect. Trading in the direction of the market ensures that most of the trades end up as winner. Market volatility is used to calculate the entry and exit points. A trade on average generates 10-15+ pips profit. Volatility Factor EA watches the market closely and tries to capitalize on these market impulses using fast trades combined with sensitive risk management rules. A lot of time has been spend in perfecting the Volatility Factor robot market modelling.

A trading channel is carefully mapped by the algorithm. The algorithm is pretty fast and can easily manage 2-3 trades per each session. Rigorous backtesting was done to fine tune the algorithm. You can take a detailed look at the backtesting results that have been posted by the developers. The win rate was more than 80% and the profit factor was something like 2.5. You should also take a look at the live and demo account statement posted on the myfxbook site. These are the most important features of Volatility Factor forex robot:

1. Rapid Trading with Market Impulse Levels

2. Optimum Money and Risk Management

2. Price Spread and Slippage Protection

3. NFA and FIFO Complaint

In short, Volatility Factor forex robot is based on a real strategy that has been further made powerful with advanced programming, money management and risk aversion rules and advanced analytical technology.

Testing Volatility Factor Forex Robot

First take a detailed look at the live and demo account statements posted on the myfxbook. Also don’t forget to analyze the backtesting results. If you are satisfied and want to test this forex robot, you can do so for a period of two months as it has got 60 days of no questions asked money back guarantee. Volatility Factor forex robot works with any account size from micro, mini to standard. First test it on the demo account for one month. This will help you get familiar with the forex robot. During live trading it made 2,800 pips in 3 months which comes out to be around 900 pips per month . Keep this fact in mind. On the demo account, it should also make something like this. If it doesn’t, maybe you have chosen the wrong settings and you need to further tweak and fine tune the settings. Once you start making 800-900 pips per month on the demo account or something close to that open a live account with a small deposit of $250 and choose the lot size settings of 0.03 lot. With this lot size settings, if this robot makes 900 pips in one month, your profit will be $270 and the return will be almost 100%. If you don’t get good performance in one month of demo trading and you are not satisfied, simply return the Volatility Factor Robot and get a refund.

Quantum EA robot was launched sometimes back. Mark Allen is the developer of Quantum EA. A number of live account statements verified by a notary public Rick Carnell from San Diego, California have been posted by the developer Mark Allen. One Quantum EA live account statement shows a gain of 246.11% made in around 1 month. Another live account statement shows a gain of 169.8% made in around 2 months. Another statement shows Quantum EA making 3,266 pips in around one and a half month. Then there is another verified statement showing Quantum EA making 4,353 pips in less than a month. One Quantum EA verified statement shows a monthly gain of 532.1% made in 125 trading days. The profit factor was 3.46. Then there are a couple of bank account statements. Astonishingly the drawdown is very low something like 4.25%.

You should take a detailed look at these live account statements. Mark Allen is providing 60 days of no questions asked money back guarantee. If you get interested, you can try the Quantum EA on your demo account for one month. Install it on the demo account chart and then let it run for one month. At the end of the month, do a check of the performance of this robot. If the return is good something above 30% in one month and the max drawdown is lower than 8%, you can think of further testing this robot. If the return is not good, simply return it and get a refund.

Demo testing is also known as forward testing. A good forward test is not guarantee that a robot is going to perform well on a live account. There are many things that don’t happen on a demo account. For example, you won’t find slippage in a demo account. You will also not get re-qoutes in a demo account. There is no latency issues. But when you switch over to a live account, these things can drastically affect the performance of a robot. Only way to discover whether a robot is going to work well on a live account is to trade live with it using a small deposit something like $200-$250 with the lowest risk settings. If it gives good performance, you can think about increasing the deposit. Always make it a rule to thoroughly test a new robot before you trade live with it. First test Quantum EA thoroughly, only then take the risk of live trading with it.