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Forex Robot List
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The purpose of this page is to list a number of robots and their sales pages in order to allow you to check out what the supplier says and make a decision whether you wish to test it or not. In addition to that I will pass on any comments from other SST traders to give you a bit more information on which to base your decision. I will add my own comments where I feel it is appropriate but please remember the decision to buy and test these robots is yours. Once again I must stress that you thoroughly test any robot on a demo account and only when fully satisfied transfer it to a live account. Have fun testing and if you have any feedback on specific robots please send it to me by clicking here.
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Robot |
Comments |
Forex Monster |
NEW 15th Dec 09 The hardest part about developing a robot is to be able to get it to perform in different market conditions. This contains scalping, breakout, grid and trend trading in 1 package. An excellent combination that should allow for good results in all market conditions. Take a look at their impressive website and claims. |
Forex Monster |
8th July Just launnched. I know no more than what's on the sales page. Use the link on the left to take a look. |
Forex Gridbot |
26th June Another convincing sales page this robot was designed by people who worked for a bank but I don't know any more about this one than you can read on their website. If you test it please let me know how you get on. |
Forex Espionage Link to Forex Espionage website & video |
4th June Just available on the market. I know little about this one but if you follow the link (left) there is an excellent, very convincing and comprehensive video to explain the details - which include 90% winning trades and 48 hour support for life. It is only $97 and comes with a 60 day guarantee. I will be testing this one myself. Incidentally, there is an optional "Forex Advanced Guide" at an additional $77 but you don't have to buy it. There are two Robots in the package - Espionage and Espionage Turbo. UPDATE 23rd June - So far so good. Not many trades but in 11 trading days I am up 1,775. The Turbo version has produced virtually all the profits using the default settings on GBPUSD 15min. |
Forex Magic Machine |
8th May Independent test by Forex Peace Army shows good profit but contradictory reviews - be careful this one could be a scam. |
The Pips Leader |
30th April |
Forex Insurrection |
15th April Has a video to watch if you follow the link on the left. Claims to make $21,384.55 in a month. I know nothing more about this one so I suggest you follow the link on the left and take a look for yourself. |
Forex MegaDroid |
30th March The report from Forex Peace Army backs up the above comments. |
Forex TRACER |
5th March It was bought to my attention by an SST Member who just started testing it. If I get further feedback I will post it here. |
Automatic Forex Crusher |
5th March It was bought to my attention by an SST Member who just started testing it. If I get further feedback I will post it here. |
FAP Turbo |
The suppliers (three self confessed "geek's") are very serious about this and provide regular updates. I have tried this and felt it was one of the ones I needed to devote more time to testing but was distracted by building my own. The supplier claims are high and I have had one report from an SST Member who said he typically has lots of small gains through the day with very few losing trades. So far he is impressed. Another SST Member (Dave) said it has promise and made money initially then had a losing period. Another member, Len, says it works better on certain currency pairs than others and over the period he has been testing (3 weeks) some currencies (EURCHF & USDCAD) are showing good profit. You get regular emails from FAP Turbo suggesting new settings and perhaps you have to stay on top of that. It does seem to be about the biggest selling EA on the market at the moment. Juan (SST Member) says "It is a good money maker if you closely follow the settings. Support is good and fast. A good investment, he recommends it." Sandy (SST Member) has had it running since 1st Dec and reports good profit particularly in the early days. There are two strategies built into the robot, a scalper and a longer term strategy. Reports say that the scalper is good if you have tight spreads but NOT the longer term strategy. Al (SST member) tested it over three months and made 2188 profit on a 5000 a/c which is pretty good by any standards and is switching to a live a/c using the Scalper on USD/CAD, EUR/CHF & EUR/GBP all on 15 min charts. On the MT4stats website it shows "Donnaforex" turning £200 into £1000 in 7 months on a live a/c using FAP Turbo.
A pretty good independent report from Forex Peace Army and some good reviews. Recommended to try. |
Roboteer
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This was programmed by the same guy who programmed SST ProPlus for me. A clever guy who has worked with a long time Forex trader to produce a VERY clever robot. It incorporates three different trading systems. Results are posted on the website and are impressive. I tested this one for a few weeks but then a new version was launched and I haven't got back to it again yet. Juan (sst member) says he made profit initially but then had some losing trades. Another one that's probably well worth a try. |
Forex Auto Cash Robot |
The suppliers claimed massive gains and almost zero losses from this. I purchased it and after three days it made a loss and the suppliers released a new version. I have not managed to get the new version running and their website says "Sold out - concentrating on customer support", I have not received any customer support. At the moment I am not impressed. SST Member Dave had the same experience as me. |
Forex Funnel |
A report from Randy (SST Trader) on this. It trades USD/JPY only and 98% short trades so if the price is falling you make money (which he did for two days). The price then reversed and wiped out his demo account of $3,400. He would not recommend it. |
Forex Ambush 2 Link removed |
Trades for an hour a day and the supplier says you get 1600% monthly. I have not tested this one. Worth a look, the sales page is impressive and this one is selling in quantity according to my sources. If anyone tests it please provide feedback. Worth testing. 2nd June - looks like it has been withdrawn. |
Forex Bull |
Nice simple website with some good live trading results to look at. One of the most popular robots on the market. According to John (SST Trader) this one is worth testing. He has tested it for over a month and is very impressed so far and he says the after sales support is good. |
Forex Terminator Withdrawn |
$60,258 in 60 days according to the website. This robot looked impressive and has great testimonials. Another one that was apparently selling like mad yet strangely has been withdrawn from the market. |
Forex Boomerang |
Back tests are very impressive with 70% winners and made massive profit. On one back test it made £307,000 from a start of $500. I haven't tested this one yet but intend to. Video on the sales page is worth watching. Has anyone else tested it? Results of Forex Peace Army independent testing. |
Forex AutoPilot |
This is not to be confused with F.A.P.S. (Forex Auto Pilot System) mentioned above. This one is a system by Marc Copeland and I can no longer find the URL for his site so it has probably been withdrawn. I tested it and it was one that made a lot then wiped out so if you come across it my advice is - don't touch it. SST Member Dave says "A disaster". |
Trading From Home |
Another popular robot that claims to be "The newest hottest Forex software on the market blowing the competitors out the water with cutting edge technology and precision trade signals". Not sure I can add to that except to say be wary of hype. However it is popular. |
PipZu |
A new one on me. I came across this almost by mistake but it looks very professional. It claims to be the lowest risk robot to date and will make $100 to $600 per trade on a $5000 a/c. Trades EUR/USD on a One Hour chart. Anther one worth testing. |
Forex Breakout System |
A great principle. I haven't been able to test it yet The website just has an honest feel about it. Anyone had any experience with this one? |
Range Trader Link to RangeTrader website |
I had this on test for a long time (about two months) and it made a bit then lost a bit and ended up down by a bit! The conclusion I came to was that it was a break even kind of system. Never going to set the world alight but may make you a small profit. SST Trader, Len says it does well in a strongly trending market. |
Forex Automoney |
Mark in Toronto wishes to point out that he has had a bad experience with this company and their impatience and inability to answer his questions. |
Trading Profit Booster |
I have lost the address for this - perhaps the site has been taken down but I never managed to get it to work. If anyone has any reports on this let me know. Be careful if you come across it. |
Forex Miracle |
Harry (SST member) could not get this EA to to install and support seemed almost non existent. Any other experiences? |
Please let me know about robots you have tried or tested and I will post up your comments to help others. |
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