12.28.09 We have to restart our Demo Test with the different broker as our Alpari UK demo account #1269350 got disabled. Possibly the reason why it was disabled lies in multiple open trades that got accumulated over 5.8 testing weeks and it took too much resources on Alpari UK servers, who knows While there is a possibility that many of the open trades could be closed with profit at a later date, at the moment account got disabled Forex Robot No Loss was -7.67% down on equity (-1.52% average equity lost weekly).
11.18.09 No Loss Robot might become an answer to the prayers of the users of extremely popular and highly rated
HAS MTF Robot by Don Steinitz.
As you can see, we also
extensively tested it without conclusive results… The EA has innumerable parameters for the fine tune up and Don’s position is “I am giving you a powerful tool – it’s up to you to make it work”. And apparently there are enough traders out there who could do it, not us :-(
No Loss Robot with its “pick 10 pairs with the spread of 5 pip or less and the robot will do everything else” thus would perfectly fit “Don Steinitz for Dummies” series.
For our test the pairs are: EURUSD, USDCHF, GBPUSD, AUDUSD, EURJPY, USDJPY, GBPJPY, USDCAD, EURGBP, GBPCHF
I would only ask Don either upgrade the web hosting or provide user manuals in readable format- video instructions are nearly impossible to watch.
(Gross Pips: 3618.2)
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Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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