We haven't tried the EA from AIForexRobot.com. If you've let this robot autotrade forex for you, please leave a review here.
UPDATE: The FPA is conducting a performance test of this EA. Please click the link towards the upper-left to follow the results.
Denson, Arizona
Rating:
Date of Post:
2010-07-17
Review:
Typical Robot seller - buy today for only $97 as the price will soon be $299. Traded it for 6 days. 11 losers, 1 winner. This EA seems to open the trades right at the zeneth of a trend change, then you watch your account go bye-bye as it invariably hits the S/L. It's a killer when markets range, which is about 70% of the time. Winners do NOT make up for the losings trades.
Barry Hendriks, Secunda, South Africa
Rating:
No Rating
Date of Post:
2010-06-27
Review:
I have seen that the same DEFAULT settings, risk etc on different brokers gives different results.
AlpariUK: 38% equity gain
FXCM: 104% equity gain
Forex Meta: 145% equity gain
Thus bad performance on your broker, while somebody else on another broker might report contradicting brilliant results. Other robots tested on Forex Meta will provide BAD results. So what I am trying to say is, TEST on more than one broker to get the best match for a particular robot. On my own broker (AvaFX) this robot runs at a loss of -12%. In the end you might consider opening more than one account to cater for all your robots. I have even seen that one robot that trades different currency pairs should also follow this strategy as while the EUR/USD will perform on one broker, the EUR/JPY performs better on another broker - thus if you only delpoy on one broker only you might achieve say +20% and +15% = +35%. If you deploy best results of 2 brokers, you might achieve +20% and +30% = +50%.
I trust you will find this observation profitable for your robots.
Barry
kea, WA
Rating:
Date of Post:
2009-12-08
Review:
I ended up buying this recently. Poor performer and I don't see much AI involved in this. It looks more like enter and hope. I checked the journal and noticed that it loads the Heikin Ashi indicator. Another Don Steinitz cloned EA. Since the market ranges the majority of the time, this thing has brought me some big losses since I've had it on my FXDD account. If you want to flush your money down the toilet, buy this.
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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Disclaimer and Risk Warning. Please read.
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.
Disclaimer All information posted on this website is of our opinion and the opinion of our visitors, and may not reflect the truth. Please use your own good judgment and seek advice from a qualified consultant, before believing and accepting any information posted on this website. We also reserve the right to remove, edit, move or close any post for any reason.
Advertisements Warning Advertisement links are displayed throughout the site. Some pages in the site may contain affiliate links for products. These advertisements and/or links do not reflect the opinion, endorsement, or concurrence of this website or affiliated parties. The FPA's reviews are never influenced by advertising. Some ads might contain potentially misleading and/or unbalanced claims and information that may fail to disclose risks and other important considerations involved in speculative trading.
Spammers be Warned If you spam the FPA's forums or reviews, we reserve the right to edit your post in any way we please to make fun of you. By spamming us, you agree to any edits we make and to take no legal or other actions against the FPA or its associates for anything we do to or with your spam.