Escon deOjo's Forex

I have just heard about a new system:

FRWC Royal Trader consists of top 5-7 foreign exchange bots from the foreign exchange Robot World Cup competition that is about to end. Not only do these bots are the top performers, they run with a constantly updated live statements available for everyone to see for almost 2 months. In addition, it is sponsored by FXCM and Boston Technologies.

FRWC’s Royal Trader will consist of the top 5-7 winning Expert Advisors from the competition according to the final performance results of the live trading phase. You will get lifetime access to a members area which will include contact information for email, ticket-based and telephone support, a knowledge base, frequent live webinars, special guest interviews, an EA Lab and more.

It will also include a special brokerage bonus sponsored by FXCM, as well as installation assistance and support via phone, email, live webinars, videos and/or PDFs…

Can’t hurt checking out. It seems interesting.

A new currency trading system:

Pip Android is the “most intelligent Forex system” that promises remarkable accuracy and profitability. Most importantly, it will show live trading results to back up its accuracy, once it goes live.

Pip Android’s main features:

Provides live results updated every 10 minutes.
Trades in different market conditions (ranging, sideway, choppy, and trending markets).
Has a profit and drawdown protection system.
Works with any broker…

You don’t see such systems every day.

Check it out:

Forex Powerband Dominator is a manual Forex trading system that works on any time frame with any currency pair, and is good for scalping as well as long term trading.

The system is sold in a package of:

A comprehensive trading manual that teaches you everything about the Forex Powerband Dominator system.
Video modules that cover: platforming and charting, how to plot “fixed” and “dynamic” support and resistance areas, how to use price action and candle formations to give you a real edge in the markets, entry techniques, the best use of time frames, position management, and more.
The demonstration of the system on live trades.
The Cheat Sheets with the step-by-step entry rules.

The Forex Powerband Dominator website doesn’t provide live trading statements, which would help us to make a better evaluation of the system before buying it, but it shows us two trades on the video…

You should at least take a look, I think.

I’ve just received a notice about a new program:

USDBOT is a 2 in 1 EA for two currency pairs – EUR/USD and USD/JPY. The system is built around a strategy of a group of veteran currency trading traders, which has taken them years to perfect. The program was built using the adaptive neural network technology which takes into account common trading strategies in addition to its own. Thus the program is able to adapt to different market conditions or trends.

The system is easy to install, it’s beginner friendly and most important of all, it comes with a live support chat for its users…

I don’t see things like this every day.

Have you heard about this?

Forex Mercenary is a stand-alone foreign exchange signals software developed with its own AI and based on statistical models for each currency pair. The stand alone software doesn’t need any extra platform (such as Meta Trader) and it generates signals for short-term positions. As such it should generate several signals a day.

While there aren’t many numbers for me to crunch on (at least yet), I do have one statement that shows a 96.62% winning rate. It also shows an average profit trade of $50, and an average loss of $50 as well. I don’t have the exact information about the stop loss and take profit of Forex Mercenary but these two numbers give a good hint of a risk/award ratio of 1…

I am not telling to buy it, but itis interesting enough to take a look.

Here’s something of interest. I sure think it is:

Forex Mutant is a signals software and an advanced non-automated trading system. The trading strategy behind Forex Mutant is said to be 90.3% successful…

This is interesting.

Here is something fresh. I am not convinced if it is good, but perhaps may be interesting nonetheless.

“The AI Forex Robot is another Forex robot that claims outstanding results by using Artificial Intelligence technology. Once again though, there’s no more detail about how it implements the AI and how it makes the bot better.

Besides the AI, this foreign exchange Robot has an advanced stop loss, an advanced take profit, it works in auto and manual mode, it comes with foreign exchange trading course (good for beginners who want to learn foreign exchange), 24/7 support and easy installation.

The testing results provided by AI Forex Robot is a bliss…”

I recommend it as it really looks promising.

Here’s something interesting:

Forex Twister is new long term Expert Advisor that among its unique features declares a 95% success rater and Artificial Intelligence under the hood. The bot works with all major currencies and any type of Forex brokerage company that works with MetaTrader4 platform.

It also has money management system which allows you to enter your own rules as well…

It might be worth it.

I often get asked if FAP Turbo still works. It’s an old robot and one would thing that given the short life span of these robots, it would not work anymore. No, this EA works, even one year down the road. It’s quite surprising really, as I said very few programs can work that long.

But people still buy it and use it. There are many new users as well as old ones and most of them make money with FAP Turbo. So to answer the question if it’s still good, I can confidently say yes, it is.

Artificial Intelligence (AI) is sometimes used in Forex robots. One of the first popular robots to use it was IvyBot. It has employed AI to adapt to market conditions, which is a huge obstacle for expert advisors. If it worked, should have been obvious after a few months of activity.

Unfortunately, IvyBot didn’t do anything significantly better than other robots, perhaps because the AI was too primitive or perhaps this technology still has a long road to go to be of better use. The bottom line is that currently there’s no big advantage of having a Forex robot with AI or not.