Some Updates

Dear FX Robot Man & Advanced Droid Tactics Readers:

In this update:

1. New ADT v5.0
2. August Performance
3. ForexVPS
4. Forex Bling Bonus

1. New ADT v5.0

As a result of the recent losses that some of you have been experiencing on the Overlap setup I have decided to change the recommended settings. Basically we will only be using Aggressive = FALSE from now on for all charts and all setups in the ADT method.

I have updated the PDF to v5.0 with the new settings, and the corresponding changes to the Risk Tables. Also in the new v5.0 I have expanded the Installation Instructions for the Profile Reset Indicator to include instructions for the Auto Installer, and updated instructions for installing the files by hand.

There is no need to go through the checkout process again for the update. The new version of the PDF is available for download in the Member’s Area of the website. No changes have been made to the Profile Reset Indicator at this time – so there is no need to re-download those files.

2. August Performance

I continue to have connection issues with my demo server, but will be moving to a new ForexVPS account now that they have increased the available memory on their service.

The ADT Overlap and Unified were trading with the old settings and higher risks at the beginning of August so don’t make too much of the performance difference between those two and the ADT Hybrid which came on a bit later with lower risks.

Either way the ADT method shows a substantial advantage over the default MegaDroid settings.

• MegaDroid Default - Loss (-7.2%)
• ADT Overlap Setup - Profit +16.2%
• ADT Unified Setup – Profit +16.9%
• ADT Hybrid Setup – Profit +7.4%

4. ForexVPS.com

I have tried several different VPS services and they all have good and bad features. I know some of you get VPS hosting from your brokers, and there are many VPS options out there. However, I have been reasonably happy with ForexVPS.com and they recently upped the RAM memory for each of their accounts. If you have been considering a VPS host for your forex trading you might have a look at their new specs :
http://www.forexvps.com

5. Forex Bling Bonus

I am guessing that many of you are being bombarded with emails regarding the new Forex Bling package of EAs that was created by the folks at Forex Hope. I purposely do not send my customers very many promotions because most the EAs that come out are garbage. Right now I can’t say whether Forex Bling will be good or not, but I have been following the developers of this package for several years now. They have been around for a while and they support their products. It is offered through ClickBank so if it turns out to be crap then just as k for your money back.

Because many of you will probably purchase this package anyway I wanted to offer you a bonus if you decide to purchase through my affiliate link. http://www.fxrobotman.com/recommends/forexbling

I have have been working on a package of MT4 tools that I developed for myself to make my trading easier and to automate some routine functions I perform. I still need about 2 weeks to write the instructions and get them ready to distribute, but if you purchase Forex Bling through me I will give you some of these tools for FREE:

• “Order Entry Scripts”
  These scripts allow you to enter Market Orders and Limit Orders and set the take profit and stop loss values in Pips as opposed to calculating the exact price each time. In addition, these scripts will automatically calculate your position size based on your stop loss and the % risk you want to take on the trade.
• MetaTrader Restart Indicator
  MetaTrader is notorious for eating up the memory on your VPS server no matter how efficient your EAs or Indicators are. Wouldn’t it be nice to have an indicator that can automatically close and then restart all of your MT4 terminals on the day and time of your choice? My Restart Indicator launches a customizable batch file that will close all of your MT4 terminals and then one by one bring them back on. You can specify the day and time you want to restart, and also tell it to only restart if there are no open trades.

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That is all I have for now. As always please feel free to email me with questions or comments.

Best of Luck with your Trading,
Ben

Performance Review: June 21-27

The EUR/USD pair continued to chop around this week, which was great for the MegaDroid, but provided limited opportunities for EURO-BLASTER v2. However, the nice surge to the upside on the EUR allowed EURO-BLASTER to close out (at a profit) the trades it was carrying at a loss from the previous week. I decided to add the EURJPY pair to the M5G Cyborg this week, however, EURJPY and USDJPY basically triggered the same trades, so there is just too much correlation there to trade both of these charts in the future. I haven’t decided which one to drop yet….

You can follow all of these demo accounts via my MT4Stats pages:

http://www.fxrobotman.com/live-statements/

MegaDroid Losses

The MegaDroid had some negative trades trigger on Thursday evening, giving us the second drawdown period for MegaDroid since around this same time last month. Despite the losing trades at the end of the week MegaDroid was “on steriods” earlier in the week – so my demo account closed up 12.5%.

It is important to keep things in perspective with MegaDroid. I know some of you were frustrated that MegaDroid went short in what seemed like an obvious up-trend, however that is not how the system trades. It is basically a channel reversal system that trades best during flat and choppy markets, especially during the quiet pre-asian session. Part of the reason demo trading a system is so important is so that you can become emotionally comfortable and disciplined with how a particular system trades. Looking at my MegaDroid charts separately they only lost 4-8% on those losing trades, and I fully expect respective drawdowns of 10-20% based on the level of risk. The losses were well within my expectations, and until they go out of that range, I’m not too uncomfortable. Losses are part of the game, even for a system that wins 90% of the time.

Real Money Accounts

I will be moving into a “Real Money” testing phase for MegaDroid here in the next week or so where I will be taking my current MegaDroid setup and putting it on some small live money accounts. The goal is test my setup on two different live money accounts with two different brokers to see how they trade and to see if there are any issues with spreads, trade context errors, liquidity etc. I am impressed with how my MegaDroid setup trades on the demo account, but it is a whole different ball game when trading with live money, especially on the Mt4 platform.

I will try to publish the live money results as well, and will let you know when I am ready to do that.

Have a great weekend!

-Ben aka FX Robot Man

Performance Review: June 14-20

From now on I will be providing weekly performance reviews of the systems that I am either testing or trading live in my real money portfolio. I am also investigating various screen casting software that I might start using to create some video reviews and video tutorials for you.

Currently Testing 6 Auto Trading Systems

By far the best performing system was MegaDroid this past week with an 11.1% return. MegaDroid is trading with my advanced tactics risking 20% on the main chart, and <=10% on the other 3-6 charts . Next in-line was my own “Confetti Grid” martingale system that I programmed myself which earned 4.5% (designed to trade with 100k accounts and trade around 1,000 lots a month). Last but not least was M5G Cyborg with a 3.7% return (although I need to trade more pairs with this).

All of the above systems are performing right in line with my monthly goal of a 10% return, and an average annual return of 60-120%.

The other 3 systems were all losers this week. FAP Turbo lost nearly 15%, EUR-BLASTER v2 is carrying a floating loss of 10% (which is normal for this system), and Forex Derivative lost a whopping 27% of the account in one week.

I am convinced at this point that Forex Derivative is a scam, or at the very least a damn dud of a system that might just be placing random trades. With a majority of the sales page dedicated to the sophisticated position size algorithm to minimize risk, something must be wrong. It’s either a scam or a failure. Any system that can blow 27% of an account with the default settings in under a week is simply not for me, and I have asked for my money back.

Summary