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

To celebrate my birthday I have decided to open the flood gates on the Beta Edition release of my Advanced Droid Tactics report.

From now until the end of the weekend I am willing to sell an unlimited number of copies at the $24.95 price. I only had about 40 Beta copies left, but I decided to remove the restrictions and just see what happens.

http://www.droidtactics.com

After Sunday July 26th the price will immediately go up to a minimum of $34.95 – $39.95. Have a good weekend everyone – I am off to to go fishing to further celebrate my B-day!

Benjamin R. Cook
www.DroidTactics.com

Beta Testers will also receive complete access to all future updates and any additional content or video tutorials I make available. You can read the complete details on the sales letter:

http://www.droidtactics.com

Sorry for the Delay!

Let me first apologize. I know it has been a couple of weeks since I have posted any updates or sent any emails regarding the development of my  “Advanced Droid Tactics” eBook.

However, I completely underestimated the amount of time (and money) that was required to complete the Beta Edition analysis, write up and publish a high quality eBook, and then to write, design and activate a sales letter, shopping cart and fulfillment service. In retrospect I should have hired someone rather than doing this myself, but I was trying to save some money and keep the price down.

I have basically used every spare moment of my Forex time (including sneaking some time at my wife’s High School reunion) to write and develop the Advanced Droid Tactics eBook.

I only need 100 people to check out the Beta Edition of ADT at the discounted price of $24.95 and give me some feedback on the setups, the content, and any other thoughts they might have.

Existing MegaDroid Affiliate Customers

I have long promised that all my existing MegaDroid affiliate customers would get a free copy of Advanced Droid Tactics when it was ready to go. I plan to release the Official Edition of ADT sometime on or after Monday, August 10th.

When I release the Official Version of ADT all of my existing MegaDroid affiliate customers that purchased the Forex MegaDroid on or before Monday July 20th (about 50 people) will get a special coupon code that will give them a free copy of the eBook and all other ADT content.

I have decided not to release free copies of the Beta Edition simply because the Beta Edition is a way for me to engage some serious first movers to help me test my setups and to recoup some of my development costs. This will also allow me to offer the highest quality product when the official release is ready in August.

I will have a special discount coupon in the future for any new affiliate customers that purchase Forex MegaDroid through my starting today.

Feedback

Please do not hesitate to send me an email if you have any questions or comments regarding Advanced Droid Tactics or any other Forex systems or products that are on your mind.

I will be building an extensive FAQ and will be recording some video tutorials over the coming weeks based on the Beta Edition feedback and reviews that will be coming in.

Best Regards,


Benjamin R. Cook
www.DroidTactics.com

I just posted my first ever web video screencast to discuss the progress on my Advanced Droid Tactics project. The video is about 13 minutes long and you can check it out here if you are interested:

http://www.droidtactics.com

Have a good holiday weekend (4th of July in the USA).
-Ben

The team over at NetPicks has released the latest version of their system, the Ultimate Swing Trader, which has been tailored for forex swing traders that don’t have a lot of time to sit in front of the charts. Although I would much prefer to be promoting the more comprehensive version of their system, the UMT Ultimate package, this latest edition is quite a bit cheaper.

http://www.netpicks.com/cmd.php?af=1009689

I have been keeping an eye on the UMT system for probably 2 years or more now, and I don’t think too much has changed over that time. It is primarily a manual trading system focusing on trend trading with a specific set of entry rules and profit targets. The key to the system is that they really focus on maintaining a good risk-reward ratio on every trade, and never over trading.

Although I can’t make the same offer I made on Forex Income Engine 2.0 with a free copy of M5G Cyborg, I have been thinking of a way to sweeten the deal for those of you that want to give the Ultimate Swing Trader a try. Because of various rules about cash rebates from affiliates, the best I can do is offer you a $50 credit toward the purchase of any other EA priced at $97 or higher.

If you decide to buy Ultimate Swing Trader and do not return the system during the 30 day refund period, I will give you a $50 credit on any other EA system you purchase through my website.

The UST system will probably give you monthly points on the order of 250-500 pips which is more than enough to get you 10-20% per month on 2% risk. The price of Ultimate Swing Trader has now gone up to $597 (started at $497) so you should probably have an account balance of $5,000 to justify getting into this system.

Update:

I just learned that there are still some extra copies of Forex Income Engine 2.0 being released right now, so I am still honoring the free copy of M5G Cyborg to those of you the decide to jump on FIE 2.0 at this point:

http://www.customforextrading.com/y/?i=1002680&u=2&l=f75

That’s all for now. I have new live accounts running MegaDroid with my Advanced Tactics setup right now – and I should have the mt4stats pages up for those by the end of the week.

-Ben aka FX Robot Man

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

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

I’ll keep this short. There are only 7 copies of the Forex Income Engine 2.0 left, and therefore only 7 more chances for you to get a FREE COPY of M5G Cyborg, a $299 system, paid for by your truly. If you a tired of relying solely on black-box trading robots and want to learn some manual trading methods to add to your arsenal, then this is a risk free way to do it…they always honor the 90 day money back.

It seems a private group of beta testers made public their results on Bill’s new trading method with a bunch of videos showing some of their trade setups etc.

Now, the last time I checked, this video was still online, so if you want to see what happened, check it out HERE:

http://www.customforextrading.com/y/?i=1002680&u=2&l=f71

What was cool to hear was the inside information the leader of the group got from Bill in a private discussion on Friday.

If the videos are still live, get them here:

http://www.customforextrading.com/y/?i=1002680&u=2&l=f71

Good Trading,
-Ben aka FX Robot Man

This is a quick reminder about the “emergency” webinar being held TODAY, Thursday, June 18th at 4pm Eastern by Bill Poulos, developer of the Forex Income Engine 2.0 home study course that has nearly sold out in just the past few days.

If you want to know more about the Forex Income Course 2.0, then you should consider attending the webinar. In addition to the free M5G Cyborg license that I will be offering you, they are expected to announce even more bonuses today to sweeten the deal.

Worst case, you buy the course, learn what you can, and then send it back for a full refund within 90 days if don’t think it is worth it. Now, you won’t get a free M5G Cyborg license if you send it back, but trust me, it is not like my feelings are going to be hurt if this is what you decide to do.

If you’ve wondered whether this course can help your Forex trading, you need to register for this webinar immediately.

Seats are limited, and there are only a few hundred left.

(Plus, Bill has a few surprises you’ve NEVER seen before that will be revealed on the webinar that you will NOT want to miss.)

Register HERE:

http://www.customfxtrading.com/y/?i=1002680&u=2&l=f67

Bill’s taking some critical content straight out of his Forex Income Engine 2.0 course and revealing it live on the webinar:

• How to create an “infinite” risk/reward ratio when you trade Forex, regardless of what pair or timeframe you trade…
• Why most traders actually LOSE money when they try to capture a market’s entire move, and how you can turn this into your advantage when you know the exact part of a market move you should be going after…
• …and a TON more.

Although I personally prefer trading the forex market with auto trading systems such as Forex MegaDroid and M5G Cyborg, anytime there is a major forex trading course launch I inevitably get a lot of questions asking for my opinion.

The latest course being promoted is the Forex Income Engine 2.0 course from Bill Poulos. Mr. Poulos has been selling trading systems for many many years, and I can personally attest to the high quality of his course materials, support, and trading systems. I guess it has been about 2 years now, but I actually did purchase his “Forex Profit Accelerator” course a while back, and one of the first EAs I ever programmed was largely based on the methods I learned in that course.

The courses themselves are extremely high quality! The booklets, cheat sheets, DVDs, customer support websites, system updates etc. They also offer a 90 day unconditional money back gurantee, and they have a good reputation for processing these refunds.

This latest course actually teaches 3 different trading methods that can be applied to any currency pair and any time frame – so it is meant to be a highly flexible trading system that can accommodate a variety of trading styles. Whether you prefer to scalp trade or to swing trade, this course is intended to compliment any trading style.

The only negative thing I ever heard about the first version of the Forex Income Engine course was that the original system had about 10 rules for identifying a setup bar, and some people said it took them quite a bit of practice before they could quickly identify the setup conditions.

Because I personally have not been hands on with Forex Income Engine 2.0, I think it is best to link you to a very well written and comprehensive review of this product for those you that want more information:

http://theforexarticles.com/2009/06/13/forex-income-engine-20-review/

Bonus Offer: Free M5G Cyborg License

If you have been contemplating purchasing the Forex Income Engine 2.0 course, I have actually decided to offer an amazing free bonus to any of my readers who purchase the course through FX Robot Man. So here is the deal, for those of you that choose to purchase Forex Income Engine 2.0 and do not return the product within 90 days for a refund, I will throw in a FREE LICENSE for the M5G Cyborg EA, a $299 value, and I pay for this license out of my own pocket!

The M5G Cyborg EA is considered by many to be one the best EAs out on the market, but because it does not come with a money back guarantee and costs $299, many people overlook it. Well, if you purchase Forex Income Engine 2.0 from me, I will by you a copy of this system myself. You can learn more about M5G Cyborg EA here:

http://www.fxrobotman.com/recommends/m5gcyborg

To go directly to the Forex Income Engine 2.0 sales website (there are only about 200 copies left) you can click here:

http://www.fxrobotman.com/recommends/fxincomeengine

Again, I usually try to focus on auto trading systems, but if you were planning on purchasing the Forex Income Engine 2.0 course anyway, you might as well get a free copy of M5G Cyborg while you are at it. Please let me know if you have any questions or comments.

As always, good luck with your trading!

-Ben aka FX Robot Man