Pip Android was released in February 2010. This expert advisor uses two pairs: AUDNZD, EURCHF and works on two timeframes - H1 and H4.

This EA shows stable results on backtests and nice profit. Backtest on H4 timeframe is better than on H1. Pip Android developers recommend that you use it on H4 timeframe, because it is better for the low risk trading. Don't use this robot on timeframe below H1 - it will make unpredictable results. Drawdowns are not so small, but for long term tests it's Ok. Good news is Pip Android is not so sensitive to the spread.

This system is easy in use if you have some prior experience in forex trading and this EA provides a set of free pre-launch bonus indicators and exclusive discounts. Website of this EA contains complete backtest results and a forward test as well.

Pip Android performs good only during normal market. It can be unstable during weeks with high impact news releases, so beware and don't leave it unattended!

Pip Android AUDNZD H4 2006-2010 Backtest:

Pip Android AUDNZD H1 2006-2010 Backtest:

Pip Android EURCHF H4 2006-2010 Backtest:

Pip Android EURCHF H1 2006-2010 Backtest:

Primeval EA was released in January 2010. This expert uses 6 advanced and very profitable strategies. They include Scalping strategy, Hedging & Pyramiding and Grid trading strategy. Scalping uses 8 pairs: GBPUSD, EURUSD, USDJPY, GBPCHF, USDCHF, EURCHF, EURGBP and USDCAD. However Hedging & Pyramiding use only GBPUSD and Grid trading strategy use only EURCHF.

This EA has very stable results on backtests and shows really great profit. It makes 10 to 30 trades a day which grab about 30 to 120 pips from the Market on average and even more-it's really true. Drawdowns are fairly small comparing to other robots. Primeval EA is not so sensitive to the spread (limit near of 10 pips).

Primeval EA provides a set of bonus indicators and also has a very useful documentation about uses this addons. Website of this EA also contains complete backtest results and a forward test as well.

So, I was really excited by the backtest results and decided to use it on my real account. I hope that Primeval EA will show good profit on live trading and will be worth its price.

Scalping Strategy Backtests 2005-2010
Primeval-EA EURUSD 2005-2010 Backtest:

Primeval-EA USDJPY 2005-2010 Backtest
Primeval-EA USDCAD 2005-2010 Backtest
Primeval-EA USDCHF 2005-2010 Backtest
Primeval-EA EURCHF 2005-2010 Backtest

Grid Trading Strategy Backtests 2005-2010
Primeval-EA EURCHF 2005-2010 Backtest:

Last orders is closed at stop! It is reflected on the graph.

Hedging & Pyramiding Backtests 2005-2010
Primeval-EA GBPUSD 2005-2010 Backtest:

Last orders is closed at stop! It is reflected on the graph.

Update January 2010: New version works really good. Here is my balance growth from the Iamfx.com account:


Update November 2009: New version fapturbo 49 was released. It has great new settings for USDCAD and EURCHF and trades new currency pair: USDCHF. Read full report!

Update October 2009: I am betatesting the new fapturbo 49. It is a new version that will be released soon!

Update August 2009: Rob Casey has developed a detailed fapturbo guide which is worth reading. It is not free however if you are serious of making money on fapturbo it is worth it. Read Fapturbo expert guide.

Update June 2009: Fapturbo.com robot has become so popular and profitable that every scammer dreams of cloning it. There was a huge number of scam clones created recently. Read my fapturbo scam clones report. Beware of the clones!

Update May 2009: Cool! guys, new fapturbo version 47 was released today! I've already made a few quick tests and it looks awesome!

Update: Fapturbo continues its wonderful performance on my account. However guys I am sure you need some 3rd party results. Take a look on Donna's account here http://donnaforex.mt4stats.com/ - she managed to triple the deposit in few months! And here is the 4xRobots Robot Race where fapturbo is the top winner again:


Update April 2009: Fapturbo released the recent trades report. You can check it out here:http://fapturbo.com/fapturborocks.pdf

Update: Congratulations to FAPTurbo developers! This robot won the world Forex Robot contest. I quote: "The first to cross the finish line of this, the 3rd world contest of automatic trading, was FAPTurbo. This forex robot was the undisputed winner of the 3rd contest since its beginning. An extraordinary 62.2% equity increase was reached with this robot becoming the new highest ever equity growth in our live competition..." The second place got 10PipsPro Robot (negative equity growth -13.4%) and the third was Forex Tracer Robot (-34.0%).

Update February 2009: January results were incredible! I got just one losing day in the whole month! The current version is 36 and the developers are working on the new updates. You can follow them on Twitter here to get the latest news on their progress.

Update January 2009: Charles from Fapwinner.com has issues special FAPTURBO Settings report with his own settings&strategy and added fapturbo to Fapwinner portfolio and discussions and started fapturbo mentoring class.

During last month we've been pretty flooded with your emails about new Fapturbo robot that showed such fabolous results in real trading in november. Is it still working?? So, I decided to make a new video update with my recent results:


Update December 2008: My recent results with fapturbo look really impressive, guys. Take a look here. Last 2 weeks fapturbo made over 50 winning trader for me and my current balance is over 45,000 starting from 5,000 last month. Not bad, huh?
Btw, yesterday opened a private member forum where you can get advice and help on fapturbo!

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Hi guys! I Think everyone heard about it. Fapturbo was released 25th November and made a huge buzz over the internet. No wonder it seems it is a really first money trading robot , the product we all so expected for a long time among all the crap that is popping up on the market every single day...
I will reveal my secret - I was invited to the betatester group and results are great so far! I still can`t believe it is possible. I will share more results and updates soon! Take care!



No long talks here. See my video report and review my fapturbo live trading statement. Click Here. Let numbers speak for themselves.

Update February 4, 2010: FRWC has released a great interview with FXCM, main sponsor. You can listen to it here.

I am getting a lot of questions about Forex Robot World Cup. I’ll keep this FAQ extremely brief. Here are some answers:

1. Is Forex Robot World Cup legit?

Yes it is legit. The sponsor is the largest forex broker in the world FXCM Yesterday FRWC released an exclusive interview with Matthew Navie, V.P. of Institutional Sales & Business Development at FXCM.
You can listen to it here. Another sponsor - well known Boston technologies. They provided special Metatrader for FRWC!

2. When will be EAs available for sale for traders?

I think it will happen on February 16.

3. Did you verify the FRWC trades?

Yes, I have received the investor access and verified the trades of the top performing robots. I heard some other review sites like FPA are verifying the trades too.

4. Are the top 3 as good as they look in the contest?

LMD traded with very high risk but the robot seems very consistent. Hirider looks extremely stable. Supervolcano, Simple, Cobaltfx look good to me as well.

5. Do you worry the contest is only 2 months - that is not very long for a true test.

Right. However the contest was on LIVE accounts, not Demo. That means a lot. That means robots had real battlefield test. Most of them could not survive the test but top 7 winners must be really bulletproof.
Plus the live trading happened around Christmas and New year - traditionally hard tome for every forex system.

6. Will FRWC 2 happen? When?

The EA submission for the 2nd Forex Robot World Cup Competition has already started. It is finishing March 31st, 2010 so if you are an EA developer - don't miss out!

Update February 4, 2010: FRWC has released a great interview with FXCM, main sponsor. You can listen to it here.

Update February 2, 2010: I was also validating the accounts and betatesting the FRWC bots that will be released to the public on February 16. So far robots look very promising. I will be able to release the detailed backtests and the results after the FRWC launch.

Update January 2010: Once the live phase of the FRWC is over this coming Friday, the winning robots will be available for purchase (in very small quantities).

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Are you following the Forex Robot World Cup?

The FRWC was created with the objective of finding the best NON-COMMERCIAL Forex robot in the world through a competition based on solid and transparent rules.

What does non-commercial mean? Simple, robots that are not being sold or marketed anywhere but are solely used by their developers.

Hundreds of independent robot developers from all over the globe joined the FRWC to compete for the #1 Prize... US $100,000 (which is why the FRWC got the BEST of the BEST robot developers to participate)!

Now... the competition has two phases, the qualification phase and the live (real money) trading phase.

As of December 1st, 2009 the live trading phase started with 24 robots out of the 329 submitted during the qualification phase (which lasted over 2 months!)

You can view the live (real money) results of the 24 competing FRWC robots (updates every 15 minutes) here.

...and, by the way, you will also be able to view each robot's real money live account statement so you can see each and every trade it takes as the competition progresses, right through to the end on Friday, January 29th, 2010.

It is truly exciting to finally see an event designed to separate truth from hype...

Update January 2010: Charles has released the FapWinner scalper. It produces really good results. Take a look on the backtest. Ask Charles how you can get it.

Update August 2009: Fapwinner has introduced the whole new concept and website. Now it is called Forex Amplified Performance Winner and has great number of new services including Fapwinner Area51.

Update June 2009: Fapwinner is organizing World Seminar 2009 in UK. Megadroid and fapturbo team, donnaforex, 4xproject and other stars plan to come. You can get more info and apply here.

Update April 2009: Charles published interesting video about fapwinner on youtube. Charles A. Floyd from FAPWINNER on Youtube! I heard fapwinner is going to start a series of free webinars for its members. Don't forget to read Charle's Notes on forum.

Update December 2008: Charles from Fapwinner.com has issues special FAPTURBO Settings report with his own settings&strategy and added fapturbo to Fapwinner portfolio and discussions and started fapturbo mentoring class.

Update November 2008: Charles A. Floyd is opening a new service for a limited group of traders. It is called Golden Grid Managed Account Service. It is not a FAPWINNER product but somehow it is connected so I decided to write about it here. Later I will prepare a full review. I have signed up myself for the Golden Grid service last week and it already made 32 profitable trades so far. The idea of the Golden Grid is rather simple: this EA is building a grid of pending orders in both direction that will close with a small take profit value. I will keep you updated with results. Wesite looks very nice and I liked the fact it is a legal registered service from Floyd Group LLC with a phone support and a valid US adress.

Update August 2008: Wow! FapWinner is going WILD! Charles decided to create first FapWinner world seminar in October 2008 in MATTESON, IL! you can check out details and apply here.

Update August 2008: Today my pal Mark recorded his video review of Fapwinner on YouTube... hehe looks like this dude really liked that stuff: Check out FapWinner video review by Mark.

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To be honest we all know that original ForexAutopilot (FAP) email support sucked. These guys became too popular and really got overloaded with support requests. I heard they get over 500 emails each day (!). On the other hand I can understand them too. For example even I get emails from some newbies who have problems opening a file that you should not open at all! Sometimes I get requests for help from some of FAP clients who say "I can't open EX4 File, help me dude!!". Folks, why on earth don't you read the instructions!?! You should not open it at all, just place in the "Metatrader/Experts" folder!!!

Some time ago good fellow trader, Charles A.Floyd II, noticed the FAP system and decided to change the world. He was so dissapointed reading that people critique this great product and call it a scam just because they don't bother to read the instuctions and can't set it up properly.

Charles decided to open the FAPUG (fap user group, some kind of community on yahoo), develop his own settings and trading plan (FAPTS) and help all FAP clients for free.

Needless to say, his group rapidly gained huge popularity and grew to well over 900 members in just a few months! Finally Charles' efforts were noticed by FAP creator Marcus Leary and his team and they made Charles the master FAP trader and decided to unite efforts.

So FAPWINNER was born. It is a killer combination of award winning Charles' support service (rapid email support, live chat, FORUM, remote help, phone support, personal appointments and weekly mentoring class - I heard Charles hired over 12 people to help him with that) and great working ForexAutopilot. Moreover Gold and Supreme members get access to the Charles' Hedging EA. I had a chance to grab a link for the backtesting of this EA. Take a look.

Yes, this service has high costs (from 199 USD) but I suppose it is worth the money. You decide anyway.

Forex Nuke is a clone product of Forex Phantom. Both EAs have the same code but the vendors co-exist in peace. Seems they both bought the same code from one source programmer and redistribute it.

The Forex Nuke robot trades EURUSD M15 based on Moving Averages and Commodity Channel Index indicators.

The backtest looks very consistent for 2007-2010 years. Take a look:


The main disadvantage - the robot trades only one pair and does not trade often. It can sit and wait for trades for many weeks without any trading activity at all.

Forex Nuke comes with full money back clickbank guarantee plus they provide a set of bonus indicators and videos. Vendor's website also contains complete backtest results and a forward test as well.

My opinion - Forex Nuke is one of the rare good EAs that you can add to your trading portfolio in 2010.

Update January 2010: Forex Megadroid works very consistent for the last year. You can see the stats here.

Update April 2009: After Forex MegaDroid appeared recently on the web, it evoked a great deal of interest and excitement. Developed by two record-breaking Forex traders - John Grace and Albert Perrie - the robot was expected to be unlike anything ever on Forex before. The concept of Forex MegaDroid is based on a solid theoretical development of its authors - RCTPA (Reverse Correlation Time and Price Analysis) which rests upon an instant juxtaposition of the curent market data to that preceeding it, therefore virtually allowing for a sniper-accurate prediction of the market's future behavior at any given point of time. Needless to say, the robot's testing did not fail my expectations - as a matter of fact, the results of all other Forex products can not even be compared to those of Forex MegaDroid when it comes to profitability and consistency of performance. With Forex MegaDroid, it's not a question of how much you'll make, but how many times more you'll make - so fast your initial balance keeps doubling, tripling, quadrupling and further exponentially growing until you completely lose count.

One logical question I had afterward was: how will the greedy brokers let such a robot operate and thereby scalp them off their profits? It turned out that Forex MegaDroid is plain invisible to them - the brokers cannot even tell the trades are placed by a robot, not to mention determining what robot it is. Overall, Forex MegaDroid is by far one of the very few things I would confidently recommend to anyone - the Internet's true number one hit.

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Hi guys! I guess you heard all the buzz about the new Forex Droid robot that was released 31 March.

As you know as always I am in the insider group of first betatesters and had a chance to test it before the rest of the world. Here is my first test results and they look really good. The robot is trading EURUSD pair which is not a spread-dependent and uses Artificial Intelligence and some complicated RCTPA technology to adjust the stop loss according to the market volatility.

Fx Droid Testing Results

The main question is: Is it better than fapturbo?

My answer is you can't compare them. If you are a serious forex trader and plan to make money you should understand that your forex trading portfolio should consist of several good systems. Remember, the diversification is the key to success! When one system has a loss the other one has a profit so your chances to win simply increase! That's why I review different systems to introduce good robots to you and of course to you!

We have no grades assigned to Forex MegaDroid yet because we are still testing it. As soon as the testing is finished and the grades are issued, we will update them.

Today I decided to review and share my personal experience with Forex Autopilot trading robot by Marcus Leary to answer main question: is it worth its money or just a new junky product. As you can see I dont promote it with my affiliate links, i just make honest unbiased reviews of most popular forex software avaliable on the market.

I purchased forex autopilot in the end of February. Since that I Have been using it on my live account for 2 months.

First of all I made quick backtest on history to see the performance of Forexautopilot for last year.

I am running it on EuroUsd currency pair on M1 timeframe with the default settings. The testing results look promising. The balance keeps going up. So it made 16362 usd from starting balance 10k.

I was really excided by backtest results and decided to use it on my real account. On 27 of february i deposited 2910 usd using my credit card and attached the Forexautopilot robot to the chart to let it trade. As you can see for the last 2 months it made plenty of trades. Most of them were winners with few losing trades. And my current balance is 11,152 usd. That means that ForexAutopilot tripled my account in just 2 months of trading! Fantastic results!


Update October 2008: I got tons of requests of my readers to share the latest resuts with ForexAutoPilot so I decided to shoot a new video with the update of my latest progress. I still work with FAPS on 2 currency pairs with my own settings.


Update November 2008: How is FAPS doing? Doing good. My deposit is growing. I will not shot new video about FAPS every month otherwise you will think I promote it. So I would better show you results of other fellow traders. Here is my readers Spencer. He sent me his FAPS report for november: he had 29 winning trades, 2 losing trades and doubled his 1000 usd account in 8 days. Not bad, huh? Here is the screenshot.

Update September 2009: A fresh update of Forex Auto Trader with new setup file has been released. It has now become fully adjusted to the ever changing market conditions due to a significantly increased speed of market analysis and trades placement. The new version of the software is available to all existing customers free of charge.

Update December 15, 2008 Forex AutoTrader is really performing well last week, Take a look on my recent results here:

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Forex Auto Trader is a new system by Craig Reynolds, professional forex trader. The system showed great results as on backtest and on the live trading. Craig published his live trading statement here: http://forex-auto-trader.com/DetailedStatement.htm



You know nowadays it's hard to find the vendors who really trust and trade the system they created not just make money on selling their product. So Craig is a nice exception here and that is very important that he trades using his own system on his real money.

The only bad thing I can say about FAT is that it works only on one currency pair, EURUSD. So be careful and don't use it on other currency pairs, guys!

Forex Harvester is a product made by our good friend Mark Marshall. He is a professional forex trader. The robot trades on H4 timeframe on such pairs as:

1. EURJPY
2. EURUSD
3. GBPUSD
4. USDCHF
5. USDJPY.

According to Mark, "The EA trades gaps on up to 5 currency pairs at market open each week. It is designed to make slow and steady returns and has a high win rate."

The backtests seem very promising. Take a look here:

ForexHarvester 2005-2009 Backtest:

ForexHarvester 2007-2009 Backtest:

ForexHarvester 2009 Backtest:

We have placed the robot on the demo trading this week. Lets see how it performs...

Forex Juggernaut website is filled with traditional hype offering you to "CRUSH The Greedy Forex GURU HEAVYWEIGHTS".. lol. The creators are guys from "next generation fx trading" company. They have developed such EAs as forex transporter, forex knight rider, forex kryptonite, forex redemption, forex ironman, forex surgeon, forex godfather and some other EAs with fancy names but poor trading results. That's why I was bit skeptical about this one too.

The EA has a proper logic - the signal is symmetrical and based on Envelopes(5) indicator. The only filter is time. There is no curve fitting inside or tricks with history. That means that EA should work consistently for a long time.

The backtest looks very consistent for 2005-2010 years. Take a look:


Click here to study the full Juggernaut backtest
I have placed the robot for the forward test and report more results later!

Update July 2009: Yet another powerful update of Forex Hitter has been released, making the robot even more adjusted to the current volatile market conditions. The updated version of the software is completely free of charge for the Forex Hitter customers. One can expect an upcoming rapid increase of the EA's profitablility as a result of the update.

Update November 2008: Peter Larsen released new expert advisor called Forex Hitter. Results look promising so far!

A recent major upgrade of Forex Beater (now marketed under the new name "Forex Hitter" has contributed to the software's rapidly growing popularity through enhancing its scripts and making them flexibly adjustable to the current volatile situation on financial markets. While similar products show mostly negative trading results under the present conditions of a global economic crisis, Forex Hitter continues to secure profits for its users. It is by far the only automated robot which demonstrated that profitable trading is possible regardless of the market's general tendencies. Forex Hitter sure is the number one choice for those willing to always stay on the safe side, no matter which way the market turns.


Click to enlarge the image

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Forex Beater is a software packaged created by an expert trader who allegedly had stumbled across heavily guarded market secrets. Now, those of us with experience in the Forex market recognize claims of 'inside secrets' as being indicative of a scam. However, after the conversation with my barber, I went online and took a look at information available on the internet for Forex Beater. What I found really surprised me.

First of all, the website itself offers a great deal of evidence to support the claims of high profit. One video shows the software in action, and an instant profit of 129%. The software isn't a book that simply advises you how to trade, instead it takes control and trades for you. The software removes the human factor of greed and impulsiveness, and simply does trades for you when all of the correct signs are in place.

Peter Larsen provides a personal 56 day 100% money back guarantee. With nothing to lose, decided to test the software. Purchasing and getting started is extremely easy. You simply download it, set up the software according to the directions, and let it go to work for you. My final results were enough to convinced the most stubborn skeptic. I set it up and walked away, checking in on it only for a few minutes each day to watch progress. By the end of the first week, I was astounded. My previous profits trading on my own ranged from $100 to $300 every day. But the software completely blew my mind - it was making me about $800 to $900 on most days. I can state that there is no doubt this software works!

USDBOT is a new over hyped EA released by Mark Trenton. The marketing is copied from fapturbo, even the iframes with the accounts. However the results shown on page are from few weeks of trading and they are not updated in real time.

I decided to dig deeper and analyze the robot USDBOT. It trades EURUSD and USDJPY on D1 timeframe. The short term backtest for 2009 looks good:

USDBOT EURUSD 2009 Backtest Results:

However USDBOT seems to be optimized for the 2009 only:

USDBOT EURUSD 2005-2010 Backtest Results:

Same picture on USDJPY. Good results in 2009 but bad in 2005-2008:

USDBOT USDJPY 2005-2010 Backtest Results:

The bottom line is USDBOt is optimized for the current market conditions and it is hard to predict how it will perform in future. We have placed in on the demo account for the forward test.

After two weeks of trading the 5 EMAS system I managed to get 205 pips on the GBP/USD pair (12 trades: 8 wins, 2 losers and 2 break even). This system is easy in use if you have some prior experience in forex trading, especially the free included expert advisor makes live easier because it will notify you when a new forex trade is signaled. Newbies may have some troubles at first in understanding the 5EMAS system.

Apart from giving you a broad and very comprehensive introduction to the topic of forex marketing, you also get in depth training on the system itself, the money management system that goes with it and the Electronic Assistants (EA) that have all the indicators pre loaded for use with the MT4 trade platform.

Also my partner made 80 pips the very first day using the 5 EMAs trading system. It can be applied to most of the major currencies allowing you to make even more.

Whether you do scalping, day-trading or short term trading. It uses a set of common technical indicators including, Trend Lines (Support & Resistance), Moving Averages, MACD, Stochastics, Williams' Percentage Range and the RSI.

I love the exit strategy that allows you to gain maximum profit from your trade. Depending upon the exit strategy selected, the 5 EMA's system generates monthly returns of between 30% and 55%.

I highly recommend it. If you are only going to buy one system, this is it.

Update November 2009: LEROSA FX PRO V. 2a has been released! Several changes have been made aiming at improving EA trading stability in all environments. Stoploss and Takeprofit are now based on ATR and are self-adjustable regarding market current volatility. Trailing is improved too and is based on volatility rate. EA is not trading during all the day but only within certain time interval, which ensure trading in more volatile environment.


Update September 2009: Have recently released the new version of Lerosa EA. This version has some new improvements enabling the robot to cope with unusual market conditions caused by economic and political turmoil. This new approach enables EA to stand both old and new market conditions. There were some crucial changes in entry logic as well as in position and lot management.

In this version you have to set risk factor manualy as follows:

0.025 - Conservative
0.045 - Moderate
0.065 - Aggressive

The real backtest show good result. Here are our independent backtests of LerosaProFx:

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Lerosa Pro FX is a completely automated forex robot which works for all market conditions without one having to optimize or adjust the settings. This way you can be confident that you are trading at the best possible rate at any point of time. It is similar to the automatic trading software used by professional traders but is sold at a very affordable $599 unlike the professional software which cost about $10,000. Small investors can now afford to use the automatic trading software.

Most of the forex robots in the past are designed to suit the market conditions of the past but Lerosa Pro FX adjusts itself to the changes that take place in the market.

The installation has been made very simple by the developers and you just have to put the file into the expert folder of Meta Trader 4 platform. Select the currency and money management type and you can start using Lerosa Pro FX.

The cons of the system - it increased the lot size when it get a loss which is some kind of Martingale strategy which can be risky.

What is the maximum lot size progression Lerosa will undertake?

The EA has been developed and designed to cope with the market successfully on the long run. It is based on unique trading strategy and has complex money management system enabling to earn on market moves as much as possible. It's money management system includes increasing and decreasing capability. The Ea increase factor is 1.4 and the increase procedure occurs no more than 3 times in a row for safety reason. It all depends on market performance. That has been proven to work very well along with other features incorporated in EA. After the increase procedure is over money management opens new position based on available equity and specified risk factor. Increasing and decreasing procedure is switching on and off in accordance with programmed algorithm and not randomly. It's inherent part of the strategy.

How many positions can be opened at once?

As you have already noticed our EA starts each trade with two positions. The first position is aiming at catching small movements, while the other position is targeting larger movements. That concept together with EA's unique strategy makes it even more powerful.

Can I regulate lot amount?

You can regulate lot amount using Risk factor only.

The robot uses formula as follows: lot=AccountEquity X Risk / 1000

So if your deposit is $1400 and put Risk to 0.1, then lot=0.14. Since robot opens 2 positions simultaneously each position is opened with 0.07 lots. It's that simple. Risk can be any number you wish.

*Lerosa V.1c_manual_updated - enables manual setting of risk used by money management. Advanced customers can receive this version upon request!