Current System Recommendations

Dear Advanced Droid Tactics Readers:

With the new release of MegaDroid v1.3 and changing market conditions for EUR/USD I think the most prudent way to trade MegaDroid is to only trade the Default chart (with Aggressive=FALSE). I think it best to focus on developing a portfolio of trading strategies with MegaDroid being only one component.

Below you find links to the other Forex EAs and manual systems that I am currently testing. Please consider subscribing to my email list if you would like to receive my email newsletter with recommendations and updates. I will only list EA below which have shown a minimum of 2-months worth of positive forward test results for me on either my live or demo accounts.

Forex Overdrive

I have been having strong and consistent results trading Forex Overdrive this past summer on the EURUSD, GBPUSD and USDJPY. The system seems to have a fairly wide stop loss of near 200 pips so hanging/floating draw downs do occur with some trades, but most close rather quickly at a profit. Just keep that wide stop loss in mind when choosing your risk settings. My Alpari UK demo from the end of July through August had 38 wins and no losses with 683 pips of profit.

A.I. Forex Robot

You don’t hear much about A.I. Forex Robot anymore but I have found it to be a fairly reliable swing trading system for the EURUSD. As a swing trader it performs best in trending markets, and will definitely go on losing streaks during side ways markets. It is important to choose a conservative risk level with this one and just stick with it. It can be tempting to raise your exposure after a 800+ pip month like August, but stick with a conservative setting and you should come out ahead in the long run without too much draw down. From the end of July through August this system had 15 wins and 7 losses on my Alpari UK demo. That is a 68% win ratio and 882 pips of profit. I highly recommend using fixed lots for this system as I don’t trust the adaptive money management.

Safe Droid

Safe Droid is made by the folks behind PipsMiner and has been a fairly consistent winner for me. It uses a very large stop loss on trades so stick with small lot sizes (maybe 0.01 per $500 of equity), but most trades do seem to eventually close for positive gains. My Alpari UK demo from the end of July through August had 16 wins, 1 loss for 376 pips of profit.

Forex MegaDroid

Forex MegaDroid continues to be a rather consistent trading robot. It does not trade very often but still maintains a fairly high win percentage. I recommend trading Forex MegaDroid with Aggressive=FALSE.

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Best Regards,

Benjamin R. Cook
www.DroidTactics.com

IMPORTANT DISCLAIMER:
The views expressed in “Advanced Droid Tactics” are my own. I am NOT a member of the Forex MegaDroid Team, and the Forex MegaDroid Team has NOT reviewed, endorsed or recommended the “ADT” setup strategy.