Hi everyone. It has been such a long time since I’ve taken upon myself to test a commercial expert advisor (aka forex robot), but recently as I was helping a client of forex vps nirvana (a perfect place to host this and other EAs) setup a forex robot called “Forex 1000 Pips” and I got this flashback of when I used to play around with EAs like some obsessive compulsive treasure hunter. Back then I used to have a lot more spare time – these days not so much (you could probably tell by the sad fact that I don’t update my blog so often). Sorting out the good from the bad is not easy and very time consuming. I came across a few good EAs, but the majority were junk. Anyways, before I go on a rant I can probably boil this story down to the following steps:
1) I noticed this oddly named Forex 1000 pips EA
2) Did some googling
3) Become curious to see how it performs
4) Grabbed a copy
5) Slapped it on a demo account.
The rest is essentially only a matter of time. For now I’m running Forex 1000 Pips on a demo FXCM UK account. This EA runs on the EUR/USD and GBP/USD currency pairs – both on the H1 time frame.
I will continue testing it and report my findings here. If it works out ok on demo I got a modest live account I intend to use it on.
Wish me luck!
Oh, and if you have some opinions about this EA you’d like to share feel free to leave a comment.