Tag Archives: forex 100 pips

Forex 1000 Pips EA Review

forex 1000 pips

Hi everyone. A while back I wrote a post saying that I started testing the Forex 1000 Pips EA. So after some time testing the EA I think I can confidently come to a personal conclusion regarding this EA. I say “personal conclusion” because I was not able to test it for an extended period of time. On the date of 04-14-2013 I set it up on a demo FXCM mt4 account with a starting balance of $5000 (USD). My demo account expired on 08-02-2013, and at that point my account balance was at $5093. There was a floating trade on the GBP/USD pair that at the time the account expired was at -167$. However the good news is that this gbp/usd position was opened at 1.55xx so had the account not expired it would’ve hit take profit for sure as gbp/usd is not at the 1.60xx range.

So, basically this EA works somewhat but given that after several months I barely made much profit I’d say it’s not an ideal performer to put it politely. If you go to this EA’s homepage it appears it’s no longer  available for sale. Instead its creator (a supposed “Rita” woman) is selling some scalper EA. I’m not sure if it’s worth spending more money to test her newest creation. Since it’s no longer available for sale I can’t give a definite buy or not buy recommendation. I would just say “move on” is the best review conclusion.

For now I think I will look for other EAs to test.

Happy trading everyone, and thanks for visiting my blog.

Alan

Started testing Forex 1000 Pips EA

forex 1000 pips

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.

Alan out.