Hi everyone. Alan here with another review. This time I am reviewing a commercial forex robot (EA) called “Forex Turbo Drive” I’ve began testing this particular product on a demo IBFX account starting from July 27’th. Thus far I am afraid its performance has not been satisfactory to me. The demo account started with $10,000 and now it’s down to $8,405. It has a very odd trading style. It fired off quick buy/sell orders sometimes even in a strong trend. This thing is like a forex machine gun.
I think a picture will give you a better understanding so check it out here:
Sadly though the strategy does not appears to work too well at the moment. Have a look at this equity graph:
You can also download my complete forward demo test account performance statement here:
http://alansforexblog.com/files/Forex_Turbo_Drive_Statement.zip
As you can see by that graph above, the account’s balance just keeps on going down and down. Thus as of today I’ve decided to stop demo forward testing it. I’m going to get in touch with the authors of this EA and see if they have a fix for this bad performance. If they do I may consider giving it another shot.
However for now I would give this EA the rating of: NOT Recommended.
Update: Ooops I forgot to add that if you wish to discuss this EA and share your experience/performance with everyone you can do so at the Forex Robots Forum thread over here:
http://www.forexrobotsforum.com/showthread.php?t=51
That does it for this brief review.
Until next time!
Cheers,
Alan