A.I. Forex Robot
Overview
| EA Name | Homepage | Pair | Timeframe | Takeprofit | Stoploss | ECN | 5-Digits | Comments |
|---|---|---|---|---|---|---|---|---|
| A.I. Forex Robot | Click Here! | EURUSD | H1 | 40 | 80 | yes | manual |
Forward Test (Demo)
Status: stopped (qualified for LIVE-Trading)
Last update: 2010 February 12, 22:59 (GMT)
| EA Name | Statement | Weekly Net P/L [Pips] | Weekly Profit | Weekly Trades | Winning Trades | Max/Min [Pips] | Closed P/L [Pips] | Open P/L [Pips] | Total Profit | Max. DD [%] | Weeks in Test |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A.I. Forex Robot | Statement | 163 | 2% | 4 | 81% | 485 / -80 | 1519 | 0 | 15% | 12% | 9 |
Backtest
| EA Name | Statement | Period | Pair | Closed P/L [Pips] | Open P/L [Pips] | Trades | Winning Trades | Max/Min [Pips] | Max. DD [%] | Comment |
|---|---|---|---|---|---|---|---|---|---|---|
| A.I. Forex Robot | Statement | 2009 | EURUSD | 9073 | -4 | 481 | 80% | 525 / -80 | 38% | |
| A.I. Forex Robot | Statement | 2008 | EURUSD | 8030 | -40 | 494 | 74% | 640 / -80 | 58% | |
| A.I. Forex Robot | Statement | 2007 | EURUSD | 3306 | 154 | 354 | 58% | 236 / -80 | 51% | |
| A.I. Forex Robot | Statement | 2006 | EURUSD | 4879 | 17 | 363 | 65% | 247 / -80 | 35% | |
Homepage / Vendor
A.I. Forex Robot is a product of Donald Wilberg self proclaimed as Elite Trading Pioneer. The high glossy sales page mainly contains high claims of multiplying an account by 3, 5, 10….
As a proof there are several backtest statements shown, all running for january until september 2009. The backtests themselves seems to be complete and valid.
Delivery
As owner of A.I. Forex Robot you get:
- the A.I. Forex Robot (compiled .ex4 file)
- a 15 page PDF Installation Manual
- a 37 page PDF Trading Manual
- a 3 page PDF Trouble Shooting Guide
Installation / License
Like all 1 file prodcuts the installation is simple and very well documented. For possible problems / mistakes there is the additional trouble shooting guide.
A.I. Forex Robot does not require and additional activation an is not locked to a certain account.
How does it work ?
Unlike most other robots the trading system behind the A.I. Forex Robot is described in the included Trading Manual in all details. The system is based on Heiken Ashi and a Moving Average. To exit a trade a fixed takeprofit / stoploss and a price action based criteria is used.
Settings / Money Management / Broker Requirements
There are parameters available to define all the trading characteristics involved in this strategy. The settings beside the position sizing are not described in the setup manual but self explaining after a study of the Trading System Manual. Money Management is well described in the documentation and built in the expert advisors as an automatic position sizing which can be used beside manual lot size definition. To adapt to 5-digit price quotes there is a special setting which only needs to be activated by an input parameter and the robot support ECN style brokers if needed. The broker used for this expert advisor / manual trading system must allow a partial close of open trades.
Conclusion
A really nice product which is consistent and of good quality. Most EA vendors should take a look at this one for reference. Let’s see if the test results will be a sood as all the other aspects of the A.I. Forex Robot. One big concern about this EA is the scale out mechanism it uses. If you compare the backtest results in pips with the results in profit you will see the difference. in some years it did earn pips while losing money. Only in recent times it seems to be profitable in pips and finally in terms of money as well.