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London Sunrise

5
Dec

Written by Donna
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London Sunrise

London Sunrise has been on a long running demo test since August 2009. This robot trades very infrequently so it will take a good length of time to determine if it is a working robot or not. This is not a robot which you want to run if you like to see action or are impatient at all.

London Sunrise trades in the mornings (GMT time), hoping to catch a breakout move as the markets kick into action for the day. It trades on the GBPUSD pair, and uses a stoploss which is roughly at least double what the expected gain is for winning trades (although this varies greatly from trade to trade).

Trading breakouts at this time of day is not an unusual strategy, indeed it is one very commonly used and recognised by traders the world over. It is a shame that this robot just doesn’t pick up on more trades and it is my opinion that we miss a lot of opportunities in the process.

For a long time, our demo account remained showing a loss. Over the months, this has extremely slowly turned itself around and as i write this we are showing a tiny profit (around 0.1%). The robot does naturally trade at very low risk, which is a real positive point, however 0.1% gain over a period of 4 months doesn’t really make it worth the purchase price or viable for trading when it is relatively easy to find *safe* bank accounts which will return more than this. It just isn’t worth the risk of exposing yourself to the markets for such meagre gains.

 

Update 25 January 2010

Sunrise has been on demo for  months without making a profit therefore we have decided to remove it from testing.

View the final stats here

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3 Comments

  1. Brandon says:
    December 12, 2009 at 9:13 am

    Hi Donna,

    I’ve noticed you’re using mt4i.com

    I would like to buy the EA but since those results are not verified, could you please set up an account at myfxbook.com?

    Thank you!

  2. Donna says:
    December 12, 2009 at 10:36 am

    Sorry, we are using MT4i for the foreseeable future. Myfxbook doesn’t have facilities for me to publish charts etc. on my site as easily.

    All of the common free stats services can be “hacked” if someone wished to do so – mt4i and myfxbook are little different in that respect. It is simply a case of using a free FTP client to upload your own (made up) statements. Truly verifiable records are hard to come by online.

    We are entirely honest about our results here, which is why you will not see us writing purely positive things about every EA. This EA right here doesn’t look so hot from our results even to be honest, not sure why anyone would want to fake the results you see above on this account? If you have concerns about our honesty or integrity please feel free to email us to discuss how we can satisfy this – perhaps by providing investor logins where we have them, or even access to our VPS by third parties who can verify results. Our main business here is not affiliate sales, it is trading ;-) .

  3. Brandon says:
    December 14, 2009 at 1:37 am

    Hi Donna!

    I’m not questioning your results, it’s just better looking on myfxbook :)

    Regarding the fake results – you’re probably not aware of the verification system that myfxbook released, you can read about it in their blog – http://blog.myfxbook.com/. As far as I know, it can’t be hacked since they get the data directly from the broker. It will probably get you a lot more credibility.

    Just my 2c ;) .

    Thanks for the quick reply!

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