The Manual

The manual for Forex Trade Alarms is very comprehensive, with screenshots for each step. The developers also send preset files for the EA to cut on installation time. Th FAQ section in the manual is also very thorough, which helps a lot with people new to the system.

Support

Support was quick, polite, and efficient; a request sent was answered within 12 hours.

Analysis

ForexTrade Alarms trades an avergae of 3-5 trades per week (according to its developers and our one week on demo). It has closed 10 trades since I began demo; one EURAUD loss (very small, just 7 pips loss) was my fault because I opened the trade in the wrong direction. Several trades hit BreakEven SL when changing direction. Overall, though, the account is up a little over +26% since demo began. The SL are approximately 50% of the Take Profit levels, which allows for better possibility for profit. It is very early days in my testing but i’m impressed so far.

I have been asked to provide third party results for Forex Trade Alarms, which i am doing. My results can be seen on their homepage as well as by clicking the equity curve/results below.

Overall

It is going to take some time for these signals to absolutely prove themselves, despite their amazing start. I treat signal services the same way as i would most other systems and trading robots – they need to prove themselves consistently profitable over quite some time before i would be fully confident in them.

Visit Forex Trade Alarms Site

To begin, currencies are bought and sold in pairs because there needs to be a reference point. Let’s take GBP/USD, for example. If you simply bought 1 lot of the GBP, there would be no other currency to base its price from. . .how much is the GBP worth now vs. an hour from now? You have no way of knowing without another pair as a reference.

The first currency in the pair (in this case, the GBP) is the base currency. You are buying this base currency, and hoping that it will increase in value so that you can make a profit. The second currency, or the one after the slash (in this case, the USD), is called the quote currency or counter currency. This currency shows how much you need to pay in order to buy 1 unit of the base currency. For example, if the price of the GBP/USD pair is 1.5150, it will take 1.5150 USDs to purchase 1 GBP.

The counter currency (the USD in this case) is also being sold simultaneously while the base currency (GBP) is being bought. Why is this important? It can help you draw parallels in pairs, thus assisting you in making good decisions. Let’s say, for instance, that you are purchasing the GBP based on the fact that you think the USD will get weaker. This can translate to other pairs using the USD as a quote currency. . .the AUD/USD, EUR/USD, etc. If the USD weakens as a whole, the likelihood is that pairs with the USD as a counter currency (USD on the bottom or right side of the slash) will appreciate, or increase in value.

When you buy 1 lot of GBP/USD, you are purchasing 100,000 units of GBP based on its value in dollars. That is a lot of currency that you are able to purchase! It is, indeed, and this is due to the leverage that the broker gives you in order to purchase more than what you can afford to with the money in your account. For example, with 100:1 leverage from your broker, $1,000 is required to purchase 1 lot of currency. Some brokers offer higher leverage. . .allowing you to purchase more lots with less money. Sounds great, right? It can be. . but be cautious! It can also get you into trouble quicker!

As you can see, there is a lot of knowledge behind the scenes in regards to purchasing 1 lot of a currency pair. Manual trading can make a lot more sense when you are armed with the knowledge of the ins and outs of what is actually occurring.

The vendor has asked me to point out that demo results are NOT the same as live results, especially in light of this robot being a scalper – and this is a sentiment i very much agree with. Following the normal minimum one month of demo testing i will consider trying Forex Big Cat on a live account should performance continue along the same lines. Forex Big Cat does use variable lot sizes for its trades. I am told that this is an inbuilt feature which raises the trading size when the trade has a higher probability of success (note, this is probability, not certaintly – remember that just becasue something is probable doesn’t mean it will happen – anyone who lives in the UK will know what a 10% chance of rain today really means )

Forex Big Cat have multiple live accounts running which are on display on their website. This EA is not cheap compared to many other products flooding the market, at $997. I have been able to get a 5% discount on this price, exclusively available to readers here on my site. To get the discount you need to visit this page (http://forexbigcat.com/dsclaper.html) of their website.

We are hoping to go live with Big Cat in the next two weeks.

Update 6 April 2010

Forex Big cat have temporary closed their sales they will be up and running within the next two weeks.

Demo results:-

Update 16th April 2010

Currently investigating scam reports about this robot.

Update 3rd May 2010

BigCat is a confirmed scam. The code is very close to 100% the same as Euronis. Some of the Russian coding was even left in! It is a sad shame, really.

The second factor (and it rivals timeframe for number one) is the number of pips that we are looking for as Take Profit. Among traders, 1 to 15 pips as Take Profit is most often considered a scalp trade. This is the essence of the scalp, really. . .to get in, get out, and make sure you take a couple of pips of profit with you. Anything over 15 pips as a Take Profit level probably belongs to another type of strategy.

Risk. Yeah, you’ve heard it over and over again. Risk, lot size, money management. . . this is the be-all and end-all of the Forex market. In scalping, as discussed above, we are looking for a small amount of pips for profit. This is the first reason scalping strategies typically use much higher risk than other strategies: we want to make the same amount of money even though we’re taking less pips profit! The second reason the risk can be higher, though, is that the Stop Loss is typically much lower than in other strategies (don’t worry, we’ll cover this later!) And a third reason: we’re out of the trade faster than in other strategies, exposing ourselves to less risk.

Okay, so we say “out of the trade faster.” How long are we planning to hold this trade? If it is more than a few hours (read: maximum 4 hours), we’re probably not using a scalping strategy. Once again, the purpose of scalping is to get in, get out, taking profit with us with little risk. The longer the trade is held, the more risk we expose ourself to!

The aforementioned Stop Loss: it is typically acceptable to be 40 pips or less in a scalping strategy. This allows many of the other factors we’ve discussed to work; first, it allows for a larger lot size without putting too much of the trading account at risk; secondly, it allows us to get out of a trade that did not take the immediate direction that we predicted; thirdly, and probably most importantly, the Stop Loss must be small enough that it doesn’t take too many profitable trades to make up for it (we also want a profitable strategy, right?)! The Stop Loss, while not high on the list of factors in determining the strategy, is essential to scalping! The remainder of the strategy just simply won’t work without a Stop Loss of 40 pips or less.

The last few factors can be grouped together, as they are not necessary or essential factors in determining whether or not a strategy is considered scalping. Firstly, we have number of trades. A scalper can typically make more trades than a long-term strategy, since it gets in and out of trades quickly. In addition, a scalper tends to strive towards a large number of trades in order to build the profitable pips, whereas a long-term trade can get those pips in a trade or two. Secondly, the time of day is a factor in SOME scalping strategies; many scalpers prefer or work better (EA-wise) if they trade during a quieter, ranging period of time. It is often easier to determine direction during these times, and there are less surprises. Lastly, and this only applies to EAs, many scalpers use a fake S/L. Brokers do not tend to like scalping, as it is often more profitable than other strategies; thus, some EAs use a false Stop Loss (and have a smaller, internal Stop Loss) to “fool” the broker (if you believe the brokers need fooling that is!).

Scalping is a strategy typically used on short timeframes with quick transactions. Larger lot sizes are used to take just a few pips profit in a short amount of time. Many EAs use this strategy; the factors above can help you determine whether or not this is the strategy used by your favorite EA. Happy scalping!

The Manual

The manual for Black Swan is certainly less comprehensive than most; to begin, you will need to be well-acquainted with MT4. There are not scads of pretty pictures as there are in most manuals, and the manual is a bit messy, but it is certainly adequate to understand the installation process (fairly standard) and the workings of the EA. Much of the manual is actually dedicated to explaining the way in which the EA itself works.

The manual goes on to explain, in detail, the three core processes with which the EA chooses its trades. says the EA works using 3 processes: The Swan Web Bot trawls the internet gathering information based on keywords to figure out what the global financial community thinks will happen next.  The custom indicators are not described in as much detail, but the creators say that these indicators are used to qualify the data coming in through the Web Bot. Finally, the “Black Swan Theory” comes into play. This Theory, according to the manual, is the robot’s “fail safe,” and prepares for the unexpected but trading surprise and rare events. The three processes work in conjunction to predict trades.

Support

Support was quick, polite, and efficient; a request sent was answered within 24 hours.

Analysis

Black Swan trades 8 currency pairs: GBP/USD, EUR/USD, USD/JPY, USD/CAD, USD/CHF, EUR/JPY, EU/GBP, and AUD/USD, all on 15M charts. Our testing of Black Swan on these pairs was started on 5 January 2010. The robot trades for a profit of 10-15 pips. It trades 2-5 trades per day on average, although there have been days where it has made as many as 12 trades. From this testing, it doesn’t seem that it has a particular time of day that it tends to trade in; though, from the description of the inner-workings of the robot, it didn’t seem that it would have a specific timeframe.

Stoplosses are not as predictable, it seems; EUR/USD had the largest stop, which was 320 pips. With a T/P of 10-15 pips, that is quite a few profitable trades to make up for the S/L. This was the largest stop, though, and there were some on other pairs that were as low as 2 pips. There really is no consistency to speak of, except for the fact that EUR/JPY and EUR/USD, in testing, have had stops of 250+ pips. The remaining pairs do, indeed, have smaller stoplosses.

From the beginning of testing, the robot was doing very well! It is set to a low risk setting, using lot sizes of  0.01 and 0.02 lots on a $2000.00 account. For the first 2 weeks, the account was building nicely. . .and  2 stoplosses on EUR/USD wiped out the profits and then some (these 2 stoplosses equaled a total of -11%)! The account is currently in a 5.7% drawdown, and has closed trades for a profit of 2.35% over 2 months. Several trades in drawdown have been held for 6+ weeks, so this is not an EA for scalper mentality.

Overall

Black Swan requires more testing, but is really approaching a drawdown level that could make one nervous! A drawdown of approximately 5 times one month’s profit is a bit nerve-wracking.

View Stats Here

The Manual

The manual claims that Forex Transporter is the perfect EA for a “newbie,” as there are few variables within the EA. This is apparently the target, as the manual show every step, from installing MT4 to choosing  setting options on the robot, with pictures of every step to boot.  We put Transporter straight on demo (”Out of the box,” so to speak) to see if someone who is new to Forex or robot trading could easily install it and make a profit. It has been on demo since 25 January 2010.

Support

Support was quick, polite, and efficient; a request sent was answered within 12 hours.

Analysis

Transporter trades seldom; it has closed only 4 trades since we began testing. It is, however, holding 5 trades open, and some have been open for 4 weeks! Not all are in drawdown; the drawdown is quite high compared to its gains, though, at close to 7% currently.  In addition, those 5 trades could, in the long run, take up a lot of margin room, so this is something one will need to weigh when using this robot. It does not seem to trade at consistent times of the day or night, nor does it seem that it has any typical number of trades to place per week.

Overall

The robot is overall profitable, even if it is not the stellar results one might be used to. A 1.5% gain has been made in the first month of trading, and with low-risk settings. This robot looks promising thus far, but cautiousness will be necessary with a building drawdown.

Note About Our Stats Page

Our Forex Transporter stats became unavailable as the broker deleted our demo account, hence we are unable to share previous results. We have restarted a new demo unfortunately you cannot view the results as it has not traded on the new account.

Update 22 March 2010

There have been a number of scam allogations regarding Transporter we felt it would be best to withdraw it from test as we cannot prove them, however we tend to belive that they are true.

The Manual

The manual is very straightforward and comprehensive, walking you through downloading the MT4 platform with pictures and details at every step.  It does not, however, go into much (or any!) detail regarding the inner-workings of the EA, trade timing, strategies, suggestions, etc. Installation of the EA is very simple, and uses a EURGBP 1 H chart.

According to the mauual, Juggernaut is ECN compatible, works with both standard and mini accounts, and uses a sophisticated money management system.  As mentioned earlier, there few settings, but 4 things are necessary to set up:

• Lot size
• Lot percentage
• Trading time 1
• Trading time 2

Furthermore, Forex Juggernaut will run on a $500 accounts; however, $1000 – $5000 is recommended.

Support

Support was quick, polite, and efficient; a request sent was answered within 24 hours.

Analysis

Forex Juggernaut trades EURGBP on the H1 timeframe, and places trades in the late afternoon and evening (GMT time).

There is a warning whenyou want to alter the chart time frame;, you must take the robot off the chart and re-attach it on the correct timeframe.

It uses a take profit of around 7-10 pips (though it is variable) and a stoploss of around 78 pips (also variable, as internal logic is used to exit trades at other points). It trades 1 – 5 trades per day on average. In testing, though, the largest stop hit was 62 pips; often, it was much smaller.

From the beginning of testing, the robot was doing very well! We were using an unusually risky lot size of 1.0 full lot on a $1,000 account, however. Once this was noticed, the lot size was changed to 0.5 lots.

Overall

Certainly all EAs require more than a month on demo, but Forex Juggernaut certainly looks promising. The drawdown is not significant and the profit is more than intriguing. Let’s see how next month goes!

Update from DonnaForex 8 March 2010:

I have had a number of people report inconsistent results with Juggernaut. You can tell if this is happening to you as you will get multiple losing trades on your account in a short period of time. I’m not sure what is causing this at this time but it could be an issue with the coding. When it works, it works really well – which is a real shame!

View Stats Here

Update 24 March 2010

It has been decided to remove Juggernaut from test due to it’s inconsistent results things have not improved over the lasgt few weeks.

If you have decided that Forex Robot World Cup is for you and you want to buy it, you can get it through this link:-

https://www.plimus.com/jsp/redirect.jsp?contractId=2642786&referrer=donna-forex

The Bonus

dfTrendRetrace manual system. I haven’t sold this system or otherwise released it/made it available.

The system aims to catch moves in the market at low risk times. It uses a very low stoploss and a large take profit. It is no holy grail but it is a simple, low risk system that works. It generates anywhere in the region of 100 to 300 pips per month. Quite often the trades triggered by dfTrendRetrace will make themselves known to be successful (or not) very quickly, the successful trades often having drawdowns of less than 5 pips. (email me after purchase to get this! admin@donnaforex.com)

Help/Support?

If you buy Forex Robot World Cup through my link above i can offer you further help as may be needed. This can include in the future access to my updated research / combination of settings and robots used for Forex Robot World Cup. Anyone who has used me for help and support previously will know that the information i can provide is down to earth and honest – firmly based in reality rather than fantasy of what vendors may like us to believe – and that goes for any vendor, i’m not talking specifically about this product (as indeed the results are real for this – which is unusual in itself but not without its problems as most people would not be comfortable trading at this level of risk).

But What do you REALLY think about this collection of robots?

This is a common question lately on my email. I will say here the same as i have said via email, and that is if i had to put my money on any robots working well in 2010, it would be put on this particular collection of robots. There are no guarantees in anything of course, but the odds are swung considerably in favour of FRWC based on a number of factors:-

1. Number of options. There are many robots with very different strategies. Some of the robots are the kind that i personally wouldn’t want to trade at all, in almost any situation – however there are enough “good” looking robots to make me feel relatively safe moving forward that at least something will be working well at any one time.

2. Transparency. The creators have been honest about their claims and the accounts they display are real money and are true and correct. This is not something i’d write about lightly and is not a claim you will see me verify often, if ever, but in this case the results are definitely true.

3. Liquidity issues. We have seen big problems with liquidity in the past with certain robots. I do not believe this will be an issue with FRWC  for a number of reasons. Firstly, the price is much higher and hence there will naturally be a lot less sales. Secondly, there are a number of robots, at any one time not everyone will be trading the same robot. Next, the robots are mostly not scalpers, and non-scalping robots are much more resistant to minor fluctuations and change. Finally, these robots can be applied to any Metatrader accounts (so not all traders are locked to a single broker such as occurred with Evolution robot)- this means that if you have any broker issues you can simply move elsewhere.

But will it really work in 1 year from now?

I don’t know. If i have to be totally honest here, i would say that a few of the robots very likely will stop working – that much is almost certain and a pattern we see time and time again with many different robots. This shouldn’t be viewed as an automated money making machine that is going to last you from now until you die in 20,30,40,50 or more years. It is also no holy grail. Robots commonly can and do fail, even to the best. This is why before deciding to make a purchase you should ensure that you are going to get full value out of it in a reasonable period of time (let’s say 6 to 12 months as a conservative estimate, taking all factors into account). This all but excludes you from buying these systems unless you have fairly substantial sums to trade with (or are willing to take very large risks) which will easily see you recover $999 plus extra profits in that time.

You are just saying good things because you are an affiliate!

Well, that is true to a certain degree, i’m not lying there. I have a business here. I am a professional trader and i can make my living trading, but i also like running my business and helping other traders. My business needs money and i have staff i have to pay too. We have several projects under development of our own for some genuine, solid attempts at creating a great robot, all this takes time, resources and money.  However, i will never bring to your attention or knowingly promote something i know to be very bad. If the worse comes to the worse and there is nothing good to talk about i’ll just have to stop talking, and start writing negative reviews (and there are a few on here if you want to browse the site a little!). So yes, if you buy via this link i will make some money – and you will have my gratitude for supporting my site and my research, and you will be rewarded with our help and a free manual trading system. There are websites out there which claim to be independent review sites but I can assure you that the majority are not – they simply have clever means of cloaking their affiliate links to fool you into thinking they are not trying to make money.

Finally, here is the link again: https://www.plimus.com/jsp/redirect.jsp?contractId=2642786&referrer=donna-forex

I don’t want Forex Robot World Cup but I want your support?

If there are other trading matters you would like help with then you can join the membership area of our site, please don’t buy FRWC if you don’t actually want it! I can answer general trading queries through the membership area private members email.

• FSA Regulated
• Credit card funding available
• Fixed Spread and Variable Spread accounts
• Microlots available
• Minimum account size 250 EUR

Trading rebates are 0.25 pips/standard lot for the Fixed Spreads Account and 0.125 pips/standard lot for the Interbank ( Variable Spreads ) Account.

Sign up instructions – New Accounts

Simply apply through the following link:
Click here

Sign Up Instructions – Existing Accounts

1. Apply for a new account through our coded link:
Click here

2. Once this new account is approved, log into the Secure Client Area and request a transfer of funds from your old account to your new one.

or

Fund the new account by external deposit.

• CySec licensed and FSA registered
• Credit card funding available
• Non Dealing-desk broker
• Microlots available
• Minimum account size $500

Trading rebates are 0.6 pips/standard lot for all pairs with the exception of the Eur/CHF and Eur/Gbp which pay 0.15 pips/standard lot.

Sign up instructions – New Accounts

Simply apply through the following link:
Click here

Sign Up Instructions – Existing Accounts

1. Apply for a new account through our coded link:
Click here

2. When the new account has been approved, request a transfer of funds from the existing account to the new one using the following form:
Click here

3. Email the form to support@tadawulfx.com