Forex Decimator Update 31 August – 4 September

So second week of Forex_Decimator trial and it went bad.  Unfortunately we had 2 major losses and 1 minor loss that basically wiped out all the profit and a further $100 approx of the account.

So we had 5 trades, 3 losses and 2 wins.

Overall Loss: -$98.80.  The account closed at 453.83 starting with a $500 account.

The robot is showing the weaknesses of all robots – HIGH STOPLOSSES.   One loss of $105.30 means 10% of our account, and this goes against all principles of forex money management.

Something else I want to comment, is that the same person from whom I came to know about this robot, has released the 4 th robot in 1 month – that all promise to make you rich.  From Forex Decimator should made me rich, why now I need 4 robots?  This is not at all looking good and it stinks.  I recommend not to buy the robot prior we finish our tests.

So keep following along.

Forex Decimator 24 – 28 August 2009

So first week of Forex_Decimator trial and it went well.  Unfortunately for some reason the statement is not showing all trades!   But this is what has happened since I was following the robot closely last week.

I believe it was Wednesday and Forex Decimator was in a trade.  The market changed violently and in 2 trades the robot lost around $75.  It wasn’t a good start for the robot.  I could have closed the trades manually, thus minimising the loss, but I wanted to see how the robot will react.  Basically it did nothing and hit the stop loss.

So we had 3 trades, 2 losses and 1 win.

Overall Profit: $48.xx.  The account closed at $548.xx starting with a $500 account.

We still far to judge the robot, since we have just started out. So keep following along.