Pip Plus auto trade robot (EA)

As most traders should already knew, forex brokers delay data feed to trader trading platform, in another word, forex brokers already knew which side is the pricing going to go, especially during forex news where normally big move involving most major pairs take place.

Forex brokers profit from the spread and also by hedging traders losing positions. This hedging of course by forex brokers own calculation based on traders total buys and total sells which forex brokers have the edge over traders.

It is realized that forex brokers will not actually let you profit easily. 1 of the easiest way for forex brokers to defeat forex traders is by disconnecting the platform from the server. This will disable traders from entering a trade. This will also cause problem to some auto trade robot calculation.

So, apart from a good trading strategy and good money management, good forex broker is also needed for a forex trader to trade profitably.

Forex Robot PipMaster 2009 30-01-2009

10 robots were supposed to be running, failed to notice 1 robot was missing because the chart was accidentally closed. Decided to take out ninja robot from this trading account for pair eur/usd and usd/chf and closed all trades by the robot manually at break even or small profit.

For pair eur./chf, the ninja robot is still being used until break even or profit is achieved. For February, only 6 robots will continue, 4 robots are taken out.

Forex Robot PipMaster 2009 28-01-2009

Collected USD40.xx so far this week.

Robot forex PipMaster performance 26-01-2009

This week new setting with larger lot size has been used, 0.03lot per trade and trading 3 pairs, eur/usd, usd/chf and eur/chf.

Total trades closed for USD16.08, about 3% from initial capital.

Robot Forex PipMaster review 2009-01-24

Total 316 trades made.
Profit factor 1.31.
Draw down 13.7%.
Profit trades 69%, loss trades 31%.

All positions closed, net profit USD32.XX for this 1st week.
About 6% ROI.

All positions closed to ensure we start new week with fresh new trades with settings for better win-loss ratio.

Forex Robot PipMaster performance 23-01-2009

Total 277 trades made.
Profit factor 6.85.
Draw down 0.85%.
Profit trades 78%, loss trades 22%.

Forex Robot PipMaster performance report 22-01-2009

Market range was tight, not much movement, should expect a break out on Friday.