With Forex Robot competitions coming to the forefront this week I find this is a perfect time for me to reveal the Forex Robot Nation summer tests. This test started in June and stretched to October. It ran a little longer than I expected but I wanted to get a strong sample size before declaring a winner.
Forex Robot Competition Rules
These rules are meant to help easily differentiate the strengths and weaknesses of the respected systems.
- Low risk testing
- Safe for small acounts
- Running primarily on EURUSD
- A long track record in the Forex market
I find these are all effective elements to use because Forex Robot Nation users requested a test that would show steady profits over the long term with little risk. This test is one that can be followed by any level user and is a good starting point for new traders because the results are clear.
Forex Robot Competitors
The field of competitors started at 20 and with many busted accounts it whittled down to eight.
- Forex Steam
- Forex Megadroid
- Tom’s EA
- Forex Millionaire
- Auto FX Payday
- Wallstreet Forex Robot
- Forex Overdrive
Now lets get to the fun stuff, the results and who took home the top honors in these years summer Forex robot competition.
All the accounts started with $1000 and this chart shows the account growth per month. You can hover over elements of the chart with your mouse for more in depth information.[visualizer id=”7127″]
Here is the breakdown month by month. This chart like the graph shows the account growth per month. For example, after June Steam went from 1000 to 1381.70, after July Forex Steam went from 1381.70 to 1852.00.
It was a rough summer for many of these systems as they didn’t gain very much but any gain is good gain.
The winner by a fair margin was Forex Steam which earned nearly $2000 on a $1000 deposit, tripling the initial deposit.
Out of the eight systems, Forex Steam accounted for 64% of all profit in this competition.
The Winner Is..
Forex Steam. With multiple free updates throughout the summer this system was able to balance the EURUSD with expert precision.
In honor of this competition and being crowned the winner Forex Steam has offered to provide us with a 10% discount to offer for Forex Robot Nation readers.
Thanks for reading, and in the comments let me know what other systems you would like to see me test in the next competition.
Download Forex Steam Now Read My Forex Steam Review
No question ForexSteam would win. V 7.1 is outstanding!!!
Glad to hear you are still using Steam successfully. If you have any advice on how you profit from Steam for our readers I would appreciate whatever you can share. For example, the broker you use, any settings you change etc.
I personally would like to see ForexHack added to this list. Any reason not to?
ForexHacked is only for people with huge trading balances and who will know to risk the bare minimum. And will have the stomach to see huge drawdowns without whining and have the guts to close out losing trades either every week or every day even. Most traders do not have the trading balance required, do not have the guts, and do not have the discipline.