Zulutrade Live Forex Trading Update 8/7/2009

Ok here is my Zulutrade update for this week.

Overall it was an excellent week. I did not allow any new open trades on Friday due to the NFP (Non Farm Payroll) report released the first Friday of every month at 8:30 AM.

Here are my results.

Signal provider 1. Pro-B5
0.6 lots (zulutrade calculates as 6 lots, it's actually 6 mini lots.)
1 Max Total Open Trades
100 PIP Stop Loss


Signal Provider 2. wintrade
0.1 lots
2 Max Total Open Trades
200 PIP Stop Loss


Signal Provider 3. LowestDD
0.1 lots
3 Max total open trades
200 PIP Stop Loss

IvyBot Auto Forex Trading Backtest Results

As many of you auto Forex traders may know, IvyBot was released this week with very lofty claims as to its success. IvyBot is actually 4 different EAs (Expert Advisors) for 4 different pairs EUR/JPY, EUR/USD, USD/CHF, USD/JPY.
I decided to go ahead and purchase it and demo it for a while and see how it goes.
If you do purchase it and are trying to run backtests I do not recommend backtesting farther than 1 year because IvyBot is updated regularly to try to optimize it for the CURRENT market conditions. So if you backtest for more than 1 year, you might not get very accurate results.
Also, per IvyBot's site, PLEASE NOTE: YOU MUST HAVE A 4 DIGIT BROKER

Here are my 1 year back test results using FXDD broker and the recommended settings in the instruction manual. I started with a $1500 account and traded 0.3 lots on all pair except USD/JPY which seems to be less accurate than the others so far, so I used 0.1 lots for USD/JPY.


USD/CHF results.


EUR/JPY results


EUR/USD results


USD/JPY results

Zulutrade Live Account Update 8/1/2009

Hello readers, sorry for the lack of updates the last couple of weeks...things have been quite tumultuous with my Forex trading the last couple of weeks since the huge loss I took. I am in "recovery" mode at the moment modify and testing strategies to see what went wrong and exactly how to fix it.

In the meantime, I have purchased and am running back tests on the newly released IvyBot. I will be releasing my 5 year back test results later this week, so stay tuned.

Happy Trading!