Wednesday, August 5, 2009

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

No comments: