FOREX SHOCKER

Forex Shocker is a new Forex Robot released in May 2009, and is proving to be one of the steadiest earning automatic traders on the Forex robots testing site. Over the three week period since it was placed on test, it has made 42 trades all of which are winners. This is an extraordinary record for a Forex robot. This robot uses a scalping approach, and trades for only 2 hours a day between 16h00 and 18h00 EST when trading is not very volatile. It's algorithm is programmed to pick periods when one of these pairs makes a rapid move up or down. It immediately takes a contrary position in order to make a profit on the bounce back.

Forex Shocker is a new Forex Robot released in May 2009, and is proving to be one of the steadiest earning automatic traders on the Forex robots testing site. Over the three week period since it was placed on test, it has made 42 trades all of which are winners. This is an extraordinary record for a Forex robot. This robot uses a scalping approach, and trades for only 2 hours a day between 16h00 and 18h00 EST when trading is not very volatile. It's algorithm is programmed to pick periods when one of these pairs makes a rapid move up or down. It immediately takes a contrary position in order to make a profit on the bounce back.

Each currency pair has five neural network parameter settings, which differ for each currency pair. According to developers, this Forex robot EA is able to adapt to changing market conditions through re-optimization of these parameters. The user manual provides the current settings which should be used to maximize profitability. The user does have a the option to adjust these parameters according to their own trading style, but the developers to advise that they will provide free updates to its customers if the parameters require changes.

This Forex robot has the option of three money management settings being regular, aggressive, or super aggressive. On the Forex robots test site Forex Shocker is using the regular setting.

Forex Shocker is an active trader despite only trading during these restricted hours and so far on the Forex robots testing site seems to trade fairly actively, averaging about 10 trades a day across the four pairs traded.

Although the back tests for Forex Shocker are very good, it is the forward test that count, and so far the result are better that I have seen. It is however early days and we will need to check the sustainability of this automatic trader. The other point worth highlighting is that this is a scalper and scalpers will only work with brokers offering narrow spreads.

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