Forex Tracer Performance Update 7-6-08

Greetings! I'm back from vacation with demo results for the new Forex
Tracer EA. My demo statement can be viewed here.

You'll notice that the account equity declined almost 2% from 6/22 through today. The loss is primarily due to one trade which hit the 250 pip stop loss. This occurred during a very volitile day for the dollar. There were 5 winning trades for 30 pips each (3 longs and 2 shorts) and a couple minimal wins. I found it interesting that there was a fairly equal number of buys and sells and also that the EA was successful going in both direction.

I definitely am interested to see how this continues to perform. Check it out for yourself here. There is a 56-day money back guarantee so I would recommend putting it on a demo account to test it out.

Cheers!
Craig

Forex Tracer EA - Anybody Heard of it?

Hi all,
I just discovered the Forex Tracer EA. This particular EA trades the EURUSD on a 30-minute chart. Backtest results (Northfinance) over the past two years show maximal drawdown of 25% and the original $25,000 deposit growing to $360,000. The backtest is very interesting in that the EA frequently modifies open trades. Unlike the Forex Autopilot there are both longs and shorts.

I'm always skeptical but if we don't try it we'll never really know. I purchased the EA and set it up on my IBFX demo account to begin trading this week. I'll keep you all informed of my results. Click here to learn more about Forex Tracer.

Cheers,
Craig