It has been a quite interesting year in the world of automated forex trading. Before the introduction of FAP Turbo this was a very narrow niche, known to a very small community. Since FAP Turbo was released the market got absolutely flooded with EA:s. All of them promising that we all could retire within a couple of years after using them. However, as most of you know, in most cases the only people who got rich by the EA:s was the guys selling them.
The million dollar question is of course; What EA:s will actually work and make money for us during 2010?
In my opinion, there are only 3 EA:s that I would risk live money on at the moment, those are FAP Turbo, Megadroid and Forex Shocker. However, you need to be very careful with settings with these and avoid the high impact weeks when trading. For example, FAP Turbo needs a very narrow time window to work and no trading with the EURGBP. Megadroid seem to work best with the ADT settings. Forex Shocker seem to always work good for a while and then to crash heavily during weeks with high movements. I would definitely avoid EURUSD with this EA and only open one trade at the time for a particular pair.
Other EA:s that I will keep on my watch list during the beginning of 2010 are Forex Bling, Forex Broker Buster and EB-Turbo, which all seem to have potential.
I would be very interested in hearing your opinions. Where do you place your bets for 2010?
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