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USDbot
 
Tested Result: Scam
USDbot
 

Updated: February 2010

Profitable: 6/10

Easy To Follow: 7/10

Honest Result: 5/10

Support: did not test support

Bonus Value: 0/10

Results: 0/5

The Good: Good backtest for 2009

The Bad: Usdbot seems optimized for the 2009 only. Backtest for 2005-2008 shows bad results. Scam copy of free EA

 
 

USDBot is a new over hyped EA released by Mark Trenton. The marketing is copied from fapturbo, even the iframes with the accounts. However the results shown on page are from few weeks of trading and they are not updated in real time.

I decided to dig deeper and analyze the robot USDBot. It trades EURUSD and USDJPY on D1 timeframe. The short term backtest for 2009 looks good:

USDBot EURUSD 2009 Results

However Usdbot seems to be optimized for the 2009 only. Backtest for 2005-2008 shows bad results:

USDBot EURUSD 2005-2008 Results

Same picture on USDJPY. Good results in 2009 but bad in 2005-2008:

USDBot UsdJPY Backtest Results

The bottom line is USDBOt is optimized for the current market conditions and it is hard to predict how it will perform in future. We have placed in on the demo account for the forward test.

Update February 2010 It has come to my attention that USDBot is a scam. It is a clone of a free EA called Opto123. The developers of USDBot released version2 which has completely different logic and based on simple martingale that will blow your account. Be careful!

 
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Forex Risk Disclosure. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.