Regarding VIMAL's comments: I agree he has done two things (using Alpari and a VPS) to increase his chances of success, but there is one more thing he could do. Reading KARL's comment, VIMAL could use trade copier software that fxgtc has a link to (
Forex Global Trading Company ); they even give a contact person to help with set up (
sotiris.bogris@rogers.com ).
If this makes a difference for him, that's good news for all of us!
My experience with the EUR/GBP robot has 2 phases; before and after the broker spread increases. When you could still get 2-3 pip EG spreads during the Asian session, I made a whole lot of money with this robot. Like north of $30,000 in 2 months, on about $20,000 account size-no joke. But before you go out and buy it, you should consider a couple of issues.
First, a lot has changed since then. Primarily, good brokers don't offer 2-3 pips spreads on EG anymore. Try 5-8 pips now. BIG difference on a scalping robot. FXDD for example went from 3, to 5, now they are 8! FxPro went from 2, to 3.5, to 5, now they are 7. I still run mine with a 5 pip spread (no more), and it's performing ok, but it's a lot riskier now, and I think the robot will only ever be a shadow of what it once was. Part of the problem is that FAPTurbo, Sigma, and this robot all came out at the same time, and all try to scalp EG (very successfully for a while apparently). So, the brokers response has been predictable.
FXGTC does list 2-3 pip spread brokers on their website, but most of those are scam operations (in my opinion), or have offices in Egypt or something. Let's face it, for the forseeable future, 2-3 pip EG spreads are simply gone (during Asian at least, when this robot trades).
The second issue is the new personality of EUR/GBP. It used to be a calm, ranging, somehwhat boring currency pair (perfect for a scalping robot). Now however, this pair is on CRACK. It's not uncommon for EG to now have up to 400 pip daily moves, a range that you previously wouldn't have seen in months. Just take a look at a Daily chart of EUR/GBP and you'll see what I mean. The result is that a lot more trades get stopped out.
I still hold out hope that the "old days" (like 3 months ago) will return along with this robots amazing profitability, but as I said, it's now a mere shadow of what it used to be.
I did just buy the Artemis EU robot, but it's too early to offer a review on that, but I am hopeful. One reason I got it is that because it trades EU, broker spread widening isn't an issue, as virtually all brokers, even the bad ones, offer 2 pips on EU all the time. Plus, it's not a scalping robot anyway, so spread is not as big of a deal.
So overall, I am happy with this company; I just wish the EG robot would have had a longer lifespan of profitable trading...
Best wishes
