You asked for it so here it is, the Forex Greenbot from Rita Lasker. Greenbot comes as part of the Forex Green Kit which also includes a custom indicator, called Green Former, based on the Greenbot trading strategy. The indicator allows you to get the EA signals and potentially apply some of your other trading knowledge to improve this systems performance.
Rita’s other EA Fish Forex Robot is also listed and tested on this site. Now fans of Rita can see both Fish and Greenbot in action side by side.
Forex Greenbot Essentials
- Trades EURUSD M5 timeframe
- Can trade other pairs/timeframes (at your own risk)
- Enters trades using channel building layered with Fibonacci ratios
- Exits on Take Profit or Stop Loss
That’s pretty much it. I’ve started the live test already and want to get this up quick smart so those eager to see how it performs are satisfied…
Test 1: Independent Strategy Testing
January – June 2010 Strategy Test results using 0.1 Lots.
View full January – June 2010 Forex Greenbot Strategy Tester results
2009 Strategy Test results using 0.1 Lots.
View full 2009 Forex Greenbot Strategy Tester results
I further tested back until 2006 and all charts had a similar pattern to those above. However, I’m wondering if this EA doesn’t backtest well (Rita, can you confirm?). Let’s see below anyway…
Currently running Forex Greenbot on Alpari UK, testing started on 17th September 2010. Current results are as follows:
View our Forex Greenbot Live Test Statement
Demo Account disabled by Alpari on 21st October 2010. The above chart has stopped working now, so please refer to the chart below:
View our Forex Greenbot Live Test Statement
Lab Result:
6th November 2010:
- Version updated to V1.11. Let’s see if it can turn things around.
WHAT the…
has this bot made ANY profits???????? NOT according to your tests??
I know. The back tests look pretty bad. I’m hoping Rita can shed some light on them, or that the forward test will show us different.
i CERTAINLY HOPE SO!
i would just find it VERY weird if forward is comPLETELY different! then it will also show just how unreliable backtesting really IS????
HI CAM,
i think that we can’t rely only on backtests bcuz it proves that backtest can be different from live trading…. when u backtested no name than u wrote that its backtesting really impressed me and it will be a good robot for graduate but time proved it wrong…. the no name bot with strong backtest delivering bad results on live trading…. where as when we consider fish forex or specially green bot than it gives better live trading results as compared to their poor backtests…. so conclusion is that live market is different from back-testing…. so we can’t rely on it…. back testing is only good to check the robots strategy….
One thing about the back tests above is that they end just before the back tests Rita displays on her site (where the EA starts to perform well with a positive curve) so the live test above may be a continuation of this good winning streak. However, I think we really need to hear back from Rita before we start jumping to any conclusions
so what you saying ultimately then is this bot can’t be trusted really, it’s not consistent?
Possibly, I really need to confirm the backtests from Rita first.
Cam,
whats ur opinion about AAAfx broker… whats the ratings for it… means its a good broker or not?
I haven’t had any experience with them, I just know they have very good features when aligned with ZuluTrade
I purchased Rita’s Greenbot and all i’ve had is one loss after another..the tiny wins compared to the continuous stream of losses just do not add up. I read this bot trades like its on fire – Not happy – I am waiting her update on the results and will update later. Not good so far
cAM,
which version u r using now?? 1.10 or 1.11? i heard that new version is not performing well on fxtradingreviews….
This is still 1.10. I haven’t received an update from Rita.
i’m using v 1.11 – Rita replied – nice lady. She says days 1-10 are proving a bit dicey with the Ea which is what it was with the results i was getting so I will trade after those days in the month and see what happens. I turned it off testing another but will put it back on. Rita offers a good customer service – but we’re here to make money so will update on the results i;m having soon.
hi Jen,
update us continuously with performance of green bot…. but why Rita doesn,t fix the bugs of greenbot instead of saying that off the ea from 1 to 10 of month?
good to know this
Hi Cam,
regards……
i visited fxtradingreviews.com and i see that ea named “forex combo system” made amazing results in its 20 days of performance…. it is combination of three Ea’s and trade on EUR/USD…… the important thing is that when i watched the live trading results of this ea on “my fx book” then i really amazed… i never seen this type of consistent performance in most ea’s…. so plz visited the site and take a look on forex combo EA… and add it in our great site forexreviewsrated.com
Combo sounds interesting… I’ll make sure I check it out!
V1.18 released by Rita today with comment update bugs fixed..I’ll put on demo tonight
Folks – I know its only day 1 of the new improved version!!! but hey ho… 3 trades all positive 43 pips total…. as the songs says:
it’s beginning to look a lot like Christmas
everywhere i turn
LOL… Brilliant stuff Jen. I’ll have to see if I can get the update through from Rita! Let us know how you get on in the meantime.
Yea Cams,
oh, and while you’re at it, stick it on zulu as well 
I’m sure a lot of people will hook up to THAT bot
it looks like combo is really doing it’s thing…and green bot, wow ,suddenly 50%+ within month and half (fxreviews)??? best get you tail into gear and get updated version hey
Hi Craig,
I’ve contacted Rita, so should get the update soon. I’ve also added it to Zulutrade here. So you can follow it there if you wish.
Hi Folks,
– I’ve just cancelled my order for a new car 
~ Day 2 -and 2 losses equating to -73 pips – ouch- that hurt! – and one win equating to 24 pips and an open order which could go anyway at preset..As the EA is a scalper and likes to get in and out in an eye blink – i’d imagine it’ll be another negative equating to 3 losses today. ouch some more – Can some one pse change the record!!!… to “stop the cavery”… lyrics ..”wish i was at home for christmas”…change please to – wish i had a car for christmas… la la – la la 
..dream on…
I know its early days and i’m sure you dont need a daily update but i’ll give it to you all the same today
Hi,
do you plan to include the “forex combo system” on Zulutrade? As mentioned above by shahbaz, it seems to perform extremely well…
I’ve added it to my list of things to do, so will let you know when it’s added. Good to hear there is more interest
Hi,
i wonder every time why a Vendor only shows up “Demo Results” The Vendor of the Combosystem has only Demo Performance.
This is not an significant Output – Because theire are Difference between Demo+Live Accounts.
- Spread Differences
- Execution Differences (NDD,Instant,…)
- Ececution delays 15-40 seconds.
- Network Latancy Differences,….
- And maybe many more
i don’t follow anymore vendors without significant facts. Showing 50% of infos is a way to attract Peoples.
Please be careful.
Max
Hi Max,
there is a live real money account available of creator of forex combo on his site….. and its also in profit as his demo did… besides that search the “my fx book” u will find 4 more live real money accounts of forex combo and they all r running in profits… hope this helps…
Regards….
HI Cam,
add these 2 things in ur list of things to do
1- Rita lasker’s new forex Quattro Ea… which is best forex Ea of 2010 in her opinion….
2- M.R.N bot seems quite interesting… first news trading Ea….
Regards…
I’ve requested both (MRN does look good). I also have Crescendo already running on demo in preparation for adding to the site. Should be up soon.
Hi (to Jen in particular)
I bought Rita’s Greenbot and followed through with her Quattro (don’t you just hate upselling!).
The two in conjunction have made seven trades in the last seven days, losing six of them and 300 pips. I’ve asked for my money back!
I also contacted Chris at fx trading reviews who had some good results with the Greenbot and, comparing trades, not one of my trades matched his trades. That’s very odd.
I’ve sent Rita copies of the accounts and asked for some advice on settings. Will follow up, if you’re interested.
Mike
hi MIke,
u also bought quattro from rita or just green bot?
Hi Shahbaz, I bought Greenbot and was then offered Quattro at a discount, so I took it.
Just a quick update on my mail above, Quattro made three winning trades today recovering 160 pips. That’s more interesting, but I’m still 140 pips down.
Rita hasn’t responded to my query about the different trades yet, so I’ll let you know .
ok… can u just show ur live results of quattro? so that we can get idea of how quattro performed?
Hi Shahbaz, certainly I will…. If someone can tell me how to copy the png file to this forum.
Thanks
Here it is guys.
Thanks, Cam.
A question (this will expose just how ignorant I am!):
I’ve obviously upset Rita and she’s not replying to me at the moment and need some advice? I have Quattro loaded on my laptop (on MT4 with Forex.com) and desktop (on MT4 with Dukascopy) in my office. The laptop has shown all the trades, but is not always on. The desktop installation has never traded, but is always on.
Am I doing something wrong? Is there any restriction on installation onto more than one machine?
Your thoughts would be appreciated.
hi Guys – jen here – i forgot the url to this site so i couldnt update – duhhhhhh
– Anyway = Mike – thanks for the update! – cheers me dear… Rita very kindly allowed me to swap greenbot for quattro… she is a sweetie…she gave me a prestn as well 
– and i’m getting results..It does have losses but the wins over take them. I’m happy with quattro. I have quattro running on a demo and a small live account and the demo is doing better than my live but then i do have other EA’s on my live account so maybe its affecting my leverage and not taking out as many trades?? I did turn off GBP/USD 15mins – as that had the losses but the demo started to recoup them so i turned it back on live
… I’m with Alpari by the way. Rita new Fish EA is getting some seriously good reviews… The results page shows quite a lot of looses but when you look at the end of statement it recoup’s them…so point noted to not get too concerned or watch the trades too closely I guess – otherwise it will give you mental porblems – “It’s taking all my mon-ney!!!!…aaagh-aaagh!!!” – Anyway – thats me – happy as a lark again 
– Its beginning to look a lot like Christmas – tral la la la 
Thanks for the update Jen! I had a look at Quattro yesterday and thought it wasn’t worth putting on the site, but since you seem to be having some success I may reconsider it.
ps..I heard MRN was a scam?? not sure how true that is but heard it was so be careful there. All the best – Jen
Oh Gosh Cam… Got me worried now my quattro will turn on me… just as I put the christmas records back on
– I’ll watch it more carefully now and keep you posted 
thanks again 
Hey Cams,
Just want to know, I can’t understand why the difference between YOUR settings and fxtrading’s settings, did you ask Chris because it seems with HIS settings he’s is doing GREAT with this one?????
Hi Craig, I doubt Chris will give me his settings as he seems to have copied my comparison table layout/design… he’s obviously keeping an eye on his competitors
Maybe you could ask him and then we can compare.
I’ll try, or, maybe you should get hold of RITA and ask her, perhaps she’ll help you out?
seems chris just came back from a holiday with NO internet, didn’t think there WERE such places anymore
(kidding) are ALL your settings on default???? chris DID say he’s gonna run strictly default on ALL his bots, doesn’t make sense though cos you both running on alpari????
Cams, Chris came back to me, it seems he has the latest version: 1.18, and according to notes above you haven’t updated???
he runs as MUCH default as possible on ALL robots tested (he tries not changing ANYTHING on ANY bot), so problem really is you 
been naughty boy and haven’t updated yet have ya lol
laters
You’re right… Will contact Rita again for her latest version… and get it running.
Thanks for keeping me on top of things;-)
Hi Cam – as promised I did say i’d update you on Quattro – It hasnt proved too consistent in the short term
(sad face) – although admittedly I do have a rather short attention span before i get bored with things 
In the beginning it got me quite excited 
It does have winning trades – but i’m unsure long term if it will be in profit. Maybe it will – I’ve turned it off anyhows for now. It doesnt buzz me like some of the other bots out there. I run a few on the same account so if one makes a loss i can pick it up with another 
the system works well for me – although you need to be aware of your leverage if you follow suit. Hey – if you want to earn some money – one of the more consistent bots i use live is turbopips sniper… as long as you dont over leverage/just let it trade i’ve found it to be consistent enough to keep me smiling. I had high hopes for quattro – but will go back and retest it to see how it pans out later. 
.. The GBP part didnt have good results at all with Alpari for me… It made me wake up in the morning looking at my trades like this 
– although it was better with my demo with fxdd?? maybe its broker related… morning trader is another cute one by the way – It does have losses but its still making me smile and of course a few mentioend by you – overdrive for instance although you need to be patient with that one – trades tend to run longer/be in drawdown at times but they seem to all reverse for me positively 
oh well – bye for now – Jen 
Thanks again for the update Jen!
Your comments are putting me off testing Quattro somewhat… at least putting it down the “to test” list ahead of your other suggestions. I’ll look into them both and see if I think they are worth adding to the laboratory!
Jen,
cos if you run demo and performs well you then have to run live and take another “CHANCE” so if you’re running live pls let me know what broker??
which broker you using on turbopips and morning please? Please tell me it’s alpari…LIVE??? perhaps better if you run live on micro’s, better than demo
tks
cams you can’t take green off because it’s not performing, i think that would be a bit unfair
it hasn’t been updated yet, how CAN it perform?
I think you misread my comment. I was referring to Quattro. I’m still waiting for the update from Rita re Greenbot.
Geesh Cams, surely the update doesn’t take THIS long?
I think Rita and her team have gone on holiday by the look of other comments where people are struggling to get refunds… we’ll see if she comes back online… I’m not holding my breath on this one… think there are other fish in the sea worth catching