Forex Trading Buddy is an older EA (in relative terms) that crossed my path after its developer, Cory Ross, sent me a copy to try out in the Lab. With the Forex Trading Buddy site showing great back test results since 2008 along with considerable live testing success on other EA review sites, I thought it was well worth putting it to the test here to see if it could cut the mustard.
Forex Trading Buddy Essentials
- Trades EURUSD M5 Chart
- 3 Trading Strategies, choose which one(s) suit you
- One scalping and two long term strategies
- Option to turn off on Friday’s
- Full Money Management options available
- SL, TP and Trailing Stop settings available on some strategies
Right, let’s take it to the lab…
Test 1: Independent Strategy Testing
2005 Strategy Test results using low risk settings of 0.01 Lots (Long Term Strategies) and 0.1 Lots (Scalper Strategy).
View full 2005 Forex Trading Buddy Strategy Tester results
2006 Strategy Test results using low risk settings of 0.01 Lots (Long Term Strategies) and 0.1 Lots (Scalper Strategy).
View full 2006 Forex Trading Buddy Strategy Tester results
2007 Strategy Test results using low risk settings of 0.01 Lots (Long Term Strategies) and 0.1 Lots (Scalper Strategy).
View full 2007 Forex Trading Buddy Strategy Tester results
2008 Strategy Test results using low risk settings of 0.01 Lots (Long Term Strategies) and 0.1 Lots (Scalper Strategy).
View full 2008 Forex Trading Buddy Strategy Tester results
2009 Strategy Test results using low risk settings of 0.01 Lots (Long Term Strategies) and 0.1 Lots (Scalper Strategy).
View full 2009 Forex Trading Buddy Strategy Tester results
Currently running Forex Trading Buddy on Alpari UK, testing started on 6th November 2010. Current results are as follows:
View our Forex Trading Buddy Live Test Statement
Lab Result:
Update 1st January 2011:
- Attempted to turn both Long Term Strategies off as these have not been profitable to date.
CAm,
now check out the results of Sp of zulutrade “only sunday” and tell me what do u think about it… now also test quattro and there is also release of forex fisher bot ( fish forex bot version 2) today or tomorrow may be so u will also test it…. and cam i also found “forex gap bot” running on fxtradingreviews.com its also look quite interesting product as it trades on only monday with short trading hours and lower DD…. so i compile a list of things to do for u 
cheers…
its mean u r back from holidays
Yes, I’m back from my hol’s. Will have a look at your requests above and let you know which ones I think are worthwhile pursuing.
CAM,
good tactics and good risk/reward ratio… Cam, big news is that forex fisher from rita is released and live now… so when will u put it on testing sir 
it looks like forex trading buddy is start performing as consider
Shahbaz, I’ve just got my copy of Forex Fisher. Will have it on the site in the next day or two!!
Just seeing if I can get a copy now.
greaaat
On there for you now
Cam,
great performance by this Ea so far…. gross loss is just -28$ after 33 days of testing…. and main thing is that loss only happens to micro lots trades… i think it have good scalping strategy…. whats ur opinion cam…
It’s from the same outfit that did over drive so they know how to build a good bot. I’m also running a deal on their signaling service today on my other site http://www.forexdealday.com. No surprise this bot is doing well. Let’s hope it continues.
Cam,
Not sure if you have checked out the forextradingbuddy website. The EA you are promoting is not even in profit even today, even though the statementis from september 2009. Wonder why you chose to promote this EA ?
best regards
The statement they have on their site uses both strategies, long and short term. The long term strategy doesn’t work very well and kills the short term one. They have the same risk set for both strategies. Above I have the long term at 0.01 Lots and the short term at 0.1 Lots.
Hope this make sense.
Thanks Cam. Now it makes sense
best regds
i, would like to know which bots are best with my broker ? they offer a 2/3 pip spread and i understand some bots have other account requirements. thanks Kelly
Hi Kelly,
I can confirm that MegaDroid and FAPTurbo will work well with the 2/3 spread offering. Others may also but I can’t confirm for sure.