This really innovative Forex Robot, named MRNBOT, has been devised by David Morris. The best thing about this high-frequency FX Robot is that it uses innovative MRN technology which scours the Internet for “mood data” (similar to the spiders used by search engines), it then interprets the keywords and looks for hidden trends, then sends them to your trading software in real time to place trades. Clever!
How Does It Work?
Well, according to what I could make out during my review:
- It uses MRN technology to scour the web for hidden trends, like search engine spiders (however, I’m unsure how the Backtests below can take this into account??)
- It combines this information with indicators
- Has the speed and accuracy of a ‘scalper’ style EA
- Has lower draw downs than your typical scalper EA
- Trades USDCHF and CHFJPY pairs (MRNBOT Advanced version also trades USDCAD and EURGBP)
- 5-digit and ECN broker compliant
Take a look at the impressive 10 year Strategy Tester Report below…
Test 1: Independent Strategy Testing
2009 Strategy Test results on USDCHF risking 10% of total account per trade …
View full 2009 USDCHF Strategy Tester results
2008 Strategy Test results on USDCHF risking 10% of total account per trade …
View full 2008 USDCHF Strategy Tester results
2007 Strategy Test results on USDCHF risking 10% of total account per trade …
View full 2007 USDCHF Strategy Tester results
2006 Strategy Test results on USDCHF risking 10% of total account per trade …
View full 2006 USDCHF Strategy Tester results
2005 Strategy Test results on USDCHF risking 10% of total account per trade …
View full 2005 USDCHF Strategy Tester results
Currently running MRNBOT on Alpari UK, testing started on 4th November 2010. Current results are as follows:
View our MRNBOT Live Test Statement
Lab Result:
Looks very promising! When do you plan on putting MRNBot on Zulutrade?
Cheers –
Sebastian
Hey Sebastian,
I’m abroad, in Australia, at the moment so will get it on there in a couple of days when I return… And, Yes, it does look promising at even this early stage!
hi Cam,
Cam can u just check the signal provider named “only sunday” in zulu trade he is having very class formula… only at sunday nights,when only stock market open, he trades in these short trading hours…. no risk of big loss… and also consistent performance… cam plz make another page OR section on website on which all of us shared our experiences about using zulu trade signal providers and also talked about it… WHATS UR FAVOURATE SIGNAL PROVIDERS IN ZULU??
looking good in its earlier period
Hi Shahbaz,
Will do on both your requests. As you will see from the top of the page I’m having some technical difficulties with part of the site… I should have a fix in place when I return home in a couple of days and will action these as a priority.
Cheers
CAM,
its means u r enjoying holidays… hmmm… Australia is so beautiful country…. so many places for visiting… so just enjoy ur holidays and yeah cheers to u too..
Cams, what time frame does this bot work on?
oops, stupid question
(but it IS M15 right?? on all pairs?) if this one passes we might have another fapturbo on our hands 
Yes, it’s M15. And, Yes, at this stage it’s looking even better than FAPT!
Hi Cam,
plz explain me about leverage.. how high leverage have high risk of loss?? and if i open $1000 account with fxopen than what is tha best leverage for it??
Hi Shabaz
High leverage gives you the potential to have big losses, but the control I ultimately in your side (unless your broker is a market maker and trades against you). As long as you have enough capital to withstand a stop loss hit on all your trades your leverage doesn’t matter. It only comes into play when you start risking too much per trade. Because of leverage the broker may allow you to open 10 lots on an $1000 account, but if the trade goes against you you may wipe out your account with only a small price movement.
Re broker: starting with small leverage us always the best move.
Cams, is this bot ALSO spread sensitive? (like FAPT)
Not sure yet mate, will have to have a play on live if it continues to perform and will let you know.
Cam,
when will u come to ur homeland and start working again on site? and setup new bots on site like forex quattro….
Hi shabaz,
Yeah, I was overseas last week and now back in NZ but have been on holiday this week showing my brother in law around the country… Writing this reply from my phone on the beach… Plan to be back home in the next day or two so will check out quarto and have another ea ready to load also.
hey Cam,
MRN BOT looking great if we just analyse its one side.. but unfortunately the other side is that it loses all of its profit on one bad day which can be happen any time.. lets take example of 12/11/2010, before this date, account is in profit with the figure of $252.. but one bad day happened and Ea wipe out all of its profit on one single day… and this pattern repeats again… on 24-11-2010 and again all profit wipes out in a single day… it means money management isn,t good enough in this Ea… and it trades so many times in a day which is also not good.. less but profitable trades are best besides so much trading on a single day… this is my analyses… whats ur opinion Cam???
You’re right, but there could be a golden nugget in there!! If you look at the MT4i.com stats, by clicking the link below the chart above, you will see that USDCHF is the only currency pair performing well, all others are making it look bad. To date USDCHF has a profit factor of 79.27 which is very high and has a net profit of $734.91 with only 2 losing trades and 38 winners. Losses have totaled $9.39. Let’s see if this pair can continue. The back tests above show otherwise.
Hey Cam,
Yeah, very valid point… i also checked the mt4i.com stats of some other users who are using MRN bot.. there stats also indicates that this robot perform consistent on USD/CHF pair.. and having a wining ratio of plus 80 percent… but besides this pair… all other pairs have losses..
so let see, how this Ea performed in future