Forex Shocker 3.0 is the latest version of the original Forex Shocker Robot that was released back in May 2009. Since it’s release Forex Shocker has been getting good reviews by those traders who have used it. Forex Shocker 3.0 has been programmed to trade these four currency pairs: EURUSD, USDCHF, USDCAD and GBPUSD. However extensive backtesting, forward testing and live trading has determined that the best results are obtained on the two pairs EURUSD and USDCHF. Forex Shocker 3.0 works best with an ECN broker or a STP broker that offers tight spreads.
Forex Shocker 3.0 Back Testing Results
The back testing results of Forex Shocker 3.0 robot for the four currency pairs EURUSD, USDCHF, USDCAD and GBPUSD have been posted by the developers. The back tests have been performed using the tick data from Dukascopy and the modelling quality is 99%. If you take a look at these backtests, you will discover that this robot works best for the EURUSD and the USDCHF pairs.
Forex Shocker 3.0 Forward Testing And Live Trading Results
The forward testing results have been posted for the older forex shocker version and not the latest Forex Shocker 3.0. Again if we take a look at the forward tests, they are for the two pairs USDCHF and EURUSD. Live trading results of Forex Shocker 3.0 have been posted on the myfxbook and you can take a detailed look at these live trading results. Live trading for Forex Shocker 3.0 was started in August 2011. In these three months of live trading, the monthly gain was 13.35% with a drawdown of 6.83%. The profit factor was 5.99 which is quite good.
If you get interested, you can try the Forex Shocker 3.0 Expert Advisor RISK FREE for 60 days as the developers are giving a no questions asked money back guarantee period of 60 days. First take a detailed look at the backtesting, forward testing and the live trading results posted by the developers. Do your own backtesting as well as forward testing and if you get good results, open a mini account with a deposit of $250 and trade live with Forex Shocker 3.0 on the two recommended pairs EURUSD and USDCHF. The performance of a forex robot is highly dependent on the settings that you use. During the backtesting and forward testing change the different parameters to see if it improves the performance. Note what was the drawdown with the different settings. Then further test those settings when trading live on a mini account with the Forex Shocker 3.0.