Hi guys!
The Forex Revolution EA was released in May 2010. The developers claim that it’s a completely automated forex robot which works for all market conditions without one having to optimize or adjust the settings.
This expert advisor works on 3 pairs: EURUSD, GBPUSD and USDJPY on H1 (1-hour) timeframe. USDJPY is the best pair for trading with this robot, because robot make more trades than EURUSD and GBPUSD have together, besides, the same I can say about profit of pairs. For example, during five years on the USDJPY pair robot have a profit in $11000, but on the EURUSD and GBPUSD together only $2000.
Revobot-1 EURUSD 2005-2010 Backtest:
If you will check the results of my backtests of Forex Terminator (this is very old expert, was released in February 2009), you can find some similar lines, like quantity of orders on the long term (Forex Revolution have 50 orders during more, than five years and Forex Terminator have 64 trades during six years) and visual likeness of the graphs.
The backtest of Forex Revolution (Mark Larsen's Forex EA Lab) shows really bad and unstable results. On the GBPUSD pair expert have $713 of clear profit, with maximal drawdown in $6541.53 (47.01%) on a long term, but Forex Revolution EA is not so sensitive to the spread.
Best regards, Mark.