In all honesty I don’t know much about the developers of USDBOT or its performance history, so until it launches in just a few days time here’s what I CAN tell you:
- To make sure the EA met their strict trading strategy the USDBOT team claim they used in-house developers to do the build it instead of outsourcing it. Although, this would be very hard to prove.
- They claim their strategies use adaptive neural technology that work against common Forex strategies.
- The USDBOT claims to adjust to any market conditions or trends.
- USDBOT will be a 2 in 1 Forex Trading Robot that trades the EURUSD pair as well as the USDJPY pair. Ala, two for the price of one.
- USDBOT will be the only robot launched recently that displays LIVE trading results that are updated every 15 minutes (see it below… scroll to the right… they are fairly impressive).
- It claims to have doubled and even tripled accounts in a very short time period. This is believable given the results above.
- Live Chat Support System… this is a first and I’ll be surprised to see what sort of feedback I get from customers…
Take a look at one of their beta testers testimonials:
All in all, looking at the live results (albeit over such a short period of time) I intend to order a copy myself as it looks like a really powerful bot. I’ll be posting my backtest results here later on so make sure you bookmark this page if you’re interested.
BACK TEST UPDATE: USDBOT launched yesterday and I’ve had a chance to run some back tests to really see what this new Forex Robot can do.
USDJPY Daily Chart (2000 - 2010)
Above you can see how it turned my account of $10,000 to over $50,000. Given that back tests give you about 80% of the real story I’ll be running my copy on a Demo account during the 60 day refund period to see if I get similar or better results before I make my final decision on this EA. If you want to join me, note that only 600 copies are being released so you’ll need to jump on board now. Click here for detailed back test results.
USDJPY Daily Chart (2009)
Above you’ll see USDBOT in action during 2009. On a starting balance of $10,000 it reached over $23,000. Click here for detailed back test results.
The makers of USDBOT also claim that it runs on the EURUSD Daily chart. Unfortunately, my back tests showed different. So much so that my trading bank was whipped out before it finished testing. Which leaves me wondering why they promote the use of this currency pair. The only way to tell is to see how it goes on my demo account… it could be a totally different story 
