It's a scalper which just takes a few pips at a time for a couple of hours each day in what I call "The Twilight Zone". That's the time after the US has closed for the day and before Asia has really got going.
At these times, trade can be very thin and liquidity can be a big issue, so one of my concerns is how Forex Shocker would perform with the wider spreads that you tend to see around these times.
So far, my testing has shown mixed results and I'm still undecided as to whether to continue and prepare a full review or not.
Nonetheless, I've put Forex Shocker into a forward test on a $5k Alpari UK demo account trading all 6 of its suitable currency symbols.
You can also monitor Forex Shocker's performance at MellyForex by clicking here.
The other EA which I've chosen to test is brand new and it's called Wall Street Forex Robot. It is also a scalper, but supposedly with a big difference.
Most scalping robots tend to trade during Asian sessions. There's an age-old theory that markets very rarely change direction during Asian sessions, and that direction changes nearly always occur during European or US sessions. Instead, markets tend to trade within an easily defined price range during Asian sessions, which is easy for scalping robots to track.
The difference with Wall Street Forex Robot is that it's happy to scalp at all times of the day.
Liquidity, therefore, shouldn't be an issue and spreads should be tight which is really a prerequisite for any scalping robot.
While I'm preparing the strategy tests for my review, I've set Wall Street Forex Robot up on a $5k Alpari UK demo account trading its three standard currency symbols - GBPUSD, EURUSD and USDJPY with a low 2.0% level of risk.
The EA trades on the 15 minute timeframe and trades all hours of the day.
You can also monitor the Wall Street Forex Robot's performance at MellyForex by clicking here.