Nihon Droid
Nihon Droid is a recently released EA that solely specializes in the EUR/JPY currency pair. The EA has been developed by UK-based forex EA developer Forexzone Ltd.
The EA has been developed for the MT4 platform and it executes trades on the basis of the 1-hour EUR/JPY chart. The developers aver to have extensive trading experience with the EUR/JPY currency pair and they have utilized this experience in the foundation of this EA.
Features
- Completely automated MT4-based EA which does not require any trader intervention
- Fundamental factors like EU and Japanese interest rate differentials have been kept in mind by the developers
- Trades with variable lot sizes and also features automatic lot control technology
- Works with all forex brokers and does not need any special spread settings
- Decent SL/TP ratio
- Exceptional customer support with free upgrades for life
Screenshots
Back test for the period from 01 January 2011 to 21 June 2011 showing a $500 deposit growing to around $2000; a 300% increase.
Jan-Dec 2010 back test showing a $500 deposit growing to around $5000; an 800% return in only 12 months.
Alpari Live account showing a $777.66 profit on a $1000 deposit in the month 0f May 2011.
Summary
The back tests and the live tests provided by the developers of Nihon Droid suggest that it is a decent EA which deserves further analysis. The promise of free lifetime updates and prompt after-sales support adds to the attractiveness of this EA.
The only thing that goes against Nihon Droid is the price – 249 Euroes seems a bit too steep for a relatively untested EA which only trades one currency pair. Additionally, the developers haven’t offered a free trial option and you have to pay 99 Euroes to use the 30-day trial version.
For those of you who can afford to buy this EA, we suggest to buy the trial version now and go to the full version only if you are satisfied. On the other hand, if you find the price to be exorbitant; we suggest you give this one a miss.
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