Forex Boomerang was first released onto the market in December 2008. At that time it was touted as being a huge profit maker. The question is, how's it performing now? For some people it seems to be making money, while for others not. Find out more in our Forex Boomerang Review.

Forex Boomerang is a forex robot that trades on the EURUSD currency pair on the 1 hour time frame. This is a currency pair that is usually the most traded currency pair in the world. This means that there is great opportunity to both make money and lose money.

Lately I've been doing some research and I've discovered that one testing site, which is actually running the boomerang on a live account, has made a profit of over 500% in just 4 months.

Intrigued by this amazing performance I decided to investigate myself by running the Forex Boomerang on a couple of demo accounts.

And that's where my warning comes in. Any forex robot that can make such huge profits, is probably also very good at making huge losses. It's all to do with the way the robot is programmed and the amount of risk that it takes. Generally, to make super profits an elevated level of risk is taken - specifically, more of your money is put at risk with each trade. This is great when it works, but horrible when it doesn't as it means more of your money can be wiped out. Get a couple of losing trades in a row and your entire investment could be gone.

So far in my running of the Forex Boomerang robot on two demo accounts with two different brokers it's been better at losing money than making money, although it is still early days with only 2 trades having taken place. However, the first losing trade wiped out almost 1/3 of the account balance. And that's where my warning comes in!

Always, always test and refine a robot's settings and check that it can make you money with your broker before you let it run on a live account.