Are we far enough into the technology era to turn the control of stock trading over to a robot (computer based software application) to run the markets for us? That is the exact question Wired Intel asked before and during our test of Ivy Bot - A program that intends to quantify the speed, intelligence and accuracy for which beginner and expert investors trade stocks on the open markets. The goal of the program...to make you money in the stock market on both short term and long term investments by making the most timely and accurate trade decisions for you.
To The Test....
To put the program to the test or should I say test(s)...we looked at a few things. First we tested the stability of the program (run accuracy, glitches, processing time, etc.). Second we tested the programs ability, in this case we used the S&P 500 as a measurement scale against the Ivy Bot software. As always, we followed the instructions, process, and guidelines of the Ivy Bot program step by step and word for word to avoid any bias in our results. The only change that we made in the tests that we ran was that the first month we strictly used Wired Intel staff for the testing process. In the second month of testing we called in our college intern who has 3 years of experience in trading on the NASDAQ and NYSE. We asked our college intern to lend us some of his investment experience in the areas of investor and stock trading vocabulary and to help us understand some basic steps in the stock trading process. We DID NOT alter any steps in the procedure outlined by the Ivy Bot program in either of the tests.
And the Verdict...
In the run time accuracy, processing time, and software durability tests; Ivy Bot proved to be flawless. There were no visible or underlying glitches that we could find in the software operations. As far as we could see in 5 tests the only thing that could possibly stall the program would be a lost internet connection...which is more likely to happen to those who still use a dial-up connection, and even then, there is a very small chance of that happening. As for the performance tests (the ones that are supposed to make you the $$$) we found that Ivy Bot did perform at a profitable level. Would we rate the level of profitability as high as the Ivy Bot website...hmm not quite. Ok, so we didn't make a profit of 600+% in 30 days like the website indicated... however; the test conducted strictly by our Wired Intel staff was able to claim a 21% on our initial $250.00 investment - giving us $302.50 after day 30. This test did out perform the S&P 500 within the 30 day time frame. After gaining some knowledge about investment terminology and the basics of investing from our experienced intern we ran the test for another 30 days. Our 2nd test produced a 41% return on our initial investment of $250.00 after day 30. We almost doubled the return percentage of our first test which gave us a total of $352.50 at the completion of the 2nd test. Again, this outperformed the S&P 500 over the 30 day time frame.
Conclusion...
The Ivy Bot program actually performed better than what Wired Intel initially expected. Again we know that it didn't live up to its 600%+ profit margin that it claimed on its home page but it did stand up to the test of "profitability". As new "GET RICH" gimmicks are developed what seems like every second, it can be very difficult to find any that will actually provide you with a positive return. Most, in fact, tend to follow along the lines of a "GET BROKE" theme by the continuous investments that they want you to make on a product that is set up to fail. For this reason alone Wired Intel has looked beyond the exaggerated advertising contained on the Ivy Bot home page by looking at something more important - PROFIT. In the end the $80.xx price tag wasn't a main concern after the returns that we were able to obtain from the Ivy Bot Forex Trading Robot. On a final note we would like to inform our readers that after we concluded our tests we did feel that people who had a basic understanding about investing and trading are more inclined to have higher profitable gains than those who are just beginning to learn the stock market and investment terminology.
