"I
decided to shell out $97 and slapt this EA on a demo account. So far it
has opened one trade since I initialized it. It opened a buy position
on the EUR/USD @ 1.4091. So far the position is floating at -189 pips
as of this moment."
Portion
of actual user review on Alansmoneyblog
"...trades
EUR/USD only, takes buy trades arbitrarily for 6 pips, stop loss 650
pips, so far 1 trade for 2 days and losing over 200 pips."
Portion
of actual user review on Jamroe, Australia
"It
finally opened some trades. First one with a lost of 200. Second one
with a profit of 150. Then the third with another lost of 70.
Right at this moment, while I am writing this, there's a floating trade
with a negative of 49...so far!
Another point I should say, none of my email were answered!
So, let's see if it will make all the winning trades starting from this
point on for...8 years :-), without a single...loss! :-)"
Portion
of actual user review on Forexpeacearmy.com forum
"I
am still in my first one which at the moment is down 80 pips.
The
entry was horrible-right at news volatility when EU had been ranging
for hours before. Since it's only seeking 6-7 pips, I don't know why it
didn't enter during that range as opposed to extreme volatility right
at the news.
In backtesting, there ARE losses; I don't care what
the website says or shows. They claim bad backtest results are from bad
data in MT4. Wrong. I verified by going all the way back to the date of
entry on a losing trade on a 5 minute chart on 2 different brokers and
confirmed, yes, it was an actual loss (for 650 pips no less). As
another reviewer said, the one loss wipes out all the previous profits.
In addition, I too have yet to get any answers to repeated emails.
If
your broker uses 5 decimal pricing, this thing doesn't work at all. It
takes profits at 0.6 pips rather than 6 pips, and there's no way to
change it.
I also was very turned off by the cheap salesman feel
to their whole website. When reading it I felt like I was getting a
pitch at a used car lot. Definitely targeted to forex newbies."
Portion
of actual user review by Bob from USA
"In
backtesing of the recommended settings, it does have losing trades, and
because the stop loss is set at 650 pips (YES!!!!), when it does lose,
it wipes out all of the other gains. This EA will wipe you out. DO NOT
BUY IT.
Who risks 650 pips to gain 7? Does the author think we're mad? I'm just
disappointed in my own gullibility.
(Plus, so far I've had no reply to my one email)"
Portion
of actual user review by Kieth from France
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