Forex
Robot Reviews is new independent and unbiased forex testing and reviews service. The main goal of the website is to provide independent
investigation and review of all top forex robots and systems
available on the market.
Hi there!
All forex
reviews are based on the last test performance of each trading system
and our own experience.
We were really tired of all the crap
going on the forex market recently so our goal is to provide the word
honestly about each forex system to fellow traders looking for help and
advice.
Added: November 2008 Profitable: 10/10 Easy To Follow: 8/10 Honest Result: 10/10 Support: replies within 24 hours (tested via 4 emails and made a call) Bonus Value: 5/10 Results: 5/5 The Good: Guys, that is really first real money trading robot! The Bad: Nothing bad so far.
Hi
guys! I Think everyone heard about it. Fapturbo was released 25th
November and made a huge buzz over the internet. No wonder it seems it
is a really first money trading robot , the product we all so expected
for a long time among all the crap that is popping up on the market
every single day...
Winning Percentage
When evaluating this software, there are several key factors that can be used to judge its profitability. The first factor is the winning rate of the system. This refers to the percentage of winning trades that the software makes. FAP Turbo's winning rate in the past 9 years has been 95% on average, and live testing is showing an even higher success rate.
Drawdown
Another important factor is the drawdown of the system. This is a percentage figure that tells me what is the maximum % of capital that FAPTurbo has lost. Typical Forex trading software has drawdowns of 10% to 20%. FAPTurbo's drawdown is 0.35% which explains why the equity graph is so smooth on the statement page on its website.
Update December 2008: My recent results with fapturbo look really impressive, guys. Take a look here.
Last 2 weeks fapturbo made over 50 winning trader for me and my current
balance is over 45,000 starting from 5,000 last month. Not bad, huh?
Btw, yesterday opened a private member forum where you can get advice and help on fapturbo!
Update January 2009: Charles from Fapwinner.com
has issues special FAPTURBO Settings report with his own
settings&strategy and added fapturbo to Fapwinner portfolio and
discussions and started fapturbo mentoring class.
Update February 2009: January results were incredible! I got
just one losing day in the whole month! The current version is 36 and
the developers are working on the new updates.
Update March 2009: Congratulations to FAPTurbo developers! This robot won the world Forex Robot contest. I quote: "The
first to cross the finish line of this, the 3rd world contest of
automatic trading, was FAPTurbo. This forex robot was the undisputed
winner of the 3rd contest since its beginning. An extraordinary 62.2%
equity increase was reached with this robot becoming the new highest
ever equity growth in our live competition..." The second place got 10PipsPro Robot (negative equity growth -13.4%) and the third was Forex Tracer Robot (-34.0%).
Update May 2009: Fapturbo continues its wonderful performance on my
account. However guys I am sure you need some 3rd party results. Take a
look on Donna's account here http://donnaforex.mt4stats.com/ - she managed to triple the deposit in few months! And here is the fapturbo - the top winner again:
Update May 2009: Cool! guys, new fapturbo version 47 was released today! I've already made a few quick tests and it looks awesome
Update June 2009: Fapturbo.com robot has become so popular and
profitable that every scammer dreams of cloning it. There was a huge
number of scam clones created recently. Read my fapturbo scam clones report. Beware of the clones!
Update August 2009: Rob Casey has developed a detailed fapturbo
guide which is worth reading. It is not free however if you are serious
of making money on fapturbo it is worth it. Read Fapturbo expert guide.
Added: March 2009 Profitable: 9/10 Easy To Follow: 10/10 Honest Result: 10/10 Support: replies within 12 hours (tested via 4 emails) Bonus Value: 8/10 Results: 5/5 The Good: Trades EURUSD pair which is not a spread dependent pair. The Bad: Nothing bad.
Hi guys! I guess you heard all the buzz about the new Forex Droid robot that was released 31 March.
As you know as always I am in the insider group of first betatesters
and had a chance to test it before the rest of the world. Here is my
first test results and they look really good. The robot is trading
EURUSD pair which is not a spread-dependent.
The Forex MegaDroid software is an 100% automated, hands-free robot that has taken the forex world by storm and has received much praise. Its creators, Albert Perrie and John Grace, have 38 years of combined experience in the trading rooms of commercial banks and managed to develop a system far superior to anything else out there.
Take a look at some of the reasons that make this program stand out:
* MegaDroid is the only software that uses the RCTPA (Reverse Correlated Time And Price Analysis) technology which rests upon an instant juxtaposition of the curent market data to
that preceeding it, therefore virtually allowing for a sniper-accurate
prediction of the market's future behavior at any given point of time, in another words, it allows to predict the market's behavior for the next 2-4 hours with amazing accuracy.
* This robot has been tested extensively (since 2001) and has proved its consistency and reliability.
* For the past 8 years its results have been remarkable. More specifically its performance was 597.3% in 2001, 441.28% in 2002, 656.52% in 2003, 677.67% in 2004, 810.70% in 2005, 333.05% in 2006, 810.70% in 2007, 623.84% in 2008 and 330.20% in 2009 until now.
* It offers a 5 minutes guarantee, which means that it won't take you more than 5 minutes to download, install and start trading with this software.
* This robot can easily adjust to all market conditions.
* It has a winning rate of 95.82%.
* It's very easy to use, even if you are not an experienced trader.
* You only have to invest a small amount of money. Actually some brokers can let you open an account with only one dollar.
* Their customer support is great and their staff is eager to answer any questions you may have.
Needless to say, the robot's testing did not fail my expectations - as
a matter of fact, the results of all other Forex products can not even
be compared to those of Forex MegaDroid when it comes to profitability
and consistency of performance. With Forex MegaDroid, it's not a
question of how much you'll make, but how many times more you'll make -
so fast your initial balance keeps doubling, tripling, quadrupling and
further exponentially growing until you completely lose count.
Forex MegaDroid is a true plug & play system that will do all the trading on your behalf, but with minimum risk and maximum profit compared to all the other robots on the market.
One logical question I had afterward was: how will the greedy brokers
let such a robot operate and thereby scalp them off their profits? It
turned out that Forex MegaDroid is plain invisible to them - the
brokers cannot even tell the trades are placed by a robot, not to
mention determining what robot it is. Overall, Forex MegaDroid is by
far one of the very few things I would confidently recommend to anyone
- the Internet's true number one hit.
FOREX MEGADROID is different. Its Artificial Intelligence Capabilities make it almost infallible.
Added: August 2009 Profitable: 5/10 Easy To Follow: 5/10 Honest Result: 5/10 Support: did not test support Bonus Value: 5/10 Results: 5/5 The Good: It is 100% automatic so you can trade with it and not lose any of your free time. You don't even have to be near the computer for it to work. The Bad: The IvyBot trades just 4 currency pairs. Of course, most trading robots trade just 1 pair so the Ivybot is still better than most robots, but it would have been better if it had traded more pairs.
The IvyBot trading program has been getting a lot of attention lately in currency trading circles and it's likely to become one of the most popular trading robots of 2009. As a robot which exhibits impressive results, is 100% automatic and, and is easy to install and use, it seems that nothing can go wrong with this robot. However, this is far from true. While there are majpr advantages to using the IvyBot, there are also cons you need to know about.
Cons:
1. The IvyBot trades just 4 currency pairs. Of course, most trading robots trade just 1 pair so the Ivybot is still better than most robots, but it would have been better if it had traded more pairs.
2. You don't learn anything about trading yourself when using an automatic trading robot. This is something which can lower your profits in the long run. Always make sure that you continue educating yourself about manual trading even if you make a lot of money with automatic tools.
Of course, the IvyBot has a lot of pros:
1. It is 100% automatic so you can trade with it and not lose any of your free time. You don't even have to be near the computer for it to work.
2. It's affordable and also has a 60 day money back guarantee.
3. It has impressive results.
4. It is updated on a weely basis so the robot works well in changing market conditions and is tweaked continuously to perform better and better.
Overall, this robot seems very promising and can be used by newbies and veterans alike. As it has a 60 day money back guarantee, I believe that this is a robot worth using.
Added: August 2009 Profitable: 5/10 Easy To Follow: 7/10 Honest Result: 4/10 Support: did not test support Bonus Value: 5/10 Results: 3/5 The Good: Forex Cyclone amassed some great profits and the testimonials submitted by beta testers are very impressive and worth a look. The Bad: David Pew does not mention anything about having a support team to take care of any customer service issues.
Forex
Cyclone was created by David Pew. So who is David Pew? No one really
knows as this guy literally came out of nowhere. According to the
website, he was broke as a joke just 7 years ago, but now has amassed
over $900,000 in profits in just 2 short years using his automated
forex trading robot.
In reviewing the proof of profits and account statements, it appears
that David Pew has actually made this money with his forex trading
robot. However, nowhere on the website does it mention what kind of
settings were used to amass these large profits.
Another thing that caught our eye is this; David does not mention if he
created this robot himself or if he had a team of computer programmers
create this robot. This is a very important piece of information
because if he did not create the software, there is really no telling
how fast bugs or defects will be resolved (or upgrades for that matter).
Forex Cyclone appears to have amassed some great profits and the
testimonials submitted by beta testers (especially the video
testimonial of the person who has almost made $1 Million dollars using
this robot) are very impressive and worth a look. However, it may be
too early to tell if this forex robot can generate these kind of
returns for customers of this product. I will say that if returns like
this are seen, you will be hearing about it and you may be too late to
get in on the action if that happens. So for $97 is the Forex Cyclone
worth your money?
I would say, Yes. Even though I have reservations about this product on
the surface, this product is competitively priced as most robots cost
between $77 to $400.