Monday, March 9, 2009

Forex Robots revealed

well guys, sorry for the late update but here is the review has i promised on the 2 robots i've been testing....

1) FAPTURBO-

STAY THE HELL AWAY FROM THIS ONE!!!!!!!!!!!!!!!!!!!!!

I don't think i wanna go into all the bad points of this robot but i have tested it since december and tried every damn setting include the ones the recommend....but the verdict is that it just does not not work as well as they claim....they have 2 strategies...the scalper strategy will make some small profits but the long term strategy will just kill your account...

BUt here is th bad point...this robot is soooooo damn over rated that even the brokers hate it....many brokers are already doing things to ensure that the scalper strategy would not work any more because it hurts the brokers due to the fact that it trade during OFF market hours when liquidity is very low and the banks and brokers don't like this...hence i noticed it worked well in the beginining but now it's just crap...so STAY AWAY and SAFE your money....

2) FOREX MAESTRO

This robot has been decent...i made USD 4000 on my first week on a USD8000 account but from week 2 onwards I have been testing alot off different settings. Here is what i noticed....this robot opens a lot of trades and can give you a major scare due to the fact that floating loss can many a times be really big....what i found works best is to just trade 1 currency pair at a time.

From my testing i see that the best pair to trade using this system is the USD/CHF pair. Forget the rest unless you have a huge account and a very BIG HEART :)

use the default settings suggested on the Advance manual....it works best....looks like the developer had done some good home work....

one more thing is....i did notice too that the software is very similar to FIREBIRD V2 which is a free EA and i am running that now just to compare...

Also i have started to test another New forex robot and will keep you guys posted.....at the end of the day i guess the best thing would be to launch our own ROBOT and keep it really private and just make money for ourselves...;) ( please ignore the spelling and grammar errors if any....kind of in a hurry now)

1 comment:

  1. Hey..thanks for updating us. Timely advise. Much appreciated.

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