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I bought the Odin Forex Robot about an hour ago and did some intense testing and backtesting on it. The results are terrible.
I followed the PDF document and made sure all my setting are correct. I tested on the three time frames they suggest and gues what. I almost blew all 3 accounts.
VERY VERY bad product and would not recommend this to nobody.
I tried using the default setting.
The funds are decreasing. The result of the homepage and the actual result are greatly different.
Even if I listen to the results posted on the homepage how to set up EA, only the mechanical response of the template will reach me.
To all my fellow traders: This is my review of the four robots I purchased in January 2018 from one Mr. Don Steinitz a.k.a. the "Forex Robot Trader". I am five months strong with an actual live account powered by Vader, Ganon, H.A.S., and the Equity-Trail. I don't know who runs the site anymore but going back through these reviews I can see lots of negative ratings from people who say they never got their software around 2013-2015. I also see very old messages from Don himself from 2011? If you're as confused as I was by the mixed reviews then let's cut through the doubt with my proper review for 2018. Each area as broken down into bite-size proportions below!
Purchase & Delivery
Paid via Paypal - no worries there. Got redirected to choose a free robot and download all software right away. No delay. I have not had to wait on anyone to send me software. The process was automatic using a web page. Even when adding demo or live accounts.
All good! I got a manual with each step. It is basically dropping the files from the downloader into your Meta Trader 4 folder.
This is where I imagine things go wrong for most. I was using a broker who has since gone belly up and basically ate my money and laughed in my face. My second broker had great demo performance but horrible live performance. My third broker has been wonderful live. I am making incremental profits each week for the last five months using a split pair setup. That's where 9 charts are split 3/3/3 between Vader, Ganon, and H.A.S. The Equity-Trail is a profit manager and does not trade but manages all the expert's exits.
No complaints really. Every question has been answered and my issues have been handled. Sometimes in less than 12 hours. Othertimes it took a few days. But I've mostly only needed them for a broker suggestion and resetting my live account number.
In this day and age it can be difficult to sift through the scammers, the cheats and the frauds - to find the genuine. That diamond in the rough. The professionalism of Don's site, staff, and software has exceeded my expectations thus far. I hope my review has shed some light on this process and helps you in 2018!
Forex Robot Scams
When it comes to investing, there are endless ways to scam a trader. Many brokers manage to get away with their fraudulent activities for a period of time. Then they are either ‘caught’ by a regulatory organization or they succeed in absconding with their clients’ funds, never to be seen again.
Broker scams come and go. Some move underground only to pop up again at a later date. There are always unethical brokers looking for schemes to fool investors and it takes only a few big deals to make the whole endeavor worthwhile.
Scams must be done in a clever, convincing manner. They must also be convenient for the trader. The easier it is for the trader to seemingly make money, the more a fraud will succeed. The latest entry into the Forex scam market is the Forex robot, which is a perfect example of promises of easy money. Forex Robots are all about making money while you sleep which makes them a prime area for fraudulent activity. Forex robot scams are only now beginning to be uncovered but not everyone concurs that Forex robots are scams to begin with.
Thankfully, there are more and more websites rating Forex traders and their systems. You can make more educated decisions after reading reviews and checking with experienced Forex experts. At the very least, one should search for reviews before purchasing a Forex robot, no matter what claims are made about its success.
Forex robots or Expert Advisors (EAs) are programs that claim to automate Forex trades. It’s like putting a plane on auto pilot. Traders can sleep through the night calmly knowing that their trades will be placed exactly at the times they designated. Sounds easy, right?
Forex robots are getting a lot of hype of late and Forex robot scams are not far behind. Almost every Forex broker currently offers its account holders the opportunity to use a Forex robot for their trades. They back up the legitimacy of these robots with tremendous profits and lull the trader into a false sense of security only to end up broke. These claims are usually based on a very narrow window where the particular product was successful and not on a long term use of the Forex robot.
A Forex robot can only be as smart as its creator. The creators of these systems are looking to make a quick large sum of money and are not looking at the fact that the most predictable thing about the Forex market is the changes you cannot predict without watching the changes carefully. Anyone who knows the Forex market well and understands it will recommend a live person with their own trading strategy and then and only then does it make sense to automate any of it.
The companies producing Forex robots often rely on very broad, small print disclaimers to keep them out of trouble for promising tremendous results when those results are unrealistic in the long term.
The problem is that Forex robots are run based on automated mathematical algorithms, not taking into account things like market conditions that vary with political issues, weather and other factors. The inconsistency of the market is impossible to program into a robot, and therefore the results of Forex robots are inconsistent as well.
Most Forex robot scams are easy to pinpoint and would seem obvious to any investor. But even with blatant false promises of huge profits “while you sleep” millions of dollars are dropped into these Forex robot scams every day. Even those brokers that are successful exaggerate their numbers to attract new clients.
Online Forex Robot
One needn’t depend on the Forex broker for these robots because Forex robots are readily available for purchase online. Even Amazon.com sells the software package made available by one Forex company under the heading, “Make Money While You Sleep - Advanced Forex Auto Trading Robot.” Costs for a robot program hover around $1000 for the package so most traders opt to use the EA provided by the Forex broker. This is what leads so easily to Forex robot scams.
When you look at any two weeks of trading in the past that were profitable, and then make a profit claim based on those weeks, you are not lying to anyone. These Forex robots claim their profitability based on any given successful time period in their past when testing the product so they aren’t lying. Be very wary of hindsight claims in simulated conditions.
Since 99% of traders who purchase a robot end up asking for a refund, most experienced Forex traders recommend never purchasing one. Objective Forex traders suggest never putting a Forex robot on a live, real money Forex account until it has been tested thoroughly through a demo account. If the Forex vendor is genuine, then he should advise his traders NOT to use an EA until they fully understand what the robot is all about.
Getting a refund for the Forex robot sometimes will satisfy the customer but they have already lost in the market and wish they had never gotten involved with it in the first place.
Forex traders who have used robots in the past suggest that traders learn enough about the workings of the EA program so that they can place the trades themselves and not through a broker. This will provide them with a sense that they are in control of their money and are not leaving it in the hands of a broker. This may not lead to profits but it will eliminate the feeling of being taken in by a fraudulent Forex robot scam.
Vader Forex Robot
Generally, nothing that promises tremendous gains with very minimal investment will prove to be successful. Any experienced Forex trader will tell you that it takes real understanding, and changes based on that understanding to be successful in the Forex market and for that you need a human involved in the decision making process. A carefully chosen Forex robot, monitored by an educated Forex trader can help to automate the trading and reduce time spent which saves money in the long run. If you and your Forex trader do the research then Forex Robots can be a positive thing. It can be a benefit to eliminate the emotional aspect of trading if you don’t eliminate the intelligence. Beware of any arrangement that does not involve careful research by experts and remember that it is not only the cost of the Forex robot at stake; your trading capital is as well.
Forex Cyborg Robot Review
Welcome To This “BEST FOREX EA’S | EXPERT ADVISORS | FX ROBOTS” Website!
+++ BEST FOREX EA'S | EXPERT ADVISORS | FX ROBOTS Recommends FX STABILIZER EA +++
FXStabilizer EA is a reliable Forex Expert Advisor and profitable FX Trading Robot created by FX-Builder. The developers of this Forex Robot have been working hard for years, to be able to create this unique money maker trading algorithm. FX Stabilizer’s advantage: Adjusting to the market that’s why this Forex robot is still profitable since years.
This Forex Expert Advisor has good performance. Check it out now!!
Forex Cyborg Robot
Price: ˆ499.99 (GOLD Package with 1 REAL & UNLIMITED DEMO ACCOUNTS, FREE UPDATES & SUPPORT)
Currency pairs: AUDCAD, AUDCHF, AUDUSD, CADCHF, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPUSD, USDCAD, USDCHF and USDJPY
Note: There are 2 different packages of Forex Cyborg Robot available right now:
– GOLD: 1 Real & Unlimited Demo Accounts – 18 pairs – Regular Price: ˆ499.99
– PREMIUM: 3 Real & Unlimited Demo Accounts – 18 pairs – Regular Price: ˆ599.99
Forex Cyborg Robot Review – Best Multi-Currency FX Expert Advisor For Scalping
Forex Cyborg Robot is a profitable and automated FX Expert Advisor for professional traders. The developers of this Forex Robot have been working hard for years, to be able to create this unique trading algorithm.
This Expert Advisor offers a fully automated trading strategy designed to deliver high returns. However, with high returns comes high risk and we recommend to either withdraw profits on a regular basis or move profits to another trading account (the latter is usually free of charge).
Forex Cyborg Robot incorporates neural networks and deep learning, running on your Metatrader 4 (MT4) trading platform placing, managing and closing trades. When the market is open, the FX Robot is looking for the next profitable trade. This Forex EA has a very high win rate on multiple currency pairs for over 10 years.
We believe Forex Cyborg Robot offers a great reward to risk ratio. The short position holding time in combination with an extremely steady growing profit curve makes trading a joy, day after day.
This unique Forex Cyborg Robot was developed by an expert team of traders who want to see you succeed!
Forex Cyborg Robot – Aren’t Familiar With Forex Trading?
Forex Trading is short for Foreign Exchange Trading and refers to the profit or loss that is made by trading different foreign currencies against each other. The study of different international markets, how geo-political events affect those markets and the analysis of the stability level of a certain economy are factors that help a trader in assessing which foreign currency is about to strengthen against another.
Professional and experienced dealers who have the sixth sense for trading end up making thousands of dollars simply by buying and selling foreign currencies at the right time. They use their capitol to purchase the currency that is about to strengthen and then sell it off when it is reaches its potential.
Sounds easy? Technically it is, but gauging the different factors and acting on the right moment doesn’t come naturally to everyone. But why waste such an easy and lucrative opportunity when there is technology to help you out!! Yes, the computer whizzes have really done it this time.
Make use of the Forex Cyborg Robot and turn your investment into GOLD!
Forex Cyborg Robot – Haven’t Heard About FX Trading Robots Before?
Easy money without any effort is what the Forex Cyborg Robot is all about. It is an automated Forex strategy and programmed analytical system that allows you to sit back, relax and simply watch the FX Trading Robot do its trick. After the parameters, scales and limits of your transactions have been provided by you, the Robot takes over and handles all of the transactions for you. This permits you to take control while focusing your energies on other important matters as well.
The Forex Cyborg Robot stays on and operational 24/5 searching for profitable exchange opportunities during night sessions and strikes when gain can be expected. So unless you turn it off, you won’t miss a single lucrative trade.
Unlike us humans, the Forex Cyborg Robot is devoid of emotional instability and will only work in a completely calculative environment. The expert advisor will not make spur-of-the-moment decision; in fact it is going to compile the facts and figures and not let fear, apprehension and stress get in the way.
Forex Cyborg Robot – About Trading Logic, Setup And Other Requirements
Forex Cyborg Robot is a multi-currency (pre-)asian scalper that trades 18 currency pairs at the same time. The Forex EA starts trading at the end of the american and beginning of the pacific trading session. At this time the market players close their positions, short-term trend reversals occur. It trades between 18:30-23:30 GMT .
Furthermore, the Expert Advisor uses 5 different exit logics to find the best exit point. Forex Cyborg Robot uses TP and SL (50 – 120 pips depending on the chosen pair) but will close more than 99% of trades earlier. This FX Bot does not use any risky techniques like grid or martingale. It opens max. 1 position per currency pair.
Forex Cyborg Robot has doubled accounts multiple times in a short time. You should not be surprised to see your account double 3 or 4 times a year. This gives you the opportunity to withdraw your initial investment and keep on trading solely with the profits you already made.
With markets always being very unpredictable, you need to be aware that a stop out at your pre-defined equity stop level is likely going to happen leaving your account with a loss. Since we trade probabilities and get the odds on our side, there is good reason to give Forex Cyborg the opportunity to trade your money.
Forex Cyborg Robot – The Only Trading Tool You Need To Succeed
Forex Cyborg Robot has great results every month. The minimum balance requirement in the terminal of a FX broker should be at least $2,000 for 0.1 lots.
The qualified team is often praised for offering top notch support via fast and friendly email support.
Forex Cyborg Robot is instantly available at unbelievable price, i.e. only ˆ499.99 (GOLD package). So don’t wait to grab your copy!
Visit the Official Forex Cyborg Robot website
LIVE ACCOUNT TRADING RESULTS:
Visit the Official Forex Cyborg Robot website
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U.S. Government Required Disclaimer – Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Clearly understand this: Information contained within this course is not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.
RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
By using "Best Forex EA's | Expert Advisors | FX Robots", you acknowledge that you are familiar with these risks and that you are solely responsible for the outcomes of your decisions. We accept no liability whatsoever for any direct or consequential loss arising from the use of this product. It's to be noted carefully in this respect, that past results are not necessarily indicative of future performance.