Forex Expert Advisors Forex Wealth Robot an Unbiased Review ~ forex trading live chart

7:19 AM in advisors, an, be, expert, Forex, good, is, it, never, review, robot, to, too, true, unbiased, wealth, why

It seems that new robots keep comming out everyday ! A few days ago someone left a message on the websites chat asking me to review a new forex trading system called Forex Wealth Robot. In order to honour this visitors request I will be writting about this trading system today. Within the next few paragraphs you will find my analysis of the evidence provided on the systems website. I will talk about the reliability of the evidence and if it can or cannot backup the authors claims about the systems profitability. I will then examine the evidence in detail and give you my opinion about the Forex Wealth Robots profitability and whether or not it is actually worth buying and testing. Is this expert advisor able to deliver consistent, huge profits in forex trading ? Can it live up to its work ? Is there actually proof to backup the authors claims ? Keep reading to find out !

The website starts with a very misleading statement, telling you that you could make more than 8K in one day in 2010 with "default settings" however no reference is ever made about initial trading capital or the risk taken to bank those 8K. It always upsets me that these EA sellers target new traders in such a blunt and bold faced manner without any ethics or honesty. The claim made of an 8K profit in one day simply makes no sense. Besides, the fact that there is no evidence that this trade was EVER taken in the real market points out that this trade was never placed and no one EVER banked those 8K.

The Forex Wealth Robot does not do any better after this, the rest of the website talks about an obviously false story about a guy who worked for a "huge bank" and "stole" their automated trading system only to make a metatrader EA and sell it. Yeah right. But well, I dont care about the story as long as the evidence provided is able to backup the sellers claims about the systems profitability.

However, when we look at the available evidence of profitability we find - sadly and not surprisingly - only backtesting results which dont have even full statements available. All we see are pieces of backtesting statementes which are portrayed as being results of live trades. This is absolutely dishonest as it is misleading people not familiar with the statements to believe that the system was traded live and made those profits when the reality is that those trades were NEVER taken on any live account. The messages on top of this hand-picked sections of the backtest are also cleverly placed to hide SL and TP values, reason why we cannot truly estimate the trading tactic or risk to reward ratio of the system.

Evenmore, the extent of the backtesting periods shown is not known and clear 10 year backtesting statements are simply NOT available. There is also a total absence of any live testing information so we cannot trust the validity of the backtesting results as live/back testing consistency results cannot be taken into account. In the end, this trading system seems to be a lot of hype and a complete absence of any real and reliable evidence. Due to the misleading picturing of information, the complete absence of full backtesting statements and - more importantly - due to the TOTAL absence of investor-access verified live trading results, this trading system is DEFINITELY NOT worth buying and testing. This guy who is a so called "proffesional" does not even trust his system enough to risk his own money, he doesnt show any real evidence of his supposed "success" with the system neither does he show his "beta-tester" results, which SHOULD be available according to the story. This truly is not only a display of an untested and very hyped system but a perfect example of dishonest and unethical behavior.

If you would like to learn more about automated trading and how you too can learn how to trade with a high like hood of long term profitability using automated trading systems please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !

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Forex Expert Advsors Zone 99 Forex an Unbiased Review ~ forex trading laws

6:21 PM in 99, advisors, advsors, an, expert, Forex, review, robot, unbiased, wealth, zone

Continuing my review of recently released trading systems today I am going to talk to you about another system called Zone 99 Forex. Within the next few paragraphs I will guide you through the experts website, talking about the evidence presented by the author and whether or not it backs up his claims. I will also analyze any statements or information given and I will tell you my opinion about the reliability of the evidence and the soundness of the trading tactic used by the Zone 99 Forex EA. After all this I will be able to give you my honest and unbiased opinion about this trading systems profitability, particularly about whether or not I consider it worth buying and testing.

I think that the starting phrase of the Zone 99s website is one of the boldest I have ever heard. This expert advisor is not only supposed to be able to give you huge profits with low draw down but the profits are so high that you will be able to triple your account every three months. Does it sound too good to be true ? Looking further down the website we find even more amazing claims of profitability including the claim of making more than 10,000% profit in 25 months.

I would have to say however that this type of website is the most dangerous for new traders. The system seems to have a lot of evidence showing what it is capable off and there doesnt seem to be any reasons to believe that the claims are not reasonable. The truth however is that the evidence is being portrayed in such a way that it "sings the song" while there are a very large set of reasons why the system is not as good as it sound.

What is wrong then ? First of all, you have to take a long look at the "live" statements shown. These statements do NOT have investor access information, reason why they can be simply made up on an html editor to show us something that seems like a live statement which is simply not. These results could also be the result of demo trading and not live trading, making us believe that the profits were achieved in real life when in fact they were not. There is also the VERY important fact that ALL the accounts are only trading for a very small period of time and all of them avoid any periods where the SL was hit. On all of these accounts, trading is done with a VERY high risk of more than 15% of the account per trade reason why they are able to show these results. What we have here is merely a bunch of highly risky shor term statements which are not verified and could be easily demo accounts or even worse, just made up. These statements only show us a system with a very poor risk to reward ratio and a very unsound risk management.

The backtesting statement shown is also something you shouldnt believe. Backtesting is done with knowledge about the past and unless you get a live trading statement of the same period as a backtesting statement showing you live/back testing consistency, backtests cannot be trusted. There are many things that could be done to achieve extreme values of profitability in backtesting which could not be achievable in live trading reason why this verification is a MUST.

So what does the Zone 99 Forex EA show us ? What we have here is another overly hyped system with very limited - and probably demo or made up - statements showing us a system with an unfavorable risk to reward ratio trading at an extreme risk during a short period of time. If this people were actually serious about proving profitability they would provide a myfxbook link with investor-access verified to show us a REAL live account which is updated real-time and NOT some statements which may as well be manipulated or fake altogether. The backtesting statement also tells us nothing since its validity cannot be confirmed through live/back testing consistency results.

Finally, due to the fact that the evidence presented is simply unverified and unreliable and because of the simple fact that the authors do NOT show verified live updated live trading results (if those results were actually from live accounts why dont they continue to update them and provide investor access ?) I consider this EA NOT worth buying or testing. Additionally it is worth noting that anyone who tried to trade this system with the risk levels shown to achieve the profit targets mentioned would have a very high probability of wiping his or her account due to the unsound level of risk and the unfavorable risk to reward ratio of the system.

If you would like to learn more about what I have learned in the field of automated trading and how you too can learn to trade with realistic profit and risk targets in automated trading please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !

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