Mister Forex Scam

EA Review (2014) - SPhantom

We used this EA for some time and it had blown our account, so we can not recommend it. A 250 pips SL is too dangerous. They also stopped responding or providing upgrades for the EA after the big draw down. We give 1 star!

EA Review (2014) - FX Capitalist

This EA requires special broker conditions which means a good execution, good spreads and a minimal stop distance. The first months the robot worked very well but after updating MT4 to 600 we got a verification error. It is not possible to activate on the authors site. Our emails were not answered. We give 1 star!

EA Review (2014) - Keltner Pro: http://keltnerpro.com/

The EA has a good amount of average pips and the positions are entered at bar open. They feature a dynamic SL and TP. The official accounts for this EA are quite good, too: both are verified by myfxbook and showing generous balances. We give 4 stars!

EA Review (2013) - ForexScalpinoRobot

The gains are very small and losses are big. The producer is not willing to give refund, he will only answer by e-Mail: "every Robot will make losses, this is normal!" - This is true, but not in such a way. We are not satisfied. We give 1 star!

EA Review (2013) - ForexGrowthBot

This EA knows how to wait until the top of a trend to place a buy and the bottom to place a sell. This EA blew 40 % of our account in less than a month. The winning trades are very small wins and the losses are huge, on top of that there are many more losses than wins. We give 1 star!

Trading System Review (2013) - KeltnerBells

We followed the system closely, trading all recommended currency pairs and taking all trades, checking the charts twice per day as advised, our demo accounts both lost 12 % in the first month, each trade taken with 1% risk as advised. Their website only listed trades taken over the past few days, so there was no accountability whatsoever. All the winners were listed. We continued to demo test the Keltner Bells system for a second month, with similar results as the first, a 11 % loss. We give 1 star!

Forex System Review (2013) - AT Renko System: http://forexrenkotrading.jimdo.com/

Two traders of our team are passionate renko traders, so we decided to give it a try. We are trading it since a few months now and the results are satisfying. The system is clear and what we especially like: You can trade it in various ways. The service is good and replies quickly. We give 5 stars!

EA Review (2013) - Forex Robot Trader

The service is terrible and non-existent. It seems that he is fiddling with his results and we can't see how he is getting them with the standard settings of the robot. His 'no loss robots' seem to have miraculously NOT traded during some very big JPY bank interventions whilst our results show a 18 % drawdown and the no loss robot finally closing out the trade as the loss was getting so huge. We give 1 star!

Trading System Review (2011) - Forex-Trading-Made-Ez

George seems to make money but he doesn't really explain how you can do it. Everyday he puts videos on his site but they make no sense. He doesn't explain anything. He does not walk you through it by the numbers. His book gives you some vague idea of what to do but you can't really duplicate what he is doing. His automated system is lagging in that by the time he registers a new high (so you can sell) the price has all ready dropped below your entry point. We give 2 stars!

EA Review (2010) - GPSForexRobot

It does trade, but when it does it only holds onto the position for a couple of pips profit. When it loses it enters into a position very large and risky to try to make the loss back. This EA is very scary and not worth the money. We give 1 star!

EA Review (2010) - FAP Turbo: http://fapturbo2.com/

It will make consistent gains and then wipe out 10% of your account in one week. There was an extreme hype around this product before we signed up in the beginning of 2009 and it performed really well for three months. After that our account literally lost 30%! Apparently its because our broker decided that it was too profitable... We have tried it on several brokers and the fact of the matter is that there was a change in market condition. We give 2 stars!

EA Review (2010) - Forex Megadroid: http://forex-megadroid.com/

We got Megadroid when it came out. At first we really liked it, because it was cheap and cheerful. Easy to install and it performed consistantly. Back in mid 2009 where this kind of 'scalp' was actually extremely unprofitable unless you risk 10% per trade or more.
At one stage it only traded once a week which means that it took five weeks to make up for one losing trade. We must say that they have updated it now and it trades about three times a week, but other systems out there are offering the same return as Megadroid without the 10% risk per trade! For that reason we are out! We give 2 stars!

EA Review (2009) - Forex Auto Pilot: www.forex-autopilot.com

We would use this "with supervision". A live site showed it with a 66% gain in three months. However, we found that it often didn't know when to exit. The scalper mode made more gains than the longterm strategy. Overall, you can make profit but you need to use it with caution and at least a cursory knowledge of manual trading would be the best so that you can adjust it as required for the fluctuation in the markets. We would definitely not recommend it for a "newbie". We give 3 stars!

Trading System Review (2009) - RobinHood-Fx

The results are terrible. When we emailed the results back with our opinion that the systems would hurt people and to check out the equity curve their response was 'this is intended as a manual system, the user has to determine when to apply but this can be profitable'. We give 1 star!