Is forex ambush 2.0 a scam?

[foetuspips]

I'm a newbie to forex and came across this forex ambush2.0 , purportedly, A.I forex thingy...and done some googling..and all seem to give good reviews about it..but i'm still skeptical about it esp. now it seems the creator(s) are singing a different tune wth stockassault..u know.. giving negative light to FOREX when they created the whole forexambush 2.0, A.I thingy.

Just want to seek some input , advice, user experience (those who've used forexambush 2.0)...while reading up all I can in forex.

Thanks guys

[foetuspips]

No one tried it..or even heard of it b4?

[mastergunner99]

I get that you're eager to trade forex. It's a very noobish and expected thing to try to find the easiest most profitable way to trade forex. However, the fact of the matter is that if you don't grab this by the reigns and figure out how to trade on your own, financial independence is only a wish.

Never trust anything that you don't clearly understand when it comes to your finances. Know why you enter a trade, know when you're going to get out of a trade.

[foetuspips]

Originally Posted by foetuspips

...while reading up all I can in forex.

Dear "master" kindly refer above,...I am doing my homework [a bit head- scratching though, I have to admit. Downloaded some lessons from babypis's ecourse . Thanks but still trying to digest 'em]...and checking this forexambush 2.0 thing is part of it. That's why I ask

Originally Posted by mastergunner99

It's a very noobish and expected thing to try to find the easiest most profitable way to trade forex.

My guess is, aren't those of us who ventured into forex are looking to, somehow, find the easiest most profitable way to trade forex, thus all the EA, forex robots reviews, etc. Ok, hands-up those who want the most risky + least profitable route to forex

[mastergunner99]

Originally Posted by foetuspips

My guess is, aren't those of us who ventured into forex are looking to, somehow, find the easiest most profitable way to trade forex, thus all the EA, forex robots reviews, etc. Ok, hands-up those who want the most risky + least profitable route to forex

Don't get me wrong. I'm not against the use of EA's. More power to those that use them. However, trading blindly is where I don't dig it. It's important to first understand the mechanics of a trade before diving into the market unsure of how and why an order was placed and why a trade was exited.

A lot of commercialized EA's want you to adopt their religion and put nothing but faith into their robot. Balderdash! Imagine the anxiety of entering a trade and seeing it down 100 pips and you don't know if there is an end in sight.

Contrast that now with the ideology that you are knowledgeable enough with Forex that you can trade profitably. It's at that point should one ever entertain the idea of developing an EA based on whatever method they currently use.

All the best.

[Dandan]

Hi,

Everyone hope to find a consistent and profitable forex strategy and I'm not against the idea of using an EA. I agree with mastergunner that anyone who wants to trade forex should have the basics first because we do not want to follow a system blindly. From there, when you have gained some experience, you can build your own EA, which you already understand the mechanics, what and why you want to build it this way, because it suits your style of trading.

When it comes to Forex Ambush, I'm not very sure how it works but I can say there is a lot of hype in the market. So please be very careful. From what I see, they claimed to have a 100% accurate signals, I don't know how true is it, but they will be slapping themselves if it's false. One reason may be that the profit target they have for most trades are very small...ranging from 10 to 20+ pips. A lot of EAs in the market are targeting small profits so that they have the prove and testimonials to push up the success rate. Anyway, they are not using a healthy risk to reward ratio, which is opposite from my style of trading.

What are your views? Correct me if I'm wrong.

Regards,
Dan

[ThePhoenix]

Those reviews are either A: affilliates trying to sell the EA and make a kickback, or B:Fake review sites set up to look like honest reviews.

I guarantee if you don't learn the skill it takes to trade yourself you will fail by using EA's. I don't care who disagrees. Go ahead buy the EA, put your money in, then when you lose it come back here admit you lost it and try to learn to trade for real.

Why would anyone sell an EA that was consistently profitable? ( by consistently I don't mean x number of trades in row, I mean profitable over years of change) They wouldn't, they would set up a trading room with a dozen computer robots all using it and become rich.

Traders have to adapt to current market conditions. Live traders don't trade the exact same way, with the exact same paramaters all the time. Even if they are using the same system. EA's can't reason and adapt to changing market conditions.

[dionysius33]

Like trading systems and expensive trading courses.. there's always a new EA around the corner.. good call about the author now priming another package.

Take note that true AI has never really come about yet.. so anyone using the term "AI" means pseudo AI.. software can't learn from itself YET.

[foetuspips]

Don't worry guys, I understand what y'all meant. I am learning by the books and by ropes ( when I'm ready for a fake /simulated FREE account) ...just curious about this forexambush 2.0 thingy. In fact I have not bought any EA, AI..lol anything pertaining to Forex till now. Well, not at least I get a notion of how it works and its nuances.

Cheerios

PS. I think babypips seriously need more smileys. Lol, I got limited expressions here!

[paulal]

ForexAmbush is a previously free signal from zafro, you can get it at:failed
Do the comparison you will see all signals are identical and HQF is the real source.
Now for the bad news, They use an auto-trade feature that hasn't been closing positions. The system doesn't use stop calls!!!

Instead of informing traders that the signal source shows a trade was ckosed and many, many traders were still in the position (long on the eur/jpy going on as of 10/31/09) they pretended as if there was just draw down.

As I became aware of the scam and found the source of their "signal" I saw the trade I am losing thousand on listed as a closed trade. When I brought this subject up I was booted from the chat room!!
After logging in through another computer, when I brought up the topic they did it again!
This is the worst, dirtiest, scam I have ever found in forex and believe me there are a lot.

Please see for yourself, go in the chat roms and ask about the eur//jpy ask for help and ask them to explain hqfreesignals.com/failed.html, you will be booted instantly realizing they are scammers and you get the same signal free, with IMPORTANT, a very clear end of trade posted!!!

Go in the chat rooms there are margin calls in the thousands every minute, when market opens Sunday, many accounts that were on the brink of MC will get it.

Please try to help others in the chat rooms, many are falsely long with an entry of 137.22 going for a 20 pip target, without a stop and we are at 135.55

All members mentioning the cover up are being banned from disclosing the truth. Try to warn members that the source of the signal show that trade as closed and they are in Margin call danger. The "staff" is simply telling people to hold on, knowing people are in a very bad situation.

What is more repugnant to me than repackaging free junk, losing thousands and thousands of dollars, is how they block members and people from their site just for informing others. The only verification I needed was posting the site of the signal, the closed trade times of the signals they falsely claimed were open and then, being instantly zapped. I get a I am banned message. Please help put light on these shysters.
I am also on Forex Peace Army, lets unite at all fx sites and prevent this company from doing more damage!!

Magic AI, signals LOL!!!
what a joke, most reviews on the internet for them are all positive!!!, try to leave a post!!
they are fake, when you submit it it as taken as a question, trust me more money has been lost with these guy this week, than all EA's combined.
If you want to bet you whole account with no support, essentially they are inandated in the chat rooms with members who are distraught and in disbelief.
Many people went in long days after the signal closed, because FA did not have the integrity to admit the trade was closed thousand were lost.
I am still above MC, but not by much. The anount of margin calls have been staggering!!!!
no pip loss means, can t not take one failure