Hi,
I received some convincing material about ForexConductor and purchased their service. They say that they have software that monitors the forex market and suggests trades, but it is people who give the go ahead.
I want to know if anyone heard or has experience with this service. The thing is that they started quite well, but all of a sudden there was a downturn and now I am at least -400pips down.
Anyone knows who these people really are? There is no address or telephone number on their site, only a contact form. I did send them a couple of queries about the current situation, but htey haven’t answered yet.
Hi cathy85,
What makes you think I was not nice and respectful when contacting them? Suspicions start cropping up when:
It takes ages to get a reply (when they claim they are 24/5)
The kind of reply one receives does not mirror the quality they portray
And they do not provide the information legitimately requested.
Now, to be clear, I am not saying that Forex Conductor are a scam or anything like that, just that I happen to join them when they were going through a bad patch. I can’t wait for the market to open in the hope that they will get me out of the situation they got me in.
Hi,
Here is an update with ForexConductor …
This is for the first week of January 2011.
It has been a good week. A good number of profitable trades. They managed to close most of the “bad” trades that were open during December with a profit. I gained more than 300 pips through their efforts
What I do not understand is that almost all trades they open go negative. At the moment I have trades running at -473 pips. I keep the Lot size small (1 minilot per trade) so the actual drawdown in Euro is around €390.
I am still trusting them on the basis the first week I joined them and this last week. I will try to remember and post more updates as time goes bye.
I’ve been trading forexconductor since feb 1 and am profitable. They trade in a way that can’t figure out, unlike other EAs, but it seems to work! I’m going to keep them on my live account and hope they continue to do well. So far, they have outperformed my two other robots. Maybe their claim to hybrid-trading actually works!
hi vee, yes I am still using and am still happy with it. It generated the most profits out of my other EA’s I’ve tried. this is one of the few ones I have kept without a refund. good luck.
Hi
I see nothing has been posted about this system for 9 months and I wondered if anyone had any positive experience to contribute
The buzz about the system being highly productive throughout 2010 and 2011 got me interested, but alas things aren’t the same in the last 3 or 4 weeks and they’ve lost a lot on having repeatedly traded in the wrong direction.
I wonder if there have been changes at the top, or whether the tried and tested strategies are just not working in the present market.
I have been trading with forexconductor for a long time with good results, my account balance is quite a bit higher where i started. I’m thinking about doubling my lot size from .2 to .5 lots. I’ve heard about a broker rebate, where I get pips returned me on trades. Does anyone use a rebate broker on ForexConductor? A few extra pips per trade would be icing on the cake for the profitable trades the EA generates.
I have been trading with them for more than year with huge profts. They have the occasional losing trade, but for the most part they have a high profitable ratio which at the end of the day, matters. They are not perfect all the time, but I am happy with them. This is the only EA that I kept and continue to trade…and I tried many!
I haven’t heard much on forex conductor lately. I kept them trading on one account and glad I did, they are up good profits this month. I wonder if the system trades more frequently during volatile times. Yet, when is forex not volatile? Anyway, they seem to be ratcheting up trading frequency lately, which so far is great.
