they claimed 100% accuracy. blah blah blah.
I’ve been doing some due diligence about Ambush. The promoted returns seem like pure hype and I wonder why they do that. On the other hand traders who post on the pipcop forum report very good results, anywhere from 10% to 50% a month. However, I’ve found no reports about autotrade which is what I’m interested in because I don’t want to have to sit in front of a computer all day. Also, I’ve sent them several email queries and have yet to get a response, so their customer service is lousy. They give no address or phone number and I asked about that on their in-house forum and was informed that this is because they want to prevent somebody from stealing their formula.
i was really interested in that. but it wasnt automated then. might try it soon. let me know your results =)
Hey guys,
Forex Ambush is a funny thing, i have been following them for sometime waiting for them to blow their accounts up, but they are still going at 100% , atleast the five months or so that i have seen anyway.
It’s pretty much a buy/sell hold and hope sort of thing, i think that the signals can be traded manually, but as for the auto trade i think you must have rocks in your head if you are gonna risk 600pips for 20! absolutly insane if you ask me. They have a open trade going now which the people that are doing the auto trade thing have been in since the 13 july and still going as i speak, and i don’t think it will close anytime soon either, being in a trade for just over a month for 20pips, and then people want to cry about it, like i said rocks in the head! When their trades go in to drawdown that is where you can make some nice profit.
Like i said i think if the signals are traded manually you will get some nice pipage, but i suggest that people stay away from the auto trade, in my opinion it’s not worth it. People in their chat room that have traded it for sometime swear by FA and they have no reason to not, cause hey it’s still 100%, but just because it’s 100% today does not mean it’s gonna be 100% tomorrow.
My problem with FA is that in one loosing trade your whole account is pretty much gone, they don’t use a typical stop, their stop is a margin call. Their MM is devide your account by 600= the amount of mini lots you can use, so your trade can go 600pips neg and then it’s either put more funds in your account or get margin called, and if your auto trading it would take one loss to wipe out 30 winners:eek: and thats just crazy in my eyes.
So my advice is trade it manually or don’t trade it at all.
Thats my two cents!
Boyfx;)
Thanks, boyfx for your insights, I’m now cured of my autotrade itis.
ｔｈａｎｋｓ ｆｏｒ ｙｏｕｒ Opinion Boyfx. Where are you from? seems like aussie mate =)
niways, yea i dont think its automated trading will be that much of a hype. i havent seen it performed. i mean…come on 100% is a big claim. what about any losses they had? and i did some research and still cant find any good statements to back that up. No one knows much about FA as well. hopefully someone else that test the system will tell us / show us more about it ~ =) haf fun trading guys ~
There’s a trader on the pipcop forum who has used Ambush and reported very good results - 10-almost 50% per month, which got me interested. But he now reports no signals since early last month. He posts all his trading experience on the Resmereka Trading Joural on pipcop. He traded manually.
There’s a new post on the Forex Peace Army forum that reports that Ambush was giving very good results but stopped sending signals early last month and isn’t responding to emails, so something happened.
LOL, no prob. Auto trade is just insane in my eyes, how the f#!k can people risk 600pips for 20pips lol does my head in, but who am i to judge!
Boyfx;)
Hey Holycreation,
Yeah i’m a Aussie, i live in Sydney. Yea 100% is a huge claim in forex, but since i have followed it i have’nt seen them loose, but i have seen them go into some real big drawdown before that hit their TP, people that trade the signals manually do real well for them selves when there is big DD, but it’s a nightmare for the auto traders. You could imagin what if would feel like being 350pips down waiting to hit your TP for +20 lol, JUST CRAZY!!!
Boyfx;)
Yeah FA folks do very well and the manual folks do even better, but the thing that i just can’t get my head around is the auto trade thing, and i’ll give you a example and answer your question why there hasnt been any signals for the past month at the same time.
Since the 13th july they got a signal to sell on xyz pair and since then they have been in that same trade, FA only sends out a new signal when the last trade has closed out, so one signal at a time, so that is why there has been no signals since early last month, cause they are still as i type this in that signal from the 13th july.
I their biggest drawn down on this trade hit around the 230pip mark, which is not their biggest, but it is their longest trade to date.
You pretty much have to follow them blindly and trust that their AI technoligy will bring you back to TP, if you can’t you will be a emotional reck for the time that you are in DD.
I actully failed to mention that i just recently bought the signals, to trade it manually, but i really struggle to just follow them blindly and the risk/reward is way off even if there is a high success rate, i just can’t mold my trading beliefs to trade that way, so i have asked for a refund, but not because they don’t work, like i said manully i think it can work nicely. Not being able to trust the system will bring all kinds of emotions to your trading that will kill your health and your account in the end.
My conclusion is that if you can follow them blindly, wait for it to go X amount of pips against the signal price, then enter and hope that it comes back to hit your TP then you will do just fine. Maybe one day when i can trade that way i will give it ago again.
Just remember and this is what goes through my head and a belief that i have about the whole 100% thing, that i just can’t change my mind about and thats, JUST BECAUSE IT’S 100% TODAY, DOES NOT MEAN IT WILL BE 100% TOMORROW! And for that reason i can not trade it when i figure out how to change my mind about that i may give their signals another go.
OMG some times my posts start to look like books LOL
Boyfx;)
Thanks, boyfx, I’ve appreciated your observations about FA. I was turned off by the hype but impressed by the supposed returns. I didn’t want to trade myself so the autotrade seemed a solution, but apparently not. I’ve been researching EAs and there’s a lot of hype there too but so far Robominer seems the most reliable - do you know it and what’s your opinion?
By the way, I grew up in Australia and lived in Sydney for two years before leaving for the US.
Your welcome Thasler. I have know idea about Robominer, but i’m not a big fan of EA’s, there was a time when i was heading in that direction but the thing with the EA world is there is some much hype and raving on how you can make a zillion dollars doing nothing, i have’nt heard of anyone making real good money with them, but that dosent mean that there arnt any traders that make good money with them i just havent heard of any real success stories. And plus if all these robots really did what they say, we really would of heard about it by now and we would all be trading them and living the high life.
Trading is a active sport in my mind, in other words, trading takes time n effort, watching charts, get to know and feel the flow of the market, actully place your trades, teaching yourself disipline and control over your emotions, and of coures what evryone knows is to have good MM and so on. The one good thing with EA’s is that it takes the emotions out of the picture, but if the robot dosent do what it is aclaimed to do and not making you a zillion air then what good is it.
I am no pro, and would love to find that magic robot that will make me 1000’s while i sleep:rolleyes: so if anyone knows of one, do share! because trading can be boring as all f@!k, but is one addictive drug LOL. AND STILL I CAN’T GET ENOUGH OF IT!!!
Overall i think that robots are about selling hype and tapping in to peoples dreams to make a profit for the sellers of that robot, i have sh!t all exprience with them but thats my thoughts about the Robot thing.
What i do know though is that to become a consistent successful trader, it takes a lot of work mentaly and having the right attitude as a trader, that is the diffrence between the very small % of successful traders and the very large % of unsuccessful traders, it is something i have been working on very hard the past year and only now is the light bolb just starting to light up, finally starting to see what all the books on the mental side of trading are talking about, and it is a mind blowing exprience.
I don’t like to be negative and tell people that they can’t do something, but i think that you will waste your time and money on robots, the main thing anyone needs to do as a trader is to get the psychological side of trading right, and have the attitude of consistent successful trader, then the strategy you use to interpret what infomation the market is offering becomes easy.
OHH LOOK, it’s another book LMAO
Hope that makes sence!
Boyfx;)
well i think they uses the breakout strategy at times in order to get boost over the market. therefore they ask u to respond to trend signals at certain times.
Trading manually is much better than automated trading i reckon. but gotta be really careful. I myself used Automated trading and it got me some handsome profit last week.
Thanks boyfx for contributing so much…haha…im in perth mate~ about 1.8k in 3 trading days… quite cool id say. but sometimes looking at the EA trade. your personal emotions might get involve because as some of the TP margin is quite far out. most of the time once my EA open trades i watch it closely n look out predictions n so on. somehow maintaining the trade for abit. but so far… there are some incredible trades…i havent lost one single trade since i recently opened a new acct. so thats cool~ want me to post my screenshot? =p
Boyfx, Robominer is the only ea I’ve found with very little hype and all indicators suggest decent performance. I’ve checked several major forums including pipcop and forex peace army and most people have had good experience. I happen to like FPA best and they also do neutral testing where robominer comes off well. Take a look and let me know what you think.
robominer is quite expensive for what i know. even a monthly subscription fee. so far i dont see a money back guarantee to it. so… im not sure about that thasler~ =S let me know how it works for you alrite . would love to find out more. 
I know that Robominer is expensive but I thought of starting with the monthly fee and then converting to the annual fee if it performs well. As I said the vibes seem pretty good so it may be a risk worth taking. Stay tuned.
Hey Holycreation,
Yeah manual trading is the way to go with FA, like i said people are doing very well, and all their trades have come around, but it’s my own mental sht that is getting in the way of trading with FA and if i could accept this risk i would probably be fine with it, or maybe i need to look at a diffrent way to trade their signals, but the way i was going to do it was wait for DD of say 100-150pips then enter and wait for TP, but again i can’t mold my beliefs to just hold n hope. So what i think i might do is look at a way to trade it where it doesn’t conflict with them.
by the way congrats with the 1.8k in the trading days, NICE WORK!
Again it’s not FA it’s me, i know lots of people are profitable using FA.
Boyfx;)
Hey Thasler,
I checked out the Robominer site out and it looks good, i’m just not that big on EA’s. If you really like what you see go for it, don’t die wondering! If you if you think it will work do it, thats how i am, if i want to do something i do it, i can’t sit there and wonder about the what if’s, give it ago and if it doesn’t work soo what! You had ago and expirenced something new and thats all that matters!
Boyfx;)
hmmm…EA went down on me n took a loss of 854 today. i knew USD/JPY was going up for abit. Anyways…i reckon using such systems to actually get the trade u mus have a fat account to withstand to the rate they predicted. Anyways any idea how long does FA make a signal for traders to enter a market? (on an average basis)