Forex Hero

Forex Hero
I came across one new ea from Forex Maximum - Home
seems interesting
I am testing this ea from more than 4 weeks and results are really promising.Always got fast and helpful support from vendor.
At present i am testing on Think forex demo account.soon i will publish my live result also.
Below is my forward test result.

Thanks__Happy trading.

HI FXSCALPER…

why u r spending 300$ to buy that…?

do you really dont have a time to trade?

remember…there is nothing in any ea… until and unless its ur own idea…

this is true…if u have a own plan…then create a ea for that…that will help you…

there are thousands of methods are there…master them…u will have a bright future…

i am criticize you…but…remember one thing…every ea or robot will have a term called DRAW DOWN

IT WILL KILL YOU…

PLEASE DONT MIND…I HAVE SEEN MENY WHO BLOWN THEIR ACCOUNTS WITH EA’s AND ROBO’s…

ONCE AGAIN…I AM REALLY SORRY…IF I HURT YOU…

ONE LAST POINT…

ANY EA WILL WORK IF THE IDEA IS YOURS…OTHER WISE…IT WILL BLOWN UR ACCOUNT…

Why do they need your account name and number?

Why don’t you post your review first…

Hello dear…
Price is not $300 price is only $99
$300 is for full package as website…
This section is about expert advisor…
i know that manual trading is best which is very hard.but every body is not expert in manual trading.and all robots are not bad,there are some good and profitable robots also in forex world…
Today i have bought this ea,backtest looks really good, and soon i will publish my test

Thanks…keep posting…

They need account name and number for register our license…

I have already bought this ea today.its for gbpusd 15M timeframe.backtest looks really good and profitable.i will publish my test soon.

Thanks.

I purchased this EA last week and put it on $500 demo. Blew half the acct within 24 hrs. I have emailed the developer as the EA did not come with any type of written guide. The chart display looks like it’s in greek. Will keep you posted.

One interesting footnote: If your broker is in the US, this EA may not work for you. It seems the first position it opens is a Hedging position. It opens one buy, one sell simultaneously. Then multiple positions afterward, those being in one direction, with increasing lot sizes. The loses on the demo I mentioned were on Jan. 2 through 3rd. After seeing the developers myfxbook history, their EA was no were near what mine was doing, so I have to assume they are not using default settings. Still waiting to hear back from them.

Well, heard back from Forex Maximum. I will say, they are fairly quick to respond. There is no “manual” per se for this EA, however, they will email you conservative settings. After changing settings and reapplying the bot, it seems to have settled down and is actually running in the positive. I think this EA is a long trader. After testing alot of EA’s this past year, it seems there are short traders ( in and out of trades in a short period of time. A few seconds to a few minutes. Million Dollar Pips is one example). Medium time traders ( in and out of trades from a few hours to a day or two), and long haul traders (a day to several days) This EA I think is a long hauler. It opens a basket of trades, and aims for a percentage target. The developer says it does not look for retracement, but I can’t think of any other reason why it would continue to open trades against the trend. If you do buy it, get it through paypal. I have had to refund several bots, and never had a problem getting $$ back. Hope this helps!!

hi mojo3557
I am running forex hero in my real account from last one month and i must say that its working very nice.Yes you are right vendor also provide good and fast support.but your kind information they dont have refund policy.But i think there will not happen this situation because ea is doing well and i am going to open one more account on pepperstone.
Thanks.

Hello fxscalper

Are you using default settings?

You are correct. Although there is no stated refund policy, they do advertise “100% Satisfaction Gaurentee”. To be fair, I would need to watch this bot for at least 60 days to make a any type of evaluation. I currently have a myfxbook page for it. As of now, that is set to private until enough time goes by to make a fair judgement. :cool:

Hi fxscalper. I would be interested in tracking your myfxbook page, if you have set one up.

Yes i am using default setting.

Forex Hero Testing On Think Forex System | Myfxbook

Is this a martingale/grid trader?

Yes this is indicator based martingale grid trader.
Last year i have tested many grid martingale ea,but honestly this is very good ea.
Actually this is new generation grid martingale ea with hedge protection and max order is only 5 so its very safe than other grid martingale ea.

Thanks

If it hasn’t blown up your account within a year I might buy it, sounds interesting.

I read in another forum that this EA is safer than a traditional martingale but it is still dangerous.
It blew up accounts in backtests.
People should withdraw their profits weekly to refund their investment.