Forex Robot World Cup

[CodeMeister]

I was sent a notification of the beginning of the submission of EAs for the second robot championship. Actually they were 2 weeks late as submissions began on May 6th and I seem to remember they were accepting submissions as early as March. Typical of FRWC - make it up as they go along.

One thing I noted is the complete absence of any reference to FXCM or Boston Technologies or displaying their logos. Maybe our efforts to alert them to the shortcomings of FRWC accomplished something.

[pmartin]

Hi, I’m a newbie to Forex Trading and bought the FRWC EA’s for 1K, it blew two practice accounts out, and on the 59th day, I asked for a refund which was refused as I had no account statements since these two accounts were blown out.
And no I’m not happy in ANY way dear FRWC ‘crew’ !! Where’s my money?

So for all newbies here: stay away from FRWC IT IS A SCAM !!!

The good news: I’m working now on a live account with Forex Rebellion, you’re trading yourself after you read the cristalclear userguide so you know what you’re doing.

grtz,
J

Hey Buellman. Let us know how you get on with Forex Rebellion.

I have ended upon this site & forum because I bought FapTurbo, MegaDroid and Ivybot. As a newbie to Forex I naively believed the hype on Jim Phillips Forex Critic site. I looked about elsewhere and based on what I found I bought all three. I resorted to the robots after making a bolloxxx of some manual trading.

My manual trading had dropped my live account from 2k to 1.3k. So I bought the robots to fix this. March was quiet. The account went up $250. April made $500. And the first 2 weeks of May made $650. And the the following Monday it went -$650. Monday of this week it dropped back down to $1400. I made $300 last night on a manual trade on EURJPY.This $300 disappeared overnight thanks to a combination of all three robots. So three months on I am still within $500 of my start point.

Do the robots work? Yes they do, sometimes with great big wins. But, just like the wife, every now and again they hit you a kick in the sphericals just when you least expect it or even worse, when you are sleeping.

I have read many entries on this forum this evening from Senior forum members and I know they are laughing reading this, leaning back in their seats saying “I told you so”.

As someone who has done basic programming I know that a good EA is a very feasible idea. We need a site where EA programmers and sellers submit their EA for independant testing on live accounts. EA robots are coming out of the woodwork no matter where you look and the sites and exagerated results are generic.

Well thats my tuppence worth. Good luck and let us know a good robot if you find one.

Meanwhile I am going to try and improve my manual skills.

[qwertymyfx]

I was sent a notification of the beginning of the submission of EAs for the second robot championship. Actually they were 2 weeks late as submissions began on May 6th and I seem to remember they were accepting submissions as early as March. Typical of FRWC - make it up as they go along.

One thing I noted is the complete absence of any reference to FXCM or Boston Technologies or displaying their logos. Maybe our efforts to alert them to the shortcomings of FRWC accomplished something.

Lol, good to hear that FXCM have severed their relationship!