This was wrong and pointless.
Straasha - uses way to strong Martingale strategy… terrible!!!
SuperVolcano - simply sucks!!!
Neg-Corr - utterly useless!!!
[QUOTE=jonfxbot;175125
Unless you have bought this for the purpose of
critically testing it, kindly shut it with SCAM
yellings. That also is totally useless activity
just as the affiliates peddling this thing.
And wrong argument there. Every damn
EA put together must have parameters available
whether it is a commercial EA or a private EA.
If it does not have parameters that are easily
controlled without having to constantly recompile
it, again it is pointless and useless. Again pointless
if Plimus is SCAM or not. All pointless argument
because the person screaming SCAM cannot afford
to buy this EA to actually test it out.
[/QUOTE]
Dear jon fxbot
If it is I whom you are speaking of I will kindly
let you know that I did buy the EA and ran it
(and am currently running it) on a live account.
Needless to say, I am not happy.
Further, I will not “shut it” as one of the few
freedoms left is the freedom to flap my lips
whenever I damn well please. If one of your
“friends” got ripped off when purchasing an
EA would you expect your friend to tell you
about it before you fell for the same scam?
THAT you see, is the point.
If the Fusion is no better than a $97 model
(it is likely worse) then why don’t you get a
refund for the Fusion and buy the $97 model.
You will have pocketed $900 and will have the
same quality EA. You can also come back here
and tell us all what a pleasant experience it was
to get your money back through Plimus !
However, it would be pointless for you to come
back here and complain if Plimus turned out to be
a scam and they took whatever info you gave
them and used that info to tap into whatever account
you used to pay with.
But I suppose it’s pointless to think about someone
stealing your money. Just let them have it. Right?
Thanks for that codemeister. Very helpful!
@jonfxbot - Thanks for sharing. What would you recommend for SL & TP for HiRider? Or are you simply saying ditch the rest and run LMD only?
I would like to add that I just received an email update from FRWC.
IF what they say in the email turns out to be true then I most
humbly apologize.
It is my greatest hope that they continue to develop these EA’s
for all our benefit. Only time will tell.
Ok, this email from FRWC answers a few things, including my un-ease about them not announcing the updates to the EA’s. These guys are either excellent ‘spin doctors’, or are truly passionate about this project…
…Actually, I think it’s a little of both. If only they were more transparent, I would have no doubts about their sincerity.
Also, it looks like my window for promoting their offer is closing until next year’s competition. According to this email, they are closing to new members. I checked my affiliate link, and the cart appears to be open still though.
=========================
Hi, Glen
In This Email:
-
Maximum number of members reached
-
New updates to FRWC competition robots
-
FRWC’s EA Lab robots
-
Fusion V 1.21 – Development updates
Ok, lets start…
When we launched the FRWC’s Royal Trader we knew that
we wanted to restrict the number of members we receive.
We did not want this product to be a mass market product
like so many robots you see out there.
Our main objectives now are to:
A. Concentrate on existing members and do our best to provide
them with the best possible service
B. Make sure the FRWC robots remain within the hands of a
small group rather than of the mass market
C. Put all our focus and efforts into further pushing the envelope
and developing new and exciting EA Lab robots
Yes, we could leave the doors open indefinitely and make more
money from FRWC’s Royal Trader.
But that is not the point of this whole project…
The point of the Forex Robot World Cup is to create a new
standard in every sense, shape or form. And that includes
protecting and serving our clients.
And NOT being mass marketers as other FX product vendors
chose to do and completely disregard YOUR interests.
So, the FRWC’s Royal Trader will close its doors to new members
on Friday, March the 5th.
New updates to the FRWC competition robots
Our formal approach is and will always be: development and
improvement.
It is one thing to release a product to the market, it is another
thing to make sure that it constantly works. This is specially
true in the Forex market.
The FX market is a “living and breathing” entity so to speak.
Its behavior is never uniform.
As robot developers, it is important to ALWAYS keep a pulse of
what is going on…what changes are happening…what new
behavior is forming.
The FRWC top performing competition robots are the best of
the best…and the FRWC’s job is to make sure they keep
performing with the same or BETTER profitability, accuracy and
reliability standards…
…in other words, constantly developing them to make sure
they stay on top.
It is irresponsible to release a robot (like many FX vendors do),
no matter how good it is, and not invest time and effort to
make sure its up to date with the changing market reality.
So, this being said we are proud to say that as of now we
have an updated version for:
- LMD MultiCurrency-
-
Money management was fixed and the risk was decreased
for the safe trading when MM is on -
We fixed several minor bugs
-
The fixed lot 0.01 was set as a default for LMD.
And soon an updated version for:
- HiRIDER-
We have been working with the developer of HiRIDER in
order to produce a more profitable version of the robot…
much more stable and much more accurate.
Again, we will very soon release the new HiRIDER version to
our members.
And rest assured, we are and WILL continue working on a
DAILY basis to improve each of our robots and make sure that
they are up to date with current market conditions and our
clients continue to get the best of the best.
FRWC’s EA Lab robots
We conducted the biggest and most transparent EA competition
in the industry.
The results: the truly greatest FX robots proven and verified
by real-money, live accounts.
BUT…we didn’t stop there when it comes to value for our
clients. And that is why we established the EA Lab.
The EA Lab was created as an effort from the FRWC to provide
YOU with robots that break any industry standard, including
that established by the FRWC competition.
As a client, you do not see the internal efforts that are being
put into this section of the members area but trust us on this:
We work every single day more than 8 hours in development efforts.
And unlike people might think, it is NOT an easy job.
Let us walk you through the development process/steps we
undertake on every single EA we think could be worth presenting
to our clients:
Step 1: Intensive development team brainstorming of concepts
and strategies that have a great potential to perform well for
the long term
Step 2: Code development and scrutiny
Step 3: Placement of robot on a live account and careful
performance monitoring in terms of: profitability, correct code
functionality, and reliable stability.
Step 4: Spotting the problems that exist, correcting them and
AGAIN placing the robot on a new live account to further test
the above issues.
Step 5: If the robot successfully passed the above 5 steps, it
is released to our members in the EA Lab. If not, we go back
to step 4.
And THAT is what we do on a daily basis so that you can count
on solid FX robots.
Yes, we take this job seriously as you can see and that is why
we do not release a new robot every week as some of our
members expect us to.
But further…
Even after releasing a robot to the EA Lab, we keep monitoring
it and working every single day to make sure it is working with
the perfection we expect it to work.
And if it is not, or if it has some type of problem (as minor as it
may be)…
We employ every single resource to make sure it will!
And that takes us to our next issue:
Fusion V 1.21 – Development updates
When we launched the FRWC’s Royal Trader we wanted to give
our clients MORE than they could ever expect.
We truly wanted to go that extra mile that no one goes (and
probably never will) and establish a new standard when it comes
to value.
And that is why we developed the EA Lab and that is why we
work countless hours in it.
Our first EA Lab creation as you know is Fusion V 1.1a.
Yes, we started working on EA lab creations almost 2 months
before the official FRWC’s Royal Trader release!
We actually started working on Fusion at the end of December
2009.
Fusion is a great robot, it truly is. And like on any of the EA
Lab robots we work hard to make it even better.
No, you do not make a robot better in a few short days. But,
if you are persistent, devote a lot of time and energy like we do,
you end up with a true masterpiece.
Here are the latest development updates regarding
Fusion V 1.21:
-
We fixed minor bugs in the money management strategy
-
Straasha system was turned off by default because it seems
too risky for novice Forex traders. You can read more about
Straasha in the Fusion guide. -
HiRIDER’s first strategy that traded fixed 0.01 lot was removed
by the developers suggestion (remember that HiRIDER has
5 strategies integrated within it). -
Now you can set fixed SL and TP for the Supervolcano
strategy.
These updates clearly improve Fusion’s performance and make
it MUCH more stable.
Now…
A few last words:
You have chosen to join the FRWC because it has set a new
standard in the industry in many aspects.
We only ask that you be patient and let us do our job correctly.
At the end of the day, it will benefit YOU.
Unlike so many FX robot vendors, we are here to stay…we are
here for the long term. Those who are a valued member of our
family will ALWAYS benefit from things that are not and never
will be available in the industry…and that is:
Professionalism, hard work, dedication and most of all…making
the client and his/her interests a first priority.
All the best,
The Forex Robot World Cup Team
=========================
Hey guys,
after about 2 weeks of running on a 1k demo with Gomarkets, on default settings, here are the results. :
Fusion trading 0.01 lots
current account : 1030.56
floating loss : -73.56
HiRider trading 0.1 lots
current account : 1073.21
floating loss : -113.10
LMD multi Currency trading 0.1 lots
current account : 943.29
floating loss : -37.04
Super volcano using MM trading 0.04 lots
current account : 962.47
floating loss : -6.06
Cool, thanks Tyehheng. I wish it was easier to calculate pips won/lost instead of only dollars, would make it easier to compare apples to apples.
It’s interesting to see how differently the robots have performed on your account. I’ve discovered that the choice of broker can make a lot of difference.
Someone said that FXCM was flaky on execution or something with live accounts. I’m seeing a lot of people who use robots on Alpari, and IamFX, apparently because of their low spreads and reliable execution.
I was expecting to just use FXCM since they were the preferred broker for the competition and the live results displayed during launch were on FXCM with nice profits. Perhaps I should do a little more research on brokers.
I notice you’re showing a loss on LMD though too, which I wouldn’t expect to be as suseptible to broker related issues like spreads.
Anyway, keep us posted dude. Thanks for sharing.
thanks zenglen. I’m not sure if i’m confident with the EAs. It was advertised that Fusion could make over 300% in a month, i would just like 1/3 of that.
The broker for the test Gomarkets has good spreads, and they are so called STP broker. I wonder why my results are so different. THe results is like a struggling robot tryin to get back on its feet, unlike those results shown on FPA or 4xproject.
I didn’t want to try on FXCM, due to the reason of higher spreads and also when i’m using megadroid on FXCM, i always did not get a trade or get a loss, while other brokers had excuted a trade and in profit. (both brokers running simulatenously).
Thanks ZenGlen for sharing the contents of the subject email with us non-owners. I think we can give you more objective feedback than some of the owners who seem to be emotionally unstable judging from the tone of their postings or should I say rantings.
It is pure spin in my opinion. They say are going to close off sales because there isn’t anybody else amoung the 6 billion of us who they can hire to support it. 
This is an old tactic in the Forex robot business and usually it means “We are closing off sales on … because we are taking the money and running”. I don’t expect FRWC to do this, they seem to have more integrity than that but I doubt they will cut off sales any time soon. I haven’t bought yet but I still expect to be able buy it in my own sweet time whenever I see it’s profitable. I can forsee 2 scenarios. Either they will beg me to buy from them for $97 or I will beg them to sell to me for $2000. I can’t see them turning down my money.
They don’t seem to be very strong technically. They have made a few misteps already with the new release and the manner in which they talk about new developments doesn’t seem to reflect the challenge they are facing. Their objectives will not be met within the timeframe stated. In a months time they will have delivered little and will spout the old line about unforseen circumstances beyond their control. They are expressing a management / marketing view of the technical side.
FRWC is a marketing firm plain and simple. They seem to do a good job at it. If you are comfortable with that fine, if not don’t expect them to change its not in their DNA.
Hello Rocky,
I think your question is very relevant! It starts to smell a scam to me!
I got all the ea’s to this 
but i have no real idea of how to run them haha. theres so many options and not really a good guide :o
[B]Hey ! I resemble that remark.[/B] But if someone were to ask you to remember 4 posts in this thread which four would you recall?
(think like a marketer, do they just say “hey, would you like to buy this here little forex robot?”
[B]BTW[/B], has anyone noticed that there is a “live” account statement of Steve’s from Fap Turbo in the members area, THEN put 2 and 2 together and came to the possible (indeed probable) conclusion that FRWC and Fap Turbo are the SAME people??
Just use the settings that are already in the EA for the most part. However, you might want to “turn off” SuperVolcano" (set to false). The default settings can result in LARGE drawdowns or losses. If you choose to use it you might want to set max trades to 2 and set the T/P and S/L to 100 or so.
Just a suggestion. Everyone has their own ideas.
Yeah well i agree with you there because thats pretty much how it is.
It wouldnt suprprise me, when consider i know for a fact that “Zilmil INC” own and operate IVY BOT and US BOT websites. Apparently run by Mark Trenton but there is other alias’s used too, but Mark Trenton seems to be the main name i see around in the emails i get and what i see in forums and lots more info.
is that why i had VERY bad trades and no positive trades on back test? lol
Hello all,
Well I stopped trading fusion completely, makes no sense wasting time in backtesting with different settings and demo trading as well etc… since I won’t be trading this on my live acc anyway since I do not trust it at all. Most of the robots are useless. I’m waiting for the update for HiRider see what they come up with… I am only demo trading LMD Multicurrency in a couple brokers and so far this week I’ve gotten about 8 back-to-back losses(most at stop loss) in all demos. I think these FRWC people have to come up with something soon, otherwise a lot of people will be asking for refunds.
SuperVolcano trades GBP/JPY only so if your losses were due to GBP/JPY then yes. I don’t think last week was very good for the Fusion in general. Bad trades were “everywhere”. The previous week was profitable.
Hopefully, the new V 2 version will be a little better but I’m not holding my breath.
I think part of their marketing plan is to keep coming out with the “latest and greatest” model. That keeps everyone hanging on to test the newest version and then (suddenly) it will be too late to even try and get a refund.
Hi,
I joined the FRWC Royal Trader programme too and spent a lot of time backtesting the robots and putting them on demo accounts. I certainly didn’t set them off straight away on live accounts as some people seen to have done. I will be surprised if the whole FRWC concept turns out to be a scam, I just think that, looking at the photo of their support team, they are probably quite a young group that got carried away in the belief that they had just collected togrether the best forex robots in the world. Anybody that looked at the Fusion V1.1a settings will see that they tried to balance out the risk for each robot so although the lot size was fixed for all the systems, the SuperVolcano for example, had been set to be able to open four trades at once instead of just one at a time as in the original EA. This of course was their undoing when the Fusion account they began (after the one that made 400%), went up from $1000 to approximately $1350 but finished at around $550 by the end of the month predominantly due to long SuperVolcano trades in the GBPJPY which, with unspecified stoplosses, the EA seemed very reluctant to close. I am though somewhat disturbed to see that all trace of those disastrous three weeks of performance have disappeared from the support forum to be replaced by other peoples profitable periods.
Anyway, back to my original point. One thing in their original presentation about the choosing of their sponsors was them saying that FXCM had one of the toughest compliance departments in the business. I have traded with FXCM for quite awhile and never had any trouble what so ever and would never have considered signing up with FRWC if it hadn’t been for their sponsorship, and in effect endorsement of the legitimacy of the FRWC. If in a week or twos time posts start appearing on forex websites from people who have done their month’s testing, as required by the FRWC refund policy, but then decided for whatever reason that they would like to cancel their subscription; but then are refused refunds, I can’t see how, if this hypothetical situation arose, that for FXCM to find itself associated with a company that cons their customers out of money, could not be extremely damaging for them. Therefore although there are a few things that are making me a bit nervous about the whole FRWC thing, I am hoping my nerves are ill founded, and am putting my trust in what I imagine must have been a very comprehensive due dilligence and risk assessment by FXCM before they agreed to act as sponsor and have their logo prominently placed on the website, and their name heavily linked to the FRWC.
ps. Sitting here rereading my post I don’t want it to sound like I am legitimising the FRWC (or not). I just don’t think that they will turn out to be a scam.
That doesn’t mean that I haven’t come to the conclusion after backtesting that a lot of the robots just ‘got lucky’. Especially the first Fusion account being quadrupled with a 0.1 lot size, and then the following month being effectively wiped out with a lot size of 0.02, about a quarter of the size.
Thinking about it for awhile I have concluded that an EA designed with the fact in mind that it only has to be profitable for two months to win a competition is likely to produce some very highly optimised systems that probably won’t be good for the long term. That doesn’t dismiss though that with the ideas from these robots the FRWC might not be able to build some great robots.
Like most things, only time will tell.