- Most of them don’t work. They may seem like they are working for a few trades but watch out. When they lose they lose heaps. They may give you 6 or 8 pips per win, and trade once or twice per day . . . . . then once a week or two they will lose . . . . . the trouble is they lose 150 or 250 pips. Add it up. They will soon run you out of money.
- They all tell you the same thing: all the other sellers are crooks and liars showing you fake stats but they are the real deal. They’re not.
- When you buy what they are telling you is the best thing ever to be seen in the whole history of Forex, usually for $97, they will then offer you an even better one for another $67. Then they will tell you you have to upgrade the thing every month or it won’t work very well, that’s another $84 per month. Then when you buy that they will offer it to you for a trial at $4. They will probably try to sell you a signal service as well.
- If you don’t know much about Forex you are taking a serious risk buying a Forex robot. If you do you can tell when they are taking a dumb trade and close it yourself before it loses you 150 pips or more.
- Some are tweakable which can make them work pretty well - if you know what you’re doing.
- Only buy ones that sell through Clickbank. You can get a refund within the 60 day guarantee. But a warning - apply to Clickbank for the refund not the vendor. The vendor will fob you off till the 60 days is gone. Even through Clickbank they will try to delay refunding you. Just insist. Most often your monthly upgrades are not refundable. You can cancel them through Clickbank.
- Keep your purchase e-mails from Clickbank because you will be asking for a refund from most EA’s you buy. It’s easiest to get to the right part of Clickbank from the e-mail they send you when you make a purchase. In the e-mail click on the Customer Service link - then click on the click here to get support link on the left side of the next window - then click on the more options line under the arrow in the next window. That gives you the option of requesting a refund. Even then in a day or two you will often get an e-mail from Clickbank saying the vendor has changed your ticket status to enquiry or something other than refund request. When that happens change it back. Complain to Clickbank if you have to. Don’t miss out on your refund. Use it to try out another one and go through the whole process again.
Hope you find one that works.
click bank is part of the business you won’t get a refund.When you get ea it’s your’s unless you delete it on your pc.It’s not something you can return.Using ea for trading forex favor the broker it create accumulation and then boom everybody get a stop loss.
Nah.
Clickbank always refunds without fail. I have had heaps of refunds from them for lots of EA’s.
And you don’t have to delete it. Once they give you the refund they disable the EA.
you won’t be in business if click bank give refund
Clickbank doesn’t pay the vendor until the 60 days are expired. They couldn’t afford to because too many EA purchases want their money back.
They have never refused me a refund yet, and yes it’s Clickbank who give the refund as the vendor hasn’t even got the money yet.
Well said. Clickbank always provide a money back guarantee. 60 days no less.
But the problem is some scammers don’t use clickbank.
If that happens, then you’re in trouble.
You’re exactly right.
Out of pocket from your purchase price.
Out of pocket from the loss of your forex account.
And no refund.
Well, they’re always evolving…
Here’s my worry. Why would someone sell their money making machine for just $99?
Makes no sense.
Clickbank refunds 100% of the time
Plimus refunds 50% of the time
paypal refunds 0% (they offer no protection for electronically deliver products)
There are profitable ea’s out there but you have to know what you are doing and able to evaluate them.
More dangerous than losing your $97 is losing your trading account!
Ok then, name me ONE profitable EA over long term.
I don’t know what happened my post got deleted???
Anyway
I was saying…
Forex Morning Trade
Forex Overdrive
Forex Megadroid
FAPT with “Hammy’s breakout settings”
I find that if you keep your expectations in line and you do your “homework” you can be successful.
I think anti-algorithmic rhetoric is usually regurgitated by people with no experience in expert advisor trading or comes from newbies with unrealisti expectations that either didn’t perform due-dilligence, had unrealistic expectations or simply didn’t know what they were doing.
Which catagory are you in? I trade all 4 of these live and I have been in constant profit. I expect 10% per month/per ea to be considered fantastic but I would be happy with 30% overall perfomance.
For me the key is to diversify yourself for changing market conditions.
Finally I would add that there is HUGE money against you in these markets and they are very tricky they play off of emotions and common price action triggers to trap you into a losing position. In a nutshell you have to be different that the masses while at the same time be in agreeance with the markets and that is easier said than done.
BTW I would like to add that even though I am not trading it live right now even Forex Photon has averaged 12.5% monthly for 183 days now.
You tell me what is your definition of profitable? A person can throw money into an account and just trade one of these and do okay but if you have multiple accounts and multiple ea’s you can protect your whole portfolio with diversification.
The most important thing is to know how your ea trades even if you don’t know its exact algorithm you can still observe how it trades when it trades how much it risks how much take profit how much time it takes ets ets…
nice post jhonny
well, any1 could list EAs that uses clickbank ?
well, any1 could list EAs that uses clickbank ?
Well I just answered honestly. Those four ea’s have been consistently made me money. Megadroid is the slowest and my favorite is a tie between FMT and Overdrive which I am suprisingly happy with.
I like clickbank because I can trade on a live account for almost 60 days risk free. So what I do is trade pennies in a live account to forward test these and see which I would trust to trade larger amounts on.
Oh come on, Megadroid a good EA?
This thread is turning into a joke.
If I developed my own robot that made the money these internet marketers (traders?) said they do I would not tell anyone about it or I’d be charging a lot of money for it,(most people would not be able to afford it)and not $70 to $150 for it either. Buy the way I’m a copywriter and believe me, it’s just slick copy writing that’s selling this stuff nothing more.
Oh come on, Megadroid a good EA?
This thread is turning into a joke.
I knew I would get flamed for that but the truth is even though lately its just ABOVE break even it has more than paid for itself and has proven itself to be very consistent.
BTW maybe your a joke who knows maybe md makes more money than you thats my guess
I figured I would back up my claims with a statement from this very forum. Its not mine because my statements are all mixed with different ea’s and discretionary trading so the results would be unclear. so here goes…
+544.23% on my MD account already. My settings are as follows: broker - FXPro, 0.3 risk level, RecoveryMode=On, StealthMode=On, AggressiveMode=Off, all other settings being default: FxPro_MD System | Myfxbook
written by Bravehoststamps on 12.24.10
post 3363
http://forums.babypips.com/rate-my-software/21140-forex-megadroid-337.html