I was wondering if anyone tried this EA, I just started seeing it around but I don’t know if anyone has any experience with it?
yoww is an overpriced neuro network ea maybe it works maybe not. I see you also posted in the forex beater thead. If you are looking for an ea that works then be prepared to do lots and lots of research and also be prepared for putting up some real cash and experienceing up to 30% drawdowns. Also be prepared for the fact that some accualy most of these ea’s dont work long term. If you think spending 100-500 bucks for an ea is expensive wait till a crappy ea blows up your 10k account.
My advice is learn how to trade first and fully understand why your ea trades or else don’t use it because it is very dangerous letting a robot trade your real money and you don’t know anything about it.
For example if you were to lay out $500 for yaww then make sure you fully understand what is a neuro network and how they work.
If its “blackbox” then stay far away from it and if it is a clickbank product then you can be sure the internet is full of fake bulls**t reviews from affiliates who are trying to get you to buy from their link.
Thanks for your reply, I will definitely take into consideration what you’ve said and do my research.
I’ve read more about the EA and I decided to at least give it a try. I’ll post my results and tell you how it really performs. Thanks again.
Zestawy, are you affiliated with yoww in any way? also, do you plan to trade in demo or in real account and with which broker?
No i’m not affiliated with them, I wish I was but i’m not. I plan to start trading with a real account with real money although from the site they say it can be run on a demo account. I will be posting my results here once I get the broker up and running, i’m using FXOpen.
Just curious, why would you use the broker FXOpen for your demo instead of just using IBfx? I ask for 2 reasons:
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The Yoww site shows a statement that shows that they are using IBfx as their broker on their live account. Given the amount of stuff I have read out here and on other forums regarding how different the performance of a given EA can be on different brokers with the MT4 platform, I would think that you would simply default to IBfx…this would help immediately eliminate any argument from Yoww that the reason your results don’t match theirs (assuming that they do not), is because you are using a different broker. It is just one more variable that you kind of solve for.
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I don’t know anything about FxOpen and have no experience with them. However, I do know that on another Forex Forum there were some who said they traded with FXOpen and made a lot of money and then when they tried to take money out, that FXOpen would not send them their profits, only their principle and then they closed the account. But maybe people say these kinds of things about all brokers and like I said I would not know.
Let me your thinking, perhaps I will learn something. Is the reason you want to use FXOpen because you are in Russia (I have heard it is popular with Russians).
Also, I am eager to hear about your experience with the system.
oh Zestawy, you might also want to search some other forums regarding this system. I am not sure if I am supposed to link other sites or mention them so I will go half way and just say that Forex-TSD also has a thread on the Yoww System and there is one poster (Walander) who is debating with the system developer and other members regarding his own research on their account statements and some other research that he has done. You can read it for yourself and see what you think…but I will warn you in advance that the tone of the thread in general is not very positive.
There is another guy in that thread that says he knows 2 people that trade it and are doing well but he has not provided contacts to these 2 people yet (I asked him to).
Also, the system developer / proprietor (well, some Yoww rep, not sure who he is) has posted in that thread so you might be able to ask him directly.
You will notice that i have the same username on that forum as i do here so you will see the questions that I have asked already.
also there is a guy in the thread that says that he trades the system, but he is someone who basically just started his account so who knows if someone is just up to funny business…difficult to tell with these things, but unless you are very well capitalized, I would proceed with caution.