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A Breakthrough Automated Expert Advisor That Ravages Six Figures With Ease In The Markets. **FINALLY BEING MADE PUBLIC!
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NO EA but a skillfull SCAM attempt ...... 
Reviewed by ForexZAR on 30-7-2008 (South Africa)
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This is NOT a genuine system but a cooked up fictitious set-up designed to SCAM ignorant suckers !!!!!! The only reason it gets a 1 star rating is because there is nothing lower I can give it - in fact it is worth (minus) - 50 stars.
The following is a reply I sent recently to one of the promotors of this so-called "system":
[ No, I do not have any experience with this one, but I know how MT4 software works and have also learnt how EA's work and what types of trades they generate on the MT4 platform, after being severally bitten with my experiences with the ForexTracer and ForexRaptor systems.
Also wish to point out that the whole site setup looks very similar and is in most respects very identical to the webpages of the ForexTracer site, including the same pattern of absurd claims, etc., except that this one is supposed to be attached to the USD/JPY charts only. This thing has obviously originated from the same bunch of SWINDLE artists that produced ForexTracer and at least one other look-alike currently doing the rounds.
For starters: just look at the FAKE test results blatantly showing numerous examples of FICTITIOUS and (presumably) manually generated orders and results which had the end effect of boosting the balance totals substantially.
It you require further proof, please check it out for yourself by analysing the so-called Strategy Tester Report. You don't even have to dig too deeply to discover the truth, it is all so glaringly obvious, for example:
1. According to profit figures, the lots traded are standard size (100K) lots with profit per pip of approximately $8.80.
2. Margin required to trade a standard lot of 100K at 200:1 leverage is $500.00 and at 500:1 leverage is $200.00. (Northern Finance is the same as FxPro where demo accounts of this leverage level can be opened.)
3. Parameter is set as 0.20 lots per order. This is the MAXIMUM size lot which the system is supposed to automatically place on any single order that it generates. This is a permanently fixed parameter and does not fluctuate
at will, at least not on the same scale as alleged. If it is set as 0.20 then no order larger than 0.20 lots can be placed. Smaller order sizes can indeed be placed but never more than the stipulated parameter figure. On the contrary multiple orders can however be placed but then each order is always
limited to the pre-programmed limit of 0.20 lots. Please correct me if I am wrong but that is my understanding and experience !
Therefore, how was it possible to mechanically (and without any human intervention) initiate orders of:
25.60 lots (orders 16, 440, 658, etc.);
51.20 lots (orders 19, 659, etc.);
3.20 lots (orders 59, 381, 651, etc);
6.40 lots (orders 88, 103, 134, 340, 653, etc.);
12.80 lots (orders 123, 212, 267, 283, etc. );
102.40 lots (orders 621, 662, etc.)
The only logical conclusion is that ALL of those trades exceeding 0.20 lots are NON-SYSTEM generated trades, and there are literally thousands of them. I have not counted but at least 80% of the 5113 orders placed appear to be very suspect !
4. On 2007.08.16 at 19:45 (just to take a date and time at random), before the closing of orders 642, 643, 647, 648, 651, 653, 655, 658, 659 and 662, the account balance stood at $87 191.20. The combined total of these orders amounted to 204.60 lots. To service these 204.60 lots would have required
margin of between approximately $40 920.00 and $102 300.00. With other open orders possibly also still active and a potential swing of at least $1802.00 per pip for those 204.60 open lots, this relation of equity to MTM is just too ridiculously high to be authentic and credible.
5. Stop loss level set at round about 1000 pips right from day 1 to the very last order ! Hell, with such a S/L I would have been wiped out within the first few couple of trades I would have attempted. In this case just 2 or more bad orders could have made a serious dent in the account balance !
6. Another thing: With a S/L of 1000 pips, can anyone explain to me why hundreds of trades were closed out with T/P losses while the original S/L levels were still intact. NB: Not PROFITS but LOSSES !!! Some more proof of manually closed trades or else totally faked entries.
Sorry, that is my opinion of the product. I was thoroughly disappointed recently with trash of the likes of the ForexRaptor and ForexTracer (which were also actively promoted by your goodselves) and in both cases I have requested refunds from ClickBank. Hopefully, I won't lose all my money but I was totally disillusioned and my hopes dashed of making trading life more bearable by employing the assistance of an auto trading system.]
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Was this helpful? YES - NO
47% of users found this review helpful.
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NO EA but a skillfull SCAM attempt ...... 
Reviewed by ForexZAR on 30-7-2008 (South Africa)
|
This is NOT a genuine system but a cooked up fictitious set-up designed to SCAM ignorant suckers !!!!!! The only reason it gets a 1 star rating is because there is nothing lower I can give it - in fact it is worth (minus) - 50 stars.
The following is a reply I sent recently to one of the promotors of this so-called "system":
[ No, I do not have any experience with this one, but I know how MT4 software works and have also learnt how EA's work and what types of trades they generate on the MT4 platform, after being severally bitten with my experiences with the ForexTracer and ForexRaptor systems.
Also wish to point out that the whole site setup looks very similar and is in most respects very identical to the webpages of the ForexTracer site, including the same pattern of absurd claims, etc., except that this one is supposed to be attached to the USD/JPY charts only. This thing has obviously originated from the same bunch of SWINDLE artists that produced ForexTracer and at least one other look-alike currently doing the rounds.
For starters: just look at the FAKE test results blatantly showing numerous examples of FICTITIOUS and (presumably) manually generated orders and results which had the end effect of boosting the balance totals substantially.
It you require further proof, please check it out for yourself by analysing the so-called Strategy Tester Report. You don't even have to dig too deeply to discover the truth, it is all so glaringly obvious, for example:
1. According to profit figures, the lots traded are standard size (100K) lots with profit per pip of approximately $8.80.
2. Margin required to trade a standard lot of 100K at 200:1 leverage is $500.00 and at 500:1 leverage is $200.00. (Northern Finance is the same as FxPro where demo accounts of this leverage level can be opened.)
3. Parameter is set as 0.20 lots per order. This is the MAXIMUM size lot which the system is supposed to automatically place on any single order that it generates. This is a permanently fixed parameter and does not fluctuate
at will, at least not on the same scale as alleged. If it is set as 0.20 then no order larger than 0.20 lots can be placed. Smaller order sizes can indeed be placed but never more than the stipulated parameter figure. On the contrary multiple orders can however be placed but then each order is always
limited to the pre-programmed limit of 0.20 lots. Please correct me if I am wrong but that is my understanding and experience !
Therefore, how was it possible to mechanically (and without any human intervention) initiate orders of:
25.60 lots (orders 16, 440, 658, etc.);
51.20 lots (orders 19, 659, etc.);
3.20 lots (orders 59, 381, 651, etc);
6.40 lots (orders 88, 103, 134, 340, 653, etc.);
12.80 lots (orders 123, 212, 267, 283, etc. );
102.40 lots (orders 621, 662, etc.)
The only logical conclusion is that ALL of those trades exceeding 0.20 lots are NON-SYSTEM generated trades, and there are literally thousands of them. I have not counted but at least 80% of the 5113 orders placed appear to be very suspect !
4. On 2007.08.16 at 19:45 (just to take a date and time at random), before the closing of orders 642, 643, 647, 648, 651, 653, 655, 658, 659 and 662, the account balance stood at $87 191.20. The combined total of these orders amounted to 204.60 lots. To service these 204.60 lots would have required
margin of between approximately $40 920.00 and $102 300.00. With other open orders possibly also still active and a potential swing of at least $1802.00 per pip for those 204.60 open lots, this relation of equity to MTM is just too ridiculously high to be authentic and credible.
5. Stop loss level set at round about 1000 pips right from day 1 to the very last order ! Hell, with such a S/L I would have been wiped out within the first few couple of trades I would have attempted. In this case just 2 or more bad orders could have made a serious dent in the account balance !
6. Another thing: With a S/L of 1000 pips, can anyone explain to me why hundreds of trades were closed out with T/P losses while the original S/L levels were still intact. NB: Not PROFITS but LOSSES !!! Some more proof of manually closed trades or else totally faked entries.
Sorry, that is my opinion of the product. I was thoroughly disappointed recently with trash of the likes of the ForexRaptor and ForexTracer (which were also actively promoted by your goodselves) and in both cases I have requested refunds from ClickBank. Hopefully, I won't lose all my money but I was totally disillusioned and my hopes dashed of making trading life more bearable by employing the assistance of an auto trading system.]
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Was this helpful? YES - NO
56% of users found this review helpful.
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