If you have registered with some education websites, you might have received lately an offer for an über forex robot that claim not losing a single trade in 8 years.
Beware. This is probably a scam.
I wont put the website address here but be very carefull if you receive this kind of promotion.
Why i think this is a scam :
1: statement posted is a backtest, not a forward test.
2: a law firm statement is posted that shows that all that is confirmed is that the backtest is indeed a real backtest (no doh)
3 : the statement posted does not show what pair is traded but i suspect it's €$
4: the statement posted does not show the TP and SL
5: the statement posted is BUY only (what was the direction of €$ in the last 8 years ? )
6 : it's a scalper EA. It means that from 10 lots traded you will probably get busted by your broker and the statement cannot be reproduced in real life.
7 : if you try to look some order, you will see that most of them gain 7 pips for a risk that can be 10 times the profit.
DO NOT GET FOOLED BY THIS PROMOTION SCHEME.
Beware. This is probably a scam.
I wont put the website address here but be very carefull if you receive this kind of promotion.
Why i think this is a scam :
1: statement posted is a backtest, not a forward test.
2: a law firm statement is posted that shows that all that is confirmed is that the backtest is indeed a real backtest (no doh)
3 : the statement posted does not show what pair is traded but i suspect it's €$
4: the statement posted does not show the TP and SL
5: the statement posted is BUY only (what was the direction of €$ in the last 8 years ? )
6 : it's a scalper EA. It means that from 10 lots traded you will probably get busted by your broker and the statement cannot be reproduced in real life.
7 : if you try to look some order, you will see that most of them gain 7 pips for a risk that can be 10 times the profit.
DO NOT GET FOOLED BY THIS PROMOTION SCHEME.