Swap Master - Review

Commercial Content
https://www.forexfactory.com/showthread.php?t=962100


As At 28 April 2020
Users please be advice that administrator tends to block users with non-positive feedback
Currently since 04/04/2020, its marginally profitable at $3.63 per (set) lots for one of its advance portfolio (the rest of the portfolio is no longer profitable)[not worth the purchase if you ask me frankly]
Update on important margin limit has yet to be rectify since march 2020, implication - requires to have more margin then anticipated comparative to Stop out level by broker, thus decreasing your earning per (set) lots.
attempting to mislead users that its profitable but gave no indication on the method which leaves you hanging other then you will have to do your own research to find the profitable pairs between brokers.
registering of EA license is tedious that you have to email to them manually and it takes usually 1 day.
Take Note: refund is 10 days instead of 30 days.

Personal thoughts-
This method is not innovative nor new, but it's good in a sense that it helps to manage the trades between multiple brokers, sadly for the sake of profit, they would rather behave shadily and block people.

Thank you for your review cupidsux.

Users please be advice that administrator tends to block users with non-positive feedback.

You where blocked because you repeated to insult other clients and made false accusations, not because of non-positive feedback. Feedback is welcome and many of the new upcoming features are based on constructive user feedback.

Currently since 04/04/2020, its marginally profitable at $3.63 per (set) lots for one of its advance portfolio (the rest of the portfolio is no longer profitable)[not worth the purchase if you ask me frankly]

That is incorrect. The best portfolio returns at the moment $27 daily for every lot traded. That is a monthly profit of 8-12%. The exact percentage depends on how much size one is trading. I think it should be mentioned that you knew that when you write that it is just $3.63.

Update on important margin limit has yet to be rectify since march 2020, implication - requires to have more margin then anticipated comparative to Stop out level by broker, thus decreasing your earning per (set) lots.

The free margin does not depend from the software. Also, not if you repeat claiming otherwise.

attempting to mislead users that its profitable but gave no indication on the method which leaves you hanging other then you will have to do your own research to find the profitable pairs between brokers.

We provide the software and share our research. Every user can confirm the rates and make his/her own decision. There is no hidden information, no black box and no misleading information. Users can do their own research if they want or they can use the examples provided on the forum.

registering of EA license is tedious that you have to email to them manually and it takes usually 1 day.

Yes, registration of new accounts takes up to one day. So far, the only correct thing you wrote. It will be automated in the near future.

This method is not innovative nor new, but it's good in a sense that it helps to manage the trades between multiple brokers, sadly for the sake of profit, they would rather behave shadily and block people.

I blocked you because you insulted other clients and made false claims. The Swap Master topic and the forex21 forum is here to discuss software related questions. It is not a place for foul language.

Take Note: refund is 10 days instead of 30 days.

It is 10 days, correct. Nobody ever said it is 30 days.

I had the impression that you did well with the software but obviously you changed your mind along the way. I really feel sorry about that and wish you all the best for your trading.

Alexander

Users please be advice that administrator tends to block users with non-positive feedback.
Alexander - You where blocked because you repeated to insult other clients and made false accusations, not because of non-positive feedback. Feedback is welcome and many of the new upcoming features are based on constructive user feedback.

Cupidsux - unlike in your private forum you can block people , here is a open forum where everyone can voice their thoughts and as stated in (https://www.forexfactory.com/showthr...4#post12904024), JohnFX_King was quoted saying it works without any indications of [Open Information with stated pairs], he was referring to his own research data in which user will not be able to obtain even if they were to purchases the software as at 14 APR. HKD pair had a swap change on 8 Apr, i not sure if no one was active or there's no public users in the private forum to update the information, JohnFX_King stated on 14 Apr that its working well without stating specifics information that's not readily available to users. so what he said was misleading people and therefore which word did i say that was insulting him ?

Currently since 04/04/2020, its marginally profitable at $3.63 per (set) lots for one of its advance portfolio (the rest of the portfolio is no longer profitable)[not worth the purchase if you ask me frankly]
Alexander - That is incorrect. The best portfolio returns at the moment $27 daily for every lot traded. That is a monthly profit of 8-12%. The exact percentage depends on how much size one is trading. I think it should be mentioned that you knew that when you write that it is just $3.63.

Cupidsux - Of course you are able to say that right now as of May2020, cause basically since 08Apr to 28Apr, for a period of 20 days, advance portfolio does not have any workable pair and the update you posted on 28 Apr was the same day you block me and posted in your private forum, was it due to the comment i posted that benefited the rest of the public users whom purchase the software but find that there's no profitable pairs for the period of time ?

i think it worth to note that the posting of the HKD pair of $3.63 was on 08 Apr and your mention of $27 Daily was posted on 28 Apr, so how is it possible that you would expect me to know information you posted 20 days later on new pairs that's profitable ?

Update on important margin limit has yet to be rectify since march 2020, implication - requires to have more margin then anticipated comparative to Stop out level by broker, thus decreasing your earning per (set) lots.
Alexander - The free margin does not depend from the software. Also, not if you repeat claiming otherwise.

Cupidsux - Your Low margin setting in the current system is base off margin used and/or free margin which i forgotten which one you said, in actuality, its a known fact that it does not correspond with stop out level of any brokers, since [EA - Low Margin Level] cannot be negative nor zero, the next best figure is 1%, system will auto close all position as intended; which Account still has around (Broker [Estimated Margin Level = 101%]), system will auto close the position, i forgotten the exact figure, so what about the rest of the 70% margin level that still available to use before stop out level of usual [Margin Level = 30%] by the broker ? isn't that a under utilization of margin by the EA which was brought up to your notice on estimated march 30th 2020.

attempting to mislead users that its profitable but gave no indication on the method which leaves you hanging other then you will have to do your own research to find the profitable pairs between brokers.
Alexander - We provide the software and share our research. Every user can confirm the rates and make his/her own decision. There is no hidden information, no black box and no misleading information. Users can do their own research if they want or they can use the examples provided on the forum.

Cupidsux - I was not referring to you on this , i was referring to JohnFX_King (27Apr), he was stating information that's not readily available for the public, and as such, if other users purchase the software then, they will realized that there's no pair to use this software on (27Apr).

This method is not innovative nor new, but it's good in a sense that it helps to manage the trades between multiple brokers, sadly for the sake of profit, they would rather behave shadily and block people.
Alexander - I blocked you because you insulted other clients and made false claims. The Swap Master topic and the forex21 forum is here to discuss software related questions. It is not a place for foul language.

Cupidsux - May i know which word that i stated was of foul language ? the word selfish or the sarcastic sentence, that's interesting for me to know as well.

Sarcastic sentence = [So please, since you are behaving in such a selfish manner, then please don't state like your a saint and mislead other users since frankly whether you acknowledge or doubt, 95-99% of users are like me that's wants to use the EA and follow the method and if possible, finds new way and share in the private forum and not someone like you whom trying to brag and mislead people into false conception only to realized upon purchasing that currently even advance portfolio is having difficulty making decent % per month.]


Alexander - I had the impression that you did well with the software but obviously you changed your mind along the way. I really feel sorry about that and wish you all the best for your trading.

Cupidsux - Till date, i still have the impression that its a good EA, but i actually loss more then i paid for the software due to the fact that stated details of EA stated is incorrect upon opening position, it was not flag to your attention because i believe its just a isolated incident where i data entry to the EA proposed intended position and the EA stated the proposed swap rates returns, it stated the correct swap rate and then after a while, i went to open the position and the proposed swap rate return was actually negative for 1 of the pair, basically i believe it could be due to broker changing swap rate mid day thus resulting in this unfortunate tragedy. after running for 2 days, on the 3rd day, which happens to the on wed night due for triple swap rate for sat and sun on 8th Apr; i got charged 3 days of negative swap rate after i realized on thursdays morning what had happen and close all the position. so in the end, i loss quite a bit on the spread and commission but swap rate was minimally positive despite being charged for 3 days of negative rates. so i guess your impression was wrong in the 1st place.

last but not least, currently not using the EA due to the fact that EA [low limit setting] isn't able to corresponding with broker stop out level of Margin Level = 30%, which in turn requires more funds to cushion pair's movement. And with your new combination on 28 Apr with new broker, i believe its workable but still require some time to determine the funds is to lots ratio. As such since 30 March 2020, i will continue waiting and take a look for the updated EA which has been in progress since then which no proposed date given for completion on better margin usage for automated closing of position with respective to broker stop out level.