ForexFury

Hi traders

yes, I was hesitant about in which forum I have to post these questions.
I just wanted to know if anyone have luck with purchasing robots where it was worth it. I mean where the robot was really consistent in making profits even if those profits was small.
I am looking into ForexFury right now but not convinced at all.
They talk alot about how profitable it is and that they have thousands of satisfyed customers, but when it come to proof they are really in lak of them. They claim that their robot's goal is to make 20-40% monthly, but when you look at their only real provided account you can see only 72% profits with a drodown of 41% in more than three years. Else the rest is demo accounts.
When I contacted them about it they was absolutely not helpful. They just told me they will share more real accounts soon. In years they have only one real live account, that do not proof the robots capabilities as they claim it have, and then they just say they will provide soon.
I talk about of course
www.forexfury.com

If any one know this robot or have used it that like to share his experience I will really appreciate it, because I am about to purchase it since I do cannot find other choices.

But if anyone knows an ea that really profitable or at least have posibilities in it please tell me about it.
I do not want these martingale or grid robots. But a robot that have a specific strategy based at technical analysis.

I am looking forward to your inputs since learning trading is not possible for me, so I hope to find something that can help me trading by a company that keeps upgrading it and make changes while the market changes it's conditions.

I was interested some months ago too, I don't remember where but I read some opinions that it is a scam because the site that gives excellent feedback of the ea is own by who sells the ea.

Hello,

Be very careful with buying EAs. There is a sea of scammers out there waiting to take your money.

I use EAs mainly to manage open positions.

But,

I've tested a few EAs with specific strategies and ironically the ones that were most promising were FREE.

Here are two that have provided some of the most consistently profitable results among the many I've tested. And they are FREE from the MQL5 codebase. You can also find many other good EAs to test there.

Self Optimizing RSI or MFI Trader - https://www.mql5.com/en/code/19392

Engulfing - https://www.mql5.com/en/code/22324

Also, make sure when trading with EAs you test test test test and optimize and optimize for various market conditions before you trade on a live account.

Hope this helps.

i believe your instinct already tells you its a bad deal. The fact that you are here asking questions about the EA speaks for itself. Even from your narrative, there is indication the owners are not forthcoming with real data on the EA so why are you still interested?

If it was that easy to just sit back, buy a ROBOT and become rich, the owner of the EA will not be in the market selling the ROBOT and would be sitting back and making money.

Don't be deceived. Nothing good comes easy ESPECIALLY not trading. if you can't do the handwork, just find other alternatives else you would just be donating your money and making other people rich

[quote=jo24;13159375]

Yes, the problem is when such companies make robots, at least they have to show bunch of real accounts with real money so the possible customer can be comforted to their work. Else it is meaningless, since this indicate that the creater of the robot does not trust his robot enough to put real money.
Also, these real accounts should be at well known brokers.
Wehn I contacted them about it, they simply replied with a very ignorent answer that left me with the feeling that they do not care whether I purchase it from them or not. As if they mean they have earned enough with this robot so no longer what the prossible customers opinion is.

[quote=Calsimay;13159400]

Thank you for your input. You are right, and that is what I have also concluded. I hope there are someone that can change my opinion by telling me about a well known robot creater company that is so confident at their work that they show alot of real accounts in myfxbook.com and other documentations of their real work.

And I will look into these robots you told me about. Thanks again for your help.

ForexFury??? Hmmm, I dont know why the admin considered this topic about ForexFury only so changed its title?
I thought I was asking about possible profitable robots in general...
But you know best of course. Thanks for the editting.

Hi.

"They talk alot about how profitable it is and that they have thousands of satisfyed customers, but when it come to proof they are really in lak of them. They claim that their robot's goal is to make 20-40% monthly, but when you look at their only real provided account you can see only 72% profits with a drodown of 41% in more than three years. Else the rest is demo accounts."

Just for clarification.

We have 100k, make a profit of 72%-- so we have 172k right?
Then we have a drawdown-- of only 42% what is 72240--
So we have a loss of 240 bucks --
Right!

And I guess we have to pay something for your service / system /EA or whatever you offer here.

Have a pleasant day ;-)

[quote=Sesamstrasse;13159711]
Thanks for your input. It is really useful since it confirm what I already said. When you talk to some one from the ForexFury team you just get responses that leave you feeling that they are careless when it comes to what they claim that their robot do. They talk about 20-40% monthly profit, but when their "only one" real account show only 72% more than three years, they just say: What else would you have acheaved then??? This is good that we acheaved these 72% in more than three years. Else we will have been margincalled.

And then, they give you a bunch of demo account you could have fun with viewing.
But the BIG question here is: Why the creater of the robot is afraid of using his own creation? Why will he not show many real account to proof his credibility in this scam world of robots???? Why does he prefer such responses as the above one instead?

And the comment of I have a service or ea to offer is more fun in itself to deserve a comment.
In any case I thanks you again for your input.

So any one that know a real and respected robot please tell me about it.

This topic should not have been only about ForexFury, but the Admin of the Forum changed it to this title.

In this topic I just want to hear from all you that have had a positive experience with a robot.
Thanks because you took the time to read this.

ah no sorry, I´m really not intrested in any kind.

I just brought the numbers you wrote clearly on the table-- sell what you want but for sure not to me --

Have a pleasant day

[quote=Sesamstrasse;13159834]{quote}{quote}
Thanks alot for your time Sir. Hope the best for you.

[quote=ObagyTrader;13159423]

Sorry, didn't see your post before now. And you are completely right. That is what I began to think after I have tested some of these paid robots like Fury. But I just asked this question in the hope of that some one could prove me wrong and tell me about a highly respected company that really sell something works. But in the end I think I will reach the same opinion that you have stated here. So this is my last attempt before I leave the Forex market after it beated me totally. (smile)

[quote=Calsimay;13159400]

I looked at these two suggestions you told me about. Especially the Self Optimizing RSI or MFI Trader. But I could not get it to be profitable in the back testing until I set it's optimized input to 72 and traded daily chart of gbpjpy. But I do not trust one time luck. I mean that I just get it to be profitable in one specific period in a specific currency pair in backtesting data that bearly reach the 90% acuracy dont comfort me. So just wanted to know if you have something you can recommend me to change in its settings. Will really appreciate it.

Just wanted to update this in the hope of any input that can be useful about any other paid robot that you have had good experience with.

Hello felow traders

Ok, I have not posted in a long time. That is because I got a copy of Fury from a friend and played with in two months. Well, the results absolutely not satisfying.
If you leave the robot on the default settings with the default currency pair and that is bbpusd, you will all the time get your account reduced. It win twice or thrice and then loos one time. And that is enough for you to get your account to loos and loos. Because one loosing trade need five or six winning trades to even recover. Not to talk about earn a bit.
And if you play with the settings and change currency pairs, this make it worse for you..
Conklusion: Theff team simply lie to you.

Now, let me remind you about my question: Do you know a real winning forex robot? If you do, I will be very thankful if you let me know, because so far I did not find one.
Even those that talk about gps robot. I have not purchased it, but out of what they provide of accounts I can see that it works four or five times a year. And you just have to be lucky and make profit else you will end up in entire year not getting anything beside loosing 10% or 20% of your account.

Just an update regarding ForexFury. You can now see if you go to their website that this bot is about to die completely.
You can find settings that they provide you with what they call recommended settings. They always give you losses in any backtesting attempts. And whenever you ask them, they will just tell you to not rely on backtesting but keep forward testing by having as much as you can of demo accounts. I have done that and all my demo attempts failed missribly.
So ....
Sadly that there are not a winning machine for me in this market. I might find my winning machine in dreamland. So I am about to go there and find out. LOL

Hello, I have the same problem with forex fury, I still can't find a configuration that all lose results, if you could already find a robot or a good configuration, I would appreciate it if you could send it to me

I have test EAs a lot and I've tested Fury an incredible amount. I've also run it live sometimes and have made some money from it but it requires a huge amount of work. I've mostly stopped running it because of the work required to make it profitable, I've got other EAs that are profitable without the same level of work.

There have been periods it has made money and then periods it has performed really badly. it not set and forget.

I might put it back on one day soon to just check on it.

The way I operated it. I had single VPS running 5-6 test MT4 terminals with Fury.

Terminal 1: Ran 6 majors with Fury (5 pips TP 29 pip SL)
Terminal 2: Ran 19 minors with Fury (5 pips TP 29 pip SL)
Terminal 3: Ran 6 majors (as above) with Trailing Stop
Terminal 4: ran 19 minors with (as above) with Trailing Stop
Terminal 5: ran 8 best pairs with a staggered start (so the USD ones didn't all open positions at the same time)
Terminal 6: 8 best pairs running for 2 hours (starting at lunch time in each of AU, EU and US sessions)

I think used FX book (summary tab) to show me which of the pairs was performing and which were not, which were then put into the best 8 on the test VPS. The hour tab is useful also, that is how I cam up with the 2 hours around lunch time.

If the best 8 was making money, I would use the exact settings on my live account. If it was working better in the 2 hours blocks of each regional day then I'd use those hours.

Fury can generally make money but only in specific market conditions and with a lot of user input. I found it needs to trade a lot, so a single loss doesn't make an impact. It also has a problem where it gets stuck in the space between +/-0 pips and the SL at -29pips and bounces around there for hours or days ... the problem is it then can't open new trades to take advantage of this nice range bound period where it would suit the EA and make money.

Top Fury tips.
The trick with fury is to try to avoid a loss, not to try and make money
Try to avoid opening trades in the opposite direction of the trend but not so much that this reduces volume which can be a problem.
Fury likes either high volume of trades to make money or very little volume, in between doesn't seem to work.
Avoid starting it around opening times
Avoid running it across other regional opening times
Stagger your start times on each pair by 30mins minimum
Pick you currencies wisely (see the testing)
Look out for too much correlation in USD, by design profitable trades are closed quickly and loss trades stick around so can accumulate together and be all the same side of USD
AVOID the entire day of major news announcements.
Try to find periods during the day which are less subject to directional moves (some volatility but not directional vol. as it tends to buy the dips and sell into rallies)
Trail Stop seems to almost always work better

Follow me and DM me if you have fury and wants some more info on how I've run it.