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Forex Robot World Cup?

  • #161
  • Mar 1, 2010 7:52am Mar 1, 2010 7:52am
Quoting garfield75
My $1000.00 demo account was up by $34.00 after 1 1/2 weeks of trading is now down to $485.00 thanks to 3 losses in EURGBP.
4 GBPJPY trades are still open in negative $200.00, at this rate, I expect the account to be wiped out before end of this week.
Sorry to be the bearer of bad news everybody, but these FRWC EAs just do not work in the long-term.
  • #162
  • Mar 2, 2010 12:38am Mar 2, 2010 12:38am
I find it interesting that FRWC removed the original live Fusion account that they posted in EA labs. They now have the 3rd party test account from the FAP TURBO guy, and a demo account. But the original live fusion account, funded with $1,000 through FXCM using a fixed lot size of .02 is NOWHERE to be found... So much for transparency I guess...

But wait, there's more. I used the investor password to track that mystery account through myFXbook and it's definitely still running. It's at an amazing $584.38 balance!!! Hahahaha! I guess that solves the mystery of why FRWC removed that account from their website. Are these guys really for transparency? Because, I'm not getting that feeling when they remove a losing account from their website with no explanation... Perhaps someone from FRWC can comment?

***************************************
I attached the account statement for the ORIGINAL FRWC Fusion account as of a few minutes ago from myFXbook. By the way the account number is 1010718 through FXCM so, anyone can verify that this is the original account. (sorry, I didn't write down the investor password, and it's not posted on the FRWC website anymore...) Below is the link to the myFXbook page that I use to track the FRWC's original Fusion account:

http://www.myfxbook.com/members/madm...aiGditFpv1T2EF

*******************************

I noticed on the account statement that around Feb 19th, they started messing with the lot size. I don't know why, though. Maybe they were trying to accelerate the results. Anyway, it backfired but most of the damage was at the .02 lot size.

I thought FRWC had good intentions at first. Lesson learned for me. Looks like they are just trying to swindle people with a facade of transparency.

I have to say that I started trading a live account with Fusion and my custom settings (disabled strasha & HiRider system 1, fixed lot size of .02, Max 5 trades for HiRider). The results so far are slightly less than break even. Not very promising. Also, HiRider has not placed any trades since I disabled system 1 (which actually saved the account from more loss).

Here is the myFXbook link to my live account that's trading Fusion with modified settings:

http://www.myfxbook.com/members/madm...csBgcFRnNvnC4p
Attached File(s)
File Type: pdf FRWC Fusion Statement Original.pdf   109 KB | 333 downloads
  • #163
  • Mar 2, 2010 4:12am Mar 2, 2010 4:12am
Hi,

Here is my small note i have been testing since 2 weeks already :

- Fusion - dead end pure luck bad MM , lots size removed from testing.

- Hirider - booked 10 trades after 5 days of floating loss , now opened 10 more ( what broker allows to be opened 10 trades at the time ? No fu.... way will never happen

- Supervolcano - uses market volatility . what MM is using have no clue . Lets c

- LMD - good mm , 50sl (a bit short) 200tp , daily chart , trades every midnight easily to copy manually if broker blocks your EA

Voila, let me keep testing will update you soon.
  • #164
  • Mar 2, 2010 9:06am Mar 2, 2010 9:06am
I don't believe that there will be even EA where you can just set it and forgot it then look back in a month expecting profits. I am doing well with Fusion because I make adjustments with it daily. With demo, I decided that straasha will work only if you use .01 lot size or if you have large capital. SuperVolcano was the reason that that there are too many losses just like during competition live account even though it profited 30 percent which was not very far. With my intermediate knowledge with forex, I take advantage of Fusion EA to make some money without emotionally. If you even want EA that you want to set it and forgot it then you will never find the holy grail one.

By the way, I am looking forward to new EAs from FRWC that I can use to work with HiRider and LMD that I really like.
  • #165
  • Mar 2, 2010 9:40am Mar 2, 2010 9:40am
probably -1500 pips at the moment
  • #166
  • Mar 2, 2010 10:07am Mar 2, 2010 10:07am
Quoting DeafPipster
I don't believe that there will be even EA where you can just set it and forgot it then look back in a month expecting profits. I am doing well with Fusion because I make adjustments with it daily. With demo, I decided that straasha will work only if you use .01 lot size or if you have large capital. SuperVolcano was the reason that that there are too many losses just like during competition live account even though it profited 30 percent which was not very far. With my intermediate knowledge with forex, I take advantage of Fusion EA to make some...

You seem to be one of the few to make this thing go. A lot of people especially on BabyPips are ready to pull the plug. As I understand it, HiRider is restricted to 2 open trades at a time. Is that right?
  • #167
  • Mar 2, 2010 12:36pm Mar 2, 2010 12:36pm
Quoting CodeMeister
You seem to be one of the few to make this thing go. A lot of people especially on BabyPips are ready to pull the plug. As I understand it, HiRider is restricted to 2 open trades at a time. Is that right?
That is right.
  • #168
  • Mar 3, 2010 12:21am Mar 3, 2010 12:21am
Quote
Yes, volcano is not enabled.

I trade with FRWC for 2 weeks now. The results are great so far. I turned Volcano strategy off because it seems risky.
  • #169
  • Mar 4, 2010 3:31pm Mar 4, 2010 3:31pm
HAve you heard the news from frwc support?
They are closing sales to avoid overselling. good move.

Quote
FRWC is closing sales on March, 5th. We promised the clients the absolute best support in the industry and that is what they intend to provide. That's why we'll close the sales to concentrate on our clients and their needs.

We have reached a point where we believe our clients are getting the best and adding new clients will only dilute the quality of support we worked so hard to build and provide.

From the beginning of this project, we decided to establish a new standard in the industry...

Moreover we don't want to have "oversold" effect when...
  • #170
  • Mar 4, 2010 4:38pm Mar 4, 2010 4:38pm
Quoting Marktradr
HAve you heard the news from frwc support?
They are closing sales to avoid overselling. good move.

Just marketing hype to get more trades to buy in panic...
I am sure it will be available to buy again within a month or so...

We have all seen these marketing tactics before....nothing new...

But for 1K i expected a much better product than what's been delivered so far... had few issues with getting the refund initially...but managed to get entire refund back from them... I am not touching it again...
Trading is SIMPLE not EASY.
  • #171
  • Mar 5, 2010 2:59am Mar 5, 2010 2:59am
Quoting garfield75
Just marketing hype to get more trades to buy in panic...
I am sure it will be available to buy again within a month or so...

We have all seen these marketing tactics before....nothing new...

But for 1K i expected a much better product than what's been delivered so far... had few issues with getting the refund initially...but managed to get entire refund back from them... I am not touching it again...

Yeah its very difficult to believe that I won't be able to offer them say $2000 in a month's time and get turned down. What is more likely, is they will offer them to me for $97.

Its strange that they can't hire people to meet any demand level they anticipate. Also strange that they have to cut off selling but will be conducting another competition in April or May. That is if they are still in business.

You might have been smart to get your money out now. From monitoring the other boards in seems to be running about 10 to 1 for people planning to demand a refund. Most of them will be going along with 30 day demo account log. There was one comment from a customer that FWRC is blaming the poor results on his choice of broker (ie. not FXCM).

Its going to be a circus on Mar 16.
  • #172
  • Edited 5:17am Mar 5, 2010 3:53am | Edited 5:17am
I am thinking that the door closing for FRWC sales is just a marketing ploy. I would guess they are starting to get hit with alot of refund requests. Closing the doors for sales creates a couple of psychological effects marketing wise.

1. I better rush to buy before they take it off the market. (yea right)

2. I better not ask for a refund because if the updates work a miracle, I will not be able to repurchase at a later date.

FAPTurbo Evolution may be a good example of this. Limit the sales to 2000 copies at $600 each and then pull the plug just short of 2000. Ofcourse, anyone who has read other forums know that well hyped Bot with Beta Testers crashed and burned. They are still promising updates, but have not delivered. Come to think of it Fapturbo Mike also has started threads on forums about FRWC. So just another marketing chain.

Just my 2 cents.
  • #173
  • Mar 5, 2010 5:04am Mar 5, 2010 5:04am
Quoting jrwaters67
I am thinking that the door closing for FRWC sales is just a marketing ploy. I would guess they are starting to get hit with alot of refund requests. Closing the doors for sales creates a couple of psychological effects marketing wise.

1. I better rush to buy before they take it off the market. (yea right)

2. I better not ask for a refund because if the updates work a miracle, I will not be able to repurchase at a later date.

Just my 2 cents.
Very good point and yes I feel the same way... I haven't done the refund yet, all because of what you said.. I still have some time... Still waiting for these damn bots to pull a pip in profit... the Demo user on MYFXBOOK is at .14% after 108 trades....
  • #174
  • Mar 5, 2010 5:08am Mar 5, 2010 5:08am
I cant see why overselling is a problem, just employ more support staff with the extra funds?

http://www.forex-robot-world-cup.com.au
  • #175
  • Mar 5, 2010 5:30am Mar 5, 2010 5:30am
Royal. Yeah, I tracked your responses on some other threads.. You have a MYFXBOOK, which is obviously a demo account, or other wise it would be public displaying FULL Transparency. Now I see the marketing efforts of the FRWC.
  • #176
  • Mar 5, 2010 5:47pm Mar 5, 2010 5:47pm
Quoting Ipndasno
Royal. Yeah, I tracked your responses on some other threads.. You have a MYFXBOOK, which is obviously a demo account, or other wise it would be public displaying FULL Transparency. Now I see the marketing efforts of the FRWC.
Yeah I've seen "RoyalTrader" promoting his affiliate link ALL OVER THE PLACE! He's a turd. I'll bet he doesn't even trade.

Hey, RoyalTrader. Stop peddling your crap, pretending to have interest in a topic. You are truly a disgrace. You're an unethical affiliate marketer building up your links on the web. Take a hike!
  • #177
  • Mar 8, 2010 3:53pm Mar 8, 2010 3:53pm
Anyone order and get refund successfully?
  • #178
  • Mar 8, 2010 4:23pm Mar 8, 2010 4:23pm
Quoting ForeverForex
Anyone order and get refund successfully?
yes.. I did...
Trading is SIMPLE not EASY.
  • #179
  • Mar 9, 2010 6:30pm Mar 9, 2010 6:30pm
If anyone is having problem with refund, please PM me, I might be able to help you on how to response to get the refund.

Cheers
Garfield75
Trading is SIMPLE not EASY.
  • #180
  • Mar 9, 2010 6:40pm Mar 9, 2010 6:40pm
slap yourself if you thought this box EA was going to make you rich
Annoying Precision
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