Hello, today I would like to discuss the
FOREX AUTOBOT This bot appears to trade the Gbp/Usd. The strategy is not readily known by reviewing the website. The vendor supposedly went from $1000 to $21,000 in One Month with his very own creation. Hmm well my math isn't that great but I think that equates to 2100%
ROI in one month holy you know what! So right off the bat I am extremely skeptical of this one.
OK Guys let's get to work!
They have set up a
nice live account for us to follow so let's look at what they have here. They have deposited a nice amount of starting capital around 20,000 USD this is a good thing as it shows they have some confidence in their system's performance. When I try to interpret how this system trades it is very difficult because the trade history and open trades have been set to private. I am not sure why they would do this, hopefully they are not trying to hide something. What is nice is that the system has not had a losing month to date. But I must caution that I believe this is a
martingale trading strategy, because the graph shows spikes in the trading lots after a loss. Consider yourself warned.
The
backests are extremely outlandish and this is taken directly from their website -"$1000 to $1,970,869 in 1 Year." Yup you saw that right almost 2 million in one year from a starting capital of $1000. So this is either the "holy grail" or something is very wrong.
FOREX AUTOBOT WEBSITE
