A few days ago I received an email talking about the forex espionage expert advisor. Of course, the purpose of all these emails I get is to make me click through the affiliate links and buy the expert advisors. What I do most of the time is review the products instead so that people can know my opinion about most new expert advisors (I try to review as many as my time schedule allows me to). If you have read many of my reviews the truth is that I very rarely consider an expert advisor worth buying.
Well, I must confess that the forex espionage expert advisor is really not the exception. I can see the marketing all over it like on most commercial expert advisors out there. The website greets you with a video of a guy who obviousy treats you like you don't know a thing about forex trading or automated trading systems. The video and the website features many claims about profits, backtesting and as always the promise to free you from your 9 to 5 job.
Ok, so what is the validity of their claims ? They have many problems to start with. First, most of their claims are based on backtesting statements which we know are done with the benefit of hindsight so absolutely no validity there. They also show us some very limited "live" testing information which has no live account investor access and is truly excesively limited to pass any judgement about the expert advisor. If you are a commercial expert advisor seller or an expert advisor reviewer that lives from the affiliate links please have this in mind : don't treat your customers like their retarded !
The forex espionage expert advisors seems to be your average commercial expert advisor that aims at trading many times per day with several short term wins and incredible backtesting results but fails to work in the long term (the only thing that grows in the long term is the number of wiped accounts). The creators never mention the problems associated with backtesting and limited live testing results. They just want to convince you to use something even if there is no evidence that the system works in the long run and there is also no evidence that the live testings shown are actually real. Again, we need live accounts with investor access to believe the claims of ANY commercial expert adviosr seller.
In summary, not only do I find the forex espionage expert advisor NOT worth buying, I also consider their website misleading and offensive to the intelligence of any potential customer. Expert advisor sellers not only should show more realiable testing, they should also struggle to explain every possible mistake within the tests they are doing.
If you would like to learn more about how to evaluate and choose expert advisor as well as about other expert advisors I have traded and reviewed please consider buying my ebook on automated trading or subscribing to my weekly newsletter to receive updates and check the live and demo accounts I am running with several expert advisors. I hope you enjoyed the article !
Well, I must confess that the forex espionage expert advisor is really not the exception. I can see the marketing all over it like on most commercial expert advisors out there. The website greets you with a video of a guy who obviousy treats you like you don't know a thing about forex trading or automated trading systems. The video and the website features many claims about profits, backtesting and as always the promise to free you from your 9 to 5 job.
Ok, so what is the validity of their claims ? They have many problems to start with. First, most of their claims are based on backtesting statements which we know are done with the benefit of hindsight so absolutely no validity there. They also show us some very limited "live" testing information which has no live account investor access and is truly excesively limited to pass any judgement about the expert advisor. If you are a commercial expert advisor seller or an expert advisor reviewer that lives from the affiliate links please have this in mind : don't treat your customers like their retarded !
The forex espionage expert advisors seems to be your average commercial expert advisor that aims at trading many times per day with several short term wins and incredible backtesting results but fails to work in the long term (the only thing that grows in the long term is the number of wiped accounts). The creators never mention the problems associated with backtesting and limited live testing results. They just want to convince you to use something even if there is no evidence that the system works in the long run and there is also no evidence that the live testings shown are actually real. Again, we need live accounts with investor access to believe the claims of ANY commercial expert adviosr seller.
In summary, not only do I find the forex espionage expert advisor NOT worth buying, I also consider their website misleading and offensive to the intelligence of any potential customer. Expert advisor sellers not only should show more realiable testing, they should also struggle to explain every possible mistake within the tests they are doing.
If you would like to learn more about how to evaluate and choose expert advisor as well as about other expert advisors I have traded and reviewed please consider buying my ebook on automated trading or subscribing to my weekly newsletter to receive updates and check the live and demo accounts I am running with several expert advisors. I hope you enjoyed the article !
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