Today I will focus this review on the review of the forex slasher expert advisor which was suggested to me for review by a customer. I have to say again that I greatly appreciate people taking the effort to find systems and ask me to review them. Despite of the quality of a trading system for me it's important to review them all so that people will not potentially fall onto the traps usually setup by many commercial expert advisor sellers. On the other side, thanks to this suggestions I have been able to find some worthwhile trading systems. Now let's focus on the forex slasher review.
The first thing that greets you when you open the forex slasher's website is a huge banner that advertices the experts claim : "Discover the market slashing robot that has silently swiped $378,137.49 from the so called experts in the past year alone... completely on auto-pilot!"... Well, again, this people have many ethical problems. Whyi n the world would you tell people that an expert advisor did something it DID NOT do. The forex slasher trading system has a backtest that shows a $378,137.49 profit, that does not mean anything since we don't even have access to the experts statements to see if the expert is subject to backtesting interpolation errors or other problems so this testing is worthless for us.
Now what other evidence does the author offer to backup his claims ? Well, there are a lot of trading pictures that I could make using mt4 with absolutely no problem, so this are NOT evidence of profitability as we have NO IDEA if this are real trades, what the loses are, I mean, we have no idea about the way this expert advisor trades. For all we know, this could all be made up images and the expert could trade totally different.
Now there is something to get a good laugh from on the website. See the live testing ? What ? A live testing statement with only 4 trades which we don't have any more information about ? We don't even know if these trades were taken in an hour, in a year, in 10 minutes. Come on ! I could randomly make trades in forex demo account until I got a 199 profit in 5 minutes from 5 trades and then save a snapshot of this to place on a website. Please, dear expert advisor creator, again, your customers are NOT retarded and you should know better. Don't insult your customer's intelligence and don't be so unethical to exploit the naivity of those who cannot really figure out that your expert cannot live up to it's claims.
Again, another expert that is totally NOT worth buying since the creator fails to provide even the most basic evidence to evaluate how his expert trades. Why doesn't he provide 10 year long backtesting with at least a 6 month live test ? Well, because the system did not make $378,137.49 last year and it will not make that next year or the year after that one. If you achieve these results on a live account, just leave me a comment and I will rewrite this whole review... Meanwhile, this system is a total waste of time.
If you would like to learn more about how you evaluate trading systems and know the real usefulness of live, back and forward testing as well as a way to start trading profitably with a free long term profitable trading system 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 this article !
The first thing that greets you when you open the forex slasher's website is a huge banner that advertices the experts claim : "Discover the market slashing robot that has silently swiped $378,137.49 from the so called experts in the past year alone... completely on auto-pilot!"... Well, again, this people have many ethical problems. Whyi n the world would you tell people that an expert advisor did something it DID NOT do. The forex slasher trading system has a backtest that shows a $378,137.49 profit, that does not mean anything since we don't even have access to the experts statements to see if the expert is subject to backtesting interpolation errors or other problems so this testing is worthless for us.
Now what other evidence does the author offer to backup his claims ? Well, there are a lot of trading pictures that I could make using mt4 with absolutely no problem, so this are NOT evidence of profitability as we have NO IDEA if this are real trades, what the loses are, I mean, we have no idea about the way this expert advisor trades. For all we know, this could all be made up images and the expert could trade totally different.
Now there is something to get a good laugh from on the website. See the live testing ? What ? A live testing statement with only 4 trades which we don't have any more information about ? We don't even know if these trades were taken in an hour, in a year, in 10 minutes. Come on ! I could randomly make trades in forex demo account until I got a 199 profit in 5 minutes from 5 trades and then save a snapshot of this to place on a website. Please, dear expert advisor creator, again, your customers are NOT retarded and you should know better. Don't insult your customer's intelligence and don't be so unethical to exploit the naivity of those who cannot really figure out that your expert cannot live up to it's claims.
Again, another expert that is totally NOT worth buying since the creator fails to provide even the most basic evidence to evaluate how his expert trades. Why doesn't he provide 10 year long backtesting with at least a 6 month live test ? Well, because the system did not make $378,137.49 last year and it will not make that next year or the year after that one. If you achieve these results on a live account, just leave me a comment and I will rewrite this whole review... Meanwhile, this system is a total waste of time.
If you would like to learn more about how you evaluate trading systems and know the real usefulness of live, back and forward testing as well as a way to start trading profitably with a free long term profitable trading system 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 this article !
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