Monday, September 14, 2009

Forex Expert Advisor : Forex Insider Pro an Unbiased Review

Today I am gonna focus this post on the review of the forex insider pro expert advisor. As you know, all my reviews are as unbiased as they can be since I don't receive anything for giving good or bad reviews for any expert advisors. I have absolutely no affiliate links or any other ties with commercial expert advisor sellers. I just call them like I see them. The forex insider pro expert advisor is given a great projection by it's creator with the following bold remark :

" Let My Robot Be Your Slave To Make Money For You NON-STOP Even While You're Fast Asleep!"

Well my friends, I never judge expert advisors just by the claims they make, I always judge them by the way in which they backup their claims and the evidence they show us to do so. Looking at the forex insider pro expert advisor, you will see that this expert has absolutely no evidence for any of it's claims. he says that the expert is able to trade with a low balance and a low risk and make huge gains. Where in the world is the evidence for this ? I don't see a live testing statement that can even show us how this expert trades on the market.

I mean, I would hire a money manager without looking at at least several years of his track record. Why would you demand any less from an expert advisor if it is actually going to manage your real money ? Well, this guy doesn't show us anything. All we are looking at are some very simple backtesting screenshots that don't even have adequate modelling quality. Needless to say, we don't know even if the expert has a high likehood of having important one minute interpolation errors because we cannot see any statements that point to how this expert trades.

Are we supposed to buy something that does not even prove it's claims ? Absolutely not ! As I always say, the burden of proof is with the creators of the systems. This system of course, as you see, is absolutely NOT worth buying and it would take at least a 6 month live account with backtesting to match consistency to make me change one letter on this review. However, I am always opened to changes in my opinions if expert advisor creators support their claims adequately.

If you would like to learn more about forex automated trading systems, how to evalute them, what their characteristics are and how to really trade profitably with realistic profit and draw down targets using expert advisors 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 !

No comments:

Daniel Fernandez's Expert Author Email Alerts
Sign up to receive email alerts of Daniel Fernandez’s latest articles from EzineArticles.com!

Email Address: