Today I found out another expert advisor I had never come across, this automated trading system, the automatic forex crusher, will be the subject of my review today. As always, what I will do is to analyze the claims made on their web site with the evidence provided by the authors. By doing this analysis I will be able to say if the expert advisor is or is not worth buying and testing. My review will be, as in all cases, as unbiased as it can be as I receive no compensation for either positive or negative feedback on the trading system.
The automatic forex crusher's web site begins with the wrong foot. The first thing you encounter when you access the web page is a huge claim in read saying "Renegade Forex Trader Banks 123k in 60 days with New Forex Trading Software". After we see this very outrageous claim we see that actually the EA seller has NO evidence whatsoever to backup this monstrous assumption. What evidence does this EA seller provide ? The trading evidence provided by the author of the automatic forex crusher system is nothing short of precarious, some backtesting with live testing statements of a few days. This evidence is totally useless. Backtesting results by themselves, with no live testing to probe consistency, are just totally meaningless.
It is obvious that the system does not perform as the author says because of several reasons. First of all, backtesting statements have absolutely no date, reason why it is impossible to know their extent but they are most probably limited, second of all, the forward/live trading statements showed are dated from January 2009. Why in the world would someone with a profitable automated trading system stop trading it after a week ? If the system was as profitable as the guy/gal says why isn't there a 10 month live test now showing us the great profits that can be achieve ? The reasons seem obvious.
Of course, after going through the website and looking at the evidence provided by the author to backup the profitability claims of the automatic forex crusher I would have to say that the system is totally NOT worth buying or testing. If you would like to learn more about was is required to get a long term profitable trading system and how you too can design and program your own long term profitable 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 the article !
The automatic forex crusher's web site begins with the wrong foot. The first thing you encounter when you access the web page is a huge claim in read saying "Renegade Forex Trader Banks 123k in 60 days with New Forex Trading Software". After we see this very outrageous claim we see that actually the EA seller has NO evidence whatsoever to backup this monstrous assumption. What evidence does this EA seller provide ? The trading evidence provided by the author of the automatic forex crusher system is nothing short of precarious, some backtesting with live testing statements of a few days. This evidence is totally useless. Backtesting results by themselves, with no live testing to probe consistency, are just totally meaningless.
It is obvious that the system does not perform as the author says because of several reasons. First of all, backtesting statements have absolutely no date, reason why it is impossible to know their extent but they are most probably limited, second of all, the forward/live trading statements showed are dated from January 2009. Why in the world would someone with a profitable automated trading system stop trading it after a week ? If the system was as profitable as the guy/gal says why isn't there a 10 month live test now showing us the great profits that can be achieve ? The reasons seem obvious.
Of course, after going through the website and looking at the evidence provided by the author to backup the profitability claims of the automatic forex crusher I would have to say that the system is totally NOT worth buying or testing. If you would like to learn more about was is required to get a long term profitable trading system and how you too can design and program your own long term profitable 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 the article !
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