A few days ago a customer asked me to review the forex annihilator automated trading system. After looking at the website and analyzing the product I decided to write a review about the system today. As always, my review will focus in the analysis of the evidence provided by the author and the way in which it supports the authors claims. At the end of my review I will tell you if I consider this system worth buying or testing in virtue of the above. As with all my reviews, this review is unbiased as it can be with no gains for me for either positive or negative feedback of the system. Now lets start reviewing the forex annihilator expert advisor.
At first glance, the forex annihilator expert advisor look like 99% of all the other expert advisors out there. The website, as it happens almost all the time, takes a long time going into the story and the reasons why the author created the system with almost no background on the trading system's logic or the merits it has to be long term profitable.
Then the outrageous claims start to come out. The first claim made, when you open the website states "Underground Trader Discovers Secret $1 Million Per Day Trading Loophole & Raids It For $88,293.09...". What a bunch of non sense. This expert advisor NEVER made this money in real trading, it made it in back testing which is NOT the same. Again, another expert advisor seller that thinks that we are totally retarded. Why does this guy lie to our faces ? Well, for obvious reasons.
The website continues with absolutely no information but pictures of parts of backtesting results and some screenshots of trades. Backtesting coming from an EA seller is totally meaningless in the absence of live testing since there could be significant exploitation of backtesting faults, which is this expert's case. You can tell by the outrageous profits this guy gets from this tests. Of course, this is meant to take advantage of the people who have no idea about the difference between live and backtesting and how backtesting can be manipulated to give unbelievable results that will not hold up to be true in live testing.
Again, another EA seller that cannot backup his claims and only has very limited and invalid evidence of profitability. This guy says he lives from this system, why doesn't he show his live trading statements showing he does ? Because he does not ! This website is nothing more than a huge waste of time. In my opinion, in the light of all I have just told you, I consider the forex annihilator absolutely NOT worth buying or testing.
If you would like to learn more about what it takes to have a long term profitable system and how you too can learn more and start trading profitably with realistic profit and risk expectations 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 !
At first glance, the forex annihilator expert advisor look like 99% of all the other expert advisors out there. The website, as it happens almost all the time, takes a long time going into the story and the reasons why the author created the system with almost no background on the trading system's logic or the merits it has to be long term profitable.
Then the outrageous claims start to come out. The first claim made, when you open the website states "Underground Trader Discovers Secret $1 Million Per Day Trading Loophole & Raids It For $88,293.09...". What a bunch of non sense. This expert advisor NEVER made this money in real trading, it made it in back testing which is NOT the same. Again, another expert advisor seller that thinks that we are totally retarded. Why does this guy lie to our faces ? Well, for obvious reasons.
The website continues with absolutely no information but pictures of parts of backtesting results and some screenshots of trades. Backtesting coming from an EA seller is totally meaningless in the absence of live testing since there could be significant exploitation of backtesting faults, which is this expert's case. You can tell by the outrageous profits this guy gets from this tests. Of course, this is meant to take advantage of the people who have no idea about the difference between live and backtesting and how backtesting can be manipulated to give unbelievable results that will not hold up to be true in live testing.
Again, another EA seller that cannot backup his claims and only has very limited and invalid evidence of profitability. This guy says he lives from this system, why doesn't he show his live trading statements showing he does ? Because he does not ! This website is nothing more than a huge waste of time. In my opinion, in the light of all I have just told you, I consider the forex annihilator absolutely NOT worth buying or testing.
If you would like to learn more about what it takes to have a long term profitable system and how you too can learn more and start trading profitably with realistic profit and risk expectations 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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