While doing my weekly search for new automated trading systems I stumbled upon a new forex automated trading system called Forex Avalanche. On today's post I'll focus on reviewing this trading system and determining its potential for long term profitability in the forex market. As always I will first focus on the evidence provided on the website and if it can or cannot backup the claims made by the authors. After this I will analyze the expert's evidence and give my opinion about whether or not this system has potential for long term profitability and whether or not it is worth buying and testing.
The forex avalanche website starts with some really unsound claims typical of our dear expert advisor sellers. The seller claims that the EA is able to make hundreds of thousands of dollars in a few months without even mentioning the capital necessary to do this or the expected risk traders who buy this system are expected to find. Everything that follows this is nothing short of a terribly bad joke.
The authors way of "backing up" his statements about the expert advisor are simply not valid at all. The creator shows us a single backtesting report of less than a year on the GBP/USD without even showing us any statements so that we may get even a slight idea of how the expert advisor actually trades on the market. Obviously a lot of questions start to rise on our minds. Why isn't there a 10 year backtest if the EA is so profitable ? Better yet, why isn't there any live trading results showing us that the expert is able to achieve these results in live trading ? It is just simply stupid to believe this people's results when they don't really have anything. They have a very limited backtest which could simply be a short term profitable period of a globally unprofitable strategy or even worse, it could have just been designed with the benefit of hindsight or using exploitation of backtesting faults to achieve those results. Long story short, there is absolutely NO WAY in which the evidence these people show us even REMOTELY backs up the claims they make on their website.
The rest of the webpage just tells us absolutely nothing about the automated trading system. We only have some very blurry pictures with the same retorical non sense we have grown to hate. The same lame story about how you can be profitable and bla bla bla. Simply there is no evidence to backup their claims. Period.
The people at forex avalanche have put nothing else than a joke on their webpage. Why would anyone buy a trading system with such unreliable and lacking evidence ? If the the authors of forex avalanche are serious about selling their system to real traders then they should post ten year backtests with live trading results to show at least 3 months of live/back testing consistency, probably a year would be idea. Why don't they do this ? Why isn't there an extensive backtest with the statement shown and the live tests to confirm their validity ? Well, the questions answer themselves.
Obviously because of the complete lack of reliable evidence of the forex avalance website, I will have to say that their expert advisor is NOT worth buying or testing. Remember that the burden of proof is on THEIR live accounts, not on OURS. If their EA is as profitable as they say, then there would be no problem in posting all the evidence I have requested. If you would like to learn more about automated trading and how you too can get profitable results using reliable long term profitable systems 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 forex avalanche website starts with some really unsound claims typical of our dear expert advisor sellers. The seller claims that the EA is able to make hundreds of thousands of dollars in a few months without even mentioning the capital necessary to do this or the expected risk traders who buy this system are expected to find. Everything that follows this is nothing short of a terribly bad joke.
The authors way of "backing up" his statements about the expert advisor are simply not valid at all. The creator shows us a single backtesting report of less than a year on the GBP/USD without even showing us any statements so that we may get even a slight idea of how the expert advisor actually trades on the market. Obviously a lot of questions start to rise on our minds. Why isn't there a 10 year backtest if the EA is so profitable ? Better yet, why isn't there any live trading results showing us that the expert is able to achieve these results in live trading ? It is just simply stupid to believe this people's results when they don't really have anything. They have a very limited backtest which could simply be a short term profitable period of a globally unprofitable strategy or even worse, it could have just been designed with the benefit of hindsight or using exploitation of backtesting faults to achieve those results. Long story short, there is absolutely NO WAY in which the evidence these people show us even REMOTELY backs up the claims they make on their website.
The rest of the webpage just tells us absolutely nothing about the automated trading system. We only have some very blurry pictures with the same retorical non sense we have grown to hate. The same lame story about how you can be profitable and bla bla bla. Simply there is no evidence to backup their claims. Period.
The people at forex avalanche have put nothing else than a joke on their webpage. Why would anyone buy a trading system with such unreliable and lacking evidence ? If the the authors of forex avalanche are serious about selling their system to real traders then they should post ten year backtests with live trading results to show at least 3 months of live/back testing consistency, probably a year would be idea. Why don't they do this ? Why isn't there an extensive backtest with the statement shown and the live tests to confirm their validity ? Well, the questions answer themselves.
Obviously because of the complete lack of reliable evidence of the forex avalance website, I will have to say that their expert advisor is NOT worth buying or testing. Remember that the burden of proof is on THEIR live accounts, not on OURS. If their EA is as profitable as they say, then there would be no problem in posting all the evidence I have requested. If you would like to learn more about automated trading and how you too can get profitable results using reliable long term profitable systems 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 !
Posts
No comments:
Post a Comment