Forex Ambush 2.0 an Unbiased Review

This is the first signal service I have ever reviewed in my webpage. The reason why I decided to evaluate this service is because I have been asked by several of my customers to take a look into it and give my honest opinion. I have spent the past two hours checking the website, it’s trading statements and it’s claims and now I have a well founded opinion I am going to share with all of you about what they say they can achieve.

First of all, the service offered by this company seems to be your regular forex signals with the additional twist that you can also trade them in an almost automate fashion using fxcm. The first red flag comes when you first enter the website and it shows you those absurd profit claims with an additional “no loss” claim. I mean, “no loss” ? really ? Do they really want to convince us that they have a system that never loses ? Sure ! They do have live statements that show they have never lost. But please remember, there is a very important difference between a system that hasn’t lost and systems that never loses. This difference is that the second type, does not exist.

After reading all the FAQ, claims, etc, I decided to take a look into the live statements which usually give me a very good idea of how the system trades and it’s possibilities for long term profitability. What I found ? Exactly what I expected. In my experience, systems that claim to never lose are often associated with a lack of stop loss. To my surprise, this is exactly the case with this system ! Why does it never lose ? Because the system’s stop loss is the whole account balance !

Since the system places no initital stop loss but does have a trailing stop, if the system ever goes directly against the trader by an amount of money equal to the trader’s starting balance, the trader will have his account wiped out. Trust me, this will happen ! It happens to all this type of systems because the mean reversion theory eventually fails, specially when something causes a sudden, very decisive change of direction. So in my opinion, this system is absolutely not worth buying because it is not based on sound trading principles and it does not aim to preserve capital, the system fails to clearly explain the risks of forex trading and fails to explain that little detail of having no stop loss within it’s logic. So I hope we all escaped from the ambush !

Anyway, thank you very much for stopping by and reading this review. If you would like to learn more about commercial and free automated trading systems I have traded and reviewed 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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