A first look at their website reveals that they are targeting the easiest prey : new forex retail traders which don’t know nothing about automated trading systems and are looking for a fast way to increase their capital. The website makes absurd claims, making excessive amounts of money from very small initial investments. To me, this site is completely unethical. It never explains the risks of forex trading (oh yes, they do have the disclaimer at the end of their page in font size 2), the unreliability of backtests, etc.
Now, to add insult to injury, they do not show any realiable evidence of their claims. Their best evidence is a backtest which I can beforehand say is a consequence of one minute interpolation errors. In fact, all backstests that show this type of profit are an exploit of backtesting failures (that is my experience until now). This website treats us like we really don’t have the slighest idea of what we are doing and are not even intelligent enough to look for live testing information. This expert advisor is light years away from being worth buying. I would expect at least, as with any other expert, live account statements with investor access.
Again, I am very glad I can express my opinions on these ea sellers who try to sell us systems that are unproven and that will most likely wipe out our trading accounts. They should treat us like investors and not like lottery ticket buyers. Tell us the reward, the risks, the reality, please don’t insult our intelligence.
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