The forex twister website starts with the usual hype regular expert advisor sellers/marketers want you to believe “a trader making thousands with 95% accuracy”. A totally misleading, useless phrase that does not help us understand anything about the trading system. Why is the accuracy even a factor ? many traders win less than 50% of the time, yet make a lot more than many automated trading systems that have a 90% accuracy. A 95% accuracy does not mean anything, you need to know your risk to reward ratio in order for that to have any meaning.
What do we have after this ? Some screen shots the author calls “undeniable proof”. What a joke. Anyone can make a screen shot that looks like that. I can open up 2 demo accounts, enter 10 longs on one, 10 shorts on the other and then in the end I’ll have one nice shot of 10 consecutive wins. That does not mean ANYTHING. Show us a live account with investor access with one year of trading and then we will start talking. The next thing we are presented with is just a regular backtesting report screen shot. Again, we can’t even look at the testing period ! Without live testing it is also totally worthless to look at these tests. We don’t know the time in which it was done, if it is live/back testing consistent, we cannot actually draw any conclusions about the profitability of the EA with this. Then we have pictures of trades that actually show a respectable risk to reward ratio however when you get the system (as I have read on forums while searching for other reviews) you actually find out that the risk to reward ratio is not 1:3 but actually 10:1, how misleading ! They show you pictures of trades which actually do not correspond to the actual risk to reward ratio of the actual EA.
This is perfectly in line with the results you see in backtests, a low TP of just 10-15 pips is very prone to backtesting one minute interpolation errors which justifies the high profitability of the backtests. Just yet another exploitation of the backtesting faults of metatrader 4. If the sellers of this system really want to show it is profitable then do a 10 year backtest and show live results that proof back/live testing consistency. What this people are doing is, in my opinion, the classic misleading, trash evidence approach so much enjoyed by EA sellers.
In the light of the lack of any reliable evidence to backup their claims and the deliberate effort to conceal information (such as backtesting dates, lot sizes traded, size of TP/SL on trades, etc) this expert advisor is NOT worth buying. If you are interested on reliable expert advisors and how you can achieve long term profitable trading using reliable automated trading solutions with sound trading strategies 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 !
