Forex Expert Advisors : Forex Torpedo an Unbiased Review

I want to dedicate today’s post to the review of a new trading system which was requested by an Asirikuy member. This new trading system called Forex torpedo claims to be able to turn $2000 into more than $92,000 in a short period of time. As always this review will focus on the claims made by the author comparing them with the results and evidence found on the website. After doing a comparison I will be able to tell if the author’s claims are adequately backed up or if they are simply made up from insufficient evidence.I will also give my views about the long term profitability of the trading system and whether or not it is worth buying and testing.

As I said on the first paragraph the forex torpedo trading system has some pretty bold claims. It is very difficult to believe that any trading system would be able to turn $2000 into $92,000 in a year without either some extraordinarily high risk or through the use of simulations which are not accurate. Therefore it becomes vital to offer indisputable evidence when a trading system is said to have such high profit targets. It is extremely important to have live testing results with investor access or confirmed to have investor access by a reliable third party like myfxbook.

An analysis of the evidence provided on the website shows us that only back testing results are given. It is obvious that back testing results cannot be trusted without any live testing evidence due to the fact that they could have been made with hindsight or could have exploited any number of back testing faults. The absence of any live testing evidence which is verified by third parties tells us that the author of the trading system has some special reason not to show live testing results. It is evident that the author could have traded with $100 on a live micro account and have at least a few months of trading results. Why did the author avoid these testing ?

Furthermore back tests are awfully limited with only a year of results when they could’ve shown at least 10 years of back testing. Why are all these years missing ? Why would the author not show us the simulation results when he or she claims that the expert advisor is able to adapt to changes in market conditions ? It is evident that the author is partially hiding the trading system results, something which arises a lot of doubts regarding the expert’s profitability.

Since verified live testing results are not shown it is very difficult to know how the expert really trades. From the information given on images and limited partial statements shown -which are not verified- we would conclude that the system uses trend following to get into trades. However I am very skeptic about the trading system’s adaptability given the fact that the lot size traded is constant. Again, the overall lack of any evidence which can be analyzed to give us information about how the system would trade in real life, makes the posible analysis very limited.

Overall, the forex torpedo trading system seems to be nothing more than an over-hyped trading system with a lot of obviously intentionally lacking evidence. Again, it seems absurd to me that 10 year backtests plus a few months of third party verified live testing results are not shown when these results can be easily obtained for almost any trading system. Due to this huge lack of evidence I consider this trading system NOT worth buying or testing. If the author provides the 10 year backtests and at least 3 months of live testing (with a backtesting of the same period) to perform a back/live testing consistency analysis I will rewrite this review to take this new evidence into consideration. Meanwhile, I think that there must be very good reasons why no 10 year backtests or live trading results are shown. Remember that the burden of proof is always on the author NOT on your live accounts.

If you would like to learn more about the trading systems I have developed which have ten year backtests and live testing evidence and how you too can come up with your own long term profitable systems with reliable evidence of profitability please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !

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