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Ok, I try to be serious about Forex in general and about EAs and robots in particular.
So, I bought dozen of them to check in real time on both virtual and small live accounts.
I WOULD STRONGLY PROPOSE TO ALL POSTERS to follow same policy before posting initial sentiments.
Also, I like to compare results of different systems, as well as, against my own live trading.
First big conclusion:
No EA or robot IN LONG RUN was more successful than me and I’m not professional trader with 10,15, 30 years of experience, but also I’m not gambler.
Second big conclusion:
99,99% of e-mails we get for various systems are REALLY SCAM, don’t even believe they will make you rich, but for fairness of game, why not to test them (with money back guarantee).
Third big conclusion:
System cannot prove effectiveness in 1-2 days, it takes at least 1-2 weeks (don’t trade with big money) if not one month to make verdict. Anything else is hype and noise. Let us try to make this place CLEAN and FAIR. I would even suggest to admin to make one close part of forum where serious posters will exchange serious and true information among themself and help community of small Forex traders.
Fourth big conclusion:
I’ve NEVER, ever met IN PERSON small Joe who made lot of money on Forex and I met hundreds of guys who burnt thousands and MILLIONS (!!!) of family savings. Specially those who trusted robots. Also, I never got in touch with anyone who is really successful in FX for years (I know guy who after 2 very good years lost almost everything, due to confidence built by using one ‘particularly good’ system. On the other hand, gains are REALLY POSSIBLE, but requre combination of elements to work together. Simply using robot is one way road ALWAYS !!!
Grand summary
Robots and EA might be assistants, but not decision makers.
MRN or Forex Cash Bot is typical ridiculous proposal that doesn’t help at all. It makes mistakes and sometimes it hits. In 4 weeks I was around -3% of initial deposit (not too much indeed and it fits to statistic randomness), compared to +5,5% of average trading results without any robot.
It is proven WORTHLESS PURCHASE that requires immediate money back.
Same people bombs my e-mail with next 3,5, 10 NEW SYSTEM, they even don’t change marketing tactics, same words, same pressing and same NO RESULTS.
I think that Admin should add some (close part) functions where concrete users will report their REAL results and send summarized reports to authorities of US, UK etc. (there is some dept. in Governmental bodies that regulate and monitor frauds in financial sphere etc.). I’m sure they will find criminal activities on spreading suspecting quality services all over Internet.