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Hi there, then have you tried smartalgotrade?I received an email offering a forex robot to operate.
The company is called "Smart Algo Trade".
It sounds a lot this company, it's like "Algo Trade".
Does anyone know this company ? smartalgotrade.com/free-fx-robot/
Maybe this post had to move it to another thread.
Hi there, then have you tried smartalgotrade?
How much money did you lose?Yes
They are just a scam i signed up with one of the brokers on the site to get the free robot for 1 year and after i put the robot on my account the robot just open too many trades that just lost all of my account
I have installed their robot about two weeks ago and I lost about $2100 while I taking a shower when their robot failed to stop my trades when the market reversed and went bearish; it didn't even take sell positions as the market went down. I have notified them and sent them pictures, but they have been useless.
It's working great in the last three month for me in my Live Account and they are giving license also one month for Demo Account to understand the Robot.
I guess you put the robot on too many currency pairs in parallel with a little money.
Guys the most problem in Forex is leverage, you can't put $100 in your account and dream to make $1,000 per month.
I deposited $2000, I took trades and got a profit of $400 and I took another trades on Usdjpy and Gbpjpy then I lost $2100. The biggest problem with people at Smart Algo Trade they are arrogant and have no respect for other people, they don't want to listen when you talk to them, they always avoid answering the questions and refer to the manual. In one of the conversations I had with their consultant the guy said to me "you think you smart but don't know how the robot works". Personally I believe this is not how you talk to someone who is querying about the malfunctioning of your product.