Best Forex Reviews

AsstModerator · (#1 (**permalink**))

I've gone on and on about how bad some of the reviews submitted to the FPA are in the Worst Forex Reviews thread.

Every now and then, there are some really great reviews. Some are well written. Some are very in depth. Some are incredibly funny. One came in a few days ago that was good enough to make me start this thread.

AsstModerator · (#2 (**permalink**))

This is the review that made me start this thread. It's well written, very detailed, and has a great suggestion at the end.

Quote:

I don't know what insane masochist would keep this EA running on a live account, I should be committed.

Additional information: Last night I added the EA to the GBPUSD pair. It immediately opened a sell position at a low, it moved into and hovered around a 4 PIP profitable position. Looked good. I came back an hour later, that same position was still open, and now in a loss position. It moved to a 32 PIP loss, and eventually recovered a bit. When it got down in the 10 PIP loss range, I manually closed it. It immediately reopened another sell position. This second position moved down and I manually closed it out with a 4 PIP profit. It immediately opened a third sell position.

I noticed that if I had left the original position, it also would have been profitable. Maybe I was being impatient and need to walk away and leave it alone....

I checked my account this morning, in horror, to see a loss over 100 PIP's. I checked my margin, it was on the edge, but decided to let it ride and see if it recovers. 20 minutes later I got an email that the position had closed. When I checked, it hit a margin call at a 232 PIP loss.

I suggest Forex Peace Army open a room for addicts. This is unhealthy, I've wiped out my account completely five times now. :)