ForexThor.com Review

I use Thor EA for 5 months and I’m fully satisfied with it. I’m wondering why here so negative reviews, but I have to say: they always will be. People more likely review when something goes wrong, than when everything runs good.

For those, who’s not happy with the system I only can regretfully notice: You need always to look to a user manual before you start to use any kind of the purchased goods.

The system is good when it is set and used properly (as everything you can buy, by the way). When you buy a TV, then insert there the wrong cable from a satellite antenna, it naturally doesn't work. So, the very same principle is here.

My results are: started with $ 500 account (don’t want to risk with more money at the beginning). For now, account balance is $ 674 (count that there was a period of more than a month without a single trade). 5 months of trading. Not so bad, I guess.

I am usually lazy to post such kind of reviews. But I must say that majority doesn't understand the entire concept of automated scalping. Basically, it goes like this: after a period of flat trading performance there is always a spike, and it goes in a repeating way. I have experienced such trading performance with other scalping strategies.
When I bought Thor trading system, I was aware of what to expect, and it does what it does with average 7-9% monthly. I really hope that my words are heard.

As I see the patience is a key characteristic of a successful trader. I also bought Thor II during ForexPeaceArmy sale. There was a really great period at the September – October and system already has paid for itself few times.

Then the “silent period” has come. Impatient traders decided that it no longer works and started to scream. Such guys will not succeed with any of EAs due to lack of patience.

While I was also disappointed by trading frequency, I understood that it’s caused by historic low volatility on the market.

Hopefully, market conditions are becoming better and already got +2% last Friday. Believe that Thor’s performance will be great Christmas present for me from Alexander.

Good morning:
Regarding your comment (Collins), that's a lie, I requested a refund on 10 and 15 the October , and you asked me a change of broker and patience. I hope you pay back the money because it is illegal what you're doing, you can prolong things and then not pay it back. Hope FPA note, and does not recommend this or any robot to sell this company. Because the previous reviews say similar things to me. This seems like a scam

I purchased the Garbage 3 months a go with only few trades with many losses.seeking for refund but all my effort to get my money back was proof abortive.I advice people to stay off from this Garbage

Very bad. I bought the 15/09/2012 for your page (FPA). I started using it with Hot forex, Currenex account (also VPS). I did not any operation. Send several emails and gave me generic solutions that did not work. I told them to see my desk and put them on my computer and saw that I was right. Then they said the problem was that HotForex not work well. I asked for a refund and was told to change the broker, use the broker that I sent them and I also ordered the VPS. (ArmadaMarkets and beeksfx), has only made bad trades, I have asked several times the money before and after the expiry of 60 days and no one has answered. Please I bought through your site, if possible, help me, because my opinion is currently true scam.

FPA Review Moderation Team Note: If you are having trouble getting a refund, we recommend contacting RegNow. They process the payments.

BUYER BEWARE - I purchased this EA on 11/07/2012; after spending two weeks of reviewing and testing, I decided not to pursue with the EA. On 11/20/2012 I emailed their support, explaining that I am not interested and per their 60 day money back guarantee, respectfully requesting a refund. They replied with a generic response, asking me to reconsider. I have since sent them 8 emails over a 5 day period, provided them with the Order Id #, etc which they asked for, and I have NOT had a single response or confirmation that my refund has been issued. This is looking like a scam. My next step is to go through my credit company and post my experience on all other trade and scam related sites.

I bought this EA during the FPA promotion offer, ran it on 2 live and 1 demo micro accounts of 3 different brokers including PrimeXM Prime (Armada Markets), the EA had made just one trade (result: loss) after a few weeks. Another few weeks passed by before EA made another two trades (result: small gain).

I have been using powerful PC and server hardware, big Internet line even signed-up with VPS service located in the same city as my broker's datacenter so I believe I can rule out these factors.

I am not satisfied with the EA and made request for refund last week. ForexThor support replied that volatility has been low and they are working on an updated version which will enable more currencies trade, but he did not say anything about my refund request. I disagreed with this as I believe the EURUSD volatility has been good enough in the last 6 weeks or so, and I insisted to have my purchase refunded.

As of this time of writing ForexThor Support has not replied yet despite my 3 e-mail reminders since last week.

Just recently bought this EA. I received everything as promised with all the bonuses as well which were really helpful to me since choosing the right broker and VPS are critical when using an EA such as this one. Also got helpful and timely responses from their helpdesk. I think the developer truly believes in their product because he is so involved...unlike many others who hide in the background. The EA hasnt actually traded for me yet but I'm not worried. I knew what I was getting into before I bought this EA. If you look at the backtests and even the forward tests you will see that the EA can be inactive for a while but will then make up for it when the times right. I also prefer this approach as compared to an EA which frequently trades even when market conditions are not right. If you take a look at other scalping eas which have tried trading in recent times you will also see that they have taken quite a beating in recent times.

I just read the previous comments and realized that most of the traders don’t have patience at all. I trade with Forex Thor almost for 90 days and got more than 20% up since. Of course, 1-2 weeks without trades are not great but, hey, it’s better than losses. My advice is to concentrate on a long run. It is great if the system can make 100% per annum. I don’t really care in few big leaps or in daily micro steps.