CurrencyStrengthRobot.com Review

1.377 • 23 REVIEWS
Out of business Henry Liu
Updated: Apr 13, 2022

Henry's other websites include NewsProfiteer.com, ForexNewsTradingAcademy.com and 10K21MM.com.

Website is down.

CurrencyStrengthRobot.com
Out of business
1.377 • 23 REVIEWS

Recent User Reviews of CurrencyStrengthRobot.com

A
allen
, Japan,
Dec 12, 2012,
Guest

Does anyone know if the CSR is still running? I had to work "VERY" long and hard to get it to run as I don't have a "24/7" computer to run it on so it had to be through a VPS. When I finally got it running, it ran for one month, only about 10 trades in the entire month, lost about 10% of the account, and then stopped. I didn't stop it, it just stopped. I forgot to check on it, and I was billed for another few months after that even though the CSR had stopped completely after one month. Then, the billing stopped. I didn't stop that either. It just stopped. Now I'd like some answers, and I can "NOT" get any response from any email I send to any of Henry Liu's sites, not even the one I sent hundreds or more to. QUESTION: Does anyone know if this "CSR" program is still open for business? Still billing anyone anywhere? Is Henry Liu still alive? The "support desk" website is nonfunctional. The "send a message to support" pop~up window is nonfunctional. All I can say is, for anyone anywhere who has sent any money to this at all, you've sent your money to the wrong place, guaranteed. If anyone is still being billed for this program, are you having positive results? I don't think so. If you are, please tell us, honestly and with clear details. Otherwise, I can only recommend that everyone everywhere stop giving even one cent to Henry Liu for anything at all, permanently. Oh and Henry Liu if you read this, could you explain what happened to the support desk for CSR? Why is there "no way" whatsoever to get any response in regard to questions about your programs after paying hundreds or more? A complete waste of any money you send him, that is my vote. If he can trade, let him try to make a living off of trading, rather than off of your money you give him for trading~related scams that won't even return emails.
N
Newb
US,
Sep 20, 2011,
Guest

I've never posted anything before but I have also never been cheated out of my money before either. I placed too much trust in a guy called Henry who lied about how he would trade, blew up my account, sent out a few fluffy emails giving away a CSR EA for free getting me to stay on the program longer giving him a second chance, put in more money to get back on track quicker, and he blew up my account again. Is there anyway to get this guy to pay for what he's doing. The program was an agreement to trade using a SignalCopy that would NEVER risk more than 8% per trade, which he did no adhere to. I have saved the video of him saying this. Makes me cringe now when he talks about the measures he takes to insure the account won't blow up. I would love nothing more than to sue the pants of this guy and am thinking if there are enough people in the same boat, we might be able to make something happen, or at the very least get this guy's on as many people's radars as possible so he doesn't scam anymore people out of there money.
D
dkami
Australia,
Jun 30, 2011,
Guest

After 3mths this robot (Henrys trades) still hasn't made any profit only one person has made money from this rubbish and the SCAMER of the month goes to Henry LIE

Congratulations Henry Lie you truly have no soul

"Henry Lie runs off this site newbies must be warned"

2011-05-26 1Star Another month gone by and you guessed it only one person made money of this robot Henry lie
With $1100.00 down from starting balance and more than 1500 pips in floating loss not to mention the swap building up on the 4 short AUDCAD trades this would have to be the worst robot ever made if in fact this is a robot putting on these bad trades which i very much doubt it to me i have no doubt its Henry Lie putting on all these bad trades and the robot is nothing more than another SCAM from Henry Lie

So for second mths running the SCAMER OF THE MONTH goes to Henry Lie

Congratulations Henry Lie you truly have no soul

P.S. WARNING STAY AWAY FROM HENRY LIE HE IS NOTHING MORE THAN A CON-MAN AND NEITHER HENRY OR HIS ROBOT CAN TRADE FOR S***

2011-04-27 1 Star well here are the results from my $5000.00 demo account after 1 month of running this robot
Profit $0.00
Losses -$1690.67
Floating losses -$437.36
Henrys fee -$72.00 AUD

Verdict = Only one person made money of this robot this month and the contestant winner for SCAMMER of the month goes to Henry Lie

Congratulation's Henry you truly have no soul

2011-04-14 Well i canceled my subscription to the 10k program then Henry released this robot so i payed another months subs just to see how well this robot works for myself
I opened a MT4 demo account with AxisTrader and same starting balance as Henry 5k.AxisTrader does not have all the NZD pairs so my account looks a lot different than Henry's and i have never used MT4 platform so i have taken a few trades to work out lot sizes,swap and so on
Henry's account now is $5408.00 with a floating loss of about $600.00(he does have a GBPNZD open and AxisTrader doesn't have this pair so i don't have exact figure)I added up what profit this robot has made on my account and its about $75.00 all up with a balance of $5498.00
This robot reminds me of the 10kto1mm trades and i think we all know how that's going a(10k balance with a -5k floating loss after 8mths)
I'll keep this robot going on demo for the rest of the month then I'm out for good there is not a hope in hell i would run this crap on a live account it has 5 short trades on the audusd all in the red
This robot was meant to work off the currency strength meter but it does the exact opposite the 10kto1mm trade signals were meant to be prenews trades but Henry still hasn't given one in 8mths Henrys nothing more than a con-man and neither Henry lie or his robot can trade for shit so unless you are a blow fly and like s*** STAY AWAY FROM THIS HENRY LIE
J
Joshua
Sydney,
Jun 26, 2011,
Guest

I understand Henry's explanation about the fact that his robot is a "long term" investment, but I can tell you first hand after having this EA running constantly for 3 months on a $40k account at the default settings, my balance is now at $18k.

The risk to reward ratio is way off balance, the money management just doesn't work (if there is any) and the supposed changes to the EA due out last week either didn't happen or failed to change anything (the last 2 trades were losers). In any case this is just a report of the facts.

I have followed Henry's trading system in the past an it has been quite good and his course is very informative but now he's risked his reputation on a very bad performing EA.

So please stay away for your own sake.
F
frank
hungary,
Jun 2, 2011,
Guest

hi all, specially Henry Liu (i hope u checking the comments), i tried the 1k to 1m but after keep loosing i decide to cancel, i give a try for CSR and the first week was ok, but after i realzed all the trades based on go against the trend, i strat to have a huge DD, i decide to take off the EA and managed the trade myself, luckly i got get out in 0 but all my friend who has signed up they still sitting in big DD. im using my own currency meter and it gave me just opposit entry what HL was giving out, i think the idea is ok, just has to open opposite trades coz this guys belives he can change the trend and he beleives his word has the same power as Trichet speak. his trades based more on luck the to know how to trade and he has a good marketing for that. it is such a shame that guys still can run his business, i think he never made any money with his trading...i would give him 5 star that how he makes money without to know how to trade...
R
Robin
Adelaide, Australia,
Jun 1, 2011,
Guest

Currency Strength Robot

I bought this robot from Henry Liu because I thought he was an expert trader - otherwise why would Forex Peace Army employ him as an expert consultant for forex trading.

I installed the robot and used the lowest risk setting possible 0.01 of a lot size.

Very quickly my account was in margin call and I had to add to the account to avoid getting closed out.

In less than 30 days the account had been pretty well wiped out. The trades made by the robot had huge stop loss levels and took trades that seemed to me to be wrong.

I asked for my money back and for the losses I had made using the robot. My purchase price for the robot was refunded but not my losses.

My advice to all Forex Peace Army members is "Do not touch Currency Strength Robot with a forty foot barge pole"

Henry Liu may be OK for general advice on news-trading but his robot is a dangerous trading account destroyer
R
Ron
Canada,
May 22, 2011,
Guest

(re-post so this can be submitted as a scam for investigation from
http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/15041-henry-liu-scam-2.html)

Felix I appreciate your response to peoples concerns, but it doesn't change the premise upon which this was product was distributed.

A new method of utilising the Currency Strength Meter that a trader was able to produce $1M in a very short time. Henry goes into great detail describing this alleged phone call with this mystery person where a new ‘method’ is discovered.

The robot is advertised to be based upon this new method and giving people the hope that they can make significant gains in a short period.

I believe there is no mystery trader who turned made the $1M in a short time based on the CSM using some 'unknown method' and that there was no phone conversation. This is just a made up story to get subscribers and sell the product... If not, then reveal the unknown method; show us the statements from this trader and explain the methodology as it is based upon the CSM.

Other things that don't add up:
The comments were locked on the CSR website BEFORE the CSR was released.

The statements of the robot create such a draw down that very few people could withstand that with their account sizes. This can be seen by the statement on the website (attached). Surely someone who knows anything about trading knows to minimise draw down. It is a fairly safe bet that anyone who is subscribing to this CSR does not have enough knowledge or confidence to trade by themselves otherwise they would not need this at all. These are the same people who least can afford massive drawdowns. This robot just blows up accounts.

If Henry knew anything about his followers he would know they cannot sustain a robot like this. Even if (and this is a very big 'IF') the robot was actually making the right trades, the peoples accounts would have been blown up before they could benefit from the trend adjustment to get back to even. If the robot 'knows' what should be happening, why not just enter at that point? Why have any draw down at all? Henry has presented this as the Holy Grail, this is deception.

This CSR is nothing but an account killer.

I haven't calculated the returns as a percentage based on the figures Henry quotes in his videos but the number is a large percentage figure within his stated time period. (The mystery traders starting account up to the stated $1M). Henry has set the expectation of high percentage returns based on this 'unknown method' within a short time frame.

Later in a response on the below review link, Henry is stating that an account must be built slowly over time (). Well, this is not how Henry has presented this robot in his marketing. This is not the expectation he has set with potential subscribers from the outset.

Other quotes from Henry:
[url=http://www.forexpeacearmy.com/public/review/currencystrengthrobot.com?page=1]Currency Strength Robot | CurrencyStrengthRobot.com reviews and ratings by Forex Peace Army[/url]

Quote:

I just want to leave a quick feedback and explain a little bit on what CSR is about. I think one of the most important and difficult task for automated trading systems is to differentiate between noises and trend. CSR is design to follow the trend and not the noise. As explained in the intro video, there is the 3-days look back factor which protects our account, along with active monitoring.

Quote:

It could have about 4 positions, depending of course on whether or not it is doing cost averaging. However, this is where “active monitoring” comes in handy, as I will manage the EA to behave correctly.

Cost averaging... doesn't sound good... How many positions does it actually open?

Quote:

Based on the strength of the market in the last few days and active monitoring of the EA, there is a recovery option that adds to the position. However, as soon as the trend changes, it would take losses. I trade US brokers with 50:1 leverage and I do not have any problems when targeting 5% to 10% gains a month.


Quote:

I will get to the prices in the next video. The different lot sizes are based on different internal strategy. I can’t say any more

'Martingale' is the word you are looking for...


Quote:

I am simply showing what the robot can do when adjusted to take higher risk in the statement. As far as consistent return, I believe CSR should be able to generate at least 5% per month. I think 5% is great if you are treating this like a retirement fund.

That's not what you lead people to believe in the videos...


Quote:

The robot is designed to make small profits on a consistent basis. However, for more information on the drawdown, please watch the Q&A video.

Small profits... after massive drawdown. Hang on, but doesn't the CSR follow the trend? Why exit after small profits? Sounds like cutting profits short and letting losers run to me.


Quote:

stops are internal hidden stops, it is not shown here in the statement but monitored by CSR.

Stops are hidden internal stops... they're called 'Margin Calls', you may have heard of them.

-In reference to a question about 500 pip SL:


Quote:

It may seem that way, but because I monitor it actively, I NEVER let the trade get that far.
The EA has a recovery routine build it, and it needs plenty of room, remember sometimes you have to give enough room… this is where my knowledge of the market comes in, a different perspective from a strictly mathematical or programming point of view.

Thank heavens for Henry's market knowledge, now everyone can be secure in the knowledge their SL is protected by a margin call ensuring the SL is never hit.


Quote:

No this EA is based solely on the principles of the currency strength meter and not on any other technical indicators.


Henry says he was able to make 100K in three months. The statement he shows is not complete and its from 2008 but it looks like at least 75K of that is just a deposit (attached). Notice this there is no activity before or after the three months in the actual statement posted.

Things just don't add up with Henry. Something is not right. It appears as though he is misrepresenting his trading capabilities and he has certainly misrepresented the CSR.

I know we're coming down hard on Henry, but this is simply not acceptable and cannot be tolerated. Especially, and I can't state that strongly enough, that he is affiliated with FPA, a site that by its very core was created to eliminate this sort of thing.

Henry by taking this course of action is in violation of the very principles that FPA stands for.

This is no 'little white lie' here. He has made up a story as the premise of creating the robot, executed a marketing campaign, had reviews written before its release, domains purchased, a website created, payment infrastructure setup, back testing done (he must have been aware of the account exposure and low R:R that would ultimately lead anyone’s account to failure over the long term… if he could not see that then he should not be teaching anyone anything). To sell all this to subscribers is all pre-conceived and quite the undertaking. Henry, better than most should know there is no magic EA, no magic system. How can Henry under any good concious sell any EA? If Henry is any educator at all, HE should be the one saying to others not to bother with EA's, Signal Providers, etc, and teaching people the correct way to trade.

The very fact the he as an educator is putting faith in an EA makes me question whether he should be a financial educator at all and I would suggest the FPA look for someone with a less questionable record to represent them. He has lost all credibility with me, that is for sure.

I personally am disgusted about this scenario and feel bad for the people who have lost money.

Although his education has been helpful to people, Henry has crossed the line here, here has gone too far into the realm of scammer. He has hurt his own credibility probably to the point that people will not take much of what he says with regards to trading seriously. We have now seen him in action, and it’s not good. He has hurt people and their accounts… and charged them for it. This is all based on the premise of a new method of interpreting the CSM and the ability to create exponential returns.

Henry holds a position where certain standards of morals and conduct are expected. This simply cannot be let slide without thorough investigation and appropriate action. He must answer to this.

Here are some others reviews on the CSR.
[url=http://www.forexpeacearmy.com/public/review/currencystrengthrobot.com]Currency Strength Robot | CurrencyStrengthRobot.com reviews and ratings by Forex Peace Army[/url]

[url=http://www.forexmachines.com/reviews/currency-strength-robot/]Currency Strength Robot – Real User Reviews : Reviews @ Forex Machines[/url]
[url=http://www.forexfbi.com/forex-robots/currency-strength-robot-review-and-discussion/]Currency Strength Robot Review And Discussion[/url]
[url=http://forexrobotnation.com/currency-strength-robot-forex-trading-reviews/]Currency Strength Robot | Forex Trading Reviews[/url]

I will post this in the CSR review so it can be investigated as you have suggested.

2011-05-01 1 Star You have to be suspicious of everyone who is selling robots. Even if they are leveraging their existing reputation (in this case Henry) to sell you one.

Lets call a spade a spade, the bottom line is money. You want to make money, and Henry and others like him also want to make money. You're willing to spend money to compensate for lack of knowledge or some other element that is limiting your success and these guys are happy to take advantage of your 'need' and sell you the 'magic formula' which will supposedly do it for you. Only after the fact you realise you were scammed.

Yes, Henry is scamming you. Wake up people, to him and everyone else that is trying to sell you a robot or magic system.

His hook is this mystery million dollar trader who called him and turned 10,000 into 1Million using his software. Only this is a lie. This is what sucks you in, you wanted to know what the system was to do it and clicked his 'view the latest video' button to see the system. There is no video, its a link to buy is BS robot.

(http://www.currencystrengthmeter.com/) - go on, click video 5 for the next trick! (The real trick is this, watch Henry take 1 Million dollars of his followers by selling a robot that will lose all their money for them.)

I looked at his robot out of interest (I don't use robots) but could see straight away it was a disaster. Could you see it? Why not? He posted the back-test information there on the website for you and all you had to do was interperet it. (http://www.currencystrengthrobot.com/launch/). It was clear that it was going to fail! If you couldn't see it was going to fail that means a) you didn't interperet the data, b) didn't know how to interperet the data.

Now lets be honest, how many people looked at the pretty graph and the 'net profit' figure and was ready to throw money at Henry for this amazing system! You only

have to look at the comments to see how many people couldn't wait for it and were asking how much it cost and when it would be released. This is why people lose money in the markets. They need to wise up.

Lets analyse Henry's robot from data provided so you can see how bad it is. This is a basic analysis but it tells a lot. If you are a robot type person then you should do something like this to all the back test reports that are in front of you. Don't just look at the graph and net profit figure and throw your money at the sales guy.

1) Go to Henry's page (http://www.currencystrengthrobot.com/launch/) and copy all the data into an excel spreadsheet. Copy from the first line with the headings "Ticket, Open Time, Type, Size etc" all the way down to the line ending with "Floating P/L: -8 951.03" just above the graph.

2) We are going to see what kind of stops Henry uses. Lets create a new column for the "Stop loss limit". This is where the trade will be stopped out automatically at a loss. Copy this forumula in and paste it all the way down '=IF(C2="buy",F2-G2,G2-F2)'. This formula says - if the order is a 'buy' then calculate the stop loss limit as 'Price minus the Stop Loss'. If the order is a 'Sell' then to calculate the stop loss limit as 'Stop Loss minus Price'.

Positive numbers are a Long trade, Negative numbers are a Short trade. There are some cancelled orders and deposits in there you will have to tidy up.

You will also note that there are a number of orders, quite a few infact, that have no stop loss. Very, very bad.


3) Lets create new colum for "Profit Target". This is where the trade will be stopped out automatically with profit. Copy this formula in and paste it all the way down '=IF(C2="buy",H2-F2,F2-H2)'. This formula says - if the order is a 'buy' then calculate the profit target as 'take profit minus price'. If the order is a 'sell' then calculate the profit target as 'price minus take profit'.


4) Now we have to do some data cleansing.
i)For the cancelled orders and deposits, delete the values in the two new colums.
ii)For the orders that have no stop loss, delete the results from the two new columns you created and highlight those rows in red. Red means very bad. I.e. there was a trade taken with no stop loss.


5) We are going to add a third column for Reward v Risk ratio. Copy and paste this formula into the new column '=P2/O2'. This formula divides the new profit target column by the new stop loss column giving us a reward:risk ratio. The number in the cell is the reward. So interperate it like this "[result]:1". Meaning you are expecting [result] for every 1 you risk. 2 or above is acceptable, less than that is questionable as you have to have an extremely accurate system to be profitable.

Basically the higher above 2 the better.

You can see from all the red lines, that there are lots of trades with no stop loss exposing your entire account. You can also see that the reward v risk ratio is extremely poor. This is a losing system over the long term.

Now what about those trades with no stop loss and no target, are they manual trades? What about the open trades at the bottom of the results, are they manual trades too? Why would you be making manual trades on this account Henry? (As admitted in his own comments below the back test report). How can a consumer evaluate the robot if you are interfeering with its results? Which trades are yours and which ones are the robots? Are your trades the ones with no stop loss? Or is the robot poorly programmed and in some cases does not use a stop loss?

Lets now look at the current open trades (down the bottom of the results). WOW!!! That Henry is EXACTLY why you need stop losses. The date now is 1 May 2011, have you finally closed off those AUD/USD trades? Or are you still fighting the market? With a total of 30 Lots in those trades this is $30 per pip these trades are moving against you with no stop loss. I'm giving you the benefit of the doubt that you closed the two AUD/USD trades while still in profit. Are you waiting for the market to turn without accepting a loss? The current AUD/USD prices is $1.0972 so just how many pips has it moved now without returning to those levels?

Well lets take your first trade entered at 0.9632 with 10 lots. At the time of your results, the trade is over 200 pips against you with $2000 loss and you still haven't closed the trade. At that point this one entry is 5% of the total account (bad money management) and still open, when is it going to close? Since there is no stop loss, I assume it is still open as the pair has not returned to those levels yet for you to close out to recover. From .9632 to 1.0972 is about 1340 pips at $10/pip = $13400 down on one entry due to no stop loss. And due to the difference in interest rates, you are losing on the carry trade too. But you or the robot did it 3 times on the one currency! The market has not turned yet. I would be curious if these are still open Henry or when those positions where closed.

You have done the same with the USD/CAD... 4 times, trying to fight the market without accepting a loss. Again the CAD hasn't returned and you are $40/pip on the wrong side of the trade without closing it out. The carry trade here is also working against you.

I haven't bothered looking at the other open trades or even going into further analysis of the closed trades to see what the draw down or max stop losses were on those or how price behaved within those trades compared to what the trade was intended. Those trades might have stop losses and some might even have been profitable, but we can see from the reward v risk, and lack of stop losses that the whole trading system is way out of balance. I've seen more than enough.

Lets also take a look at Henry's video where he boasts $100,000 profit in three months. This is supposed to add credibility to Henry as a trader. Look more closely and you will see he is simply moving money into an account. To increase the bottom number, these are not profits from trading.

Henry is not your friend, he is like all the other snake oil salesmen using whatever tactics he can to get your money. Sucking you in with this mystery $1 million dollar system, falsely representing his trading account statement, leveraging his existing notoriety, his affiliation with FPA, interfeering with the operation of the robots trades and making his own trades, selling a robot that he knows is no good and presenting it to be profitable. The fact that he is a contributor and sponsor of FPA is very ironic proving you cannot trust anyone.

I'm calling on you Henry to return everyone's money for this robot. They have trusted you and you have taken advantage of them. You are not honorable, nor have you behaved ethicly, you are no different to anyone else trying to take advantage of people who are new to the forex industry.

I would also call on FPA to mark Henry's robot as a scam and remove Henry's status with the FPA to a general member. This is not acceptable especially for someone in his position with FPA. I have not read his education material so it may have valuable substance, but in the case of his robot, it is deceitful and the fact that he has followed through with this marketing and sales campaign to take advantage of people is discraceful.

The only honourable thing Henry can do is return everyone's money who has purchased your robot and remove it from sale and focus on trying to educate people without ripping them off.

I would love for others to post their results if they have or have not received their money back from Henry.
P
Peter
Sydney,
May 17, 2011,
Guest

Same poor result from the CSR achieved here, unfortunately on a live a/c. That's the second HL product I've used with disastrous results. I didn't go for refunds as I reasoned the association between the marketer and FPA would in some way ensure that such disastrous results wouldn't occur and just needed more time for forecast performance to kick in. Further reinforcement that EA's, Robots and Signal Services perform to demolish your a/c.
A
alvin050
Singapore,
May 9, 2011,
Guest

I think it's high time Henry posts an explanation in FPA to explain the performance and dismal handling of CSR and 10Kto1MM. After all, it's not like he doesn't visit this website.
S
Salt Cafe
Australia,
May 7, 2011,
Guest

I'll let the numbers tell the story ... they do it best.

http://saltcafe.mt4stats.com

I pulled the plug after running this for close to the 30 days demo period. I did request a refund and it was promptly refunded.