We don't have any experience with the forex EA from Forex-Ai.com. If you have let this expert advisor trade forex for you, please leave a review.
2009-04-23 Update: The FPA has begun a performance test of this EA on a demo account.
Steven Zed, Australia
Rating:
Date of Post:
2008-12-19
Review:
I have received a copy of Forex-Ai Autotrader from Gary White http://forex-ai.com claiming to be a revolutionary new Forex Autotrader system that uses Artificial Intelligence.
There are a few of them around and they all have something in common. If you distribute the system to a lot of people and they are all trading based on that signal, the system eventually stops working, so I was pretty sceptical about this new “trading robot” as well.
It seems to be a pretty simple system at first, no indicators, just a detailed instruction manual on how to install the Expert Advisor for the MetaTrader4 platform and how to train the system every month.
Although I believe that only a couple of dozens of the Forex-Ai packages were given out for review, (so I don’t really know how well it performs when it is used in masses) it seems to me this system CAN work still when there are many of us using it.
Many beginner traders fail to realise that predicting price movements from the past price history itself will not work. The Forex-Ai system is uses EURUSD, Gold and Crude Oil prices as a minimum in the attempt to determine the price of EURUSD.
I have put a more detailed review on:
http://forex-ai-autotrader.blogspot.com/
Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all
investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in
foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you
should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign
exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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Disclaimer and Risk Warning. Please read.
Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Disclaimer All information posted on this website is of our opinion and the opinion of our visitors, and may not reflect the truth. Please use your own good judgment and seek advice from a qualified consultant, before believing and accepting any information posted on this website. We also reserve the right to remove, edit, move or close any post for any reason.
Advertisements Warning Advertisement links are displayed throughout the site. Some pages in the site may contain affiliate links for products. These advertisements and/or links do not reflect the opinion, endorsement, or concurrence of this website or affiliated parties. The FPA's reviews are never influenced by advertising. Some ads might contain potentially misleading and/or unbalanced claims and information that may fail to disclose risks and other important considerations involved in speculative trading.
Spammers be Warned If you spam the FPA's forums or reviews, we reserve the right to edit your post in any way we please to make fun of you. By spamming us, you agree to any edits we make and to take no legal or other actions against the FPA or its associates for anything we do to or with your spam.