ForexRipper.com Review

Hello, I am here to update the progress of Forex Ripper, I am absolutely astounded by the robots performance. A total of 7 winning trades now and NO losses making a total profit of $1,259.85 in 3 weeks. Following are the details of the trades.

Trade Stated Profit Currency Pair Pips Traded
25/03/2010 $187.63 usdjpy 35
25/03/2010 $188.35 usdjpy 35
24/03/2010 $189.09 usdjpy 35
24/03/2010 $189.85 usdjpy 35
24/03/2010 $190.61 usdjpy 35
19/03/2010 $168.00 eurusd 35
12/03/2010 $149.19 usdchf 35

I cant wait to see how this robot will perform in the future.

2010-03-23 5 Stars Hi to everyone that has put in a review I read them all. Well I have tried a few of the highly recommended robots including megadroid which does not work I have found that all the robots I have tried if they make a trade it is less then 10 pips a trade and I had decided that there was no such thing as a forex robot nothing was going to trade for me while I was at work. Then I received an email from Nick Lonbardi on yet another robot read it and researched it and thought looks good sounds good but I did not have faith in it. Well I bought it on the 6th March 2010 for $87 just like a previous review did and the advanced version and I also bought the manual version. The first week it traded nothing but when looking at the charts, forex was not doing anything either was just going sideways. Well the following week it made a trade on the 12th march 2010 and profited $149.19 usdchf pair, to my surprise now, no robot I have ever bought has made a profit like this. So I watched anxiously and it traded again on the 19th march 2010 and profited $168.00 eurusd pair and these trades were on one account and $3000 demo account and both trades were on the one hour time frame, the platform I use is MetaTrader 4 at Forex and took on the broker attached to the platform. I know the hype said it trades 3 to 4 times a day that has not been the case so far. But, So far I am impressed with this robot and will let it continue to trade and see what happens, will try a live account in 4 weeks but wont be using $3000 probably start it on a $500 account and see what happens. The manual system seems to be on the ball but you have to be watching the charts for the indicators which I dont have to time to do at the moment but it does show entry and exit points and is easy to install and understand the way it works. So far I recommend this robot and I will return in a few weeks to comment on any future robot trades. When I go live I will stay with the same platform and broker. Good luck if you follow on what I have done to see if you have the same performance I would love to hear how you go.

Loaded on 3 demo a/cs for 9 days - no trades,no replies to requests for support.
Woops, finally took a trade which lost and another trade currently about 17% in drawdown.
Doesn't appear to live up to blurb or promises of support at all.

The same with me - EA does't work :(( I backtested it and it produced only 3 trades for past 12 months 1 winner (+25 pips) and 2 losers (-75 each)!!!!!! This Nick Lombardi guy is definitely a fraud, he doesn't reply on e-mails, etc... tried with clickbank - no result too

update ....
2 weeks after buying/installing it today seems to be the day of miracles and wonders .... the ripp-off ;) software was triggered on one of my 5 demo accounts - and guess what - it is an ECN account !!! - in contrary what was written - told us about the bot !

only the ECN demo (NordMarkets) trades, alpari.uk, itfx, fxdd and fxcm accounts are still dead ....

the S/L as well as the T/P seem to be chosen much too far away from the price action - so seems like we have a long term position strategy built in this bot - if any ....

i keep u updated - please do the same ....

2010-03-10 1 Star Hello,

some working hypothesis : the more/harder a bot/product is advertised the higher the probability that it will NOT work as trumpeted/miss-advertised (advertising as a form of commonly tolerated lying ? )

now for the forex ripp-off bot :

well after sending 3 emails to that info@ link without any response - not even the typical auto-responder - i would like to ask if FPA could intervene on behalf of us - first it would be great to ask the vendor about trading behaviour of the bot - set an ultimatum like if it will not trade within x days we will take it off our testing area no reaction or unsubstantial comments like 'use that broker'- knock out !

Then inform Click Bank that they should automatically refund to all the customers that have been miss-lead with that product asap - if for any reason Click Bank states that they cannot do that please inform all your members about it stat and please publish both email communication between you and ripper.com (roflol) and clickbank on your site ....

cheers - Alex

2010-03-07 2 Stars hi,

i tried that piece of software as well - during the buying process there is a "one time offer" for an advanced system. Same thing here as Lynn from Mississippi criticized - no substantial information at all what makes that advanced version better (other that 2 statements and charts) - that should have tripped my inner alert bells. I stayed with the "basic" version and there was the next shock - on 4 different freshly opened demo accounts the software ran since tuesday without doing ANYTHING - no trades, or misstrades - simply nothing !

i even used 2 of the brokers that are shown in their so called live statements.

If there are problems with the refund or even the support for that program i tend to reduce my rating to 1 - it might het hard to proof a scam intention.

Please report any different (better) behavior of the software as soon as possible
Alex

Went against my better judgement and bought Forex Ripper. Sure enough, AFTER purchasing it the instructions says it does not work with ECN brokers which immediately cut out my brokers. I've had it a week and it has made zero trades. No response to support emails, but I still get all the spam about how great it is and how everybody else is now making thousands of dollars with it. Forex Ripper is a rip-off.

I boought the regular and advanced version. Put both versions with a 4 digit and 5 digit broker. I have had 0 trades and 0 response from their "customer service". Life is too short to mess with pinheads like this. I was wondering how a supposed big Wall Street type listed a New Zealand address in the fine print. It would be nice to pull back the curtain and find out who these types of scammers are. Maybe there would be less of them.

Only 1 trade triggered in 4 days and it was a loss. Applied for refund.

Same. No trades. No reply from several e-mails. No refund, yet.

I've had the ripper for over a week and still no trades.
I actually have both versions (the standard and the advanced one), and neither one has entered into any trades.
Backtesting shows very few trades during the past few months (about 1-2 a month).
I'm interested to find out when a trade is made. Please submit a review if you get one.

I asked for my refund and through clickbank and paypal I got my money back. I never got a single trade from the robot or a reply from support. Not even when I asked for the refund.

2010-03-08 No rating I installed the EA without problem.
I did not get any trades yet even if the promo says that I should have 2-3 trades a day.
Sent to support 3 emails but no response.
The bonus I got was a link for some videos (without sound) about how to install the EA without explaining (how could they?) the parameters. But not the promised bonuses.
Let's wait and see...