GBPBot.com by NextGenerationFxTrading.com Review

This EA does not perform. It is a RIP OFF Stay away from this company they are full of crap

I purchased GBPBOT for two months and have it installed for 3 weeks. It did not generate any trade for me. I thus in the process of refund.

No trades not worth the money, only thing I bought was this and the advanced programme, opened the flood gates to all the scammers touting forex x systems from here to Africa,thanks a bunch no such thing as client confidentiality Refund in progress.

Hi Robotusers,
After using successfully another trading robot I bought GBPBOT two weeks ago in an optimistic manner with high hopes and expectations.

Installed it successfully, smiley face and everything look ok. I set the original, GBPBOT parameters, but after two weeks it did not make any single trade at all.

I called for help from GBPBOT support team, received an urgent reply from them asking for some feedback from the journal. I told them to see uninit 5 failor many times, but finally initialization worked successfully, program was loaded. But even after no trade at all.

I have also tried to make backtest but it could not be run either. I do not want to make early judgements about the program, and let it run for some more weeks. But until now it seems a big disappointment.

Bill

uodate:

well - my first refund request was closed by the vendor - so i might ask harshly to refund or i will ask the FPA to put it on the suspected scam list.

2010-03-15 12:06PM No rating here is what i wrote in their discussion window :

S/L and T/P does not work at all on my demo accounts 30+ open positions on gbp/jpy each 0.58 lost of size - if you don't believe it i might post some links to photobucket screen shots here as well - same with max trades - it is a decimal number in the input - so what is a 1.25 number of trades ? and the manual is not explaining the magic number situation - decimal as well - if i trade all 3 strategies on 1 pair (manual says 1 - or should it be the same pair ???!!! ) that means i can have 9 charts opened on 3 pairs each trading a different strategy ??? please contact me via email stat to clarify the situation. Last but not least - there should be a comment line in both the active trade window as well as in the account statement like gbp adv (Timeframe)(Staregy)(Profit pips) - last one only in the account statement ;) - not commenting the trades might become a knock-out criterion for me !

guys - one trading cascade nearly doubled my demo equity - but it did not trigger the T/P so i might be worried about any S/L failure as well - if my communication with that vendor ends in a dead end i might go for a refund as well ...

i can not belive the gbpbot working for some peoples.this thing have never open a trade since i purchase it.and the back test do not open trades that when i know the gbpbot file was blank if it can not open test trades ,how in the world is going to open anykind of trade the peoples that reporting trades open might be with the company .even the gbbpbot that forex peace army have do not open trades ,because it is a blank file i think the owners do not know how to make a program like or they did not want to spend the money to have someone do it,easy scam when it alll over a lot peoples got scam by this

2010-03-11 06:09AM 1 Star it has not open a trade since i had it .i think it is a scam of some type.
still waiting for a trade none yet i see somebody say there GBPBOT was making a lot of sell trade. my forex autopilot was making a lot of sell trade the trend was moving up it got to -$300 AND came back to the sell line and went back up again to -$300 and came down to -$150 i close the trade my self because it start back up again then the autopilot robot open another sell trade while the trend was going up .i remove the forex auto pilot from the chart this is a live account.when i first set up the forex autopilot it made 4 trade all won then it got caught on that sell trade and lost out

I suspect this bot gotta do with the team behind USDBOT too.

I have bought their $7 special and then got the same upselling tactics that I have got from USDBOT. Then I need to create a member account in order to login, but after successfully got into my account... the EA is nowhere to be found.

I have just emailed their support and see what's next.

Hi, in two days with GBPBot original settings for GBPBot Advanced I made - 2249 pips with only two pairs. They recomended three pairs.
No support in "members area" etc..