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Overall Rating: (2.455)
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Total Reviews: 12
Last Updated: 2015-01-05
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FPA Review Moderation Team, USA

Rating: No Rating
Date of Post:2007-10-02
Review: We haven't tried the forex education resource by Adam Burgoyne. If you used it, please kindly submit your review.
Thanks from forex trading community!

Lilend, NY, USA

Date of Post:2012-09-20
Review: I like that the EA has excellent indicators that show trading knowledge.There are a lot of EA's that will give you nothing.The EA parameters are a little temperamental so be a little careful on the settings.
This system is just like a lot of the higher priced systems if you want to compare it to others.I have used the system for little over ten months now and I think the system is pretty acurate and consistent.Results show an average of 71% with a positive result.Don't get me wrong,the system has some need for improvements but what system doesn't need a upgrade or tweet once in a while.Overall the 5EMA's-Forex-Trading-System by Adam Burgoyne is an awesome system i have come to think.I see a lot of reviews that are negative, but i guess you could have the best trading system or trading course in the world and there still might be a downside for anybody that tries any kind of trading system.But i am pleased with 5EMA's-Forex-Trading-System.

George, Alabama USA

Date of Post:2009-05-31
Review: I too have tried this system and as a professional trader, I'm disappointed in it. Communication with Adam was a roller coaster.

Garry., UK

Date of Post:2008-10-21
Review: I canít believe the previous comments about this system ... I've been using it for over 9mths now and getting consistent results.
I've an average of 78% winners, so what the hell are you other guys following? Sure it took me a few weeks to get to grips with it, plus I use mt4 for the main signals then put the trade on using IGIndex which is a pain in the backside, but thatís my choice.

Sometimes I truly believe there are people out there trying to find this magic system through the cloud, if they look long enough theyíll find it.
Ask yourself how much youíve spent on systems over the past 12mths ? I bet more than youíve made using them.
Lock yourself in a room, get the manual out and read it Ö its not supposed to 100% mechanical, no good system is.

Itís a day trading system that I run whilst AT WORK, after an alert I view the setup and place the trade and thatís it.
Once you get used to sussing out the trades to steer clear from its easy.

Today Iíve had:
EURUSD : 2x trade total 93.
USDJPY : 1x trade total 106+ (still going)
USDCHF : 2x trade total 62.
GBPUSD : 1x trade total 568+ (still going)
AUDUSD : 2x trade total 56.

Apart from the trending GBPUSD, the above results are typical, is that bad ???? you tell me Öand I missed a few scalps as I said earlier I do work as well so cant be 100% on it.

My last comment comes from my own personal experience

Gwyndaf , UK

Date of Post:2008-09-25
Review: Another one I tried, total rubbish.

Will, UK

Date of Post:2008-04-01
Review: Request for a refund was met with excuses & evasion of issues that prevented me from using the system - I was told by Adam "...prove the system doesn't work & I'll give you your money back - if you can't prove it NO REFUND - these are the terms you accepted when you bought the system...." The website had a "100% Satisfaction or money back Guarantee " which he failed to uphold - I also had an email from an associate of his who had promoted his system - he had received numerous mails complaing at his involvement in reccomendeding the system by dissatified previous purchases - he was attempting to calm the waters - if I received his email before I bought, I would have never purchased as it was obvious there was mass dissatifaction from people all over the world his associate was trying to save face I think, but the damge had already been done - Avoid this scamster - he's an unethical, dishonourable scamster - not to be trusted.

Massimo, Italy

Date of Post:2008-03-22
Review: Don't invest anything in this course. The seller is kind and promptly refunded me. But you can freely find the same and better performing material searching on internet. Two stars only for quick refund and informative material for beginners.

Paul, Japan

Date of Post:2007-12-30
Review: I bought this system. It definitely provided a lot of information and the alerts for meta trader were nice, but the signals seemed to have no reason behind them and despite spending a lot of time trying to work out when they were actually effective, the price seemed to move in the opposite direction 50% of the time. Thus I can't really recommend it.

Pedro, Lisbon, Portugal

Date of Post:2007-12-26
Review: I strongly disagree with a previous review on this system. In my opinion this is a quite mechanical system which tells you when to enter and when to exit. You have 3 different exit methods, the 20 ema, the divergence, the trailing stop. So it tells you exactly when to enter and when to exit. Of course, you need a lot of self-discipline and to be coherent with the exit methodology which you are using. Definetely not a good system for the newbie. It has a huge potential (I caught >400 pips moves more than once) but I rather trade the breakouts than the pullbacks. Lastly I would say that if you dont know how to calculate support and resistance levels with accuracy forget about this system because it is useless without them. Price and customer support are good. For me this system is an asset.

2008-05-24 Update This is my 2nd review of this system, thus the system isnt good on long term and its not flexible enough to deal with fx market. However, I didnt regret the money I paid (I bought the advanced module) because the divergence indicators and divergence course are indeed worth the money (thanks to divergences I made some nice profits). So I keep my rating.

John, Canada

Date of Post:2007-12-22
Review: I like the fact that the EA came with indicators so you can gain some trading knowledge. I have bought other EA's that show you nothing. This system tries to get you trading with the trend. You can set some EA parameters yourself so you need to be careful. I have only used it for 2 weeks. I have some winning trades some losing. I didn't ask for my money back because what they give you I think is almost worth the $97.00. Some would disagree. I am still looking for a better system though.
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