TarenForexEA.com Review

With this EA you are limited to one live and one demo account and you have to submit your broker and account number to get Taren to run. Then if you want to change accounts you have to resubmit a request with new account number. And it takes several requests and days to get this done. I asked for one change of my live account and the seller RayGravley refused to change it. Besides, it is a martingale and trades constantly, putting on bigger and bigger trades until there is nothing left. Keep far away from Ray Gravley and this bomb.

DO NOT BUY TAREN!!! The only contact is a guy named Ray Gravley. It takes days to get an answer from him. He even admitted that my emails to him went to his spam folder. He requires you to give your broker name and account number and you are limited to one live and one demo account. If you want to change accounts you have to email him with different account number and wait days for his response with a new file for and only for the new account. Initially I could not get the demo to run on my MB Trading account, I requested his help several times (it took many days) finally he told me it would not run on that broker and to put it on a different broker so I requested another change in demo account number which I got and ran it on my FXCM demo account. Initially I also had put the EA on my live FXCM account and it immediately ate up a chunk of money so I stopped it. Then after watching the demo actually make some profits over several days I wanted to put it on a live nano account and therefore requested an account change from FXCM to my nano account. He then informed me that I had too many changes (I never had previously changed my live account, only my demo account which as I said would not run on my MB Trading account) and he refused to change it again. So he has my brokers names and my two live account numbers which makes my concerned and I am stuck with using the EA on my FXCM live account and on one demo account and I will not put it on my big dollar live account. I wanted to see how it would do on a nano account but now I cannot change the account numbers. DO NOT DEAL WITH THIS GUY!! And besides the crappy non-service, the EA uses a martingale and will eventually eat up your entire account. I suppose the trick is to take out profits every so often before it crashes the account. I will continue to watch it on my demo. My advice again is STAY AWAY FROM THIS JERK! Besides, do you want to give your broker name and account number to some shady guy you don't know? I regret that I did. Now I want my money back (ha ha good luck with that!) or I want to run it live on my nano account. CAVEAT EMPTOR! There are many other EAs out there. Stay away from Taren and Ray Gravley! You have been warned.

I would have been fully satisfied with taren ea if ea become completly crazy opening lots with no control. Trying to contact support I receive no answer after 10 days. Poor support , poor ea control, stay away from this even if when it works correctly it gives amazing results.

This uses a grid/martingale strategy. You can get EAs like this and better for free. Don't waste your money on this garbage.

Today has cleared me my account of 6,000 dollars with the gbp/usd and eur/usd. Lots totally crazy. This EA is very dangerous and very bad. I recommend not to buy.
It is a martingale hard to control. Good luck with the trading.

Another update. After changing the lot size to .01 Taren opened a buy for 3.06. I give up.

2015-02-09 2Star I was told that you need at least $2500.00 to run ANY EA and the refund will not be granted since it's digital content.
I'm going to lower the lot, multiplier, and take profit amounts and see what happens.

2015-02-05 2Star AVOID THIS EA! I deposited $650.00 into my live account to test out this EA. 20 hours later I was forced to close all open trades saving the $108.91 that was left. I've written the developer and requested a refund. At least Cuzman got 5 days out of it.

I used this now in real and its impossible to use orginal settings on small deposits as 100$ to 600$ with orignal settings.

My advise to use for 100 to 600 $ settings like this: lots 0.01(for small under 600$) 0.02 lots for 600 and up. Use lot multipler= 0.13, take profit: 470, martin: NO, slippage: 2

I maked a backtest from april 2014 to today and it gives me drawdown 35% and profit factor 2.42 (start balance 600$ 4 april 2014, end today 1276$ profit. maked with dukascopy 99.9 % tickdata. spread: 1.4.

I also check it many times a day and end manually if profit on some. This because i never trust a single robot.

Im not owner of this Ea, I ask of settings from them but no answer till today.

It seems for me now to have 2 longer open trades and 4 other shorter trades.

I closed also big losses manually (also because of orginal settings) and small deposit.
I will update how it going on real acount at fxchoice.
I also have several other robots trade in same acount so perhapps its also make different when taren open possitions.

Why i vote bad is that no settings and answers from maker. Also it seems hard to get same trades as here at forexpeace acount

A runaway martingale. So bad that my micro account couldn't withstand the freight train. Very disappointed and so is my pocked as I dared to use this on my live account. This EA lasted in my account less than 5 trading days before it imploded.