ForexIllusion.com Review

1.357 • 3 REVIEWS
Out of business
Updated: Apr 13, 2022

Website is down. Company appears to be out of business.

ForexIllusion.com
Out of business
1.357 • 3 REVIEWS

Recent User Reviews of ForexIllusion.com

A
Ahmad
Malaysia,
Aug 11, 2010,
Guest

Nothing happen at this moment after bought it near one month... hahahahahahha
D
David
Tasmania, Australia,
Jul 11, 2010,
Guest

I contacted these people on 3 occasions and have had no response. This alone is enough to convince me they are not sincere and honest people. This robot is all noise and no action. I have not witnessed a single trade yet. I am not sure if I have done something wrong in the installation, but without hearing from the maker I can only think the worst - another scam.
Like many out there I would love to be proved otherwise.
K
KR Brown
Kansas City,
Jul 11, 2010,
Guest

I purchased this EA on 7/5 and haven't had a trade yet. I'm running it on 2 different demo accounts. Won't put it on live until I can confirm it's profit or losses. Probably won't be using it at all. Asking for a refund.
H
hd1400
Sweden,
Jul 9, 2010,
Guest

Hmmm, well. I installed this EA on the 29th of June and haven't had one single trade !! After I installed it I got e-mails from others promoting this product, claiming this and that person made so and so much money with the EA in just one week and maybe they did, but it's kind of hard to confirm, as the robot doesn't make any trades at all, at least not on my demo accounts, yes that's accounts as I tryed it with three different brokers. I e-mailed the vendor about the fact that I didn't get any trades at all and so far, I didn't get any response from them !
G
Guy
Sydney,
Jul 3, 2010,
Guest

I only backtested this product over the last 12 months. Buyers should be aware that 'Forex Illusion' is a repackaged version of 'Forex Magic Bullet' as indicated by the trade identification labels. It carries very few trades (average of 1 per week) and makes most of its money if it lands on a few gaps in trading. Both products do not generate sufficient profits unless you buy the "Advantage" product, which again makes its profits on 1 or 2 lucky trades every year because of price gaps. A big disadvantage is the large drawdown of between 30 to 50% of your account! I don't know of any trader who can handle such a large drawdown which can last for up to one week.
B
Bill Halliday
USA,
Jul 1, 2010,
Guest

I got this EA on Tuesday the 29th and it Traded yesterday June 30th.

It made 3 trades, all winners. The EA set a Target of 400 Pips for each trade and closed on the stop losses of 1, 1, and 3 Pips. Total profit $10.10.

However something bothered me about this Robot: The comment area said that it was Forex Magic Bullet. Did they just rename the Magic Bullet EA and sell it as their own?

One other thing bothers me, too. The Forex Illusion and Forex Illusion Advanced have the same file size, making me think that they sold me the same EA twice and just told me to use a different time frame for the second copy.