We haven't tried the EA from ForexKnightRider.com. If you've let this software trade forex for you, please leave a review here.
Update: The FPA has begun a Performance Test of this EA on a demo acount.
Randy Churchill, Panama
Rating:
Date of Post:
2010-02-11
Review:
Have used the robot. Don't use it any longer. It only makes 6 pips per trade and takes a 60 pip lose on losing trades. And so one bad trade can wipe out ten good trades. I back tested the Knight Rider and in 2009 in had 65 trades in a row that were good. Was a good year. If you back test it though you will find it has a very bad equity curve and it is just not worth putting your capital on a roller coaster ride this volatile.
Randy
Joshua, Oklahoma City, OK
Rating:
Date of Post:
2010-01-05
Review:
Well you shouldn't need support on it. It's pretty straight forward on the installation. It's done 6 trades since 12-18-09 on a live account with Forex.com and all were positive. The first trade I scaled it down to 10% on their MM and it did a .6 trade for $36. The other 5 were at 20% MM and they did (3) 1.2 trades for $72 ea and (2) 1.3 for $78 ea in profit. I'm running a 200:1 Metatrader account. Good value thus far, but I don't know how bad a loss will be as of yet.
Michael, Atlanta, Ga
Rating:
No Rating
Date of Post:
2009-12-15
Review:
BEWARE! Since this EA was produce by the Forex Godfather team , which I had purchased and since received a refund for, due to non response for support. And subsequently receiving the info that Knight Rider was coming out, I decided to ask a question with the contact info with support for Night Rider. That was last week and still no response, although the sales web page specifically states they have superior support! It's all a bunch of c@#&p! It may well be a great EA but without support it sucks!!!!!!
Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all
investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in
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The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you
should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign
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Disclaimer and Risk Warning. Please read.
Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Disclaimer All information posted on this website is of our opinion and the opinion of our visitors, and may not reflect the truth. Please use your own good judgment and seek advice from a qualified consultant, before believing and accepting any information posted on this website. We also reserve the right to remove, edit, move or close any post for any reason.
Advertisements Warning Advertisement links are displayed throughout the site. Some pages in the site may contain affiliate links for products. These advertisements and/or links do not reflect the opinion, endorsement, or concurrence of this website or affiliated parties. The FPA's reviews are never influenced by advertising. Some ads might contain potentially misleading and/or unbalanced claims and information that may fail to disclose risks and other important considerations involved in speculative trading.
Spammers be Warned If you spam the FPA's forums or reviews, we reserve the right to edit your post in any way we please to make fun of you. By spamming us, you agree to any edits we make and to take no legal or other actions against the FPA or its associates for anything we do to or with your spam.