ForexLexus.com Review

Well, my first review of this product was during a "short hot spell." The good ended quick and the stopp loss kept on comming.
I have tried and tried to give them another try based on "we have it fixed this time," just to be let down again.

I went from live account back to demo account and i'm glad i did, thinks seem to be getting worse.

I would move on from this one for the price.

2009-12-23 06:43AM 5 Stars I signed up with forexlexus two weeks ago. Had some trouble installing because they sent out 2 updates right after i signed up and I started to get lost. (screen shots would help with the on-line set up instructions.) On line support was fast and excellent. I asked alot of questions which I thought would drive them crazy but they emailed me through it. I have my settings set at the lowest risk and money management level but i'm testing with a live account, not a demo account. One of my first questions was what settings should I have so I don't burn through my money if I make an error. They set me up. so far I have had 15 trades, 14 positive, one for a small loss. it seems their stops are tight, but the take profit is also a bit tight. (and thats ok!)

So, two weeks in, I'm very happy. waiting until January 4th to start trading again and I plan on increasing the risk levels.

We get 4-5 EA's for the price of one, great email support, updates all the time, real stats.

I will update in 3-4 weeks but 5 stars so far!

Apart from the costly and could have been disasterous consquences of umpteen initial teething problems (which would not happen again, but did many times). The lexus products have an uncanny knack of buying at peaks and selling at troughs. The ultimate stop loss (200 pips) was been breached on a regular basis. I would take their posted results with a large pinch of salt, they were certainly not what I achieved.
Overall I would strongly advise to stay well clear.

i want to take back my review earlier on as its too early. too excited initially as i'm impressed by its no hype website but this bot hit 200pips stop loss again and again. all the dynamic stop loss bs not working at all! initally he said it was too fast within 5 mins . The second time i was watching the trade. It is a down trend yet the bot made a long position. I lost 3k+ with conversative settings.

Sorry Sotongking, i mistaken you. I read the instructions carefully and my account got wiped 3/4 too. This kinda sucks. He shouldnt be selling all these EAs. The best is still trading manually.

2010-02-17 5 Stars Malai, Thanks for your EA and help when i have difficulty getting the ID. I'm using it for about 3 weeks and have losses and wins. Initially when i started the live account i have few losses without wins but i trust the product and gave it a try because i have similar trade with demo account on their website and malai's website looks honest without those promises that can turn 1k into millions. Overall i'm satisfied with the product because its working . Its bringing me positive profits weekly. Another good thing is that the ea is hosted on his site, tweaking and updating is all on his side without touching anything. All i need to do is to set the risk factors on my side.

I guess sotongking didnt read instructions because i'm getting positive results.

THE GOOD (the only good): Lexus isn't hiding poor performance: http://www.myfxbook.com/members/lxalpari/lexxuslite/14708

THE BAD: (plenty of bad) Malai said to me in an email -200 pip stop loss is rare occurance, but it happened second week in a row today. GREAT performance for an EA that subscribers pay monthly subscription of $75 / month for.. For a subscription type EA, you would only expect that the EA would be continually updated and improved to market conditions and certainly prevent huge stop losses like this from repeating themselves.. I signed up a few weeks ago and got hit with the TWO -200 pip stop losses (-$1,000 to my account) and luckily I was in the process of switching brokers so I didn't get hit again.. I will not let this EA trade my account any longer until EA improves. So far, EA service proves to be like any other junk $99 EA... not a $75/ A MONTH SERVICE!! Very dissapointed.

You can read in the live discussion about MR sotonking's reputation and his integrity as he is trying to get charge-back after getting refund . And so does his allegations. He clearly doesn't understand what is money management!
Losses are common and so far it has only one loss that too in January volatility. Future Stats will speak for itself

All I can say is ..this EA and his creator is too good to be true. His indicator and algorithms had already start to fail today. All my manual indicator and forum experts already mentioned that the trade will be a short trade but the stupid EA and it's indicator opened up 2 similiar trades against the trend! This is totally uncalled for!

I was totally caught by surprised when it opened the trade. During December when his system kept failing and I didn't even profit much, I already wanted to cancel the renewal but that dam* thing was on auto renewal. Again, I was forced to use his system since I had paid. My drawdown is down like 80% at this moment and the EA did not stop it at all.

I seriously WILL NOT recommend anybody to pay USD199 monthly for this piece of junk! I was about to revert to manual trading forever before this junk open up such shit trade!

I have never seen a honest person like this EA vendor,
He answers email 24/7. Send us Wkly newsletters which will have only facts. Allthough FPA shows some stats, the vendor gives us 5 EAs for the price . He even gives us access to a bonus EA signal which makes up the subsription money . Worth the money paying to them . Overall I am in 20 %profit for last 6 weeks with them . Very happy customer!

I have tried many robots, but this one is special . Handsfree,no need to worry about market going down or up . This has been a consistant performer for me . I recommend it to anyone. Full marks!

I am proud user of the LexxusPRO. I have been using LexxusPRO for the last two months and I must it has by far been the best EA I have ever used!!

It may sound a little expensive ($200/month) but it makes this amount very easily and so far I am in good profit!

Also the support is outstanding!

Rob

What makes this EA different is:

1) Performance: Based on what I've seen in my account, the EA can do what it claims (10-20% profit per month). If you're looking to double your account in a month, this isn't for you. But it does produce respectable reproducible gains with modest drawdown.

2) The author stands behind the EA. He is constantly asking about performance in user accounts. He REALLY seems to care about his customers. There are model accounts set up so you can check what's going in your account versus his. There is a weekly user newsletter. In my experience support emails are answered immediately at any time I send them. When does he sleep??