ForexMutant.com Review

One is born every minute and I was one, bought the product plus the upsell, all rubbish, giving oppisite major signals to market direction and giving buy and sell scalping signals every second both ways, would not recommend to anyone, save your money.

After all the hype decided to purchase. As so many others have stated, you were immediately moved to an upsell page. I purchased both the manual and advanced version. As soon as I applied to chart, signals signifying both buy and sell appeared almost for every tick. Couldn't get it to stop. Sent email to support. Took 2 weeks for reply with an email stating problem was resolved and to download new version. Same problem. Sent more emails to support, no response. Nothing. Finally just asked for refund. I would not recommend any products from this group. The whole time I was trying to resolve this issue, Lee or others from his group were sending emails trying to sell me other system. Seems the whole focus is sell as much as possible and support be damned.

I received an email to buy this product $97 and had a look at it seemed to be great. So I forgot about it over the holidays and then received another email offering the product at half price $47, I'll try that! filled in my credit card details and clicked buy now was directed to the download page and told to read the whole page, seems the advanced system that was advertised was another $97, that sent off alarm bells straight away, I clicked no thanks and then was offered the advanced system for $47 this is your last chance........ no thanks again, I downloaded the system, set it up in a demo account and it turns out that I got the advanced system anyway for my $47 . Glad I clicked the no buttton!
The signal FMS indicator was crap, gave both buy and sell signals at the same time with every tick of the chart, switched that off.
The "advanced system" set up on the charts, I could not believe my eyes, looking back its the Holy grail!!!
So started to demo test with the trend indicator and "DOT" signal telling me to buy at the close of the candle, set up my trade with no more than the recomended stop/loss, walked away from the pc and came back two hours later the "Dot" had moved down and was now under this hours candle, had been taken out or that trade, thought, well that one did not work out tried on many charts and trades over the week and the signals just keep repainting.
I don't know how anyone could trade with this system, to me it seems more like a collection of indicators collected together and sold as a trading system.
I am disappointed with this and will be contacting clickbank for a refund!

Please take particular note of B Units comment regarding inconsistent signally.

The software actively retrospectively replaces failed signals (a large proportion in my experience) to points which make performance look absolutely stunning.

This is not a reflection of reality, it is recidivism and basically qualifies as a scam as it purports to totally untrue performance.

I have sent several emails to LEE on this over the last two weeks but surprise surprise no answer.

The Forex Mutant FMS SIGNALS indicator is broken. It does not know how to detect the occurrence of a new bar, so it is unable to issue any buy/sell alerts. The logic is if Close < LL9 + 30% of (HH9 - LL9), then buy, and if Close > HH9 - 30% of (HH9 - LL9), then sell.

Complete and utter RUBBISH! So much hype for this, goes to show what good copy writing and affiliate promotions surrounded this. I have demoed and tried live and - The signals repaint like ZigZag. Worthless!!!!

These are my observations of the system, which I personally feel any uninformed customer should be aware of prior to considering this purchase:

* Deceptive marketing - it posts respectable icons such as CNN, CNBC, New York Times, FOX News, and then claims in smaller font within vicinity stating "Similar systems as SEEN IN"

* Non-transparency in statements - none of which display lot sizes or the currency pairs the system trades, which inhibits a potential customer to determine risk/rewards ratios or validity of those winning trades.

* Uninformed upselling - the 1st purchase of $97 isnt enough, it sends you to a second page asking for another $97 to get a hold of the "advanced" system. After you've carelessly coughed up more money, the site sends you to another page asking you for another $47 for a "manual trading system". Clicking NO to the additional purchases sends you to another page where a reduced price is offered. Its automated negotiation, and its highly annoying.

* Unrelated Bonuses - IMHO the creator is pumping you with bonuses to distract you from performing your due diligence on the systems quality. You get 4 e-books upon the purchase, none of which really assist you in using the system. I'd prefer 4 ebook manuals educating me on how to use the indicators and EA.

Non-structured instructions - besides being brief, the user guide for the "ADVANCED" system (which i find is the only useful system) quotes example trades with entry and exit point from thin air. Its as though they were plucked from arbitrary values on the chart. There are no formulas, no definitive calculation, and no sense whatsoever!

* Inconsistent signalling - the entry signals (dot points on the chart) are perfect when plotted on a historical data, but surprisingly do not plot so well on forward live periods. If you leave the EA to plot signals on a chart for a few hours, then restart the EA, you'll notice the signals change so the entry points look good again like magic!

With this system, I am left confused and unable to even attempt trades on a demo account. Be warned, Forex Mutant is not for beginners.

In saying all of the above, its not to say the system does not work. Its more commentary from a customers point of view, from purchase, to setup, to trading - the experience is less than exhaustive, and it does not appear to get any simpler.

This system gives me no confidence to ever enter the forex market with real money.

I have purchased the advanced program and have been less than satisfied. Even the 'alert' software, has plenty of bugs in it. The owner did release a new update to 'supposidly' resolve these issues, but as far as I can tell, it has not been solved. I have yet to hear back from their customer service, which states I should receive a reply in 48 hours or less.....6 days later, I am still waiting. The system is great about showing you 'past' alerts, but if you have to reload the template EVERY HOUR for this system to be accurate! So far, I am not pleased.

Well I have not used the EA portion of this program because of the huge sl to tp ratio, but the manual system that uses signals is the best thing I have ever seen! Normally I do not trade over the holidays but I demo tested this over the last three days and grew my account by 20% risking 5% per trade. I look forward to the new year with this system at least the manual part of it anyways.