ForexProfitHunter.com Review

Agree with Ken Long's post. I purchased this EA from Hunter and it lost $2,400 in six weeks on a demo account. I emailed them and they asked me to switch to another MT4 broker (the same one they recommended) and it lost over $3,500 in a 3 week period. They take about 1-2 weeks to respond to emails, then try weasel out of the guarantee. Fortunately ClickBank has already processed my refund. Stay away from these people.

Forex Profit Hunter,

This robot is reviewed on the forex-systems-reviews.com site. Unfortunately I dint realize that before I bought it.

All my e-mails were answered promptly and inteligently. So I took a chance on them. In spite of the fact that their web site looks like a scam.

The robot I recieved isnt even the robot featured on the web site. I went through there posted results and theres no comparision, they are totaly different robots. Further the bonus robot that they included is just a clone of the free macd robot that I believe comes with Meta Trader. It seems that all this company does is make cheap clones of other peoples software, or free software, and resell them. The review on forex-systems-reviews said their robot was a clone of the AutoPilot. The robot I recieved was designed to trade news releases with a straddle order, and the robot whos results were featured on their web site was some sort of a trend trading robot.

Beware, the people seem very nice and helpful, and are full of promised results. In fact their robot did produce an 83% win rate, over a 1 year backtest, but it made very little money. All the losses were more than twice the size of the wins. Further it made my whole computer slow down when it started to run its program.

What it does is, at a preset time, 12:00 Meta Trader time, it opens a straddle 30 pips above and below the price, with a 30 pip stop, that converts to a 15 pip trailing stop at breakeven, and a 60 pip target. It trails this straddle waiting for a signal, sometimes for hours and hours, updating the straddle every minute, way past any listed news releases, sometimes for multiple days in the backtest. This is a huge power sucking program.

Most of its gains were stop outs in the area of 2-10 pips, while most of its losses were for the full 30 pips. The end results were positive, but not enough to make this a workable robot. It could perhaps be used by a good discresionary trader, to trade specific news releases, but not as an auto run program.

I have already contacted clickbank to claim my refund.