We haven't tried the forex robot from ForexTorpedo.com. If you've let this EA trade forex for you, let us know if it sank the market or if it sank your account.
UPDATE: The FPA has begin a Performance Test of this EA on a demo account. Please click the link towards the upper left to follow the results.
Kenneth Nairne, Plymouth (UK)
Rating:
Date of Post:
2010-04-07
Review:
I wouldn't rate the fxtorpedo, I have just got my refund back for both the standard and the advance system.
I've ran it on both the demo and live account and i've lost money on both. I had to stop using it other wise i would have lost everything.
Not worth the money. I would advised anyone thinking obout buying this software not to bother, it's a waste of money.
Plus, I had to go through Clickbank and Paypal to get my money back. Customer service is ok until you try to complain about the software, they don't bother reply to your email. The only time i got a reply is when i told them if i didn't here from them within 24 hours, I was gonna submit a dispute with paypal, I got a reply then.
Anyway, I got my money back.
ahab, Austria
Rating:
No Rating
Date of Post:
2010-04-06
Review:
Hi, i am using the advanced system and it lost some 10 000 units on a 100 000 units demo account till now - at the moment i am not sure if i go for a refund.
i have received the same letter about the wrong lot size calculations - but no word if and when that error will be corrected - no reaction by the support team till now .
as described above - there is no revolutionary new technology in that EA and the upselled ones (advanced) behaves quite like the standard one it just adds up another pair so :( - take care folks ...
Kenneth Nairne, Plymouth (UK)
Rating:
No Rating
Date of Post:
2010-03-24
Review:
I purchase the Forex Torpedo on the 14th March 2010, I first set it up with my demo account to see how it perform. I must admit, I was impress with the demo ferformance, but I really want to see how well it perform live.
I went live aprox 12.oopm GMT London with a small deposit " of course I wasn't going to give then too much of my hard earned cash". Initially it started off very poor, I thought; here we go, I'm gonna lose everything. It started trading on Courency Pairs that was doing pretty poor on the market, so I wasn't impress.
However, in the past couple of days, things started to get better and I was crawling back some of my losses, and whilst I'm writing this I'm just a few pence away from my initial deposit.
Over all, the Forex Torpedo is performing pretty well, and I'm enjoying watching it at work. I won't, however, rate it just yet; I'll give it another week or so to see how well it perform and then i'll give it a rating.
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
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information that may fail to disclose risks and other important considerations involved in speculative trading.
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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.