ProForexRobot.com Review

I have been using this EA for last 6 months or so on demo account for first two months and then on real account. I must say that it has been going well for me. What I have done is rather than using built-in MM, I used micro lots starting from 0.02 going onwards upto 0.64. I only had one loss on 0.64 level, means it lost all 7 trades in a row just once. Apart from that it has been running well and constantly producing results. This EA trades 4 currency pairs therefore, from my point of view the risk is spread out. I have recently upgraded the lots starting from 0.03 ending at 0.96 lot size.

This is the worst robot ive ever tried, my account has been destroyed and I could have made more profitable trades by flipping a coin, not only that but it uses a martinagle strategy on losing trades thus losing all my money even faster, I suggest getting a refund on this, I emailed refunds@clickbank.com and they gave me one straight away.

I just realised, what a waste of money. Not because it doesn't work but because it is a rip off of the FREE TOP TREND indicator available on various forums. Just google FOREX TOP TREND and get it for free. You shouldn't spend money on something available for FREE. A tip, it is just a break through of the Bollinger Bands with a setting of 20 period. Just put bollinger bands on your chart with a setting of 20 and you will see what I mean. To make the most of this indicator, put TOP TREND on your chart with a setting applicable to the higher time frame, then only take trades in line with this trend. ie. if trading the 15 min charts, place the indicator on your chart with a setting of 20. Then place the indicator on your chart again with a setting of 80 which relates to the 1 hour time frame. Once this is done, trading is easy. Just take trades on the 15 min chart which are in line with the trend of the 1 hour indicator. This way you are buying low and selling high which makes sense huh!!!
Good luck with your trading and don't give these scammers a cent of your money.
Phil

I got about 60% profit in the first month in a real money account started at USD 2500, and I think this PFR rocks! I buy every new robot, backtest it and ask my money back from ClickBank. Some works but the risk is too hi. Most of them is just scam.

I run the PFR in the four pairs with no automatic MM. Settings include "faster orders" and 0.1/0.2/0.4/0.8/1.6/3.2 lot size. The largest traded was 1.6 one time.

If you have enough money to hold some losses, is a great deal!

Tried ProForexRobot on a demo account of $5000 and traded it down to $2469 in 12 trades. Only one win of $54 the rest all losses. Asked for a refund and got it.

The results I've been seeing look typical of what the EA is doing on FPA's demo test. Lots of losers with the odd big gain, so far keeping the account just below break even.

I bought this EA through Keith Wade's affiliate link. He promised a whole lot of bonuses as well as optimised settings for ProForexRobot. I've received nothing and have had zero response to multiple emails I've sent. Whether he's completely incompetent, overloaded by email, or a scammer, I can't tell. In any case it amounts to the same thing - false promises and no action.

Stay away - Keith Wade is only out to make a quick buck and fails to deliver!

this has decimated my live account twice.....about 15 losing trades and 1 win.
They claim that wont get 6 losing trades on the trot(as it doubles up the lot size ) I had 6 on the EUR/USD ! It has wiped me out over £1000 twice ! Stay away !

I have tried a ton of EA's and so far this one is the real deal. I am up 200% in the last two weeks. I took out my original investment now I am letting it ride. So far it is the best I have seen.

hi,

i don't get it - when i asked some technical questions and for a solution i had my answer within 24 hours - there is some support !

you can check out 3 demo accounts i am using for forward testing the bot - till now it trades quite okay - equity gain of about 10%,5% and 6% so in 2 weeks - if that is extrapolate-able i am cool with it.

check out the 3 links in http://www.forexpeacearmy.com/forex-forum/has-anyone-heard/10103-2-new-bots.html !!

my results are even better than the ones in the FPA test - maybe my broker selection was a bit more lucky .....

I had no problem installing this one on the 25th. It was up and running and took some trades that first day. So far with settings at the conservative level I've had 29 trades, 8 winners and 21 losers for a small $137 loss on a $5k account. I can't complain about the Martingale MM system since it's keeping me at about break even. But the entry signals are getting into too many bad trades. Then again we've only had six trading days - we'll see what happens.