SemiAutoForex.com Review

Ok here's my experience. I got a refund when I requested it but that was on the original issue not the latest one. But I continued to test it and I've learned a few tricks to actually make money with it. First off don't make ANY trading disisions on anything less than the 4 hour chart. You can use a higher risk if the 1 Day indicator is in the same direction as the 4 hour indicator. Generaly I would say it's safe to go with 10% in a counter trend and 25% in a same trend. Also It's NOT a good idea to trade multiple pairs with this system as if the market reverses you get compounded losses that can crush your account in short order.
Also it's a good idea to pop a stop loss under your trade as soon as it gets past 17 pips in your favor. Don't open a trade till you have at least 4 or 5 5 min bars in your favor. I've seen this hit a market reversal with only a 1 pip error. So it's DEFINATELY useful you just have to take it with a grain of salt. The one exception to this rule is that if you have all your local timeframe indicators going in one direction except for 1 you can be fairly certain when that one flips you'll be heading in the right direction in short order. When that happened you could feel the market click into reversal mode. Thats a REALLY good feeling. I suspect that the seller doesn't even know what a gem he has here or the directions would be so simplistic and fatal to your accounts. This is just like anything else you have to learn it's limitations and learn to work around them. I've been doubleing my account 1 to 4 times a week since I stopped trying to trade short term with it.
I don't know of any other system that can do that well do you?

i have already received two rejection letters for a refund - one from the supposed author and one from plimus. i have submitted a second letter to plimus so will see how that goes.

new emails have just arrived here this week pushing the program once again so the word needs to get out again.

the program is not so much a scam as it is a collection of public domain programs thrown together. the brains (up and down arrows) are an exact duplicate of the program "supersignal" that has been around for some time. if you haven't seen the arrows change with time, just try it on one of the shorter time frames - you will.

the program can be made usable (quite well actually) if you add a momentum oscillator (stochastics like 8,3,3) and wait for a good stochastics cross. this will delay the entry somewhat but it should be the end of the changing arrows.

in this case, you could probably use smaller stops. the stops he suggests are just some calculation (multiple) of the average bar range. his stops are unnecessarily large to account for the possibility of a changing arrow.

If you have not seen the arrows disappear you are not paying attention. Close the chart and re-open it and you will see fewer arrows for sure. The software may have value with practice but the fact that some of the arrows are removed raises a flag. It also makes it difficult to do true manual back-testing. The biggest draw back in my opinion is the lack of support.

I recently downloaded the software and it does all that it claims and I wonder who these people are that are so negative about it. IT WORKS as claimed and I have seen no evidence of so called "repainted arrows". I have used the system for two weeks. It is NOT a robot it is a semi automatic system and you have to enter and exit trades yourself. I have never found an EA that works consistently, they work when market conditions suit their algorithms!. This system has produced extraordinary profits for me. I am not an affiliate, I am a trader with over 10 years experience including in the trading room of a major international banking group.

I purchased this software. I was soooo angry when I saw that it just repainted a signal until it finally got it right...then erased all the times it got it wrong. YOU CAN GET A REFUND. I know this for sure because I just did it. I emailed Plimus and told them that this software was a SCAM. I went on to tell them how it repaints over a signal until it finally gets it right. I also told them that the company represented the product as their own creation and that it was a blatent lie. Plimus emailed me back the next day saying that they would contact the company concerning my complaint and if they did not respond they would refund my purchase price. The following day they emailed again saying my refund was being processed. I checked my credit card statement yesterday and true to their word, my refund was there. If you have been ripped off by this company...you can get a refund!!! Hope this helps someone.

Heidi

purchased the semi Auto software when first released last month, after reading the review in FPA. I asked for refund simply and got my refund in 2 days (today) no problem. yeah its true you can get zigzag for free. i've tried the semi auto i have made about $600 in one trade, not bad.

Further to my last review, I persisted and got a full refund! Thretened them with the Singapore Police, seemed to do the trick. There is an address on another website relating to these Nugent brothers, I just said the Police would be round there soon! Keep persisting, and they WILL refund!

2009-04-15 1 star
I bought this after being constantly bombarded with solicitations. It repaints and is as the other reviewers have said, a copy of the zigzag. Freely available on the web for

Hi

This software a a scam. Nothing news or new methodology is offered here.

Also fake testimonials to buy this overpriced and wothless software. See the proofs here:

http://www.semiautoforex.com/more2.htm

Look the video from the testimonial John Hutton, Chicago, "a complet newbie in forex" and the video from the new scam from the same sell company: http://www.forexconqueror.com/

The video interview with the creator Brad Cullen, a forex veteran, show exactly the same person, John Hutton who are now Brad Cullen.

This are the proof that this is a scam company, that make money only of selling their procucts but don't trade himelf with this software.

Only good marketing but the products are crap.

I hope forex peace army can stop them to continue scam innocent people.

Thanks,
Mino

Mixed results from this system, nowhere near their claims though!!! Customer service- practically non-existent!! No refund policy either. Funds collected by a Jason Nugent in singapore - he has sold his own systems in the past, not good at all.

Forex Peace Army site just saved me 297$. I would like to thank everyone who took the time to expose this S***weasel scammer.
I just wrote an email to him and it came back saying no such email address exists.
Once again thank you all for taking your time to expose this bum.

Stu