TheForexpert.com Review
1.816 •
4 REVIEWS
Out of business
Updated: Apr 13, 2022
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The TheForexpert MT4 EA is a forex expert advisor. The The Forexpert automated forex trading software for the MetaTrader platform has been forward tested on live accouts by Forex Peace Army. The TheForexpert.com forex robt is not martingale and not dependent on indicators.
Website is down. Company seems to be out of business.
Out of business
TheForexpert.com Performance tests
| Status | Account | Product | P/L Weekly,% | Weeks tested | P/L Gross,% |
|---|---|---|---|---|---|
| The Forexpert | +1.26 | 3.1 | +3.96 | ||
| The Forexpert Oracle | -3.74 | 12.6 | -38.132 |
Please click the Product name to see detailed test analytics, trading statement, and use our Performance Simulator.
1.816 •
4 REVIEWS
Recent User Reviews of TheForexpert.com
R
Rapheal
Lagos, Nigeria,
Jul 23, 2015,
Guest
Terrible EA. I subscribed to this EA for 2 months. All the EA does is make pips then lose all of them, continues to lose until it blows the subscriber's account.
Am posting this to protect other traders from falling to this useless and crap product, as the EA is sold for $249 monthly.
Vendor is not even honest, he does not use the product on his account but send rubbish signals to subscriber's account.
Am posting this to protect other traders from falling to this useless and crap product, as the EA is sold for $249 monthly.
Vendor is not even honest, he does not use the product on his account but send rubbish signals to subscriber's account.
N
Nui
Dubai, United Arab Emirates,
Jul 8, 2015,
Guest
I too was interested in this Signal provider / trade copier service. While the results for June are reported to be significant, I cannot come anywhere near replicating the results.
I have the signals / trade copier set up on a demo account through a VPS. Have been watching for a week and my results were disappointing. Almost 1/3 of the account down, in the space of a week. Bad trades, being added to bad trades. My first day or two were extremely promising, Scaling into trades to eek out maximum profit, but the reverse is also true.
I hate leaving negative reviews as the guys were excellent to deal with, quick to setup and get running and I will be honest, there could be a number of factors for the discrepancies. Server lag, trade latency, glitches etc etc will all have an effect on this. This could be the reason.
Overall this isn't for me. I don't expect stellar results, just consistency, it feels like trades are being chased - which I do know from experience is never going to end well. While the support and communication is excellent, until consistency is gained, I wont be putting real money into the copier.
I have the signals / trade copier set up on a demo account through a VPS. Have been watching for a week and my results were disappointing. Almost 1/3 of the account down, in the space of a week. Bad trades, being added to bad trades. My first day or two were extremely promising, Scaling into trades to eek out maximum profit, but the reverse is also true.
I hate leaving negative reviews as the guys were excellent to deal with, quick to setup and get running and I will be honest, there could be a number of factors for the discrepancies. Server lag, trade latency, glitches etc etc will all have an effect on this. This could be the reason.
Overall this isn't for me. I don't expect stellar results, just consistency, it feels like trades are being chased - which I do know from experience is never going to end well. While the support and communication is excellent, until consistency is gained, I wont be putting real money into the copier.
D
dmnico
rotterdam, Netherlands,
Jul 6, 2015,
Guest
Honest Vendor, paid back 70% of subscription thks to PayPal.
Still the EA is not performing to its expectations.
I rest my case.
dmnico
2015-06-23 2Star Had High Hopes, was curious abot this signal, have it for 1 week on demo.
It is Terrible, winning trades turn in losing trades, no trailing stop used, sort of grid, openening more trades when in loss and finally all close with sl.
My advice, manage the trades your self ( trailing stop ea) or stay away. $ 100,0 is far too much, lost triple in 3 days !
dmnico
Still the EA is not performing to its expectations.
I rest my case.
dmnico
2015-06-23 2Star Had High Hopes, was curious abot this signal, have it for 1 week on demo.
It is Terrible, winning trades turn in losing trades, no trailing stop used, sort of grid, openening more trades when in loss and finally all close with sl.
My advice, manage the trades your self ( trailing stop ea) or stay away. $ 100,0 is far too much, lost triple in 3 days !
dmnico
T
Tinto
, Japan,
Jun 28, 2015,
Guest
I have subscribed to June 23.
Already 20% of the funds has been lost.
PF 0.3
I feel a little anxious.
Already 20% of the funds has been lost.
PF 0.3
I feel a little anxious.
T
Reply by TheForexpert submitted Jul 5, 2015:
Tinto: All of our trading is third party verified. We made 4600 pips in June. Also, we do not have a subscriber that uses the name Tinto from Japan.
T
The Forexpert
, USA,
Jun 27, 2015,
Guest
This review is false. This person did not run the EA for a week. He was subscribed for 2 days. His behavior has caused us to ban him from future contact with us. We believe people (internet trolls) who give false negative reviews should be banned from giving reviews at all. dmnico: We invite you to send payment receipts in a private message to Forex Peace Army or The Forexpert or both to prove you had the system for a week- or even three days. We certainly have receipts and documentation of our contact with you.
False statement:
"Had High Hopes, was curious abot this signal, have it for 1 week on demo.
It is Terrible, winning trades turn in losing trades, no trailing stop used, sort of grid, openening more trades when in loss and finally all close with sl.
My advice, manage the trades your self ( trailing stop ea) or stay away. $ 100,0 is far too much, lost triple in 3 days !
dmnico"
Review Moderation Team Note: If you click where it asks "Is this your site", you will be able to register and leave comments that tie directly to reviews.
False statement:
"Had High Hopes, was curious abot this signal, have it for 1 week on demo.
It is Terrible, winning trades turn in losing trades, no trailing stop used, sort of grid, openening more trades when in loss and finally all close with sl.
My advice, manage the trades your self ( trailing stop ea) or stay away. $ 100,0 is far too much, lost triple in 3 days !
dmnico"
Review Moderation Team Note: If you click where it asks "Is this your site", you will be able to register and leave comments that tie directly to reviews.