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Discuss BlueMonkeyEA.com

General discussions of a financial company
I have finally got the system up and running and today was the first full day of trading. I am curious to see if my results over the coming months, are similar to those shown in the backtests.
 
I have been using this EA for around 2 weeks now. In the first 10 days of September my account is already up 716 pips. This is the first time I have ever used an EA and thanks to ForexPeaceArmy for supplying a great means of testing these systems and proving which systems actually work well. It will take time to see if this EA is capable of winning consistently for a long period of time but even for short term investment it is still a useful tool.
 
I subscribed to this service due to positive test results here on FPA, but since I subscribed and set up the system I have not received any trades whatsoever and the customer support has been of a low standard. I am disappointed so far and I will come back with an update later.

Hi NAVTEX
Hope you do fine now.
We did not hear you since your post of 27 Aug. 2014
We are interested in you update.
Thank you & wish you many pips
 
Hi NAVTEX
Hope you do fine now.
We did not hear you since your post of 27 Aug. 2014
We are interested in you update.
Thank you & wish you many pips

Hi Patrichia
As you know I had a little trouble setting up this EA at the start. However I eventually got the system up and running and I can say that its been very successful. I am new to trading myself, and from all the negative press that robots get I was not totally confident when I put the blue monkey on my account. However as of today I am up 881 pips in my account since the start of September, So I can say that so far this robot has exceeded my expectations. I have no doubt that this or any other robot will struggle to keep that kind of record on a long term basis, but even if you can make a few thousand profit on a system that cost a few hundred to buy, I still see that as a good deal. Will keep you posted as time progresses.
 
Patrichia, you are right!

Not only it's a martingale system, which WILL ruine your account in heavy up and down going markets.

In top of this it cost not only 299,- USD. There comes also a VAT on top. I thought this is illegal to post prices without VAT for common customers. They hide real costs!

But this is not all: No guarantee, no refund, no Money-Back-Guarrantee, no PayPal, nothing. Alone this proves that the vendor is not very confident about his own product.

Pay $299 (+VAT) and kill your account and no money back afterwards.

No thanks. I stay away.
 
It's not only the above mentioned I found out.

The vendor add also manual trades to his account !!! To make their EA looks better, "producing" better results !!!

Lock at the the trades of 15th Oct. 2014:

2 EUR/GBP trades with 0.01 lots and 1 trade with 0.03 lots closed with loss and suddenly there comes a trade with 0.2 lots some hours later and covers all the losses and made good profit?

What a clever EA! Do you think I believe that? I am not stupid!

A trade which was 20x bigger as the two before ???? Have a look at the 13th Oct: there you can see how the EA normally works: Opens a 0.01 trade and it goes the wrong way. Than it open a second trade with 0.03 and it still goes the wrong way and than it open a 3rd trade with 0.04 (and NOT 0.2) and closes the whole basket with profit. That's how a normal martingale EA works.

You all should know that at the 15th Oct. all news were easily to read and the results of the EUR/GBP could been foreseen like signs on the road. That information used the vendor to add one little trade to make good profit and let his EA look like a money machine.

When you buy this one, you will never see such trades.

Don't scam us here!

To Admin: you should bann this EA
 
Hi Patrichia
As you know I had a little trouble setting up this EA at the start. However I eventually got the system up and running and I can say that its been very successful. I am new to trading myself, and from all the negative press that robots get I was not totally confident when I put the blue monkey on my account. However as of today I am up 881 pips in my account since the start of September, So I can say that so far this robot has exceeded my expectations. I have no doubt that this or any other robot will struggle to keep that kind of record on a long term basis, but even if you can make a few thousand profit on a system that cost a few hundred to buy, I still see that as a good deal. Will keep you posted as time progresses.

Hi NAVTEX,

Could update us about the performance of your tests ? Is this EA still scoring good results ?

Thanks
Amaury
 
Hi Patrichia
As you know I had a little trouble setting up this EA at the start. However I eventually got the system up and running and I can say that its been very successful. I am new to trading myself, and from all the negative press that robots get I was not totally confident when I put the blue monkey on my account. However as of today I am up 881 pips in my account since the start of September, So I can say that so far this robot has exceeded my expectations. I have no doubt that this or any other robot will struggle to keep that kind of record on a long term basis, but even if you can make a few thousand profit on a system that cost a few hundred to buy, I still see that as a good deal. Will keep you posted as time progresses.

Hello Navtex!

It's a long time since you started this wonderful EA. But no comments from you since?

What happened? Are you bankrupted or is your demo-account empty?

Please light us up!
 
I can't understand why this EA doesn't trade as often as you see in myFxbook live tests. Also there are so many micro-deposits & withdrawals I see over there? Are they required in some form for this EA to work properly? After setting this up, I checked it over 2-3 weeks & this EA recorded about 10% of the trades shown on myFxbook account. Does anybody know if any special settings are required?


I'd add that if the myFXbook page shows some manual trades, then we're better off taking signals from blueMonkey's team. :p 86% monthly return with 26.6% drawdown. WOW! :D
 
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