Mark O'Connell
Recruit
- Messages
- 2
I've been reading EA web news for about 9 months but have taken no action because of al lthe contradictory info available.
Last summer the hot new EA seemed to be Ivy Bot however the news since Jan-Feb 2010 especially here in Forex Peace is that Ivy Bot has gone bad with Version 5, is a tiny 10K file without much smarts, and is called a waste of money.
Then there's FAP Turbo, which has earned accolades on many web forums and is advertised everywhere. The Performace Test being perfomed right here in Forex Peace suggests FAP Turbo (see test 2) is earning big equity every week over a two-month test. However the SCAM resolution forum here at Peace contains multiple complaints about FAP as over-sold, non-supported, and an EA that wins a pip 95% of the time but then loses 95 pips 5% of the time thus erasing any short-term gains.
How much of this is true? Is there a concensus anywhere that EA's a worthwhile? Or not worthwile?
thanks
Last summer the hot new EA seemed to be Ivy Bot however the news since Jan-Feb 2010 especially here in Forex Peace is that Ivy Bot has gone bad with Version 5, is a tiny 10K file without much smarts, and is called a waste of money.
Then there's FAP Turbo, which has earned accolades on many web forums and is advertised everywhere. The Performace Test being perfomed right here in Forex Peace suggests FAP Turbo (see test 2) is earning big equity every week over a two-month test. However the SCAM resolution forum here at Peace contains multiple complaints about FAP as over-sold, non-supported, and an EA that wins a pip 95% of the time but then loses 95 pips 5% of the time thus erasing any short-term gains.
How much of this is true? Is there a concensus anywhere that EA's a worthwhile? Or not worthwile?
thanks