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At a glance: scammers (Forex Catapult)

Discussion in 'Scam Alerts' started by athenafx, Oct 21, 2011.

  1. athenafx

    athenafx AthenaFx Representative

    Jan 30, 2011
    Likes Received:
    Winners Edge Trading = Forex Catapult

    It is so laughable, ridiculous that you may take a look by yourself.

    Contact Us | Forex Catapult

    Please If you purchased this one, complain to the right FPA folder.

    May be the guys will go to jail.
    #1 athenafx, Oct 21, 2011
    Last edited: Oct 21, 2011
  2. NILO

    NILO Recruit

    Jun 4, 2010
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    This people shows an account in myfxbook with 31.28% profit... but if you go to custom analysis and change the history time, the actual LOSS is something around 3%. They lost 28% in august.

  3. Pharaoh

    Pharaoh Colonel

    Oct 3, 2007
    Likes Received:
    Amazing - just upload your bad results to myfxbook and apply filters to make your product look successful.

    The FPA has the results of a live account being traded by Forex Catapult here:

    Forex Catapult Expert Advisor Real test by ForexPeaceArmy.com

    Currently, it's lost a little over 3%, but has been running for just under 3 weeks. It's too early to call it a failure, but so far I don't see anything so far that makes me want to run out and buy a copy.

    I'm not sure how them being part of a larger company makes them a scam. AthenaFx, do you have some other info on Winners Edge Trading?
  4. Laurie Gold

    Laurie Gold Corporal

    Jun 18, 2011
    Likes Received:
    First, let me say I do not have a lot of experience with ea's and more specifically, back testing them.
    That said, Forex catapult, gives a free limited version of their ea (it only works on the Eurusd pair). I downloaded and ran a backtest on three different broker platforms (running from 1/1/2011 to 10/21/2011), with the following results;

    total net profit:

    FXDD: $2064.73 59 trades
    UPFX: $6110.64 63 trades
    Smarttradefx: $3252.03 58 trades

    I found it very interesting to see how the results varied from one broker to another.

    I would certainly invite someone/anyone to double check my testing or run their own tests and post them.
  5. Austrader2012

    Austrader2012 Private, 1st Class

    Jun 3, 2012
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