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Forex Robot World Cup - Lack of Transparency

Discussion in 'Has anyone heard of?' started by lmb, Feb 17, 2010.

  1. lmb

    lmb Recruit

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    Yesterday I purchased the winning EAs from FRWC. I then remembered that they said they will be limiting the number of copies they are planning to sell. So I asked them. First I was told that they are unwilling to reveal that information. I told Andrew at FRWC that they claim that transparency is one of their cornerstones. He asked: "We are support of FRWC robots. Please ask your questions about robots!" Now what happened to transparency? Anyone with similar experiences?
     
  2. Player

    Player Private

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    Royal Trader package from Forex World Cup

    Hi
    I'm concerned about this as I've followed for several weeks and was about to buy on the 16th but a number of questions came up when Fusion V Super Robot (an amalgamation of the top three winners apparently) was also announced - which I didn'y expect. Namely:

    Why use Plimus for payment which has had some awful feedback, when many (if not most) have had good experiences with Clickbank who are known to honour refunds after trials - at least for those traders I know?

    Was the Fusion V a collusion all along with the LMS, HiRider people who i believed were totally independent traders?

    I want to believe that all is totally above board, but my gut feelings are holding me back. Do keep us posted on how it's all working out as you've jumped in already! I hope they work really well. ...a slightly sceptical Player
     
  3. adriant

    adriant Recruit

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    Hi. I've been preparing to trade, but not actually trading, for some time. When you backtest a strategy you can tune parameters to get great results for the test period that are not reproduced in forward trading. If you live test 329 robots, one or more may give surprising results if the price action in the test period just happens to suit it. The number 1 robot in particular has a pattern of trading in the published results that smacks of some lucky fits to me. Is there a reason to think it will continue to be good in future periods? It would be different if I had the source code to spot vulnerabilities and have some idea when to use it and when to disable it. HiRider seemed to me to have a more credible pattern of trading but i'd want to study it more to see if it was using insane stops to allow time for trades to move into profit - the time period I think suited stops with big drawdown. I'd happily pay $97 to take a punt on HiRider, but I'm reluctant to shell out $999 on a black box working 5 or more unknown strategies. I hope you post again about its performance in forward trading.
     
  4. aristrader

    aristrader Recruit

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    Free to test FRWC (All in one package)

    FUSION V IS GREAT,

    They dll file to protect their product.
    If any one interest to test this ea, I can give you.

    Just email me : instaaffi@gmail.com
     

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