ForexThor.com (Alexander Collins)

I was installed at Jan 3 at Go-markets and Pepperstone Razor. Until today only 1 trade whith a litle gain , last friday i was disable trading for NFP news. Pepperstone don't catch any Thor trade because it's STP and this EA send pending order whith SL & TP and it's rejected directly .

After contact whith support team his response 26 hours later was.... "try at another broker"... This is a red flag to me because and his sales page they are promote his compability for all types of brokers¡¡¡.. I was reply whith this concern and waiting response. But if you are interested to try it. forget STP brokers at this moment.

 

I purchased Forex Thor on 23 Dec 2011. Immediately upon loading the EA opened 1 trade but closed it within 20 seconds for a $32.00 loss. Since then not one trade. I waited until after the "season" and contacted support on 15 Jan 2012. They replied and I quote
"due to market conditions and system logic Thor trades rarely these days." I guess rarely means NOT AT ALL.
Although I understood from their sizzle on their selling page that "this robot trades in all market conditions." Really??
I was looking forward to seeing this EA in action, however, I will be asking for my money back if nothing happens in the next two weeks.

 

Seeing the comments above, I just had to respond.

To say I have a little experience in Forex would be an understatement. Forex Thor is the only EA I have ever seen that actually works and doesn't blow an account to oblivion.

Here are my trading results since December 12, 2011, when I installed Forex Thor on a $10,000 account. Note that it took 9 days to make the first trade.

Click on the image to see my live trades on a live account:

 

Wow, you almost doubled your account in 2.5 month. Amazing!

I have good results too (+54% and 47%) but your results are the best i have seen so far.

Trade frequency isn't a real issue for me. I clearly prefer robots what trades less but with high accuracy.

 

I agree with you. I have tried a lot of EA's out there, and this is the ONLY ONE that has made money consistently, but on top of that, it does it SAFELY.

 

I think it relevant and only fair to state that the "Free Trial" offer of this system is DISABLED for forward testing. The only thing you can do with it is backtest. I think it is less than forthright of the vendor to not disclose this before going through the exercise of download and setup. When I raised this issue with their support team, I received this reply:
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"Dear Anthony Ingrassia,
As the system uses an in-depth market condition analysis, the trading frequency may vary. So, two weeks or even a month of trial will not be enough to estimate the system in forward trading.
As the full version of Forex Thor trading system comes with a 60-day money back guarantee, you will have two months in order to test the system in the forward trading. And we are sure, that this period will be enough to estimate all the benefits of the Forex Thor trading system.
Should you need any further information, please do not hesitate to contact me.
Best Regards,
Andrew | Forex Thor - The ultimative Forex System | www.forexthor.com"
.
If indeed, 60 days is sufficient to analyze forward testing (the only meaningful method), and they intended to provide a "Free Trial", then it is disingenuous to provide for it for less; especially when "Less = 0".

 

I asked for refund after 45 days, because my results on two brokers were different / bad performance. I didn't get the refund, so, there is absolutely no money-back-guarantee!!

 

RE: Forex Thor

@ Anthony

Feedback and critic are always welcome BUT should be fact based. What you wrote does not have much to do with facts because everybody who downloads the trial version can do a lot more than run back tests.

Here a brief overview what (and what not) traders can do with the trial version:
• Test the Thor trading system for seven days
• Access the user area, download the user manual and additional documentation
• Compare back test results and download detailed performance and analytic reports
• Review forward trading results (updated in real time)
• Change settings and make back tests for any time period (also with real ticks)
• Install the system on up to 10 Meta Trader platforms
• Trial version cannot be used for forward trading.
• Bonus section inside the user area is not accessible.

@velorso

Forex Thor is a scalping system. That's why results can vary a bit from broker to broker. Thor comes with a “60 days unconditional refund guarantee." If you requested a refund 45 days, the refund was definitely processed. If you would like me to take a look to it, please contact me at: Alexander (at) forexthor.com and provide me with your order details.

@ Richard Cliché

9605.16 USD profit within three month excellent. Congratulation on your success with the Thor system!

 

Hello Alexander Collins,
I don't think there is much room here for disagreement; nor is there much in the way of contradiction to my earlier cautionary mention with which you could honestly disagree.
I mean (and meant) no disrespect to you or your offering; indeed it seems more worthy of serious consideration than many other EAs.
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However, as a serious developer you know (or should know) the only important function of a fair "free trial" is to allow a potential client a reasonable period to validate in future trade action, the quality of your algorhythm.
Any ex-post facto review of prior claimed successes is, by design, entirely hypothetical; and under CFTC Regs must be so disclosed in advertisements to the unwitting public.
You (or your "Marketeer") have demonstrated such awareness, by the very disclosures you openly post on your website.
.
Potential buyers of your product must do their own due diligence.
They should be made aware that only publication of "verified audited forward track records", such as those provided when a vendor voluntarily subscribes to such on an impartial site like:
"mt4i.com" or "MyFxBook.com" and successfully demonstrates a proven forward track record plus a history of no test record deletions.
Only then should a singular product be considered, and held up as evidence of vendor's performance.
.
Do this for us, and I will be the first to applaud.
Anthony Ingrassia, CTA
NFA ID#: 0278164