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information for a newbi

Discussion in 'Hello and Welcome' started by The Gringo, Nov 14, 2008.

  1. The Gringo

    The Gringo Recruit

    Nov 14, 2008
    Likes Received:
    Hello everyone. I an sorting through the many "make instant fortune" from forex ads. Anyone out there have information about michael chase? His site TradingFromHome.com #1 Work From Home Program promotes F.R.E.D robot that can do no wrong. Any information appreciated. Best wishes Mike - J
  2. Pharaoh

    Pharaoh Colonel

    Oct 3, 2007
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    Here's one critical piece of info - his ad shows large profits for Friday, Saturday, and Sunday for Test Subjects 1 and 2. Forex closes out at 5 pm Friday and opens at 5 pm on Sunday (NY Time). No matter what time zone you are in, there is no way to have live trades running across the whole weekend. I leave it up to you to decide if this was some sort of typographical error by the web page creators or if they just made up all the data.

    His screenshot of open trades on MT4 shows no stop loss levels set. What happens if F.R.E.D. has positions open, you lose your connection to the broker, and the market makes a hard turn against you?

    The back tests do show SL's being set. Looks like the numbers on the main page or the back tests are from 2 different programs. Which ones do you trust?

    The website was first registered on October 1st, 2008. That's not a lot of time for people to really evaluate a product.

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