Forex Fury EA review - trading strategy, compatibility, users ratings and coupon code.
What is Forex Fury?
Forex Fury is an expert advisor for the metatrader MT4 and MT5 platforms. First version of ForexFury trading robot appeared in 2015. As of this moment V4 is the latest stable version with V5 available as a Beta. Robot is compatible with NFA, FIFO rules, supports ECN accounts and works with the latest MT Builds of 600+
Forex Fury uses a range based trading strategy during the times of low volatility. Robot trades 1 currency pair per account, one hour per day aiming at 0 to 7 trades daily. Developers are displaying trading results for the following pairs: USDJPY, GBPUSD, USDCHF, USDCAD, AUDCAD.
One live account lifetime Gold license of Forex Fury is priced at $299.99 and 2 account Diamond license at $439.99 with free updates and unlimited demo accounts. Using VERSION4 coupon code at checkout will save you 15%
Please read Forex Fury Reviews below and share your live trading experiences with this expert advisor.
Details
Established: | 2015 |
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Contact: | support@forexfury.com |
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Forex Fury Most Helpful Customer Reviews
A good way to lose money constantly. A loser selling losing services. AVOID
I decided to buy forex fury after the amazing reviews I saw online, and I have to admit, after having trusted that face on YouTube. Yes, Pat, the nice Guy, making millions with his trades, 100Pips to the moon.
I installed it, tested it on a demo account of the size of my real account (1K) and adjusted it day by day. I used his set files and there I heard the first alarm bell. The set files suggested by the company don't have stop loss!! First day I used that the Bot burned 50% of the account, lol.
I continued to trust the system and so I adjusted the bot the TP, the SL, carving it as best as I could. Still, I had the feeling that the bot would take COMPLETELY RANDOM entries. I could not find any connection between the trades.
But, after three weeks of testing on the demo I was 50% Up, even having had that huge first day loss.
I was quite impressed, I was ready to throw 20K in that account and roll with it for life, I was already dreaming of opening another 5 accounts and so on.
Then I obviously took the most responsible approach and only used 1K, just like my demo, to test the behaviour of the Bot on the LIVE account.
The Bot started losing money, every day, sometimes would take good trades for a couple of days but the overall was very negative. I kept looking at it and did my best to prevent the worst, but I could see it happening, the Bot was slowly but surely eroding every funds into the account. There was no way to stop it, unless I would have told the bot every day which direction to trade (if long or short) to increase the chances of win.
In brief.
It could be that the bot could be midly profitable with constant everyday manual intervention and a very bad RR (it can only work for scalping, with a 1:3 RR ratio, so you're risking 3 to get 1), but for me that defies the whole purpose of having a BOT (aka automated cash flow).
And still, I am not sure that even with manual intervention one would be able to make money because the entry are just crap and Pat suggests to use the the bot only at 9Pm (Madrid's time).
I also joined his paid VIP and I could prove that they are not good traders, and what they sell on their Youtube channel is just the best of what they do. They don't tell you about the losers.
On their VIP they can have 5 losers in a row (followed by an explanation about why the market is doing that), over and over again and then a good 3R winner. I was 8% down on that account in a matter of 3 weeks, risking only 1% per trade. Of course the results they publish are completely different. (What they do: they send a message telling the trade copier to take a trade when the trade already happened, they do that usually with rippers, so they can claim the win but in reality the trade copier didn't have time to take the trade on your account, so no profit for you whilst they claim the win).
I am taking the time to share all this because I don't want other people to fall in this trap. These are real SCAMMERS. They will delete any message on their Youtube, so don't expect to find negative reviews over there.
By the way, I was able to claim a full refund through Paypal, of course nobody will pay me for my time and the money lost on the account, but at least I hope I can help someone else
My two thumbs are up (I forgot to say I work for the company)
This review did not come from the UAE. It came from the same location in Canada used by the representative of Forex Fury.
Per FPA policy, the rating on this review has been set to Zero stars.
The FPA does not appreciate review spammers.
12 good little trades, 1 big bad trade to wipe out the rest
We have since returned to our normal gains, and are always working on new ways to better the Fury experience.
The Myfxbook results is no SL and is demo
Fake result, 80% losing trade!
The moment fury doesn’t want to refund my money, I’ll keep positing my bad review to every website I get a chance to do.
Apr 30, 2020 - 1 Star I bought this EA from reading all the good reviews in forexrobotnation.com, it claims 93% winning percentage which attracted me to get it in September. During the first signup, the Fury asked you to rate 5 stars in forexpeacearmy. Initially the first few trades were good, however, starting Oct almost 70-80% losing trades. TP is 5 pips, SL is 29 pips, and it has 70% losing trades there’s no way to recover. 93% winning was a boast!
I bought this EA at $229.99 + $1000 equity. 7 months passed, now my equity only left $100+.
I emailed to Forex Fury and never got reply. I wrote in robotnation for my review but it never showed bad reviews, I wrote in Forex Fury Facebook but my reviews also never showed up. I’m happy that forexpeacearmy is a fair platform to speak out my voice.
Never trust forexrobotnation, never trust Forex Fury and never trust Forex Steam (they are brother EA).
Reply by Forex Fury submitted May 2, 2020 We have no client named Joyvent from Malaysia.
Also, we respond to all emails, so check your junk mail. Likely just needed to follow our rules and use the software properly to get the desired result.
Recent User Reviews of Forex Fury
!!!SREFUSED REFUND!!!
POOR ROBOT
they also need to prioritize customer service.
let those who are giving the robot 5 stars come out and tell us what settings they are using , that should help us adopt and provide feedback
over all , you cant win your customers, FOREXFURY - GET to work
good stuff! really!
some bulletpoints about my results (obviously this depends on the EA settings you use):
- All but one month have been profitable
- averaging 1.5% profit per month
- best month was 5.6% (worst was -1.9%)
- the EA averages around 2 trades per week
now I'm sure some people make more money out there but for me these are really nice and consistent results and I'm definitely gonna keep it running for now
good now but hard start
i am now winning trade with fury, and i think performannce 4-5 star, but harrd to start for new trader
thanku
Still on the Fence with ForexFury
Frequently Asked Questions
Is Forex Fury a good company?
Please come back often as reviews get updated or added by users from time to time.
Additionally, we'd recommend to check recent ForexFury community discussions: https://www.forexpeacearmy.com/community/tags/forexfury/
How much does Forex Fury EA cost?
- 1 live account license: $229.99
- 2 live account licenses: $439.99