ProfitEmpireRobot.com Review

Bone-headed grid strategy with no regard to market conditions and not stop losses. Since I joined 3 months ago they have continued to open buy positions on the EURUSD despite the fact the pair was consistently trending downwards - anyone with any eye on the market would have closed the losing positions weeks ago and reversed the trades to capture the market trend. Despite following the risk settings I have been repeatedly stopped out with a loss of well over 50% of my capital today.

They follow GRID.
They keep adding poitions to losing trades. If they have a buy and market is going down, they will keep opening 2nd, 3rd, 4th, 5th...... buy positions . And this is how they closè all trades at average price. But this method is mathematical and has no idea of analysis of market trend. One day they will lose all money . Market gives average price point to exit all trades many times, but one day comes when market keep going in one direction and robot keep adding positions against direction ane consequently account is vanished

Hello Traders!

DO NOT TRUST THEM !!! Yesterday I lost over 600 USD !!!

I sign up because I thought they know what they do.

A lot of times they made over 50% or even over 60% drawdown. For those who do not know what I am talking about: 50% drawdown means that 50% of your account is used by the trades.

For example: You have 2000 USD on your account, and 10 trades running the wrong way with a minus of 100 USD = 1000USD drawdown or 50% drawdown.

And that's what they do: these "experts" make on trade, When it's going the wrong way, they make the next in the same, wrong direction a.s.o until you have 8 to 10 trades going the wrong way.

This happend many time until I sign up. And a lot of times it turn into a small profit.

But yesterday my account crashed.

Don't use them. Or use them on a demo and trade against them. This is more profitable.

I hope I could help you to avoid a mistake.

Many HAPPY trades

Yours

Jay Oksenboel

2014-04-03 5Star Hello Lazy Traders!

I can only recommend this EA. Of course, it costs 100 USD per month. But I run a real account which alows me to set 0.5 Lots for a trade. It needs not even one trade to pay this fee back.

About the service: I guess it depends, WHEN you want service. I had good success about 11am - 2pm GMT.

Fx.: I run this EA on my standard PC. But I wanted to have this EA on my notebook, too. I installed it and the EA did not work at all. Therefore I sent an email to PER, and they answered in just minutes. After I installed TeamViewer and mailed them the log in data, they fixed it in just a minute. This is what I call superb service.

I recommend 2000 USD for a starting balance. After only one month my account is now 3,7 times higher than it startet.

Even if I have now 3,7 times more on my account, I still let it run with only 0.5 Lots. This is because they recently openend 5 trades at the same time. The max DD of one trade has an average of 10%. But when 5 trades go to the wrong direction it sums up to 40-50% easily.

5 stars !!!

I will give you an update in one month.

Many happy trades

Jay

Terrible people with draw downs like crazy and very rude in communication....why would one pay hundreds a month to blow their hard earned money away

I was very impressed but then I noticed earlier this was Fred mentioned. I was lucky cause I closed all trades manually with a bit of a loss and survived. I had 9 open positions.
This system has NO SL it it can go more then 250 pips against the trend direction! One thing is pretty sure, it´s just a matter of time when you loose your account! Good luck

They lied to me about how the system worked.

The EA puts up to 7 orders by itself and then they will put up to 2 more orders manually. They also said that a stop loss is put in but in stealth so the broker or you wont know. On their They said that a SL was placed a a price of 1.39230 but the price one the EUR USD went up close to 1.39920 and still it didn't close the open trades. They will lie and cheat and you will all lose your money. This is the link to see where people were talking see if you can find May because they removed all comments, here is the link http://www.myfxbook.com/posts-by-user/profitrobot/159618,1

Get out now before you loose it all!!!

I started using this signal service in March 25, 2014. It did reach adversely to the Ukraine situation with directly affected the EURUSD. So, it opened nine sell trades and held them open until
yesterday to close at a net profit as they predicted. Note well---
No EA or signal service is PERFECT. However, out of all the 80 plus EAs I've bought and discarded, This one, the ProfitEmpireRobot, is clearly among the best with regards to overall profits. So, that said, I give it FIVE starts.

Excellent product. It performs as indicated. Worth every penny so far and I couldn't be happier.

2013-11-22 No Rating Jean and Ros, can you tell us how long it took for you to receive the ea once you paid for it? Sandman says he did not ever receive his. How did you manage to get a response from the company? I have sent numerous messages with absolutely no response.

2013-11-18 2Star Customer support is very slow. It makes me a hesitant to get involved with this company. The support email domain is forexshocker.com so they must be the same blokes that offer that ea. I really wanted to try them out but they are slow in responding. I will update my review if things get better.

Thanks Nelis. Till now the positions they had taken for sell are still far much lower than where EUR/USD is (1.3815). I lost $3800. Being normal I could not just wait for my account to be cleared. As I said, if I had the time, energy, emotions, and the funds, I can also place an order and wait till TP. Be warned. You will lose for sure at the end.

2014-04-09 1Star The owners of this ea are a total scam and very insulting. I bought this ea around end of march, (I will be giving dates later as I open a case against them), this year and it has been always going against the trend and when I complained they said it will end up profiting. I have lost more than $3000 usd through this scam. I have written to them that I will pass over the matter to FPA and anywhere else possible. Keep away as I prove my case.

To Bernard from Kenya, sorry to hear about your loss, but think you were to scared when you had a drawdown and quit your positions at their worst price, or your risk were to high. I also joined start of April. Adjust my risk to comply with my leverage 1:200, and only had winners so far totalling 86.6 pips. If you did you homework you would notice their system is grid-trading, which according to me has too high risk involved, because like you mentioned the current open positions were in a terrible drawdown, but still its in their "save" ground, earlier today those 8 open positions came out of their drawback, so now you have 8 positions open with a better probability to continue in you favour. But well all have to see. And if Forex Profit Empire can keep up with their result could only time tell? Grid-trading robots other than this one give me good results but please keep their risk settings rather to low so you dont loose your hard earned money.