ForexMoneyAlerts.com Review

Lost 1k. Said they had a software glitch over the Xmas holidays and were also not available to help during the holidays. Watched my money go down the drain. Not sure what to make of them but will not be anxious to try them again.

This is the second time i have fallen for the Forex money Alerts promise of profits, seems like a good model -as they make their $$ via an arrangement with the broker that they recommend. However - first account 12 months ago 2k BLOWN , current account 1k BLOWN - sorry - you know what they say about fool me once , fool me twice- I don't recommend them. I am not new to trading so have a range of strategies and multiple accounts , no way would i commit a large account to this strategy , hope this saves someone from losing $$. regards to all.

Used this service for 3 days, gained 360 pips! Outstanding. I had ones mall loss caused by myself when put in a s/l which was hit. Without this I would have another 30pips. So far great job, Peter.

I used Forexmoneyalerts for several months. At first it made a handsome profit so I increased the size of the account. However, it seems to use something similar to a Martingale strategy and keeps adding to losing positions in the hope that the trend will reverse. If the trend does not reverse the losses build up exponentially. This happened to me and my account was almost wiped out.

I started using Peter's system in January, the statements that he displayed on his website looked very promessing, one thing that I had trouble with was that on one of his statements he had a fairly big loss gone from about $16,000 down to $6,500 but his other statement that was displayed on his website had those loosing trades ommited even though the trades were copied by the same software to both accounts. Eitherway I took a chance and signed up, things were going pretty well for 4 months, untill Peters software pretty much blew my account. His account also went from $21,000 down to $1,500. Next couple of days another account apears on his website claiming to have $32,000 in it and the loosing trades were nowhere to be found. He managed to catch all the winning ones but the one in November last year where his account went from $16,000 down to $6,500 and now this one that went down from $21,000 to $1,500 were no where to be found. However all his subscribers had those trades, and more importantly their accounts destroyed. STAY AWAY. Peter also comforts everyone saying that he will only ever risk 30% on any given group of trades, but by my calculations it was nowhere near 30%, more like almost the whole account. Definatly unethical if not a total scamm. You be the judge.

I have been offered this EA as part of the package to open an account with YoutradeFX. Some observations: the website shows a couple of impressive equity curves for 12/20/2009- 09/05/2011; and 2011/09/25-2011/10/13. I don’t know what happened in September 2011, but the comment below from obukonigho Akpede indicates what happened in December 2011. This is probably the reason that the website, and the link sent to me by the broker, only show a live account from March 2012. Again, the equity curve was looking very good for a couple of months: Net 5,377.65 profit in just over 2 months. But it is now showing an Open floating loss of -6,065.77, as the software keeps opening GPDUSD Buy positions as this currency pair tanks. I would use with caution, only when the market is operating under normal conditions.

I started this system about one month and a half ago, and I can tell you that I am very satisfied with about 60% of profit. I hope this will continue for a long time.
Thankx very much to Peter.

I started an account with their recommended broker, and was able to put in just $250 to start. It has now been about 2 months and my account balance is at $1034.75! Personally, it's better than anything I've been able to do with my other Forex account. I havent studied their methods, so I can't say I've tried it myself. Besides, they're FREE, and that's a price that's hard to beat.

I've written to Peter at least 10 times (probably more) and he's been very patient, and always answers. He's explained many things to me and has been understanding in every way. Personally, I think what he does is magnificent, and I hope he's making a ton of money at it. I know he's doing well for me, and I'm quite happy with that.

I've been running this on a live account for some 35 trading days.
It has generated an average gain of around 1% per trading day.
At one point i inadvertantly stopped the EA - oops! so i traded in a style reminiscent of the origonator, bingo - an extra 1%. I have now upped it to 4K , soon 7K, and i have been able to move it to the Australian arm of the company (ASIC registered, segregated funds etc). At this point it has beaten EVERYTHING else i've tried.

i tried this so called EA, placed 252 dollars in my account, it grew to 370 dollars before it crashed down to 17 dollars, even on the demo account which he was using dropped from 16000 to 6500 dollars. the current value of his demo as of now 7am GMT time is 7766 with a -816 dollars loss, i dont know where these are getting their profits but i joined peter when the demo account was about 16000 and my account was 252 and it dropped to 17 dollars. The subscriber most times does not use stop loss. beware stay away from this. This ea is not profitable long term.