Forex Decimator Refund Requested
I have requested refund of this crap robot – Forex Decimator.
In our demo account, as you can see in our statement page – Forex Decimator Statement, the robot made a loss of -$351.09, leaving the account balance to $197.49 from $500 startup demo account.
the robot failed miserably to meet its expectation.
Forex Decimator Update 31 August – 4 September
So second week of Forex_Decimator trial and it went bad. Unfortunately we had 2 major losses and 1 minor loss that basically wiped out all the profit and a further $100 approx of the account.
So we had 5 trades, 3 losses and 2 wins.
Overall Loss: -$98.80. The account closed at 453.83 starting with a $500 account.
The robot is showing the weaknesses of all robots – HIGH STOPLOSSES. One loss of $105.30 means 10% of our account, and this goes against all principles of forex money management.
Something else I want to comment, is that the same person from whom I came to know about this robot, has released the 4 th robot in 1 month – that all promise to make you rich. From Forex Decimator should made me rich, why now I need 4 robots? This is not at all looking good and it stinks. I recommend not to buy the robot prior we finish our tests.
So keep following along.
Forex Decimator 24 – 28 August 2009
So first week of Forex_Decimator trial and it went well. Unfortunately for some reason the statement is not showing all trades! But this is what has happened since I was following the robot closely last week.
I believe it was Wednesday and Forex Decimator was in a trade. The market changed violently and in 2 trades the robot lost around $75. It wasn’t a good start for the robot. I could have closed the trades manually, thus minimising the loss, but I wanted to see how the robot will react. Basically it did nothing and hit the stop loss.
So we had 3 trades, 2 losses and 1 win.
Overall Profit: $48.xx. The account closed at $548.xx starting with a $500 account.
We still far to judge the robot, since we have just started out. So keep following along.
Forex Decimator Support
Today is Sunday, and I sent a support question to the Forex Decimator team. Few hours later, on Sunday they have answered my query.. Well done. Thumbs up.
Of course customer support is important, since MOST $97 robots their customer support is non-existing, although they claim that they have it!
Reply Sent…
I have reattached both the ex4 file and the PDF file to this email. Please
be aware that the ex4 file isn’t meant to be opened (some people are trying
to open this file direct).1. First your MT4 broker platform must be closed,
2. next the ex4 file is to be copied (right click copy) then pasted
(right click paste) into your MT4 Broker Expert folder through Windows
Explorer.
3. Then reopen your MT4 broker platform and you should then be able see
it in the Experts folder through the Navigation panel (left side of screen).Many Thanks
Forex Decimator
support@forexdecimator.com
www.forexdecimator.com
—–Original Message—–
From: Jason [mailto:jason@XXXX.com]
Sent: Monday, 24 August 2009 12:29 AM
To: support@forexdecimator.com
Subject: I can’t download the filesHi,
Can I please have access to the files to download them again?
I have registered and downloaded the files last week, but now I have
changed broker, and I can’t download the robot files again.Awaiting your kind reply,
Jason
Forex Decimator Statement
The following is the REAL Statement published automatically by MetaTrader where Forex Decimator is running. So far the robot is running in a demo account, since it is still brand new. The report will be automatically updated daily since Forex Decimator does not trade that often.
Initial demo account balance is $500. We will invetigate the robot profits, the drawdown, and most importantly risk management by the robot.
Forex Decimator Statement
Forex Decimator Review
As usual these robots comes with high promises and dreams, but this is one is even better since it is equipped with hugely sophisticated Advanced Artificial Intelligence.Well yes I take such claims ALWAYS with pinch of salt.
This is what the creators said on their sales page:
Forex Decimator is a new, revolutionary robot that will allow you to profit consistently, in any condition and with unrivalled accuracy. It has a proven 92% winning trades accuracy, putting itself at the very forefront of Forex trading technology.
Forex Decimator’s incredible in-built money management rules mean that you will never see your profits wiped out with a single bad trade…A problem many other robots fail to solve.
What Forex EA have done so far:
I have bought the robot since it is from ClickBank and right now the price is $97 for the first 200.
I have set up a demo account with $500 and we will be testing the robot on Alpari.
I have checked the price now and it is still $97, so probably either not enough copies were sold, or that is what I call a marketing stunt. A friend told me that they will sell only 500 copies of this robot. Whether this is again a marketing stunt or not I don’t know. But if they sell only 500 copies, than they should care about their customers – in theory!
Last week performance
I have put the robot in a general demo account and it did 2 good trades. This is why it grabbed my attention and it is worth testing. We wil see how it goes during the official test.
The robot trades only EUR/USD pair only. I like one pair trading robots.
Anyway grab your copy now, since if the above is true, you may have missed a good robot. At the end of the day, if the robot proves to be shit, you can always claim your refund.
Forex Decimator Update
Posted by Forex EA - Jason on September 11, 2009 · Leave a Comment
As suspected as soon as the market change – yes market wave pattern change, these $99 robots start failing miserably.
Forex Decimator latest trades were very bad, and 1/3 of the account is wiped out. Now the account stand at $381.63. A some point the accout stood at $650, basically loosing almost $300.
There is still time to claim my refund, but things do not look good at all.
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