IVYBot Final Judgement – Refund Requested
I have requested refund of the IVYBot robot since it is useless. It is very far away from what the creators of the robot said in their sales page.
To be honest I had hopes in this robot, since the sales page was different from the normal crap. They also updated their customers with newsletters of what is going on and they also released update of IVYBot. Although these could be tricks to reduce refunds as much as possible.
During the challenge we only had 2 trades, but you can follow the failer from other users, in my other blog here – IVYBot Review settings. It is the most active post in the blog.
Why I think this?
Initially they promised an update just 1 week after release, and they promised that the new release will be in a week. The new release was released 2 weeks ago, just about the first customers are due to their 60 day policy refund. A customer may think “wow we have a new version, lets give it more time. They also feel good about themselves and the robot’s customer service.” In no time, the 60 day trial expires.
I may be completely wrong, but this is the worst robot I even tested. It’s worse than Fap Turbo!
Final Judgement
At the end of the day, results count, and the robot failed to deliver completely.
IVYBot First Trade
After a week sleeping, IVYBot woke up this morning with a profitable trade in USD/JPY Pair. It made the usual profit of $8.83 on 0.1 lot.
Some friends told me that on FXDD broker there was another profitable trade in USD/CHF pair, but on Alpari it missed the trade.
In two weeks we will decide whether IVYBot is worth our time, and your money, since now it is getting close to the 2 months – to claim back my refund. I am not that much impressed to be honest, so probably will claim my refund.
IVYBot Statement
The following is the REAL Statement published automatically by MetaTrader where IVYBot 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 IVYBot 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.
IVYBot Statement
IVYBot Review
IVYBot - usefull robot?
As usual these robots that cost $97-$149 comes with high promises and dreams, and most often they fail to deliver. But I am here to test it, and later decide its viability.
The landing page is the best I ever found, it has pictures of mathematical equations, a number of computers during testing etc etc. Although it is still in Internet Marketing style – but anyway quite creative. Well done. But well we are after profits – so landing page does not count.
About IVYBot
- The robot was developed by Ivy League Grads.
- Expect 2 – 6 trades a week. At least better than Megadroid which only does 1 or 2 trades a week if we are lucky – but at least always successful.
- IVYBot is not a scalping system and is based on 1 hours time frame. I read somewhere that scalping is possible but I need to see how.
- The robot is based on many factors including trend analysis by price action, how long the trend has been trading and other factors.
- This is GREAT: The robot trades 4 different pairs (Eur/Usd, Usd/Jpy, Usd/Chf, Eur/Jpy). It has a robot for each pair, and not 1 robot for all. So basically we have 4 robots developed and optimised specifically for its currency currency pair. Unlike FapTurbo which was 5 currency pair in 1 and was a disaster in 3 of them.
- Unlimited updates to new IVYBot settings when market conditions change.
So far it comes with 2 extra indicators – Market Watch and Session Profile Tool value of $450 each – according to the creaters of the IVYBot.
Market Watch:
The “Market Watch” indicator is a very simple indicator to follow. Just place it on your chart and follow the green and red lines. When the indicator shows a number of rising green bars, you know that the strength of the currency is rising. When the indicator shows a number of rising red bars, you know that the strength of the currency is falling. It’s that simple, when you see green you buy, when you see red, you sell.
Session Profile:
The “Session Profile” indicator is also very simple to follow. Once placed on your chart, you will see three large boxes. They outline the different global trading sessions. You will be able to identify the open, close, high, and low of each of the three major global trading sessions: Asia, Europe, and America.
Of course we will check and test the above tools and see if they are worth $450. I am particularly interested in Market Watch.
When you buy IVYBot there is an upsell of $99 but I did not take the offer.
All the above comes with Clickbank return policy, so we have 60 days to trial and claim our money if this result in another B.S. robot.
What Forex EA have done so far:
I have bought the robot since it is from ClickBank and right now the price is $97 with some bonuses.
I have set up a demo account with $500 and we will be testing the robot on FXDD due to 4 digit broker.
Only 500 copies will be sold – so hurry up 
Well don’t believe this marketing talking crap.
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!
Updated 31st August 2009
IVYBot is still for sale but now the price is $149.95 and still with the bonuses. I hate the marketing stunts to hurry to claim youir bonuses – which most often are worth nothing! Hurry and get the bonuses!!
GET YOUR COPY HERE
IVYBot New Release
The long awaited update for 5 digit broker friendly is out today. I have already installed the new version of course, so don’t forget yours There were also some improvements as per their email below.
IVYBot have been sleeping apparently since we had no trades yet this week.
IVYBot Member’s Email:
As a valued IvyBot Member you will receive updates as more efficent
IvyBot versions are released.We are pleased to announce that Ivybot 5.0 is now available for you
to download from the Ivybot Member’s login page.——————–
New Updates:
——————–* Full 5 Digit Compatibility
* Manual Magic Number Entry
* Improved Synergy with all MetaTrader 4 Platforms
* Updated Trading SettingsAt IvyBot we strive to continue our reputation as the #1 trading
system.Our Next version 5.1 (Currently still in beta testing) will include
some of the following features:* Risk Management Function to adjust lot size based on your current
account balance* Adjusted Equity protection algorithm
For our next trade…
A Small Loss of USD/JPY
Posted by Forex EA - Jason on September 1, 2009 · Leave a Comment
Things do not look so bright for IVYBot. Although Internet Marketers claim that this is the best robot, the robot is not working at all. Although we just started the trial here in this blog, and we only had 2 trades – see statement here, I have been testing IVYBot for around a month now in my other blog – IVYBot Review blog.
Funny enough, I got an email this morning claiming that IVYBot is producing results. They even mentioned the useless Fap Turbo – give me a break man! This is why I creates this blog.
Anyway, I still have 3 weeks lef to claim my refund, so we will give IVYBot some more time. But it must be a miracle to change my opinion.
Keep following…
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