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FXPromaker
 
Tested Result: fail
FXPromaker
 

Updated: February 2009

Profitable: 3/10

Easy To Follow: 7/10

Honest Result: 5/10

Support: did not test support

Bonus Value: 5/10

Results: 0/5

The Good: They opened some sort of Private Trading Group...

The Bad: Backtest results showed tiny profits and then total account was blown away

 
 

They sell several EAs however I had a chance to test only MAIN FXPROMAKER EA. The algorithm is some sort of ugly martingale - backtest results showed tiny profits and then total account was blown away. Be careful with it!

Click to enlarge the backtest image

Here is the member's review: "I have been testing and Live trading this EA for the last 4 months. Risk to reward of this EA is pretty bad. Even if trade .01 lot on a $10000 account with moderate volatile pair such as USD/JPY, it just a matter of time before you get a margin call. Not recomended. and here is more "I haven't buy this system, but its demo is really amazing. Can you imagine? I LOSE 20% per day. I say again : I LOSE (not Gain) 20% per day. It is unbelievable. It is a scam."

Update: They opened some sort of Private Trading Group...The price is huge (from $950 per 6 months)

 
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Forex Risk Disclosure. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.