Reviews

0

As our regular readers will know we were not awfully impressed with the Forex Espionage MetaTrader robot (or should that be robots?). Nevertheless immediately after I bought his latest expert advisor(s) Steven Lee Jones was kind enough to make me a "One Time Offer" to buy his Forex Espionage Advanced System for a mere $77. Unable to resist any sort of an offer to buy anything related to forex trading, let alone one just about to expire, I parted with my credit card number for a second time.

More on Forex Espionage Advanced System is NOT a Robot!

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2

Another new MetaTrader 4 expert advisor launched last week. Since it's name is "Forex Espionage" I was astonished at the lack of secrecy surrounding this event. Even I noticed all the emails accumulating in my spam folder. Normally when we here at the Trading Gurus review a new trading system we perform lots of backtests, forward test on a demo account for a few months, then forward test some more on a live account before delivering our final verdict. In the case of the latest forex "robot" let loose on unsuspecting trading accounts around the world all that won't be necessary. Here is our considered Forex Espionage Review. It Sucks!

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5

Here are our Forex MegaDroid backtest results for May. The distinction may not be obvious, and may even seem irrelevant, but nonetheless although these are backtest results, the data used for the backtest was acquired on a demo account moving forward in time and not from a downloaded MetaTrader history. This test was performed using exactly the same input settings as in our MegaDroid Backtest Results for April.

More on Forex MegaDroid Loses Money in May 2009

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1

Somewhat later than anticipated after my recent trials and tribulations, here are our Forex MegaDroid backtest results for April.  This test was performed using version 1.11 of the robot, since the original version now refuses to run backtests.  This test used the default input settings, with the following exceptions, mainly required because the test used Alpari UK as the MetaTrader broker, and they support micro-lots and 5 decimal places.

More on Forex MegaDroid Backtest Results for April 2009

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2

As luck would have it a new forex "robot" launched to great fanfare last week.  Unfortunately apart from everything else I'm moving house at the moment, so I didn't notice all the hype accumulating in my spam folder until well after the day of the big launch.

More on Forex MegaDroid Sees Into the Future!

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