Welcome to the Forex Tool Shop Reviews and Results Section. Here you'll find everything you need to know to make an informed decision before you purchase your forex robot. Keep reading so you understand exactly how we test these forex robots and what you should look for.
What We Do
Above all, we're here to help you. We take the liberty of testing as many forex products as we can so we can separate the scam artists from the quality trading products. The industry is filled with marketing gimmicks that are often extremely misleading. We believe the only way to unveil the best products is to test them on 4 levels, back testing, live testing, customer support, and user feedback. Below are the exact details of how we conduct each test.
Customer Support: Before we get our hands on any forex robots, we send an email to the company distributing the product. If it takes them more than 2 days to get back to us, that is usually not a good sign. We then request that the company give us a free demo copy of their system so that we may test the system and deliver the results to our members. If the company volunteers the system and agrees to let us test and post the results, this is a great sign. The top performing systems on our site have come from companies that volunteer their system to our site. On the other hand, if the company refuses to give us the product, it raises a bit of a red flag. To us, it seems like their trying to hide something. Why wouldn't they want to help drive thousands of people to their site and get free advertising and publicity? If they don't give us the system, we purchase the product.
BackTesting: Once we finally get our hands on the product, we start by running a one year back test of the system. We use one year because this time period usually gives us an accurate sample size of trades to look at. Also, many systems put out updates of their products and because settings tend to change, results beyond this scope may not be accurate of the system. There is always the possibility that the back test is fabricated and if that is the case, this is quickly unveiled in the Live test. In the back test, we look for returns of about 10% a month with an overall draw down of less than 15%.
Live Testing: Finally we turn the product loose on a live demo feed. All the data is streaming live straight from the broker but the orders are executed in a demo environment. All the demo accounts are opened with $1000 starting capital with leverage of 200:1 or 100:1.
User Feedback: We want to make sure the results we're seeing with these systems are not anomalies. We rely on users like you to report your findings with the systems. Tell us if the customer support is bad, tell us if you're getting different back tests or live trading results. It's your feedback that counts and will help other people make wise purchasing decisions. By helping develop this community we can create an environment of wise consumers and help weed out scam artists.
The forex industry is for the most part unregulated. Our mission statement is to provide objective evaluations and reviews of automated systems that trade foreign exchange. To get started, click one of the systems to the right. We love to hear from our users so if you have a question or just want to introduce yourself, send an email to This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
