madmatz.. now with the last post I totally agree...

it's not for the consumer to sit and figure out how these EA's work...I think that should come with the $1000 price tag.

These guys aren't selling a group of winning EA's they are selling HYPE!!!!

that's why this is such a let down...when the wheels fall off...LOL

Also for those with interest, I found this post from Jeff over on forexmachines dot com

Use it for what it's worth but there are some interesting setting variations here to be tested as well as some alternate trading strategy here i.e. One Robot does not always fit all so maybe you just have SV or the SV portion of fusion turned on on your account when things are going sideways - again just things to consider that I don't hear many people discussing / testing - I'm going to set something up to play around some of this on the weekend - if it looks interesting I'll post findings.

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have reviewed the results from several fusion accounts, and they all say the same thing.

The Hirider bot is making all the money in the account. In one account I looked at, that was making money, it had made 80% of the profit.

Both LMD and Super Volcano lose a lot of trades due to how they work.

LMD is a swing trade bot so if you dont get large moves in your favor it won’t make money!

If you look at LMD’s profit chart from the contest you notice that it only made money in 2 large runups in the account, the rest of the time it was losing money.

LMD is more of a long term bot and super Volcano is unstable in hard trending markets because of how it trades it is only good in sideways and slow trending markets.

If you look at how GBP/JPY trades, every time it tanks or rockets up, which is multiple times per year, Super Volcano will probably destroy your account at those times.

You NEED to be able to think for yourself and figure these things out.

The people at FRWC cant do everything for you.

For those of you that put fusion on live accounts right away, if you had waited and used you brain to understand how the bots work first, you wouldn’t be down on your account. I have been working with them for 2 weeks now and I haven’t put any on a live account yet.

Honestly if you backtest enough with any EA over a few months period you can find decent setting, that will work with the current market conditions...

ta da I give you 5 ea's from the FRWC

things change, they tank

will these ea's work ??? maybe with a lot more R&D

hey I'm still using forex auto pilot.... 2 years later I think I just got the hang of it.

For refund, now they say we need to demo for 30 days not 30 days from purchase date. They seem to be changing words. Do you think they have intention to refund at all?

jonfxbot

I hear your position :-)

Understand, I'm not defending FWRC, I'm just trying to be objective about where we are and the options those who bought have.

And to clarify my ethics (not sure why you used that word here) - Let me be clear for anybody reading this forum next year or the year after when FRWC open things up again - DO NOT BUY IN UNLESS FRWC HAVE RESOLVED THE ISSUES DISCUSSED IN THIS FORUM AND OTHERS, THEIR PRODUCT ROYAL TRADER DOES NOT WORK AS ADVERTISED YET. (Royal trader includes Fusion V, Supervolcano, HiRider, LMD Currency, to name the main EA's not working properly)

Now that's said, back to business for those of us caught in this position of being down a grand with nothing but bit's and bites to show for it ;-)

A lot of focus on the refund process seems meaningless to me - it's not rocket science if anyone has ever used a credit card - ask FRWC / Plimus for a refund, document it, if they don't give it, stop payment with your cc company per madmatz post, job done.

Moving on -

More than half the battle with an EA is getting it to trade at the right time in the right direction - The Top EA's do that figuratively 19 out out 20 times. Forgetting FOREX market action which is just data to the EA, the code just needs the condition (s) on when to exit the big loosing trade - Results are depressing, but the above is what it boils down to, go look at your data and remove the trades with losses >100 and ask yourself would you be happy with the EA now?

I haven't seen used or read of anything else out there that comes close, or dosen't look like a scam, if you have other information on EA's I'm missing here, please try to convince me I'm mad and convert me to another third party profitable EA - I'm open minded, I'll be first in line for a refund because I do have more data than you can shake a stick at.

Educate me here, I don't think I'm assessing the situation wrong, it is what it is, and I'm trying to be as objective as I can about the situation and the way forward- If you have other credible info like FAPturbo returns 1000% a year, or Megadroid has allowed me to retire lets get it out on the table.

Right now the only other credible but much harder path is role up my sleeves in the coding world learn MQL and code something myself - I'm under NO illusion how difficult that is hence my analysis and purchase of Royal Trader. The coding piece, I would get down in under 3 months, the identification of the right FOREX indicaters, and the triggers in and out is beyond my level of expertise for now which puts that on a 12 month+ timeline, hence the attractiveness for me to figure out a bandaid on the stop loss until FWRC come's good or goes under

Let me know your thoughts people - I'm not trying to be a dick, I just want to move on (like many others) in the right profitable direction, I'm not getting out of this to sit on the sidelines without a credible alternative that returns 15% a month + that's my objective (and I have about another 30 days on that decision), let me know a credible answer before then and I'm gone.

I hope where I'm coming from is clear now Jon - have fun, trash relentlessly, I'm a big boy ;-)