Biedrs kopš Jan 21, 2011 39 ieraksti
Marko Cvetkov (trew)
Apr 02 2012 at 17:54
I bought fxvoodoo EA on the last day of February and after a week I asked seller (Paul Andrews) what settings he is using because results on my 2 test accounts were bad under default settings. Answer was – default settings too.
I tested further with 3rd broker even – and results were still bad.
So I asked for refund. Mr. Andrews refused refund with argument he didn’t promise refund on his web page. Logically PayPal is supporter for these type of scammers and they refused refund too.
So I closely look at performance of fxvoodoo comparing with my results. And interesting thing: I found why seller doesn’t have any guarantee or refund possibility and of course I found how he is scamming clients. Let me show examples:
Under default settings losing trades are closed at -125 pips. Which is visible from his statement too: mt4i.com/users/finfx-v5
Here are 2 examples only which confirm he is not using default settings at all: Under ticket 13728249 bought eur/usd pair on March 2nd at price of 1.33228. This trade was closed on March 26 and result is showing +2 pips. But if we look back on chart of this pair we see that price of this pair on March 15 was 1.30032. That's loss of -319.6 pips. Means that this trade by default settings should be stopped out at -125 pips. But seller didn't use default settings, he even disconnected Stop Loss setting and he waited that price retrace.
Same happened at same time on other pair gbp/usd under ticked 13728309 which he bought at price of 1.59595 and closed it at price of 1.59615 on March 27. On March 12 price was 1.56013. Means pair was in loss of -360.2 pips. Means also that trade should be closed at -125 pips already but seller cheated and he disconnected Stop Loss and he waited retrace.
And list of his scamming action is not over. Another way of manipulation with results he perform on positive trades. Just one example: Under ticket 14161228 from March 26 he bought aud/cad pair and he closed it with +22 pips by his statement. On my account trade was closed with +2 pips only. Difference is coming from the fact that seller closed trade manually at the highest gain. But originally his EA is waiting for more but on that transaction pair retraced and by default settings trade is closed with 2 pips profit what exactly happened on my trade.
Conclusion: I gave you just few examples how this seller is scamming by results. Should he show real results his product would be negative and who would buy it? That's also the reason why on his web page has no money back guarantee which is usual for all other sellers of these products: He knows he is misleading buyers. Because of his cheating - buyers can see these differences only after purchase when we can compare real results from our accounts with results on his statement.
There is also one misleading more: He didn't write on his page that his product is broker sensitive and results are different (worse) with other brokers.
His selling way is obvious way how to sell bad product with scams.
Month by month:
Biedrs kopš Apr 08, 2012 1 ieraksti
Apr 25 2012 at 13:39
I read your full message. I am also trading forex. I am using some bots and also I do manual trading.
I was not aware with fxvoodoo bot.
what ever u have listed here your deep analysis; fxvoodoo bot seems quite sound regarding its indicators.
I think any one can make a good money with this bot iff he use this bot with some manual intervention.
trew, infact you got a very good point to make money with fxvoodoo bot.
In my opinion you should also go through with this bot. It is quite sound.
I am thankful to you for introducing it with a deep analysis. It will be much helpful for forex traders want to make money.