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FRWC - Fusion V - Alpari (By stevetrade)

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FRWC - Fusion V - Alpari Discussion

Feb 16, 2010 at 18:13
23,012 Views
583 Replies
Member Since Sep 09, 2009   71 posts
Feb 16, 2010 at 20:11
You bought the FRWC package does it come with 4 different robots?

the champion, 2nd place, 3rd place and the fusion robot belongs to which position?
Slow and Steady Wins the Race :)
Member Since Oct 25, 2009   88 posts
Feb 16, 2010 at 20:21 (edited Feb 16, 2010 at 20:26)
It is going to be interesting to see how this system develops. Have you done any backtest of the EA?

If possible, could you please make 'Open Trades' public? I don't see why open trades should be private on this system, and I'm sure many would appreciate if the open trades were public! 😁

Thank you for publishing the results of the EA here so we can follow it! 😉
Whoever said money can't buy happiness didn't know where to shop.
Member Since Sep 09, 2009   71 posts
Feb 16, 2010 at 20:25
yeah everything should be public to let us view the performance of it :)
Slow and Steady Wins the Race :)
Member Since Oct 28, 2009   1415 posts
Feb 16, 2010 at 21:32
It comes with Fusion ( which is five of the robots combined ) plus the top eight robots from the competition.

Okay, by popular demand I'll publish the open trades for it!
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Oct 28, 2009   1415 posts
Feb 16, 2010 at 21:37
I haven't done any backtests. Backtests are published with all the robots where appropriate, although some of them are hard to backtest as they are multi currency or on 1 minute timeframes. I'm just going to forward test it for a while and if it's promising put it live on a small account.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Oct 25, 2009   88 posts
Feb 16, 2010 at 21:45
Thank you so much for making all the information public! 😁
Whoever said money can't buy happiness didn't know where to shop.
Member Since Sep 04, 2009   879 posts
Feb 17, 2010 at 00:14
this is going to be an interesting live experiment.. I have my doubts about the honesty of these guys after reading the promo page... and the stupid vids.. smelled just fishy..

read post#58

https://www.forexfactory.com/showthread.php?t=202146&page=4
Member Since Oct 29, 2009   29 posts
Feb 17, 2010 at 03:01
Did they also give you the investor password to their test accounts? And can you confirm this is real?
Member Since Aug 27, 2009   31 posts
Feb 17, 2010 at 07:53
Do you use Fusion V with all defaults settings ?
Member Since Oct 28, 2009   1415 posts
Feb 17, 2010 at 08:59
I have the investor passwords, yes and I have checked the accounts and they are valid accounts.
I've changed the lot size from 0.01 to 0.04 due to my deposit size and I've turned of the Strasha strategy as I don't want a Martingale strategy in there but other than that they are all defaults.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Oct 25, 2009   88 posts
Feb 17, 2010 at 09:04 (edited Feb 17, 2010 at 09:04)
Does the EA offer any kind of money management? From the statements from FRWC, it doesn't seem to offer money management? 🙄

What lot size is recommended for the EA?
Whoever said money can't buy happiness didn't know where to shop.
Member Since Oct 28, 2009   1415 posts
Feb 17, 2010 at 10:06
It doesn't recommend using money management although it is in there. It recommends using 0.01 lots per $1000
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Dec 28, 2009   60 posts
Feb 17, 2010 at 11:30
yes, they give passwords...
I dont understand all these wankers.. ok maybe it's a scam..but let's just test it and we'll see... however still no answer from fxcm
Member Since Jan 05, 2010   92 posts
Feb 17, 2010 at 11:47

irbis posted:
    yes, they give passwords...
I dont understand all these wankers.. ok maybe it's a scam..but let's just test it and we'll see... however still no answer from fxcm

The scam part is not the EA. We all know EA's do work for a short period of time.

They claim to have paid $150,000 in prizes, however if you contact FXCM or Boston Technologies they state that the 'financial agreement cannot be disclosed' which already raises some red flags.

What they could have done is fake the first 3 prizes (ie not pay them), and pay only the small winners for $1k each for a total of $10k.

So they've actually spend only $10k, got you to send your EA to them for a 'chance' to win the $100k and now they get to sell the EA's at $1k a pop, while paying 50% commission to affiliates. They need to sell only 10 non affiliated EA's or 20 affiliated to break even.

Now you tell me, if there's something suspicious.

Patience is a virtue.
Member Since Oct 28, 2009   1415 posts
Feb 17, 2010 at 12:00
I prefer to look on things as opportunities for me, not as attempts by other people to try and trick me out of my hard earned money.

At the end of the day, it's simple either you can afford to spend $1000 and test the robot for 30 days while you take a look or you can't.
Then over that period you either decide that the strategies are sound or that they aren't and you keep it or you refund it.

There are a lot of forex products out there that are nothing but smoke and mirrors, in fact the majority of commercial products are nothing but an attempt to generate revenue and there is nothing wrong with that. At the end of the day forex trading is an uncertain income at best and to try and supplement it with income from forex related ancillaries makes practical sense.

The trick is to be able to assess quickly and accurately which products are a waste of your time and money and then get a refund.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Jan 05, 2010   92 posts
Feb 17, 2010 at 12:05
Yes Steve, you're correct and I do appreciate the fact you're making your test public.

Just wanted to point out a possible scenario..
Patience is a virtue.
Member Since Feb 16, 2010   17 posts
Feb 17, 2010 at 13:48
Very interesting and I am sure time will tell for all.

I am interested in testing this myself and was wondering as the money back offer states you need to test this product on a demo account for 30 days.

I prefer to test on live accounts as I find demo accounts with brokers tend to be different than live accounts performance.

Does anyone know if the money back is valid for testing on live accounts???

I look forward to what all our views are on this product as it has been heavily marketed.
Member Since Jan 05, 2010   92 posts
Feb 17, 2010 at 13:54

casper79 posted:
 Does anyone know if the money back is valid for testing on live accounts???

What's their refund policy? Check the fine print, which they must have or else they would go out of business.

On the same note, how can they offer a refund? Do they guarantee a certain return per month? How does that work?
Patience is a virtue.
Member Since Oct 29, 2009   29 posts
Feb 17, 2010 at 13:58 (edited Feb 17, 2010 at 13:58)
Anyone have experience with their payment provider: Plimus?
If I do a google search on them I get tons of websites screaming not to do business with them as they don't give refunds...
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