The EA is build to earn money - but only for the developers.
Great marketing - great backtests - ugly results. It is a wurststall - not a developercompany!
They have a great tuned backtest but on real trading you cannot win money.
I had two big drawdowns within one month.
The system is to earn very often small money with an extreme risk. Often this works well - but if it does not you loose much much more than you have won months before.
After the first hard S/L they wrote an E-Mail 'Oooops - that is the first time this has happend.' Like an surgeon coming out of the operating room, holding a head in his hands.
In AUDUSD they buy up to six contracts if it runs into the wrong direction. Giant risk for zero profit.
They offered a new version v6.2 - which was buggy and was not to install.
Then came an E-Mail about that - but unreadable. The mail was in scrambled mode! Then came the mail readable - twice.
This EA is a timebomb - guaranted to kill your account in zerotime.
Then i wanted to use the Moneyback-Guarantee!
They gurantee: 'We're so confident you'll make money using our Kangaroo EA, we will give you a FULL REFUND (underlined!!) if Kangaroo is not profitable.'
The guarantee works after 40 days without winnings but not longer than 60 days.
That means, you are forced to pay the price of 149 Euro plus VAT. And you are forced to pay 30,- Euro plus VAT for another month.
For the guarantee they first wanted a Statement from my broker.
After debates they gave a refund of the basicprice of 149,- plus VAT. The 30,- Euro plus VAT I dont get back.
Why is the 30,- Euro not included in a FULL REFUND? Full is full. I have no chance to fulfill the conditions for the guarantee without paying that. Now i lost a lot of money with their joke EA and additionally i dont get back the guaranted money!
How can i get back my money from the other side of the world?
In my humble opinion this team makes a great marketing - has a not working product and deceives their clients with all tricks about their money.
Such people belong to prison - not to Internet. I hope all Australian customers will report them to the police!
Jayman007 posted: Looks like you took a hit on your account this past week. I don't see that hit on any of my accounts nor the official accounts. I wonder what happened.
It's a cent account with fixed spread, one of those that the vendor is recommending not to use. Last year when everyone ran into some 2 SL hits, this account ran into 4 or 5 of them. I added a new forward test a while ago - https://www.myfxbook.com/members/birt/kangaroo-pfx/229664 - and that one didn't run into this particular SL; I kept this old account running for continuity reasons.
Mine didn't take either of the trades executed on 10/16. It appears you had two separate trades. The first one a small 17 pip loss on the buy at .0273. But then the second was a sell at .0260 in which Kangaroo then opened up the max of 6 trades to try to get it to profit. I couldn't find any other Kangaroo accounts on myfxbook that took any trades at all on the audusd on 10/16. Wonder why yours took two?
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.