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Forexbody Review Scores


Overall score: 2.7 / 5

Total votes: 12
Profitability
1
Ease of use
1
Pricing
1
Customer service
1
1 - Worst 5 - Best

Forexbody Discussion

34 posts
Dear Sir
I was subscribed this EA(Forexbody)per 99 Dallers
But it is loosing my amount
thats way Unsubscribed the ea EA eventhough money deducted please send details and money back to me
amount deducted through clkbank on 27/3/2012
please reply me as early as possible
send site personal mail id i will send deducted money receipt
thant you i wilt for your reply
2 posts
hi there i m malik naveed from pakistan i use this robot free version the result is 90% better then other robot one more robot is better that is forex gold trader and this one i use this and i m satisfied with that because this system of purchasing and selling is great i also use it with eurjpy pair that is great also in this pair u can check my trades some of trades i close myself because of electricity problem in pakistan that is a great system realy i dont know about ebasi but i know about system some people never use and just post the comments first use the product then review dear and this system is free for use of 2 months i think u understand regard
malik naveed
1 posts
I am a new member and I also trade forex. With my experience for the past 6 years I did manual trade for 5 years. I happened to find Auto Robots. I have tried at least 6 diferent robots during the past 12 months. All I know is that regardless how you change your settings, there is no robot on the market you can say 100% perfect. When one works well on demo then use the same settings on live trade they never work the same as demo. I do not believe that no robots are 100% automatic. If you depend on it by thinking you can set it forget it to make money, I do'nt trust it.
159 posts
So for anyone of you real life heroes running this live, would you care to show your performance data the way US -PEOPLE WITH INTEGRITY- DO?
Or must one believe blindly (stupidly) like a Mormon?
And yes, I can download and backtest and make my own conclusions, but YOU have VOTED this EA HIGHLY without showing a single account...

Don't take it personal, TRUST IS SOMETHING THAT NEEDS TO BE GAINED...It is not a granted right. So, Does anyone have this thing running live and if so, where can it be verified?
Take your profits while you can or the market will take them from you
3 posts

stevetrade posted:
    You have to admit it looks kind of suspicious.
A new EA shows up and then all of a sudden new users appear and start carpet bombing praise.

Two conclusions are possible
1) It's a self publication campaign.
2) You made all your users aware of the fact that the site is here and asked them to come talk up your EA.

Given that about 95% of the commercial forex EA market is filled with dubious marketing practices it's going to be the first conclusion that people jump to.


I asked in the other thread, I guess you missed it, over what period are the backtests generated?





The truth is i am not hired and the system works, just try out the free version before buying the main one.
17 posts

cun111 posted:
    
Hi

I do not know them.

If so why did not those people anwer to me as it would be more valuable than your words.

Ok, the best way to see how your ea runs perfectly is to test it bymyself. Therefore I downloaded your free version and started to test today. See you later on the results. I hope it will be good as I put it on my small micro live account.

My answer came after you got your first answer from what you refer to as ( they )
please I do not have time for unproductive discussion. If you have questions about my products please ask and I will gladly answer, no need to start a hatred discussions and do not jump to quick conclusions.
Most of the time the market comes back, but the system must make up for those trades the market never comes back to !
82 posts

Hi

I do not know them.

If so why did not those people anwer to me as it would be more valuable than your words.

Ok, the best way to see how your ea runs perfectly is to test it bymyself. Therefore I downloaded your free version and started to test today. See you later on the results. I hope it will be good as I put it on my small micro live account.
17 posts

cun111 posted:
    
Gerald

From your records those people seem as hired for applause this ea. fx fiction like😁



Say that again?
You could never be more wrong. In fact most posts here are from people who already paid for the EA ( they got the paid version with their money )
so it is the other way around buddy !
Most of the time the market comes back, but the system must make up for those trades the market never comes back to !
3 posts

cun111 posted:
    
Gerald

From your records those people seem as hired for applause this ea. fx fiction like😁



lol, man this is really funny. Sorry man, but im not hired. It's funny how people in the world judge people so quckly. This world is missed up. Anyway, I was just giving my honestly review. I found this system 2 weeks ago on the internet, I tired it out, and 'so far' its been good. Period.
1415 posts
They have a beta MT4 platform but the project to use MT4 has been scrapped.
There are a few solutions to using Dukascopy though. You can bridge trades across from MT4 to Jforex or you can convert your code to Jforex. Alternatively you can use PT Multistation which allows you to log into a Dukascopy account and use native MQL to develop on 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.
17 posts
Does Dukascopy have an Mt4 platform?
Most of the time the market comes back, but the system must make up for those trades the market never comes back to !
1415 posts
That's exactly the answer I got off Forex Bulletproof when I asked them about their ten year backtest blowing the account. They suggested that I run the backtest on a shorter period.

I'm aware of the hit and run strategy for Martingales, there are some proponents of it's use on this site as well. Looking at your current performance you stand to double your balance in roughly three months. Providing there is enough equity in the account then I guess you can take out your original stake and be on a free trade. Hopefully all your customers can and more importantly will do that as well.

I'm aware of potential issues that could occur with brokers/platforms/vps etc. and take all conceivable precautions to prevent them. As most of the risk capital I have in forex is with Dukascopy I'm fairly confident that my money is about as safe as it would be with any other financial institution. Missed stop losses and other horror stories tend to happen to those people who use bucket shop brokers.
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.
17 posts
Data for longer periods is not necessary and might do an advese effect. If I start a test for $100 and it grows to 7k in 5 months I certainly would have withdrawn from that account a lot more than the $100 I put in the account, so even if a wipeout occurs, my profits are already in the bank.

Also: 14 words for you to remember no matter what stop loss stratefy you use. YOUR MONEY IN FOREX IS NOT SAFE UNTIL IT IS OUT OF YOUR ACCOUNT !

If the market does not take your money, a simple gkitch on your computer or vps , or broker server can miss your so called stop loss, you end up with more floating loss frequency than our system can leave !
Most of the time the market comes back, but the system must make up for those trades the market never comes back to !
1415 posts
Considering that Martingale strategies tend to get wiped out by Black Swan events ( such as the Kobe Earthquake in Japan in 1995 that wiped out Barings Bank due to Nick Leeson ) you ideally want to be carrying out a backtest over the longest period possible in my opinion, regardless of what chart patterns you are looking for.

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.
17 posts
Your second conclusion you provided is correct because I notified few of my users as test. By the way one of my users suggested that I list our EA here a while ago but I did not listen then, then a second user insisted and finally I agreed. It is not exactly what you suspicious mind is thinking,

Going to your 2nd part of your comment:
Forexbody is not into the habit of downloading data from Metatrader history center. We only perform our back tests on every tick of market data that is obtained directly from broker server. We use live accounts data for Gain capital tests and demo account data for all other brokers.

When you download data directly from mt4 history center you are instantly warned by MT4 that the data will be downloaded from Metaquotes data center and thus can not be used to dispute a trade with broker. given that honest fact I can not allow my self to use that data to determine the settings of my expert advisor !
The solution:
By leaving my M1 chart for EURUSD on all the time I guarantee presence of broker data in my mt4 directory, since that time frame is hard to get on demand from broker server. Also I developed a method to obtain data from broker server during weekends while the market is closed. basically I can get up to 100MB of data from broker server within couple of hours and all data obtained using my method is dependable to carry out back tests that I can rely on to determine EA settings.
For new brokers : All I do is click on M1 and move mouse over the chart then roll mouse wheel backwards using a 30 inch ruler, doing few times for m1 and m5, then 1 time for each of the other frames. I record this process using workspace macro recorder. Then I set the macro to repeat until stopped, and at highest playback speed. I leave it doing this on my computer for an entire day, usually Saturday. Then on Sunday I perform my backtest. usually on last six months. In other words starting six month ago, ending the test on the very moment the market closed the previous Friday.
I do not test on previous year because I would not care about that time so far back, we look at most recent times as this has the most reliable data available and it may contain the market pattern that may continue in the near future.
Using the above testing method I have developed the Forexbody System. And we keep updating and improving on daily basis.
Most of the time the market comes back, but the system must make up for those trades the market never comes back to !
1415 posts
You have to admit it looks kind of suspicious.
A new EA shows up and then all of a sudden new users appear and start carpet bombing praise.

Two conclusions are possible
1) It's a self publication campaign.
2) You made all your users aware of the fact that the site is here and asked them to come talk up your EA.

Given that about 95% of the commercial forex EA market is filled with dubious marketing practices it's going to be the first conclusion that people jump to.


I asked in the other thread, I guess you missed it, over what period are the backtests generated?


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.
17 posts
gerald325i posted:
    peter1jamieson Registered his account 13 hours ago

johnachin Registered his account 11 hours ago

Frankalde has no systems being displayed...

mmhhh, so much for honesty and integrity...

The reason some accounts are new is that users just found out about Forexbody being listed here, if you think a user satisfaction or opinion is not worth looking at then I do not have anything else to say. These users may not have an idea what a system on myfxbook is and how it is setup, I had my self a hard time setting it up. so how would it be for somebody who was unaware of this site existed before?

Users opinions are not self praise.
Most of the time the market comes back, but the system must make up for those trades the market never comes back to !
1415 posts
Sigh.

Self praise is no recommendation.

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.
82 posts

Gerald

From your records those people seem as hired for applause this ea. fx fiction like😁

159 posts
peter1jamieson Registered his account 13 hours ago

johnachin Registered his account 11 hours ago

Frankalde has no systems being displayed...

mmhhh, so much for honesty and integrity...
Take your profits while you can or the market will take them from you
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