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?

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! 😉

yeah everything should be public to let us view the performance of it :)

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!

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.

Thank you so much for making all the information public! 😁

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

Did they also give you the investor password to their test accounts? And can you confirm this is real?

Do you use Fusion V with all defaults settings ?

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.

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?

You have some backtests here:

https://www.forex-robot-world-cup.com/frwc_backtests/LMD_Backtest.html
https://www.forex-robot-world-cup.com/frwc_backtests/Official/SUPERVOLCANO.htm
https://www.forex-robot-world-cup.com/frwc_backtests/Official/HIRIDER.htm
https://www.forex-robot-world-cup.com/frwc_backtests/Fusion_EURUSD_2008_2010.htm

I guess it's with the default settings..

It doesn't recommend using money management although it is in there. It recommends using 0.01 lots per $1000

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

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.

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.

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..

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.

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?