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Official web site which contains more Forex system related information. Forex Beater | Autopilot Software | Automated Signals | Online Trading | Robot System

1 star, possibly scam.

Don't know what happened my first review, was filed under www.forexhitter.com which is how it is marketed. I notice the there is a discussion forum link to 'forexbeater', has this website been recycled???

I bought, downloaded and have run for a while, currently overall is losing money but its early days & within expected back tested performance draw down.

However what is a big red flag is I proceed to back test on all available data & found that it is a long term loser. The back test shown on website is a recent performance of last 2 years which appears to be curve fitted. If this was tested on previous data it is a bad loser with nearly 100% loss of equity!!. My concern is if this is curve fitted it is not going to work soon in the future.

Finally, a real clincher, changing the back tester settings eg take profit, stop loss etc DOES NOT CHANGE THE BACK TEST RESULTS! Seems the settings are ignored hence must be hard coded but this is not indicated in the instructions. RED FLAG!!