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  #1 (permalink)  
Old 11-07-2008, 03:18 PM
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Default fxgtc.com Review

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Are You in search of the best forex trading system do you want more information on fx gtc , are you concerned about what they are promoting and marketing at fxgtc.com and you’re not sure if its honest and not a potential scam, read or post a truthful and unedited review below, about fxgtc here so other members can make better more informed decisions about which forex trading systems should be taken seriously and which forex systems should be ignored.
Official web site which contains more forex system related information. Forex Global Trading Company
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  #2 (permalink)  
Old 12-05-2008, 08:29 PM
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Default i love this metatrader EA

Top class EA the EURGBP, took $1000 to $5000 last month.
Absolutely lethal.
Long live gtc.!!!
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  #3 (permalink)  
Old 12-09-2008, 02:59 AM
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Default Total scam!

Lesley, Please stop pitching for the company in cheap ways. You spread out misleading information... If you post a live statement here where it turned 1K into 5K (or less, does not matter, as long as as it is live one) i am sending you 1K via paypal, agreed? i promise that in front of all FSF members. I will check it first though... Coz only the most stupid can use demo for scalping performance and show it to the most naive as proof.


Dear FXGTC, why dont you trade this system just with one minilot in a live account? because ,you know that it can not make any money in the long run over course of 2-3 months... By that time you will be rich though by selling that EA....

Good luck. But people, never forget, if anything sounds too good to be true, it probably is....
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Old 12-10-2008, 03:06 AM
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I have the XtremeEURGBPv2, the robot made 53.3% RI in 4 weeks with a conservative lot size setting on my live account. My setting;
Deposit: 1000 GBP, lot size: 0.3 ,lot size was increased to 0.4 when my account balance riched £1500.My account balance as of Dec.05 £1533; as of today £1702, the robot last night made 21 trade but this is unusual, average trades 7-11/nights(NY,Tokyo session) the robot made 4 losing trade within 4 weeks, losing trades 30 to 40 pips.
The robot on my live account making 1 to 5 pips/trade, average 3 pips/trade.
I use low spread broker like; MIG,ODL,FxPro.
I just(last night) started using the robot on my second live account with brokerspred 3pips, performance is similar a bit lower then my first lo spread account.
I very happy with this robot so far, and I hope continue the excellent performance.

Zsolt
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Old 12-27-2008, 05:06 AM
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the EA itself works great, it was ballsed up by the broker upping the spreads on EURGBP. Fundamentally, the EURGBP one works amazing, check the tracking account. time to move on to a new broker guys if your broker cannot offer the required spreads. I am using ATCBroker on the EA, and it is still very profitable.
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Old 01-12-2009, 11:03 PM
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Jay US & anyone else who has aliases for this company selling these EAs, please can you post the live trading statement on this blog and also provide clear login details for a live account. Not demo, but live account relating to the performance of these EAs so we can see crystally that the trades do not tally and that their EAs are loss making

I have valid proof and if anyone cares to leave their private email address on this blog, I will happily contact them, send them my live account proof and let them also log into my account to see what i mean and also discuss it with them

Lets be honest if we are going to post about the likes of fxgtc. They are a big scam and the fact that they are not sending me their live statements prooves it

If you buy any of their products, not only will you be losing the cost of the purchase but also money by trading with their EAs. Please please post your email, I will contact you and will send you my account details/statement to prove what has happened

Regards

Vimal
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Old 01-20-2009, 10:04 PM
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Regarding VIMAL's comments: I agree he has done two things (using Alpari and a VPS) to increase his chances of success, but there is one more thing he could do. Reading KARL's comment, VIMAL could use trade copier software that fxgtc has a link to ( Forex Global Trading Company ); they even give a contact person to help with set up ( sotiris.bogris@rogers.com ).

If this makes a difference for him, that's good news for all of us!

My experience with the EUR/GBP robot has 2 phases; before and after the broker spread increases. When you could still get 2-3 pip EG spreads during the Asian session, I made a whole lot of money with this robot. Like north of $30,000 in 2 months, on about $20,000 account size-no joke. But before you go out and buy it, you should consider a couple of issues.

First, a lot has changed since then. Primarily, good brokers don't offer 2-3 pips spreads on EG anymore. Try 5-8 pips now. BIG difference on a scalping robot. FXDD for example went from 3, to 5, now they are 8! FxPro went from 2, to 3.5, to 5, now they are 7. I still run mine with a 5 pip spread (no more), and it's performing ok, but it's a lot riskier now, and I think the robot will only ever be a shadow of what it once was. Part of the problem is that FAPTurbo, Sigma, and this robot all came out at the same time, and all try to scalp EG (very successfully for a while apparently). So, the brokers response has been predictable.

FXGTC does list 2-3 pip spread brokers on their website, but most of those are scam operations (in my opinion), or have offices in Egypt or something. Let's face it, for the forseeable future, 2-3 pip EG spreads are simply gone (during Asian at least, when this robot trades).

The second issue is the new personality of EUR/GBP. It used to be a calm, ranging, somehwhat boring currency pair (perfect for a scalping robot). Now however, this pair is on CRACK. It's not uncommon for EG to now have up to 400 pip daily moves, a range that you previously wouldn't have seen in months. Just take a look at a Daily chart of EUR/GBP and you'll see what I mean. The result is that a lot more trades get stopped out.

I still hold out hope that the "old days" (like 3 months ago) will return along with this robots amazing profitability, but as I said, it's now a mere shadow of what it used to be.

I did just buy the Artemis EU robot, but it's too early to offer a review on that, but I am hopeful. One reason I got it is that because it trades EU, broker spread widening isn't an issue, as virtually all brokers, even the bad ones, offer 2 pips on EU all the time. Plus, it's not a scalping robot anyway, so spread is not as big of a deal.

So overall, I am happy with this company; I just wish the EG robot would have had a longer lifespan of profitable trading...

Best wishes
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