My experience with Forex Apocalypse Expert Advisor
I should have known to stay away from any product who's sales page claims 100% success. I had little knowledge about Foreign Exchange Trading. There were few reviews most of which were more like advertisements but since i was unable to find any negative reviews I decided to to try forex trading with the Forex Apocalypse EA. Not having to experiment with or change the settings of the EA sounded very appealing to a Forex Novice and its track record of not having lost money in years seemed unbeatable and made it sound like a good investment. I also signed up for the recomended trading platform to use with this EA which was MetaTrader which had a length sign up process. Unfortunately this platform only runs on windows so i was unable to use my Macintosh computer and was forced to borrow a windows computer. I was able to fund my account through paypal and installed the Apocalypse EA. Though I thought i was ready to go, I had trouble getting the EA to begin live trading. When I contacted the MetaTrader support and reinstalling their software didn't help, I was told to contact the Forex Apocalypse support.
I was unable to find any support link on their website but found the email I received when I purchased the Forex Apocalypse. I sent my question about setting up the EA through this email. They responded within 24 hours, which was very impressive but by then I had figured out what the problem was. The EA did not have permission to do live trading. I changed the settings and was ready to go.
The settings of the EA were left on the Default which were the following: magic number : 20202111 eachtickmode : true Lots: .5 stop loss: 250 takeprofit: 500 trailing stop;: 65 slippage: 3 Nothing was changed.
The EA was working on 30 minute graphs and all major currencies. As expected, it took a few days to make the first purchase. Unexpectedly, that same day I lost over $250. I had read that for best results the EA had to run 24 hours a day and because i didn't have much confidence in that borrowed windows computer I decided to invest in ForexHoster. I set up Forex Apocalypse to run on their remote server, a service which costs over $60 a month. I also read through the Forex Apocalypse manual again which stated that the graphs should be set at 4 hours and 1 hour for best results/accuracy. The changes were made and the EA was left running again, this time 24/7 on my new ForexHoster account on 1 hour and 4 hour graphs. I was hopeful when this EA made another purchase a few days later but again sever hours, i had once again lost almost $300. Very much dismayed, I wrote to the Forex Apocalypse support, telling them of my problems and asking for any help or suggestions. Once again I received a timely response. They suggested that I use shorter time frames and that "EUR/USD is the recommended currency pair as it produces the most stable signals". Once again the changes were made according to the recommendations given. Unfortunately the continuous losses continued and three weeks from when i first purchased Forex Apocalypse, I had lost over 800 dollars. Needless to say this was a hard learned lesson. I will be attempting to get a refund and I'll also be canceling my ForexHoster account.
I hope that you'll learn from this very expensive mistake and steer clear of foreign exchange trading. No matter what the well written and misleading sales page says, forex trading is more of a gamble than an investment. A "magical" EA does not change this.
But remember, not everything on the internet is a scam and it is possible to make a living from home. I've had great success with certain programs. To find out more visit www.ProsperLane.com. - 23229
I was unable to find any support link on their website but found the email I received when I purchased the Forex Apocalypse. I sent my question about setting up the EA through this email. They responded within 24 hours, which was very impressive but by then I had figured out what the problem was. The EA did not have permission to do live trading. I changed the settings and was ready to go.
The settings of the EA were left on the Default which were the following: magic number : 20202111 eachtickmode : true Lots: .5 stop loss: 250 takeprofit: 500 trailing stop;: 65 slippage: 3 Nothing was changed.
The EA was working on 30 minute graphs and all major currencies. As expected, it took a few days to make the first purchase. Unexpectedly, that same day I lost over $250. I had read that for best results the EA had to run 24 hours a day and because i didn't have much confidence in that borrowed windows computer I decided to invest in ForexHoster. I set up Forex Apocalypse to run on their remote server, a service which costs over $60 a month. I also read through the Forex Apocalypse manual again which stated that the graphs should be set at 4 hours and 1 hour for best results/accuracy. The changes were made and the EA was left running again, this time 24/7 on my new ForexHoster account on 1 hour and 4 hour graphs. I was hopeful when this EA made another purchase a few days later but again sever hours, i had once again lost almost $300. Very much dismayed, I wrote to the Forex Apocalypse support, telling them of my problems and asking for any help or suggestions. Once again I received a timely response. They suggested that I use shorter time frames and that "EUR/USD is the recommended currency pair as it produces the most stable signals". Once again the changes were made according to the recommendations given. Unfortunately the continuous losses continued and three weeks from when i first purchased Forex Apocalypse, I had lost over 800 dollars. Needless to say this was a hard learned lesson. I will be attempting to get a refund and I'll also be canceling my ForexHoster account.
I hope that you'll learn from this very expensive mistake and steer clear of foreign exchange trading. No matter what the well written and misleading sales page says, forex trading is more of a gamble than an investment. A "magical" EA does not change this.
But remember, not everything on the internet is a scam and it is possible to make a living from home. I've had great success with certain programs. To find out more visit www.ProsperLane.com. - 23229
About the Author:
For great information on how to make a living online visit ProsperLane.com where you can sign up for a free associate membership and watch live daily webcasts on all their products and services.
posted by X - Men @ 2:28 AM
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