If you read the testimonials from Forex Ambush trading software, you here of guys making huge gains and losses? I didn't find any in the reviews I read but is Forex Ambush a robot that really makes money or is it just one of the huge number of robots which will wipe your account out quickly? Lets review this automated trading software and see.

The basic concept behind Forex Ambush looks doomed to failure from the start and this is the logic you base your trading signal entries on:

Forex Ambush Investment Strategy

You enter a trade and look to take a profit of about 20 pips. If the trade goes up, that's all well and good and you employ a trailing stop of around 5-8 pips. Then, if the trade exits profitably you've got a small profit but the really scary part of the software is this:

If the trade goes against you, there is no Stop Loss at ALL!

You simply are supposed to sit and wait but who on earth would see this as sensible trading? The system aims for small profits and leaves you open to huge draw down. What were these guys thinking of?

Their principle of trading Fx is “ run your losses and take small profits” but if you do this you will get wiped out quickly. The accepted way to make money in Forex is totally the opposite which is “Run your profits and cut your losses”

If you look at the site it claims:

“Never Seen Before and Totally Unheard Of 99.9% Accurate* Artificial Intelligence Forex Trading Signals”

Not even the world's top traders would make a claim like this but Forex Ambush does and it also claims, to have advanced artificial intelligence too - which is good copy writing but doubt if it is advanced and its no help in Forex trading anyway but naïve traders think that it is.

You also see a quote saying that Forex Ambush has been “in the news” and lots of well respected sources are quoted underneath like - CNN, CNBC, Bloomberg,USA Today and Business week but search the sites and try and find anything on the software if you can - I didn't find anything at all.

The site also gives account statements to back up its claims of profits but I wonder why in the disclaimer section, you get the standard CFTC warning which is repeated below:

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Forex Ambush doesn't add up to me and the claim of 99.9% accuracy seems to good to be true but I thought I would click to the buy page anyway and saw this note:

“We are not currently accepting new members at this time because of a systems overhaul. We will be back by May 31, 2010. Please bookmark ForexAmbush.com and do not forget to return”

So you can't buy the system at present, I will curious what the “systems overhaul” is. Maybe there going to make it even better and claim a 100% accuracy! Will be interested to see and will update this review of Forex ambush after this date.