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Forex
Apocalypse is yet another Forex trading robot which claims huge
gains in fact this one claims – a 100% strike rate in 14 months
which is of course better than any of the world's best FX traders on
multi million pound salaries yet this robot costs just $97.00 –
Doesn't add up does it? Well lets take a look at this Forex Expert
Advisor and the way the track record is constructed, in order to make
a profit.
The
copy is much the same as all the other cheap robots, making claims
which are quite frankly ridiculous, lets take one of the claims about
Forex apocalypse's profit making power:
“take
a look at how it took an account with an initial balance of just
$3,000 to over $170,000 in just over a year on the default settings”
for
those of you who want the maths on the gains here is more of the copy
of the profits this robot can supposedly make:
“That’s
an amazing 5,666%
return on investment and it’s over $170,000
of real
spendable
profit”
So
for spending just $97.00 you could be making hundreds of thousands of
dollars in profit on auto pilot but of course there is a catch and
the catch is the robot has never been traded in real time and while
there are claims it works just as well in real trading as back
testing there is no audit of the robots performance to back the
figures up.
All you have on the site is - the usual CFTC risk
disclosure tucked away at the bottom of the page and here is the
reason the robot can out perform the world's best traders – its a
back test done knowing all the closing prices, here's the disclaimer:
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.
So
this is yet another Forex robot which relies on back tests and of
course, anyone can make a profit knowing all the closing data and this
is yet another one.
To
encourage you to buy Forex Apocalypse, you get the usual its going to
sell out and the copy continues:
“There’s
only one
catch. We’re only selling a few copies of Forex Apocalypse. This
way we can provide dedicated support to our members without
compromising on our high standards. If you see “sold
out” on the right hand side
of this page instead of an order button, you’ll know it’s already
too late.”
However
I reckon they might try and sell as many as they can! You can
become an affiliate and make 60% of the gross sale which leaves the
developers with under $50.00 for selling a system which makes hundreds
of thousands in profit!
If the system really did work, they wouldn't
sell it they would be to busy making themselves multi-millionaires,
than to hassle people for $97.00 a copy.
Forex
apocalypse is yet another robot which will feed on greed. Many
naïve or greedy traders, will buy it and they will end up
disappointed as they do with all the other cheap Forex robots
offering a lifetime of financial freedom for the cost of a good night
at the bar and we all know the old saying – “if it looks to good
to be true it probably is” and that applies to this robot.
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