Forex Apocalypse Robot Review PDF Print E-mail
Written by Andrew11   
Tuesday, 20 July 2010

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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