Here we have a Forex robot which claims, to have turned a $10,000 account into $38,627 in 17 months and claims a 98.86% accuracy in the period. Now these are truly outstanding gains but is the Forex Ironman the real deal or just yet another robot which claims huge gains and presents no audited track record, to support them – lets review Forex Ironman in more detail.

This Forex robot the copy claims is bought to you by:

“Forex Ironman opens new Forex strategy areas never used before and is brought to you by the pioneering NEXT GENERATION FX TRADING TEAM”.

So what is different about the robot and what do the next generation FX trading team give you in terms of making profits from the Forex market? Well here is more copy ..

“The renaissance of professionals at Next Generation FX Trading created an all round program after they discovered the unjust tactics of the TOP DOG TRADERS. They analyzed the psychics in the forex market and created trading methods proven by back tests and live accounts. Forex Ironman is the most modified robot that formulates patterns in the market. Therefore, those FILTHY TRICKS used by those SCROUNDREL TOP DOG TRADERS are the very same strategies given to you with the mind blowing Expert Advisor that works completely on autopilot. Even if you are a novice at Forex Market Trading, you will take home incredible profits”.

The above is kind of odd language to say the least and bit quite sure what the "filthy tricks" used by the "top dog traders" are  but this copy follows the copy format, of many other robots we review which point to a simulated track record, done on paper, in hindsight, knowing all the closing prices. So lets just focus on the incredible profits and see if we can find the usual "to good to be true" figures and the simulation disclaimer.

Of course you get all the usual great profits and examples and then, you get the usual CFTC disclaimer and here it is for those of you who have not seen it:

CFTC RULE 4.41

*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 its a simulated track record done in hindsight knowing all the closing prices, so its like many other robots. NO real time audited figures and just paper profits done knowing all the closing prices. The copy continues:

“Forex Ironman takes the fear out of volatile markets for the Forex newbie which means Forex Ironman will do it right and you will take all the credit away from Forex Ironman. Typical!!

Forex Ironman can predict every Candle stick pattern and can decipher if it is a reversal or continuation pattern in the current market”.

Umm and the cost of the system just $97.00, for this ability to get every candlestick formation right. The price though is a limited offer and the price has apparently been reduced from $997.00! So should you choose Forex Ironman to lead you to currency trading success? Well you decide that one - but I think this robot sounds like the other huge amount of trading systems sold – big claims of profit and no track record of real gains.