The FXNitro robot claims to beat every other automated Forex robot and claims profits of over 1,000% per month, meaning annualized gains of over 12,000%! Even better, it claims low draw down and its a 100% automated so you have to do no work – it looks to good to be true so is it? Lets find out.

Anyone who buys this robot is very naïve, when you see claims of gains above even a 100% should be wary of the systems being able to make such returns and lets face it if the FX Nitro system really could make the gains it claims, with so little draw down, even George Soros and all the other world's super traders would be jealous!

The Developer

The name of the developer is apparently Johnny Livermore, ( A bit of a similar to the well known trader of the 1920s Jessie Livermore so lets see what he has to say:

“I'm the guy that's fed up with everyone lying to me.... “I've seen another powerful force that's taking over the Forex world by its feet, and that's anger - righteous anger with all those who are either lying to us or dreadfully taking our money away without ever providing a good service. Selling us products that don't deliver.”

Real Time Audited Results

One of the most amusing things about this robot is it claims live results

“But what about the live trading results?

Well, the fact is that FXNitro has behaved a lot better than expected. That's because FXNitro's last losing trade was made in December 22, 2008. Which means that by now, it has not made a single losing trade for 11 months. That's almost an entire year.

So here is proof that from April 12 up to July 27 it has made on average, 114.93% every month.”

So do we get any proof that the robot has made these gains?

We get some statements of account but there is no broker name on them and the figures of course are not audited. So let's look at the bottom of the page and we find out how the robot is able to produce such great gains – the results are simulated over past data, knowing all the closing prices!

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.

The vendor states”

I'm charging a one-time payment of $147. It only seems fair, in my opinion, that if you're going to get a truly better product, you should pay more.”

This amused me - if the robot really did make the gains it claims, banks would buy it for hundreds of millions of dollars or more – but it hasn't made any gains and that's why its so cheap.

I don't think we need to say to much more claims of profits which are just ridiculous and no track record. FXNitro has amusing copy but its like a huge number of other automated trading systems sold online big on claims and no audited track record to back them up.