IvyBot is one of the most popular automated software packages sold online and promises you - financial freedom with no effort, for just a one off cost of $149.95 but is it to good to true? Lets review the IvyBot system in more detail.

The first thing to note is the copy for the system is well written and quite compelling but my guess is that this is yet another robot with no real time track record of profits – but first lets look at the claims the robot makes:

The System Claims

“The actual IvyBot system is a unique algorithm developed exclusively by the IvyBot team. The algorithm uses a special combination of the following variables: Trend analysis, weighted price action, technical price patterns, market liquidity, volatility, and forward projection scanning. This combination of parameters is fed into a structured IvyBot equation that allows the system to predict the futures with accuracy of 98%”

The Track Record

98% accuracy! Who are these guys trying to kid? This would be better than the top hedge funds managers, on countless millions in salaries and yet you can get a better performance than them, for $149.95! This would be amazing if were true but of course it isn't and despite the fact that live results are claimed, you don't see an independent track record - all you get is the usual simulated results warning and for those of you who haven't seen it here it is:

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 there you have it yet another currency trading robot which claims big gains but produces no evidence of them and carries a warning of a simulated track record.

Final Words

You do have admire the copy though it tells a great story ...

"Throughout life we were never considered to be very cool or popular. We never got the pretty girl or the invite to the big party. But that was ok, because we were always smarter than everyone else. We were nerds, yes NERDS!! We wanted to learn everything we could about anything. We spent long nights at the library studying a variety of subjects, but Math was our favorite”

very funny (although math should read maths) and of course, the nerds get their revenge big time...

“Numbers and calculations came very easy to us and we loved playing with them. We played with them until they became our friends, and those same big numbers in school became big numbers in our bank accounts; because while everyone was out having a good time, we were finding ways to make it BIG”.

They make big numbers in their bank accounts but I doubt if its from trading, maybe selling systems but you never know, maybe the good life is open to you if you use this system imagine this:

“Wouldn't it be nice to take vacations, go out to nice dinners and buy new cars whenever you want? All of this can be accomplished automatically with Ivybot. Ivybot even makes me money while I sleep!”

Dont think I will try this currency trading robot, I have seen it all before, IvyBot is just another of the huge amount of automated currency trading software sold online which makes unrealistic claims and doesn't back up the claims, with a real time audited track record.