The no loss robot claims it has never had a loss at all – lets review the Forex no loss robot and see if its to good to be true or it lives up to the hype.. is it to good to be true or will it lose you money? Lets take a look.

Of course if it looks to good to be true it is and this robot if anyone buys it believing the hype is in for a big disappointment. Think about it – even the real super traders like George Soros and Jimmy Rogers have losses and so to do even the best traders employed by Hedge funds and banks who are made multi million pound salaries yet, for a small outlay of just $149.00, you are supposed to believe that you can beat them all! Trust me if there really was a no loss robot, it would be worth billions not 149.00 dollars!

They justify the low cost of the No Loss Robot though in the following way:

“But we are traders, not businessmen! I hate sales pitches and monthly fees as much as the next guy! The truth is we make enough money off of running our No Loss Robot™ for ourselves that we don't need the extra money from selling this robot. That's why for a limited time we are setting the price of the No Loss Robot™ to a flat one time payment of $149”

Which kind of amused me now onto the real question – So how do they make the claim?

Simple its not real trading - its just a simulated back test across historical data and you can see how they make no losses – they carry huge open losses and count closed profits. The EA places trades based on statistical indicators but they only come with take profit points and no stop loss is set. So it can make several small winning trades but will get blown out the water when a prevailing trend big trend change comes. So money management is no existent yet on the site this bold claim is made:

“Everyone always says money management is crucial and they're right! That's why our robot has built in calculations to make sure it is only trading a certain percent of your available account balance. We do the hard work for you to keep you safe”.

I don't see anyway this Forex trading robot has logical money management and the idea you can carry huge losses on accounts is ludicrous but the robot claims you can make money on a few hundred dollars. This system is simply a curve fitted system going backwards and has the normal disclaimer from the CFTC in relation to this:

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 bottom line is a trading system bent to fit back data and as a heavily curve fitted will fail to reach the same results in real time trading. The sales copy continues...

“We could fill a book with all of the other revolutionary features we have programmed into the No Loss Robot™. But I'm sure you are much more interested in the bottom line”

The bottom line they claim is no losses but I think the bottom line of the no loss Forex Robot is that it's yet another robot which makes ludicrous claims and while naïve and greedy traders will buy it, any sensible trader will steer well clear of it.