Here we will look at the Pro Forex robot and a robot which makes big claims regarding it's performance but is it likely to help you achieve currency trading success? Lets take a look at the trading system in more detail.

The Developer Ron Carter

The copy says that the Pro Trader Robot was created by a floor veteran by the name of Ron Carter and he introduces himself as a highly experienced trader:

“It's a nice living doing big trades for 28 years as a professional floor trader, though I've had my up's and down's - overall I still did GREAT throughout my career”

Later in the copy we have the whole teams experience outlined who came together to create the Forex Expert Advisor...

“Ron employed two true math geniuses, one market algorithmic expert, three Metatrader programmers and last but not least his three floor trader partners. Taking only the floor traders combined experience into consideration, we're talking a mind blowing 104 years trading!

So let's first look up and find out about Ron Carter and his background. I tried looking up to find some information on him on the web but apart from the affiliates selling the system, saying how great he was there was no other mention of him anywhere. Then I looked through the forums and found someone, who seemed to know who he was:

“There is NO Ron Carter, let alone 25-year-of-experience trading. I did some research and found out that guy is absolutely not a trader, he is an actor, whose real name is Stephen, working for LiveFaceonweb, here's his profile”

https://www.livefaceonweb.com/order.aspx?ms=male&lang=en-male&model_id=120

The guy even took a screen shot, just in case the person is changed so maybe is no veteran floor trader which hardly builds confidence in the trading robot but lets give it the benefit of the doubt by looking at its performance.

The Results

The figures are recommended by the “US Trading Institute” as being accurate but I have never heard of them. All I could find was an address in Florida and a mention they were course sellers. So not sure there recommendation carries much weight. So let's cut to the chase and look at the performance figures.

the copy tells us before opening the performance figures that:

“The above reports show you all details in full without fancy marketing or packaging surrounding it: Review with confidence!” but can you really be confident in these figures and can you expect the same profit potential? The answer is not really...

you can check an impressive number of statistics in various currency pairs and while the numbers are impressive where is the confirmation that these are real trades? Of course, like so many other robots these figures are just simulations going backwards and scroll to the bottom of the site and you will see the usual disclaimer 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.

Final Words

this looks like another of the numerous automated Forex trading robots that are sold with great copy but lack any form of track record or results in real time. As we all know, simulating a track record in hindsight is easy – we would all be billionaires, if we knew the price history in advance. Are you likely to make the gains it claims?

I doubt it but you can at present buy the Pro Forex robot for just $97.00 and even get VIP membership for 20 years!

“ I plan to stick around and make sure that this product gets tweaked, improved upon wherever possible, and will NOT be launching 5-10 more robots this year just to get into your pockets - I WILL BE GIVING YOU THE NEXT 20 YEARS WORTH OF MY UPDATES TO PFR AND ANY NEW ROBOTS ABSOLUTELY FREE! THAT'S HOW MUCH CONFIDENCE I HAVE - 20 YEARS WORTH!!

I am not sure that anyone will be trading this robot that long and it looks like all the other automated Forex trading robots with simulated track records which soon get replaced, by another holy grail system after people fail with the previous one.