I have a had a lot of email recently, on a trading system known as the Rover North Forex trading system. Of course the claim is - its the best system ever, just as the one these people mailed me before was the best system ever - so lets take a look at the Rover North trading system in more detail.

On the email I received, the performance figures are quoted which are:

Performance Figures of Rover North

"P.S. Don't forget the numbers! This is what this system has done so far.

He gained 314.8% in one month.

He gained 122.11% the month after that.

Last month, he made 104.37% in just two weeks."

But are these figures really real?

Lets return to this in a moment but lets see how Rover North came about.

History

“It beat 1290 other traders in one of the toughest Forex trading competitions in the wold.”

Really? I saw another system which did this a while back and it was sold heavily with great figures and then not seen it again since. The copy continues...

“It went on to beat the other 19 finalists of the live real money round of the same Forex competition.” and “Over 20,000 people watched every trade during the demo and live round. There was complete transparency”

So 20,000 people saw it make money so they should have a great number of buyers already. Personally, I don't see the relevance of the above, have never heard of the competition or know anyone who watched it.

We get a lot of logins claims of beta testing real money accounts etc but it would be nice to have an audit from a reputable accountant. We don't get one which is common with almost all of the highly marketed Forex robots. Next, we get winners of a competition for making comments however not sure why we need to know but there on the site if you want to read them.

Despite all the claims of real money gains etc we also get a disclaimer:

The Disclaimer

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

So if its all real money why a simulated disclaimer? It either made the gains it claimed or it didn't; as I have said earlier any trading system which had an independent audit of results would be a great bonus in selling any system.

The System Cost Just $97.00

Let's go the end of the copy and look at another quote.

“Remember, this trading system outperformed 1290 other systems on both Demo and Live accounts and turned $1,000 into $2,122 on a Real Money Live Account In Under 30 days...this could change your life!”

So the cost for the Rover North system and an income for life is just $97.00 which is in line with the vast amount of other trading systems which are sold online.

My point on these track records is if they really do make the money they claim, there doing better than the top fund mangers in the world on multi million pound salaries so why don't banks ever replace these expensive dealers with cheaper robots? You have probably guessed the reason why.

Do I think the Rover North currency robot will make huge gains as it claims? Personally I have my doubts.