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I received a lot of emails to review the Forex Neutrino. However I have read too much negative information about it so I decided to miss it. So there is no review here and no ratings. The only information I know is Forex Neutrino is semi-automatical signal software with some bad manual.

The marketing page has a funny "red flag". Take a look:

I have made this screenshot because I am sure they will fix it asap. The developer deposited 3000 usd and made a profit of 706 usd in closed trades which resulted in 66K of proft LOL :)

Pip Android was released in February 2010. This expert advisor uses four pairs: EURCHF, USDJPY, GBRUSD, AUDNZD and works on two timeframes - H1 and H4.

This EA shows stable results on backtests and nice profit. Backtest on H4 timeframe is better than on H1. Pip Android developers recommend that you use it on H4 timeframe, because it is better for the low risk trading. Don't use this robot on timeframe below H1 - it will make unpredictable results. Drawdowns are not so small, but for long term tests it's Ok. Good news is Pip Android is not so sensitive to the spread.

This system is easy in use if you have some prior experience in forex trading and this EA provides a set of free pre-launch bonus indicators and exclusive discounts. Website of this EA contains complete backtest results and a forward test as well.

Pip Android performs good only during normal market. It can be unstable during weeks with high impact news releases, so beware and don't leave it unattended!

As ever I was among betatesters. I was betatesting the robot and here is the first backtest:

pipandroid backtest

Its hard to draw any conclusions now. I have placed it on the forward test. Robot looks good so far. However the strategy does not look new - it seems it is new Ausian scalper for EURCHF.

The developer of the Primeval EA Sergio C. was kind to share a betatesting copy of the Primeval EA with our team. Primeval EA offers "6 Advanced & Very Profitable Strategies - All In One"!

The trading and backtest show good results however after analyzing the code I was upset that some of the strategies inside the Primeval EA are stolen from other commercial robots. For example I found code from fapturbo and dragonpips (forexshocker). I have asked the developer about this issue.

Here is his reply: "OK I admit that I took some ideas/strategies from other EAs that I considered profitable, however my EA doesn't perform similar to these ones, I improved/changed many things.

Other strategies like "FiveMA" and GBPUSD_Hedging are original. For example GBPUSD_Hedging uses such indicators like ADX, MA, ATR, RSI.

Forex Pitbull was released in March 2010. The developers of this robot claim that Forex Pitbull was profitable during last 10 years. I have tested it from 2005 and got good results on my backtests. Robot shows good performance during more than five years. Forex Pitbull is not so sensitive to the spread. However the strategy is very risky and involves grid + martingale lot doubling so make sure you use 0.01 lot!

The robot does not use standard levels of Take Profit and Stop Loss, these parameters are calculated automatically, depending on the market conditions.

Forex Pitbull backtest on EURCHF

However Pitbull has its weak points as well. First of all, the developers of Forex Pitbull claim that it works with every currency pair and they suggest that you put it on 22 charts, but it isn't right.. for example, if you test this expert on GBPUSD pair you will be surprised to see the stop out even if you used 0.01 lot, therefore I recommend using Forex Pitbull with only standard currency pairs without GBPUSD.

Forex Pitbull backtest on GBPUSD shows total loss

Forex Pitbull provides a set of bonus indicators and useful documentation. Website of this EA contains complete information and a forward test as well.

This robot shows stable enough results and I already placed Forex Pitbull on my account for the forward test. You will see my results of the trading and my full forwardtest later.. Take care!

I have tested this robot on history:

Forex Pitbull backtest on EURCHF

It is awful! Drawdowns are too high!!!

The developers of this EA claim:

"The settings above highlighted in Red settings. The settings are not meant to be changed. If you are an experienced Forex investor with insight to the market, then you may benefit from casual adjustments.

However, if you are new to Forex or simply do not yet have the market insight to know when to adjust the settings, you are better off leaving them always at their default values as these are designed to be profitable in the long run."

However the backtest shows a sad picture. The risk/reward ratio is terrible - 300 pips SL for a 5 pips gain! Moreover be careful with GBPJPY currency, spreads may be high on some brokers!

The robot website looks like scam - incomplete backtests that show only proper periods with profits, so called "live trading" results for 9(NINE) lol happy days of trading that are not updated in real time. beware!

This is hilarious. I tried to contact their support. Here is what I received: Thank you for contacting No More Support. This is an automated response." does that sound funny to call support company "no more support?" Their site is http://nomoresupport.com LOL

Forex panter website looks like one more junk $97 robot to me. The website has too many red flags. For example main proof "live traded account" is not really updated in real time. Just compare the time. The updates were stopped 2010 February 5.

All other claims like "$186,221.40 in NET profit!" also don't have any proof. Seems developers do not trade it at all. No links to Mt4stats or MyFXbook are shown as well.

Update: here are some backtests:

BackPanter Backtest on EURCHF

BackPanter Backtest on GBPUSD

However long backtest shows total failure:

BackPanter Backtest on GBPUSD

Torpedo looks like one more $97 junk bot to me. All the backtests except USDJPY show terrible results. The developers did not bother to show any proof of trading at all. Conclusion - nothing interesting here. Cheap low quality robot.

Forex Torpedo EURUSD 2005-2010 Backtest:

Nothing interesting here. ForexRipper is just a new $97 junk bot from the developers of forex magicbullet.

ForexRipper EURUSD backtest

FX Zapper is a scam EA from the "developers" of old scam called FxBrokerBuster. As you remember FxBrokerBuster was stolen from the free EA called Donchian MA Scalper from the Elite section of funyoo’s tradingsystemforex forum. After 4xProject busted the scammer he decided to stop the sales and came up with new idea...

Imagine what happened? He simply took another free EA from poor funyoo guy and called it FX Zapper. The free EA was originally called Xbars MA Scalper..

What a shame. Beware guys.