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Tested Result: fail
FXPromaker
 

Updated: February 2009

Profitable: 3/10

Easy To Follow: 7/10

Honest Result: 5/10

Support: did not test support

Bonus Value: 5/10

Results: 0/5

The Good: They opened some sort of Private Trading Group...

The Bad: Backtest results showed tiny profits and then total account was blown away

 
 

They sell several EAs however I had a chance to test only MAIN FXPROMAKER EA. The algorithm is some sort of ugly martingale - backtest results showed tiny profits and then total account was blown away. Be careful with it!

Here is the member's review: "I have been testing and Live trading this EA for the last 4 months. Risk to reward of this EA is pretty bad. Even if trade .01 lot on a $10000 account with moderate volatile pair such as USD/JPY, it just a matter of time before you get a margin call. Not recomended. and here is more "I haven't buy this system, but its demo is really amazing. Can you imagine? I LOSE 20% per day. I say again : I LOSE (not Gain) 20% per day. It is unbelievable. It is a scam."

Update: They opened some sort of Private Trading Group...The price is huge (from $950 per 6 months)