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Result: possible scam
Forex AutoMoney

Updated: November-2008

Profitable: N/A

Easy To Follow: 0/10

Honest Result: N/A

Support: did not test support

Bonus Value: N/A

Results: 0/5

The Good: Possible scam service

The Bad: No real proof, no past performance, a lot of red flags on site


My Opinion: Forex AutoMoney has so many "red flags" on their website so I would prefer to avoid it at all.
1. First of all it is not an automated system (EA) or ebook trading system. This is a full blackbox signal service. You cant backtest it.
2. No past performane is published on the website. The vendor explains on FPA "We have no exact performance reports. That's because our system can be used 24 hours per day in all time zones with 18 currency pairs - it's not possible to show all possible results. Only 1 day of trading has over 30,000 possible transactions (number of time zones x 24 hours x 3 strategies x 18 currency pairs) and the real performance can be shown on at least one year period. It's just impossible to show such reports for all possible variants.
To be honest that sounds like a bullshit to me. Do they make so much money that it's even hard to calculate it in reports? That does not make sense to me. You made so many transactions that cant post all results? Ok, why not. But why don't you publish results at least for 1-2 major pairs and strategies?
3. To use the sytem you must be near your PC with trading platform at special times when they release the signal. I believe this is outdated approach, everyone is using automated trading now and don't even bother sitting near PC at exact time every day to execute the trades..
4. Website marketing looks like a piece of crap. Take a look yourself. How do you like that "4,000,000 pips last year" ? That is 4m / 250 trading days = 16,000 pips per day. 16,000 pips / 18 pairs = ~900 pips per day per pair !!! What an inspiration to all of us under-achievers. ;-) Also take a look at their transactions report from the main page. If you place the numbers in Excell you get 34K instead of 46K claimed. Don't you teach your staff to count?
I have made the screenshot with the investigation in case they remove it:

Conclusion Too many "red flags" for me here. I would not waste my time trying their service that looks like scam to me so please don't ask me to review it.