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Tested Result: fail
Forex Maestro
 

Updated: February 2009

Profitable: 0/10

Easy To Follow: 8/10

Honest Result: 0/10

Support: did not test support

Bonus Value: 5/10

Results: 0/5

The Good: nothing good

The Bad: System does not work and the claimed performance does not match the backtests. Red flags on the website.

 
 

One more piece of crap popped on the market. The website itself has a lot of red flags: bold claims and trading screenshots without any real proof and statements... For example they show screenshots with trading results on such pairs like AUDNZD with no stop loss and take profit however in their USER MANUAL they "highly recommend to trade EURUSD, USDCHF, USDCAD, EURGBP". Nothing is said about the NZDUSD, AUDUSD and EURJPY that are shown as a proof of trading...Also the system uses take profit = 30 and stop loss = 300, not zero values.

The user manual is a joke itself. It is a 15 page PDF teaching you how to install the metatrader basic stuff however nothing is said about the system strategy, backtest performance and things that are really important to the trader..

The system was created by the developers of Terminator that has the same aweber address: HL Direct Ads, 202 Bukit Batok St. 21 #17-98, Singapore, 00 650202, SINGAPORE. Both websites cross promote themselves.

The Maestro investigation and backtests:

Is it hype? Yes it is a hype.