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Tested Result: testing
Forex Magic Machine
 

Updated: May-2009

Profitable: 6/10

Easy To Follow: 6/10

Honest Result: 4/10

Support: did not test support

Bonus Value: 5/10

Results: 2/5

The Good: the strategy itself is not bad

The Bad: The robot strategy is stolen from the free vforce ea

 
 

The forex magic machine is a new product from the creators of the following projects: forexdominion.com forexkingpin.com semiautoforex.com theforexfantasy.com theforexlegacy.com theforexmaestro.com theforexmiracle.com theforexterminator.com - most of them does not work at all as you can read from my old reviews.

However this Magic Machine strategy is not bad at all. The strategy is based on plenty of standard indicators such as Stochastic, RSI, MA, SAR, BearsPower, BullsPower, ADX, MACD etc. and works on EURUSD H1

The Forex Magic Machine backtest results look promising only in 2006-2009:

The main problem here is that it is not an original EA. As one of my readers reported: The strategy itself is a clone of a free EA called VForce:
For 200 bucks, they sell you the 'original version' which is v1.1 of the 'vforce like ea' downloadable here: http://www.tradingsystemforex.com/expert-advisors-backtesting/1086-vforce-like-ea.html
For another 200 bucks, they sell you the 'advanced version' which is v2.0 of the 'vforce like EA' downloadable in the same thread as above.

The vforce ea has a 'modify order 130' issue cause by the ATR trailing stop and, of course, the magic machine has this as well. Backtests are literally the same. No improvements or modifications. Same ea.

So guys, be careful!

Update : After our investigation the Magic Machine was "sold out"...