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Tested Result: possible scam
No Loss Robot
 

Updated: November-2009

Profitable: 5/10

Easy To Follow: 5/10

Honest Result: 0/10

Support: did not test support

Bonus Value: 5/10

Results: 1/5

The Good: No Loss Robot is based on Steinitz MTF robot

The Bad: No Loss Robot is a possible scam.

 
 

No Loss Robot is a new robot on the market which claims 100% no losing trades. Obviously there are no systems that can generate 100% winning trades so this one smells like scam to me. Here are the facts:

1. The robot is not a new system but a rebranded edited Steinitz MTF robot sold under a different name
2. The system does not use SL which explains its "No Loss" Claim. That means your trades will be hanging open forever until they reach TP or blow your account completely.
3. Their so called "actual LIVE account statement balance" is a forward test from Demo (!) account. Results are from October 2008 (!! robot was released in october 2009). So obviously results are not actual and not live..
4. "Watch trading in REAL time!" - the iframe is empty and there is no real time publishing available.

We have made the backtest of the No Loss Robots and it showed the opposite picture - total loss:

No Loss Robot Backtest 2009
No Loss Robot Backtest 2008
No Loss Robot Backtest 2007

The marketing page says "No BS, our robot works and WE HAVE PROOF!" and "That's right, SEE A LIVE ACCOUNT IN REAL TIME WITH REAL TRADES!". However all these claims are just BS and are not proven. The result - possible scam.