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Tested Result: testing
Poison Robot
 

Updated: May-2009

Profitable: 5/10

Easy To Follow: 5/10

Honest Result: 2/10

Support: did not test support

Bonus Value: 5/10

Results: 1/5

The Good: EurUsd Backtest shows slow equity growth

The Bad: The Poison Robot real backtest results do not match the vendor's backtest on EURUSD and GBPUSD

 
 

Poison Robot website has several "red flags" - scam signs:

I have made screenshot of these red flags otherwise they will disappear after vendor reads my review. You can see the screenshot here: Red flags on Poison Robot site

1. First of all "Live statements" are not really live and updated manually by the vendor. When I checked the statement it showed 2009 May 28, 21:05 however it was 29May afternoon in reality

2. He is trading DEMO account in Alpari (UK) Ltd not Live account. Live accounts have 4 digits in the account number. His account Account: 802239 has 5 digits.

3. The transactions are sorted by time however the orders: 50588304 2009.05.21 22:30 sell and 50588806 2009.05.21 22:31 are in incorrect order comparing to other transactions which of course does not mean anything however could mean that it was manually manipulated.

4. Vendor said "Poison Robot is NOT another scalper - which means that you can use it with any MT4 broker" however if you look through backtest you can see that most of the trades are closed within minutes or hours and TP=20 which means that it is still scalping. However I dont see anything bad in trading scalping methods.

5. The backtest on the website shows 100% wins. We found a holy grail lol? I guess every newbie understands that no system can generate 100% wins. That could only mean that backtest was simulated to fit the historical data - the only way to show 100% wins. The robot will never trade like that on the forward test and I believe this is misleading information.

The Poison Robot real backtest results do not match the vendor's backtest:

The bottom line is - poison robot is not a scam, however it is far from perfect.

Update - I was provided with version 2 however i could not get any good results from its backtest as well