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REVIEW: The last few weeks I have been really overloaded with requests to review this new forex product Silicon Forex. So finally I decided to give it a try and purchased it. At first sight, I liked their website: nice cool graphics, videos with backtests etc. But what about the product itself?
First of all my backtest did not match their backtest. I made backtests in the Alpari broker using an initial capital of 10,000 USD. The starting date was 2003 and ending 2008. The robot performed well in the backtest but the profitability is rather low compared to other forex robots. I used default settings. Robot made only 70% profit in 5 years.
I guess maybe they optimized it for the recommended broker. Anyway this expert advisor is not bad and worth your attention. If you prefer safe trading with low profits and low risk Silicon Forex could be the solution for you. As for me, I prefer more risky but highly profitable systems.
SITE IS DOWN: Silicon website is down for several weeks. Looks like they are gone for good... one more scam :(
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