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Thread: Forex Derivative

  1. #1

    Default Forex Derivative



    Forex Derivative Official Website


    What do you think guys?

    Could this be what it says or is it another one of funyoo's free EA which has been stolen and made commercial...?

  2. #2
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    Quote Originally Posted by Viv108 View Post
    What do you think guys? Forex Derivative

    Could this be what it says or is it another one of funyoo's free EA which has been stolen and made commercial...?
    Hi Viv108,

    Not sure what to think about it. I took a peek at their website and one thing I noticed was that they use some really large stops... some being 200 plus pips. Not sure about you but I am not confortable with that large of stop loss.

    I will pass.

  3. #3

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    Yes.. i agree.. however, I look at most of their trades.. and many of them close out prett soonish.. within hours. Although there is a large stop loss, I doubt it ever needs to be used. I'm still waiting for someone to purchase it and then tell me about it

  4. #4
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    I have purchased the EA yesterday and have installed it on my small live account for almost a day now. So far, no trade yet, I will wait for a few days to see how it is doing and will report back for everyone here. We will see soon....

  5. #5

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    I just had a quick look at the statement on their website...I would not be surprised if its the same script as forex megadroid. It does not trade everyday - but it trades on other pairs as well... also placing just 1 trade trader everyday (or 2 if the trade is going against you).

    Let us know how you do!

  6. #6

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    Another EA In A Sea Of Them,
    A Lot Of Them Crap, But A Few Good Ones,
    Just Like Life.
    I Will Keep My Eye on This Though,
    I Will Steer Clear Of Poison Robot Because
    Your Account Could Get Poisoned.
    But If Keep Seeking Eventually you'll Find Something Of Worth.
    At Least Megadroid & A Few Others Are Profitable,
    Even A Free EA Called Forex Auto Profit Is Making Money,
    Check Out FPA, Performance Test Tab.

  7. #7
    Junior Member xux99's Avatar
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    Nov 2008
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    Here are backtest and forward test results.

  8. #8
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    It has been a few days now, still no trades yet. Will update again later...

  9. #9
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    Surprisingly there are so many trades in the statement posted by Xux99.

  10. #10

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    Quote Originally Posted by snchan View Post
    Surprisingly there are so many trades in the statement posted by Xux99.
    So far has made half dozen trades in profit then gave 50% back in one trade. I am still in decent profit all in demo for now. But this is for only one day test. Let's see what happens in the near future...

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