Thread: Forex meta robot Forex Invation EA

Does any one have any ex[erience with the forex meta robot and also the forex invation EA.please share your experience.Are they good EA's as their authors claim?

Originally Posted by orits

Does any one have any ex[erience with the forex meta robot and also the forex invation EA.please share your experience.Are they good EA's as their authors claim?

Yes I would like to hear something about this Robots

I was a proud owner of ForexMetaRobot. It had fleeting moments of glory in high volatility sideways price action - capable of doubling an account in less than a week, however in a trending market it sucked big time and gave back all profits and some. Unless you know some way of predicting when a market will trade sideways it will ultimately chew down your account. It traded pairs such as the EURCHF, EURGBP, AUDNZD, AUDCAD during the Asian Session. Unfortunately the time filter (Asian Session) was not sufficient to ensure long term profitability. The ultra_trend indicator was also applied as a filter however proved unsuccessful too.

Originally Posted by PyeR2

I was a proud owner of ForexMetaRobot. It had fleeting moments of glory in high volatility sideways price action - capable of doubling an account in less than a week, however in a trending market it sucked big time and gave back all profits and some. Unless you know some way of predicting when a market will trade sideways it will ultimately chew down your account. It traded pairs such as the EURCHF, EURGBP, AUDNZD, AUDCAD during the Asian Session. Unfortunately the time filter (Asian Session) was not sufficient to ensure long term profitability. The ultra_trend indicator was also applied as a filter however proved unsuccessful too.

It was an elaborate confession
thank you