Hi, Sorry for my slight disappearence but my home laptop Windows Vista decided to bust up. Anyway…so lets s start…

Trading Week 10th – 14th August: Winning Week
This was a great week for IVYBot. 7 trades, 7 winning trades.
Profit of $54.04 with 0.1 lots default settings.

One thing to note here is that IVYBot left a trade open on Friday which I didn’t like.

Trading Week 17th – 21th August: Confusing Week
Well I was waiting for a loss trade to calculate the stop loss IVYBot is doing by default, and finally we got one, more than one

I had one trade that I am sure of, with a loss of -$171.39, with 0.1 lots. My demo account is $1000, so basically 17.14% loss. NO GOOD. Your risk per trade must always be 2%-5% per trade – NO MORE, in fact recommended is 2%, but 17.14% loss is very bad, extremely bad.

It is a proven fact that even if your account falls by 50%, it will be very difficult to recover. With 17.14% risk, with 4 – 5 successive bad trades, then we can simply close everything down. And hey I am not an expert trader far for it, but I do trade and money management is the most important thing in Forex. Risk more than 5% per trade, keep waiting for your bad trade to become good, and you are wiped out in a day or two.

Anyway back to IVYBot, I still can’t understand why it is risking all that amount, for just 8pip profit!

There were some more good trades along the week, but is useless to talk about them with that -$171.39 loss since the profit is negligible.

And yes I have 3 yes 3 open trades by Friday with total loss between them of around $150. I bet this will end up with $500 compound loss.

Yes Monday morning I stopped IVYBot from my Live account since I knew something is wrong – thank God.

Action Plan for next week.
I will create a new demo account $1000, will set a stop loss of 5% per trade, that is 50 pips and see how it will go. This is how I was thought to trade Forex, and it is the only way that works, so if IVYBot do not like the stop loss than he may simply f**** off.

I will test with 70 pips as well although I am not very keen on this, but will do.

And apologies for not cooperating lately.

PS: Forex Decimator did some good trades, but eventually I got confused since with that demo account I am testing some expensive services (but are extremely reliable) and I got confused which trades were of Forex Decimator robot. hehe now I have separated everything.

Hi People,

A new robot is out just now – FOREX DECIMATOR.

Forex Decimator is a new, revolutionary robot that will allow you to profit consistently, in any condition and with unrivalled accuracy. It has a proven 92% winning trades accuracy, putting itself at the very forefront of Forex trading technology.

Forex Decimator’s incredible in-built money management rules mean that you will never see your profits wiped out with a single bad trade…A problem many other robots fail to solve.

GET YOUR COPY HERE

This is what they said. I have bought the robot since it is from ClickBank and right now the price is $97 for the first 200 users. I will be demo testing the robot and will post results.

A friend told me that they will sell only 500 copies of this robot. Whether this is a marketing stunt or not I don’t know. But if they sell only 500 copies than they care about their customers – in theory!

Anyway grab your copy now, since if the above is true, you may have missed a good robot. At the end of the day, if the robot proves to be shit, you can always claim your refund.

GET YOUR COPY HERE

I have just changed the IVYBot robot to Alpari Broker since with Basic FX it the robot was a complete disaster.  I had another big loss trade of -$112.

I am reading elsewhere that the robot is doing good trades.  Jusat few hours ago our friend Teodore has posted his experience / results in this blog – see comment here - Ivybot Settings.  I have also taken Teodore advice and changed the broker.

I don’t know if the broker plays a very important role in the case of this robot, since IVYBot should be a long term trading robot – but anyway let’s see.

Up for next post and if someone have good / bad experience with this robot please go ahaead and post here.

Lately a number of robots where released.  However for one particular robot, something funny has happened and wish to express my opinion with you in my blog.  I won’t mention the name of the robot as etiquette to the creator of the robot, although I know they don’t careless about their customers from their point of you.

First Landing Page

When the robot went on sale, they had one particular landing page.

In a nutshell, the landing page speaks about

• A guy called XXXXXX – is a mathematical expert who has developed the system
• The robot creater was broke and then met this guy XXXXXX that shared the system with him
• The sales page mentioned a number of prices but ultimately the price was qouted.
• NO MONEY BACK GUARANTEE – WOW WOW

I was going to buy the robot, but when I saw that there no warranty, I said FUCK OFF. With so many suckers and scams forget it I won’t risk my I money.

Second Landing Page

Few hours later, I received another email, and for some reason I clicked the link like an idiot.  To my amazement I saw another landing page with a different story!

• Now we guy have no name since it cannot be revealed to the public
• Now the guy is broke and not the creator of the robot like the previous story.
• The creator helped the guy by giving him the system and not vice versa
• NOW WE HAVE A MONEY BACK GUARANTEE – WOW
• The guarantee is not with clickbank – so my personal opinion FORGET IT

FOREX Systems – Aren’t we fed up with all these CRAP Landing Sales Pages?

Even if this guy may have the best robot in the market, I think he screwed everything by these landing pages.  It was more convincing the first landing page to be honest than the second one, but anyway.

I understand that Internet Marketers invent all emotional stories to generate sales, but with so many crap systems released every week, some buyers are being put off rather than emotionally triggered to buy the product.

And now it seems that there is this new trend to get away from Clickbank and use another company. Maybe these companies take less commissions than Clickbank, but  I believe the customer would love to really have money back guarantee.  I am always put off if the product is not bought through Clickbank.

I know that this can be abused and I understand the vendor point of view, BUT if you have a robot that really works, really delivers the promises of the landing page, really gives you financial freedom, I pay triple the price for the robot and not ask for a refund.

I am still waiting for that landing sales page which is HONEST, DOES NOT SELL YOU DREAMS BUT instead really sells you something of value, a system, or robot, or training course that really works with NO BULLSHIT.

Please share your point of view on this subject and tell us of good Forex honest services, courses etc which really delivers value to the customer and is worth every penny.

This will be a quick post.  I was asked by a number of this blog readers whether or not I am using the default settings or if I have already started tweaking.

From my side I am using the default settings, since I feel it is too early to start messing around with settings, although yes you can play around with back tests etc., but my question is:

If the creators of this robot have good intention and are good people and they are not scammers, they should have done the back tests themselves and the default settings should be the optimal.

Yes I am day dreaming, but I want to review the robot the way it was sold to the customer first, and then we will start optimising – if it will be worth our time.

Happy Weekend.

Hi Again, so how this new robot is doing? From my end it started bad, but it is too early to judge. I am still learning how this robots trades, what it trades, its stop losses, its profits (if any), chart patterns etc etc.

The most active pair was as expected Usd / Jpy. We had 3 completed trades, 2 losses and 1 win as per image below.

Click to view the picture in full size – open in a new browser.

Right now we have another open trade in Usd / Jpy at a profit of $16.47 at the time of writing this post.

My Thoughts so Far:
At some point the last two trades in which the Usd / Jpy resulted in a loss of -$96.84 was at a profit of around $80.00. For some reason the trade was not closed.

Similarly the other trade which at the end resulted in a profit of only $41.46, at some point it was at a profit of around $90.00 and again the trade was not closed. Although later was closed for a final profit of $41.46.

I don’t know why they weren’t closed, although to be honest I expected them to be closed automatically.

Probably I will leave the default settings running for another week and then we will start tweaking around and the run begins.

Stay tuned.

Another Robot is on the market – Forex Accumulator.  I was about to buy the robot – in fact I was searching for my credit card, but then I found out that it is not through Click Bank, so I decided not to buy.

They are through Plimus, and once I had too wait for 2 weeks to get my refund, although it wasn’t their fault.

With Click BankI never had problems with refunds, and since I don’t know the creater of Forex Accumulator, I don’t want to risk that he runs with my money after 2 months. especially if it turns to be a shit robot.

If anyone buys the robot please share your results.

Thanks!

Hi, I got some emails saying that the robot does not work just by judging from 1 bad trade. Yes we started bad, but you can’t win every trade in Forex – no way you can.

We need to give it time, we need to learn as well how to use it. For sure I will not say that it works when it does not. Who has followed my review with my Fap Turbo Scam blog, you know how blunt and straight I am. I won’t take you for a ride by posting FALSE INFORMATION TO MISLEAD YOU SO AS YOU GO AND BUY THE ROBOT – like you see in many articles sites and other sites that are ranking well in Google – until my blog ranks as well.

Don’t believe the hype they write, how they have tested the robot if it was released last week? Ok they got the robot before since they were beta testers, but beta testing for a week or two it doesn’t mean it works in the long run. I bet most of them they don’t know what Forex is, since if you compare the articles, they are the same – just some words modified. And DON’T fall for the FREE bonuses, they are systems that do not work, and you will find the same systems in forums or as PLR books.

Keep following this blog, and you will see whether it is worth the investment and your time. They buy the Robot and if you don’t like it, just ask for refund.

The trade that was opened yesterday basically ended with -$211.26 loss.

Apparently the Stop Loss is built within the robot, although it seems you can modify it according to the manual – which yet I have to read carefully.

But let’s do not jump to conclusions. We started bad, but it doesn’t mean we will continue this way.

For next trade! Keep tuned.

Hello there,

IVYBot has just opened the first trade in USD / JPY pair.

What I don’t like is that the S/L (stop loss) is 0.

Click to view the picture in full size – open in a new browser.

I need to see why SL is 0. SL means stop loss – at what quotes the order should close in case the trend goes against us. It is very important since as is the SL can go all the way down and wipes out our account.

Right now the trade is +12.60 up – but hey it is to early to blow whistles.

For tomorrow and we will see how the trade ha closed.