IvyBot Review – is it just another useless FOREX robot? Is it profitable or it is a scam? Honest review & results.

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.

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.

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.

I have set up IVYBot this morning with BasicFX as the recommended broker and IVYBot is running on a Demo Account.

Unfortunately right now IVYBot works with 4 digit brokers, so I can’t use IVYBot on my Alpari UK account so far. However the IVYBot creators are going to release a new version to support 5 digit brokers (like Alpari) this week, so we will just have to wait and see prior going live. They have sent an email to their customers with this information thats how I know

I will be posting how this robot is doing when it starts trading.

See you.

So what is IVYBot Forex Robot? What are we expecting from it? Here is an overview of the IVYRobot. Of course this information is based on what we know so far on the robot.

IVYBot was launched on July 28th, 2009.

The robot was developed by Ivy League Grads.

Expect 2 – 6 trades a week.  At least better than Megadroid which only does 1 or 2 trades a week if we are lucky – but at least always successful

IVYBot is not a scalping system and is based on 1 hours time frame.  I read somewhere that scalping is possible but I need to see how.

The robot is based on many factors including trend analysis by price action, how long the trend has been trading and other factors.

This is GREAT: The robot trades 4 different pairs (Eur/Usd, Usd/Jpy, Usd/Chf, Eur/Jpy).  It has a robot for each pair, and not 1 robot for all.  So basically we have 4 robots developed and optimised specifically for its currency currency pair.   Unlike FapTurbo which was 5 currency pair in 1 and was a disaster in 3 of them.

Unlimited updates to new IVYBot settings when market conditions change.

So far it comes with 2 extra indicators – Market Watch and Session Profile Tool value of $450 each – according to the creaters of the IVYBot.

Market Watch:

The “Market Watch” indicator is a very simple indicator to follow. Just place it on your chart and follow the green and red lines. When the indicator shows a number of rising green bars, you know that the strength of the currency is rising. When the indicator shows a number of rising red bars, you know that the strength of the currency is falling. It’s that simple, when you see green you buy, when you see red, you sell.

Session Profile

The “Session Profile” indicator is also very simple to follow. Once placed on your chart, you will see three large boxes. They outline the different global trading sessions. You will be able to identify the open, close, high, and low of each of the three major global trading sessions: Asia, Europe, and Amercia.

Of course we will check and test the above tools and see if they are worth $450.  I am particularly interested in Market Watch.

When you buy IVYBot there is an upsell of $99 but I did not take the offer.

All the above comes with Clickbank return policy, so we have 60 days to trial and claim our money if this result in another B.S. robot.

Buy IVYBot now until it is still in the market – you have nothing to loose.  If it does not work, claim your money back as I will do in case it fails to deliver results.