Forex derivatives
Utter garbage--stay well away as this EA will DESTROY your account. Lost the entire amount plus a bit the following week. They have upgraded the EA but this is not working. The only reason my account is up is due to my own trades. I have finally decided that EA's are a promise of profit without personal effort and the world does not work that way. Had tried it on demo successfully and made good notional profits for 2 weeks, I tried it on live. It wiped out my account in one night. It opened and closed the identical trade every minute for about trades, each losing. I started to trade Live this product, and after 3 forex loosing loosing loosing I removed it. Maybe the market don't suit the product or the product can't cope with the Market - I don't know. BUT forex product was bad for my account. A reasonable EA is expected to show sometime a curve that is heading up. Backtesting was great, however the same losing trades did not show up in a backtest. This product is misrepresented big time and the way I see it Derivatives wouldn't trust forex product because it takes on trades that I wouldn' trade manually. Do not use this product or you will lose big time. Unless your idea of fun is giving lots of money away, I would stay as far away from this EA as possible! Hi Forex, here is the infor i found from Mark that this is the scam. If you decompile the code, you may find all the backtest are best fitting to the good result. And you never have good trading and demo test. I ran Forex Derivative 2 for at least a month on demo and all it did was go down. Got my refund from ClickBank. I've been running this EA for a couple of weeks on one live and 2 demo accounts. Only on euro and cable as the other 2 derivatives didn't look promising. It takes different trades on different accounts and completely different on backtests with the same data. Some of the trades it takes are of a newbie picking tops and bottoms incorrectly. However due to the very large SL it manages sometimes to survive the disaster. The build-in MM as per my tests is worth using only if you have an account bigger than 5K as it is over optimistic. Any account smaller than that is better off with fixed mini lots. Although they implemented Profit protect feature, I don't understand how this works forex I'm moving the SL to BE as per my trading strategies. To be fair I've seen one trade that closed in possibly profit protect mode. Initially their support derivatives fast and accurate but as soon as I asked them question as to why the derivatives are not constant, profit protect, etc. Probably working on the new version. I'll give it some more weeks a try as June is a difficult month to trade anyway. Sorry, it is a bit long but hopefully helpful. Anyway EA are for derivatives. I don't believe you can make money with derivatives EA. This software contains optimized settings optimized parameters are embedded into the code to give great results in backtests. But it does perform poorly in forex forward tests and for real trading accounts. Do NOT use this if you don't understand this; the software is misadvertised!!! You derivatives lose real money. The software tries to do what it describes however, as best as possible, but I guess markets are clever!!! Use with most conservative settings for better money management. Unbiased Forex Broker Experts. Review and Ratings Trading Software ForexDerivative. Forex RobotPerformance Tested. Company seems to be out of business. Live discussion Join live discussion of ForexDerivative. Video Your company video here? Court derivatives Open 0 Resolved 0 Not guilty 0 Guilty 0. Let other traders know if this service is worth checking or should be avoided. Page 1 of 2. Home Contact Us Help Terms Privacy Advertise. Forex Reviews and Ratings All Forex Reviews Forex Brokers Reviews Forex Software Reviews Trading Systems Reviews Forex Signals Reviews Managed Accounts Reviews Forex Education Reviews Forex Forums Reviews Forex Scams. Forex Derivatives Tests All Forex Tests Metatrader Forex Advisors Tests Derivatives Signals Services Tests Managed Forex Accounts Tests Forex Traders Court Forex Scam Alerts Folder Forex Traders Court - View and File Cases. Forex Trading Education and Community Forums Complete Forex Education Course by Pro Banker Journey From Dairy Farmer to Forex Traders Sive Forex - Currency and Gold Market Videos Jarratt Davis - Trading Markets Like the Banks Andrew Mitchem - Currency Strength and Weakness Trading Fundamentals - Daily Trading Signals Market Sharks forex Exclusive Analysis by Forex Experts Forex Peace Army Community Forums. All rights reserved under US and forex law.
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