Upon a suggestion made by Dewey in a comment, I decided to start this list because many of my readers are requesting reviews and more often then not I won’t review the EAs suggested and I always feel the need to reply with a reason for that. So, instead of repeating the same information over and over in mail replies, I will just list here EAs that I will not review, together with the reason, in no particular order. This list is by no means complete – I’m sure I’ve forgotten many EAs, but I will update it as I run into more stuff that I decide to pass.

This list is not set in stone. It can happen that I’m wrong and I’m pretty sure it will happen. I might misjudge an EA for whatever reason and I would surely like to be given a chance to revise my statement when it’s necessary. However, unless you have a very good reason for me to reconsider my opinion in regards to an EA on this list please do not contact me about it.

EA Shark 6.0

The ex4 of the EA contains hundreds of hardcoded dates during which trade is disabled. If these days are removed, its backtest is a disaster. Someone asked the author on a forum and their answer was:

Yes. Client version gets all data from our server and don’t includes the data libraries. During forward trading it works like this: The server collect and analyzes all data in real time. If the conditions are not clear or going to change trading will be disabled till enough data are collected for automated parameter and logic adjustment. Historical dates where such situation appeared are hard coded in the front file (ex4) from the client version to speed up the process of testing on the client terminal. When the data would be requested and analyzed in simulated real time mode mostly clients wouldn’t be able to run tester because of high technical requirements. And those who uses very strong machines would need to be very patient as testing would need really long time.

This would be of course not acceptable and from this reason these days are hard coded in the ex4 file. There is nothing to hide or wrong with or do you really think that we would “hide” something in an ex4 file which can be decompiled from everybody who own a decompiling script what costs on Russian forums 10 USD?

After having that quoted to me by a reader, I decided to take a peek into the DLL to see if it was actually possible for the server to disable trading and to the best of my ability I haven’t discovered anything like that, so my honest opinion is that the paragraph quoted above is just creative bullshit.

All the EA does is check the license via a mysql connection. The only queries it performs are:

SELECT * FROM Relations WHERE USER='%s' and ADVISOR='%s'



Forex Crescendo

Although I kind of like this one and I believe it may be possible to run it safely, I’ve been informed by the author that it isn’t possible to properly backtest it due to the fact that the two pairs interact with each other in forward testing, making any backtest pointless.

I backtested it nonetheless and the results weren’t particularly beautiful in years prior to 2007, but it’s definitely not your typical crash-the-account grid EA.

Breakout Genius

Its backtest performance is not up to par. Prior to mid-2009, it’s constantly losing.

Leo Trader

This one is basically just a trade copier so it can’t be backtested. On top of that, it strongly smells like bullshit to me. You know what they say about things that look too good to be true.


Pretty much everyone heard about this one and whoever would’ve bought it, did so already. While writing a review of it might be interesting seeing that some people still claim to be making money with it, I’m sorry but I am not willing to dedicate my time to relics because each review takes a lot of my time and my schedule is extremely busy as of late. I have a day job so the time I dedicate to this site is limited.


Most forward test statements that I can find are either unprofitable or have been suffering very serious drawdowns.


Despite the drawdowns it sometimes exhibits, I would’ve been interested in reviewing this one. However, the developer seems to think that I’m out to eat his children and that I will crack the EA and post it on forums. Long story short, I asked for a review copy and I was refused. Of course I already have the EA, but I’m not going to bother reviewing it without becoming an affiliate. On top of that, I’ve been reading various forums and as it seems, the developer is a very rude and bickery person and I’m better off not getting associated with such individuals.

Cable Run

Too risky in my opinion. Averages down without a limit, resulting in 20+ open trades sometimes. Will hit stopout sooner or later, depending on the account balance and lot size.

FX-Combo EA

Not to be confused with Forex Combo System.

Given the fact that the home page of the EA only features 2010 backtests and that the forward test listed on the site has been stopped shortly after it was started (it only has 6 trades), I tend to think this is just a scam. I contacted the author to clear it up but I received no answer.


Looks like a good robot but it is no longer being sold.

ZeusFX (the $599 one)

This one is not only overpriced, but it has an interesting curve fitting in it applied to lot sizing. The position sizes are configured in such a way so that the most profitable periods have bigger lot sizes while the dangerous periods trade way smaller lots. If the lot size curve fitting is removed, the EA hits a margin call in backtesting. On top of that, its website looks abandoned, there’s been no update since launch.


This one is in fact a copy of Forex Megabot that runs on 2 additional pairs. Not only does it have almost the same manual (with a small change here and there) but it also uses the same authentication method and one of the external parameters is named “g_slippage_228”. Sloppy.

A while after I posted the above, the EA authentication & protection was changed and the g_slippage_228 parameter got renamed. Also, it looks like the EA itself suffered some changes and seems to trade visibly different not. Since Forex Megabot is no longer sold & supported and SilverEA seems to be about the same thing with some slight changes, I am adding this to the EA Top for reference.

FX Solution EA

The backtests posted by the author on forums (those on the website are just really small images, not backtests) seem to indicate that it is overoptimized (if not curve fit) for 2008-2010. An 11 year backtest with 0.1 lotsize on a 5k start balance resulted in a maximal drawdown of ~70% when reported to the initial balance. Some users report good results in forward tests and I truly hope that it will keep up, but personally I would not trust it with a live account so I’m not going to write an article about it. I can’t help but wonder what happened to the two demo accounts on the vendor’s myfxbook page that were stopped a while ago. On top of that, it doesn’t even seem to have an affiliate system.

Smart scalper

The vendor posts 1 month worth of backtests on the product homepage, no forward test, asks $349 for it and has the audacity to claim that the product has free updates for an year. I mean, it’s obviously a scam, why the hell not offer lifetime updates? Paypal payment and no refund policy just screams “scam” at me.

Tortoise EA

A martingale crap from the same vendor as Smart Scalper. Funny quote from the product info page: “The Risk/Reward Ratio equals to 1 witch makes the system so safe.” – well, if there must be witchery, I can’t really argue with that, can I? The author is very lucky we’re not living in the fourteenth century, although in my opinion he should be burned anyway. This one also advertises “free updates for an year” and its backtests are 4 times longer than those of Smart Scalper – in all likelihood, the author was unable to produce a backtest longer than that without crashing the account. What I find extremely funny is that the vendor is selling a martingale EA and then, on the page of the other product they’re selling, we can read “No Martingale. So you won’t be worry about the growing of the loss trades.”

Steinitz Fractal Pterodactyl

No backtest, no forward test, no refunds, high price. What does that tell you?

And of course, you can only pay by Paypal, wire or Western Union, because well, Clickbank and Plimus might eventually let the customer have his refund…

The same applies to about all forexrobottrader.com EAs. If you take a look at Fractal Breakout, it even has fake statements. The EA was launched in 2009 and there are statements “from the customers” dated 2008 plus half of the statements are using stop/limit orders and the other half aren’t. Of course, there’s no such thing as a live account for that one either, probably meaning that it’s just another account crasher.

Xtreme Pip Poacher

This is in fact just Robovore renamed and its performance is extremely bad, take a look at the FPA Robovore or XPP statements.

Any arbitrage EA

I’m never going to review such an EA. Not only can’t they be backtested, but it’s my firm opinion that they can’t be used live successfully. Even if someone finds a broker where it actually works, they will soon either get an email asking them to cease doing it or otherwise just get their account closed due to a contract breach, as most brokers have a clause against arbitrage nowadays, be it a time limit or a pip limit.

I mean, come on, do you truly think the brokers are stupid? When you’re successfully performing arbitrage you’re literally stealing from them, unless it’s an NDD/STP broker in which case your arbitrage attempt is probably going to get killed by slippage and requotes. Do you think the brokers are fine with you stealing from them? In a world where high frequency trading is not an uncommon occurrence, do you actually believe you can perform arbitrage from some VPS with a software that has a price featuring a whole three digits?

I don’t care if you or anyone else actually managed to use arbitrage live once in a blue moon, I simply won’t recommend such an EA to anyone, it’s just a waste of time and definitely not something that one would want to use in the long run.

MetaPro FxCore Scalper

This one was taken off the no review list for a while at the insistence of a few readers while I looked some more into it. Long story short, I exchanged a few mails with the developer, I asked for a review copy which I didn’t get so I proceeded to acquire it myself. I ran some backtests with all 4 set files included and the results were very poor, very much like the performance exhibited in the forward test on the FPA.

Enigma G12

Quantumdollars dot com looks like the work of a scam artist. They are publishing a fake statement on their site and they got caught red handed a forum, having modified some trade outcomes in it while they forgot to modify the entry and exit prices & times. Their reply was that their perl script made an error while it was deleting limit orders – I mean, come on, that’s total bullshit, why would anyone need to remove the limit orders in a plain statement? Quite a far fetched scenario. As some kind of an apology, they proceeded to give a few copies for free, probably hoping that the users might get a few profitable trades and then brag about them which might end in some sales. By the way, if you see outdated statements published on EA sites, now you know the reason.

GPS Forex Robot

It looks like the GPS part of this EA is working perfectly. The only problem is that the destination it’s set to reach is 0 on your account balance. It crashed quite a few accounts already and it’s definitely not going to stop here.

Euro Smarter

While it might turn out to be profitable, it uses grid elements and it doesn’t have a limit to the amount of orders that it can open so I consider it too risky.


As Dewey pointed out in a comment below, it only has a backtest for 2004. Why would anyone care how would an Asian session scalper perform in 2004? Why would the vendor publish the results for 2004 and no results for recent years unless they wanted to mislead the potential buyer? Given its high price ($499) and its lack of a forward test, it strongly smells like some kind of a scam to me.


If I were the vendor, I wouldn’t have the nerve to leave the sales page up with such a bad forward test. At the time of this writing, it has a steadily decreasing balance curve, having lost over 20% of the account. Not even worth the time to backtest.


Rhymes with “Martingale grid crap” and will happily crash your account sooner or later.

Gap Magic

Comes from the same author as Robominer, which is a known account crasher. It uses a very wide stop loss and employs grid trading, so I will stay far away from it. At the time of this writing, the FPA test has some -600 pips floating profit on two pairs with 12 trades open, two of which have no stop loss. If the market goes against it, the EA stands to lose 2500 pips, not counting the two trades without a SL.

4X Cash Compounder

Yet another Martingale. There must be a very good reason for displaying only a few months of backtest on their website and no forward test.


At first glance (I’ve only looked at its forward test and the history center data backtests they posted) it looks decent, but unfortunately it does not have an affiliate system so I won’t be writing a review. The only “complaints” I would have about it are that there’s no refund policy at all and that it’s a bit fishy with the FX Primus deal.

Forex Shocker

My original belief was that this one will only work on demo accounts. It usually takes profit between 1-4 pips; slippage and requotes would make short work of these profits. Nonetheless, once the developer added a forward test that seemed to be doing good, I was prompted to add it to the EA Top as well.


It’s basically a signal service so I will not write a full review since it’s impossible to backtest it. However, since all its forward tests are looking quite good, I decided to add it as a forward test to the EA Top where the drawdown of its multiple concurrent positions will be thoroughly recorded. It eventually failed in a spectacular manner.

Forex Quattro

The vendor – Rita Lasker – is known for products that fail. I’d wager the vendor chose a female as his online avatar in the hope that it will sell more products. The ill repute aside, I just ran a couple of backtests on v1.3 and I didn’t like the results much. On top of that, rumor says this is a copy of a Russian EA.
Other products from the same vendor are even worse.


I ran a backtest and dismissed it really quick. It has a very poor risk/reward ratio and prior to 2010, it’s results are very, very poor – it just loses constantly. It’s obviously curve fit only for 2010.

The EA has less than 200 lines of code and of one of the first is:
if (Year() < 2010) return (0);

…and for good reason as its performance prior to 2010 is completely disastrous.


While its myfxbook statement looks decent, it’s just another martingale that will probably crash sooner or later. The lots and open trades are hidden on myfxbook, but the backtest statement still has the lot sizes in it; on a balance of about 24k it opens the following lots: 0.22, 0.51, 1.19, 2.78, 6.49, 15.14. You can take a guess as to what happens if the 15.14 trade goes south on the given balance…

Guinea by ForexGenius

It’s a grid EA combined with a lot sizing scheme that smells of martingale which spells disaster. Its backtest looks awful and on top of that it has hardcoded curve fitting in an attempt to come up with a decent backtest on recent years.

CAD Trader

Seems to be a grid EA that doesn’t have a limit to its number of positions (found 20 positions open at once in their forward test), so it’s bound to crash the account sooner or later. They trust their product so much they’re using a demo account as their forward test…

Unique EA Creative Maxi

Just going to paste here what I replied to a reader asking me to look into it:
These guys used to have a bunch of EAs that were reportedly quite bad although I haven’t tested them myself. I see they now merged the various EAs into a single product and there are a few things that can be observed on the site:
– It’s made in a rush, note how it says “Eight (20)” several times and they didn’t even bother correcting it. Another example would be where it says “four timeframes” and then goes to enumerate 5 timeframes. Either they don’t care about the website at all or their math sucks badly. And a quote from a different paragraph: “a lot of-etapnuju checking” – wonder what happened here, my best guess is that Google translate failed.
– The price is extremely high and there seems to be no refunds.
– Even though they brag about good results since 1999, the backtests they are posting only span some 5 years and the site displays a drawdown figure of less than 2% with a huge font and bright colors whereas if you actually click the backtest, the drawdown was close to 70%.
– Lastly, there is no affiliate mechanism so I won’t look into the product any more than I already did; besides, it looks untrustworthy enough already.


Martingale; it has the potential to crash accounts if not used very carefully.

Forex Overdrive

The huge stoploss (300+ pips) will clear all the earnings plus more. Everywhere I turn, I only see poor forward results for this one.

Forex Hercules

A trade copier with forward tests that seem to end sometime during May 2011. The balance charts from the statements are faked, they even got the color wrong, not to mention the fonts and grid. Their myfxbook forward test spans some two weeks and someone posted a valid question about a margin call that should have happened, question that they didn’t bother answering. It all seems highly suspicious. On top of that, recent performance on FPA is very poor as of 26.06.2010.

Happy Forex

Although the forward test results are nice, it’s a grid system that doesn’t seem to have any limit on its number of concurrent positions so I will stay away from it.

Forex Cyclone

This is an ancient scam EA (mid 2009) with a very poor backtest and similarly poor forward test results. The FPA forward test lasted 38 weeks and ended up in the negative.

Forex Steam

Backtesting it results in a very poor balance chart, both for the light version as well as for the regular, which makes me think the EA has been heavily curve fit for 2009 and left at that. I suspect the “live” statement posted on the webpage is doctored, which is why they chose mt4live for uploading it instead of myfxbook, seeing that you can fake statements there easily. There are reports that the light version is a copy of Euro Blaster, while the full version is a copy of RSI_MA_Scalper but I haven’t bothered to verify these since the EA is crap to begin with. Finally, all the forward tests I’ve been able to find for it are ranging from bad to very bad (other than their own, of course).

FAPTurbo Ichimoku

A buddy of mine ran some tick data backtests and they were different from the “official” backtests by a rather wide margin. Needless to say, they were looking much worse. I guess they might’ve used a very low spread (0?) or something like that. Anyway, I wouldn’t bother trying to go live with an EA that has a TP of 4 pips because slippage, requotes and spread widening would certainly kill its profits. Think about it, getting slipped 1 pip means 25% more to go to get to the TP.

Autocrat FX

Just another Martingale. According to what people say, it easily blows accounts in backtests and on top of that it’s full of memory leaks. I’ll be staying well away from it.

Clapan EA

A hold-and-pray EA. At the time of this writing, its FPA forward test has a floating drawdown exceeding 2000 pips and the floating negative profit threatens to exceed the current earnings.


This is not even an EA. It’s an indicator. It does NOT trade on its own. As such, the account listed on the product page is completely irrelevant because there is nothing to compare against. It would’ve been useful if there was an account where MaxEDD was used and an account where it wasn’t used, but there isn’t.

Anyway, the product is some kind of an optimizer which in my opinion is quite useless. It requires you to have traded an account for 1-3 months on your broker before it produces a relevant analysis and as far as I understand it’s not even able to distinguish between several EAs in case you trade more than one on the account. If your EA produced less than some 10% profit, it just tells you to go get a new EA. There’s an upsell priced at $99 which promises to send you a list of EAs that they have experience with and that are profitable; the list contains one single name, another EA that’s on my no review list.

Back when it was being spammed into my inbox by none other than the Forex Megadroid Team – and at this point I’m guessing you guessed I guessed you might’ve guessed what might’ve been on the above-mentioned list – I was wondering what the hell it actually is and as I do with most other products that seem interesting at a first glance, I emailed the vendor and asked more details. A couple of weeks later, no reply arrived and I doubt a reply will ever come, which speaks volume about their support. Even if a reply eventually arrives, it’s a product that I will definitely steer clear of.

Forex Zombi

It’s a martingale classic grid with entries in both directions. There is at least 1 independent forward test that went boom with it.

1 click pips

As I originally suspected, many users confirm this was scam. It’s now sold for $1 just probably for building the mailing list of the marketer.

Auto FX Millionaire

Another scam from the same vendor as 1 click pips above – if the guy actually verified that account with myfxbook, why post a screenshot and not the link? As Maciej mentioned below, it is a signal service that copies trades from the 2 top signal providers in Zulutrade, Shooting Pips and Sharper Trade. Money management is also idiotic which led to not a few customer accounts blown.

As a side note, it’s funny how all these scams are being sold over Plimus now that Clickbank prohibits fake evidence.

EA Boss

It’s an exact copy of FAP Turbo. See the “When you thought” article at bestforexea.com.


It is an almost identical copy of an early Forex Combo System version (I believe 2.1) with the reversal strategy removed and with a steeper price tag. Sure, the tweaks performed don’t seem to be so bad given the $10k it made in the past year, but knowing it’s a copy, I will stay away from it.


Soon after I started a forward test of this one, I found out its genealogical tree contains Wallstreet Forex Robot on the branch just above it, the difference being that Oddbot has a somewhat different exit mechanism and a news filter. I don’t make a habit of removing articles so it’s going to stay there.

Tom’s EA

Just an extremely overpriced martingale. I guess the vendor is trying to get as many clients as possible before his accounts are blown. I’m staying well away from this.

Range Trading Robot

Trades in grid-like fashion without a stop loss. When AUDCAD happens to be trending against it for a while, it will surely blow the account it’s running on.

ForexBody Money Printer

Just another hold-and-pray EA. Will open trades and simply wait until they’re in profit. It will eventually crash the account it’s running on and there are already such “samples” on the internet. This should be very conclusive, the account went boom in less than a month, luckily it was demo:

ForexBody Money Printer fail


Complete failure. This used to be a real account:

NeuroTrader fail


A cracked copy of Million Dollar Pips distributed as a new product. It even includes the MDP 1.20 DLL with not as much as 1 byte changed.

  • #207 written by flash January 17, 2012 (4 years ago)

    Hi Anu

    EA trading is hard, be prepared to work hard. Brit site is the best only pick ones he recommends. Beware of brokers they are not your friend, they will let you win for a while before playing tricks. Not all are thieves just most. Donnaforex.com is where alot of us hang out, and it is a good place to learn. Remember most people Don’t Know what they are doing. So always question what people say, and make up your own mind. You WILL lose alot of money before you become smarter. Try and stay on micro lots 0.01 for the first year at least (hard as every one wants to make it) . As for returns consider this, if you started with $50 and compound at 3% a month for 50 years you would be the richest person in the world. So the hype is just that hype. BE smart.

    Regards Flash

    • #208 written by james January 13, 2013 (3 years ago)

      this is very true, and I think reading it first up is smart, EA trading is hard and requires alot of tweaking your own analysing and money to get the right set-up I have just become profitable after months hard work undoing my initial error, he is however incorrect on the ricjest person in the world comment you would have $2,519,444,683.15 which means you are not the richest but not doing too badly

  • #209 written by Anu January 17, 2012 (4 years ago)

    Thanks Flash.
    I have been trading manually for 5-6 yrs whilst doing my day job so it was not the best way fwd I realised. Most of the time I lost coz of emotions – rather trying to overcome emotions while working. So, I decided to develop an MT4 EA using my own manual approach and finally I came up with something reasonably good. After a lot of back and fwd testing using tick data( thanks to Birt here) 3 pairs seemed profitable so I am demo trading them now. meanwhile I was looking for other EAs and that is where I am at the moment. Dont think I have to mentality or free time for manual testing. I am a member of donnaforex.com too. I even asked her whether she had any settings for fapturbo. As you may know Donna does not use fapturbo anymore. I have been using it since Nov 2011 and have made a small profit. But you never know what the future holds as you say.
    Yes, I am using micro lots at the moment and thanks again for your advice. Highly appreciated your honest opinion. What about following a few good signal providers on zul trade? So many options eh!! Also what about using a NDD ( No dealing desk ) broker like SunBirdFX? They can’t then do stop hunting and increase the spread etc right? or how about having an ECN broker despite the high commisison we have to pay?

    Many thanks.

  • #210 written by Murray January 25, 2012 (4 years ago)

    Hi Birt,

    Could you have a look at AutoFXPayday please?

    It tests really well on real spread tick data on EURUSD pair, but on history backtests it wont trade prior to 2005, leading me to believe it has dates hard coded into it to avoid. I would love it if you can check it out for us, and see if it is a scam as I suspect or a hidden gem. Thanks, Murray

  • #211 written by Anu January 30, 2012 (4 years ago)

    It seems AutoFXPayday is scam. Loads of bad reviews on the net.

  • #212 written by Anu February 15, 2012 (4 years ago)

    Hey Birt,

    How about ForexEnvy EA? http://www.forexenvy.com/.
    Accordign to donnaforex.com no refund has been claimed so far..

  • #213 written by DaveW February 20, 2012 (4 years ago)

    I was going to say the same as Anu – they actually seem to back up their claims with pretty large real MyFXBook accounts.

    • #214 written by birt February 20, 2012 (4 years ago)

      I contacted the Forex Envy vendor last week and they’re not interested in independent testing because they’re afraid of piracy.

      The fact that no refund has been claimed so far is completely meaningless seeing that we’re dealing with a martingale EA and refund is conditioned on losing money. In other words, it only means that it didn’t crash any account yet, it doesn’t mean that it will never do so. The EA looks interesting at the first glance, though.

  • #215 written by DaveW February 20, 2012 (4 years ago)

    Yes – looks a bit like forex flow. It is the large verified real accounts that give it more weight than most. Shame they don’t want to play 🙂

  • #216 written by Andrew April 20, 2012 (4 years ago)

    What about Forex Thor II? I heard some good words about it. Everyone can download the trial locked to backtesting at http://forexthor.com/

    BTW Birt, I heard that developer provides the evaluation copies for testing for big boys (affiliates, reviewers) as you are.

  • #217 written by David May 1, 2012 (4 years ago)

    Hi Birt,

    I have just been emailed about 1clickpips – link below.
    The email came from autoFXmillionaire.com. The video looks convincing but “Too good to be true”. It is selling for $49 and apparently made over $163,000 in a month from $1000 live a/c. You reported this as a scam a while back but if it is the same EA they are still marketing it. Can you confirm that a) it is the same EA and b) it is definitely a scam? If it is, hopefully this will prevent others from being sucked in.

    Thanks for all that you do. David

    • #218 written by birt May 1, 2012 (4 years ago)

      The link is broken but it’s a safe bet that anything that has to do with autofxmillionaire.com is a blatant scam.

  • #219 written by Dewey June 7, 2012 (4 years ago)

    I don’t really trust the people behind it, but Shark EA 7.0 is a very different EA from 6.0. On the donnforex sight one of the folks did a tick by tick data back test and shifted the dates in case therew as some creative programming to eliminate bad days. The results were impressive and the forward test is good too. Might be worth a peak.

    • #220 written by birt June 8, 2012 (4 years ago)

      I share your feelings regarding the vendor. I’ll give it a month or two and keep an eye on other forward tests. Anyway, even if I decide it’s worth a shot I doubt the vendor will be inclined to work with me on it seeing that I spared no occasion to throw a bit of mud in his direction.

  • #221 written by gbemitte June 23, 2012 (4 years ago)

    I need EA that always losing position.
    Two things are difficult to see in forex trading.
    1. EA that always loss positions
    2. EA that always profit.
    I you hve EA that always lost kindly let me know.

  • #222 written by Dewey June 23, 2012 (4 years ago)

    The Megadroid folks are coming out with a new EA: Pipjet. Right now they are doing all the pre-marketing hype. It is for the USD/CAD pair, so I hope it isn;t just Piplaser repackaged–that did very well until this year. Since they are using every vendor possible to sell as many as possible, maybe you can get them to send you a copy to test and market if it is any good.

    • #223 written by birt June 29, 2012 (4 years ago)

      It’s not Piplaser repackaged, it’s Megadroid repackaged. On top of that, I’ve rarely seen such a stuck-up vendor and I quote: “we don’t have a review copy of our product”. I ended up buying it just to backtest it and have it in the top, had quite a few readers asking about it.

      • #224 written by keelan March 13, 2016 (7 months ago)

        hi birt, can u email me any arbitrage ea’s ill test them for you with results and send me your most best ea that works live ANY

  • #225 written by Dewey June 29, 2012 (4 years ago)

    Here is one that looks interesting from Germany: http://www.3way2win.com

    Longer term trades unlike most EA’s Forward test looks good.

    • #226 written by birt June 29, 2012 (4 years ago)

      Thanks for pointing it out, it does look good at the first glance indeed. I contacted the vendor.

      • #227 written by birt July 4, 2012 (4 years ago)

        The vendor was quick to provide a review copy but my backtests indicate a rather low profit factor. It’s worth noting that the backtests look worse than the forward test. I’ve decided not to start a forward test for now; will give it a few more months to check if their live account is able to sustain the current performance level.

  • #228 written by John August 26, 2012 (4 years ago)

    Hi Birt,

    This is an awesome site. Thank you for your great work here.

    Have you seen the Wallabot? It uses Rob Booker’s Wallaby trading strategy, and is an EA that is available here: http://get.thewallabot.com/
    I’d love to know your thoughts on this.

    Thanks again.

    • #229 written by birt August 26, 2012 (4 years ago)

      It looks rather dangerous, their flagship account has a 43% drawdown and after an upwards spurt it kind of went downhill – right now it’s been in a drawdown for over 5 months.

  • #230 written by John August 26, 2012 (4 years ago)

    Hi Birt,

    Bummer; I bought it, and have been in the process of getting it set up on a demo account. Would you be interested in my unofficial results? If not, that’s ok.



    • #231 written by birt August 27, 2012 (4 years ago)

      Well, you never know, it might turn around. I wouldn’t mind an update after 2-3 months of trading.

  • #232 written by Edmund September 3, 2012 (4 years ago)

    Hi Burt

    There is a EA that I have seems to puling a lot of positive reviews called THOR II ( 2) – Is it possible for you to review this ?

    There is another one I am interested in called Shark 7 – apparently a big improvement on Shark 6…? Maybe it is worth a look?

    I rely heavily on your opinions – i Believe you are the only one with a neutral / objective non hyped view of EA’s



    • #233 written by birt September 13, 2012 (4 years ago)

      As you can see at the top of this page, the Shark EA vendor has a history of bullshitting. I don’t intend to get involved with any of the EAs sold by the vendor and that includes Thor II.

  • #234 written by Edmund September 13, 2012 (4 years ago)

    Thank for your kind and informative response to all my inquiries

    Much appreciated 🙂


  • #235 written by Michael September 26, 2012 (4 years ago)

    Hi Birt,
    Really good to find an unbiased EA test site; nice one!

    Have you got any test data on Tops & Bottoms EA from MTProgramming.com?

    Kind regards,


  • #236 written by Corey October 14, 2012 (4 years ago)

    If a vendor will not submit their product to known, qualified people for reviews and testing then why trust them. I purchased the Profx 2.0 (It’s not an EA)from the same people who created Shark, Thor….etc. So far it’s just a different face on indicators you already know. If there was a away for someone to kick their feet up and watch money roll in from an EA, he’d be sure not to let the secret out.
    Let me get this right. You’re selling me something that makes me hundreds of thousands of dollars for a couple hundred bucks? Yeah, right.
    The Profx is actually doing pretty good on my demo account. It gives me an alert when all the signals line up. However, it still depends me making some decisions on trend, s/r, pivots and other fundamental stuff.
    I just realized the complete randomness of this comment. However, I still didn’t delete it.

  • #237 written by Max January 13, 2013 (3 years ago)


    That’s not really true – and absolutly not able to happen. The market is fully Manipulate. The money which you’re trading is physically not available. that’s the reason why theire is a Inflation – and maybe Hyperinflation is happening soon.

    Nobody could getting richer then the Big Bankies. no way. if that would happen – they block you’re “virtual” money and what ever.

    they know how much money is flowing to which direction. they control it.
    Such Kind of business are the Reason why we have financial Problems ;).

    Best regards


    • #238 written by birt January 13, 2013 (3 years ago)

      And all those profitable verified statements on myfxbook are what, teasers? I’m not saying it’s easy to make money in Forex; on the contrary, it’s a known fact that the vast majority of people attempting to trade Forex will lose their investments but there’s also a small percentage of people that manage to make profits consistently. As for the banks, they’re certainly making money from Forex but it’s not all a giant conspiracy theory as you seem to imply. Sure, there are market manipulations at a macroeconomic level – see the Swiss fixed rate for a good example – but no bank really cares about the retail Forex positions that much. Generally, people lose money for a whole ton of different reasons, through their own faults and then instead of acknowledging that they might’ve done something wrong such as trading without a stoploss or heavily overleveraging, they find something else to blame such as market manipulation.

      Finally, regarding the money you’re trading not being physically available, that’s just like saying the money in your bank account or on your credit card are not physically available. They’re just a number somewhere, so they’re not physically available, right? Sure, if you’re trading with a market maker broker, chances are you’re indeed not trading actual money and you’re more or less gambling on the direction of the exchange rate but in that case the banks have absolutely nothing to do with you. However, for serious brokers that are processing your trades through bank connections, the money are as real as those in your bank account.

      • #239 written by GEOakes January 13, 2013 (3 years ago)

        Max must be a gold buff

  • #240 written by Max January 14, 2013 (3 years ago)

    You really hardly believe that all Money is physically available? ;).

    We are moving virtual money. And the banks are giving it physically to as long as the could. So what do you think will happen once all peoples wanna clear theire bank accounts for same Bank?!?! 😉 just think about that ig will not be possible. Theire certificates that money is available because banks not mainly thinking that all peoples wonna get theire money.

    So like in the past. Once a crisis will happen , humans run to banks to get theire money. And not every bank in world could handle such request. Only central banks ate able to do that.

    Theire are reasons why inflation is raising mostly!!! And such problem is such business like Forex. You pushing more and more money in. Or loans with low central rates and so on. Forex? Haha yeah nice. Taking a Dollar – pump it with steriods. Its not the point Birt if somebody of normal peoples makes virtual profits or not. The Point is what the whole business is causing. :). And for that i don’t go further. You could write books with the financial problems in the world. Just watch the Euro zone. Theire are taking lot of loans to fix the greek’s problems. So anyway rich ones are the slaves of not rich ones. Sure that has do to with banks. Nothing works without banks. And also forex dont work without banks. Once using brokers, most traders dont know where the money is stored.
    Withdrawings are for sure nothing compulsivly.so once bank has problems, then money is freezed. Equal if you use forex, or other business.
    Sry guys but if you really think that youre virtual money is really yours, then this is naiv.

    • #241 written by birt January 14, 2013 (3 years ago)

      I’m sorry but I lack the time and patience to get dragged into an argument with you on the topics that I disagree with (I do agree with some, though) so I’m just going to leave it at that. I’m not even sure what you’re calling “virtual money” but if you want to believe that your virtual money is well… virtual, by all means go ahead; I’m not going to try to stop you. I’ll be sure to post a reply here the next time I want to withdraw cash from my account and the bank tells me they ran out 🙂

  • #242 written by Nick January 29, 2013 (3 years ago)

    Hi Birt,

    could you have a look at forexinvestbot please?

    • #243 written by birt January 29, 2013 (3 years ago)

      Actually, I’ve had that for over 1 year and it’s been doing great. I just posted its forward test now.

  • #244 written by Garth February 14, 2013 (3 years ago)

    Hi Birt,

    Just wondering if you’ve had a look at Joker EA

    Looks promising as they have live myfxbook accounts.


    • #245 written by birt February 16, 2013 (3 years ago)

      Looks interesting indeed and the vendor also contacted me. I got in touch with them and I’m probably going start a forward test of it soon. Thanks for pointing it out!

      • #246 written by Anthony Ingrassia, CTA April 25, 2013 (3 years ago)

        Hi Birt, Have you any update on Joker to report? There is free knock-off running around out there on the Russian forums. Would appreciate your competent opinion on the real thing.

        • #247 written by birt April 26, 2013 (3 years ago)

          I posted a Joker EA forward test a while ago. My account has been performing rather poorly but the vendor’s accounts seem to be doing good.

  • #248 written by Milan June 10, 2013 (3 years ago)

    forexmegarobot dot com

    Does anyone have experience with this robot? Or with another robot from Den Murakami.

    • #249 written by birt June 15, 2013 (3 years ago)

      It has no backtest and no forward test, I wouldn’t even bother with it.

  • #250 written by xerof33 June 13, 2013 (3 years ago)

    Hi,An interesting site called FxAutomated dot com or fx dot netspier dot net slash super_bug.php.Selling ea called Superbug,dont u just love the names of eas,ok backtest ,no forward test,299 dollars.No martingale or grid,max dd for 2011 to 2013 is 27 percent,net profit about 90 percent per year,better backtest for 2007 to 2011.Would Birt be interested in testing this one.

    • #251 written by birt June 15, 2013 (3 years ago)

      Definitely not. It smells like a scam, there’s no other reason to show such a short backtest and use paypal for payments.

  • #252 written by Milan June 16, 2013 (3 years ago)


    These robots are free. The condition is opening an account through the website brokerbot dot net. This is a scam?

    • #253 written by birt June 17, 2013 (3 years ago)

      No idea, the website is not even in English. I noticed that some of the EAs have a lot of hidden information and that’s typically not a good sign but that’s all I can say about it.

  • #254 written by Milan June 17, 2013 (3 years ago)

    Thank you.

  • #255 written by RWL June 22, 2013 (3 years ago)

    Something iam wondering when i read reviews of commercial EAs on your site (which gives excelent infomation by the way): Why does somebody who buid a very profitable EA sell it for a few hundred dollars on the internet?
    If he had 10% growth each month and risks always the same % of his bankroll each trade he would be a millionaire soon even wothout a huge investment.

    • #256 written by Garth June 23, 2013 (3 years ago)

      How many EAs for sale do you know of that make 10% per month every month without huge draw downs/risk? Birt’s site is an excellent guide, but remember his private broker has ideal conditions for EAs such as FX Flash, FX Invest Bot – in reality, for the average person with the average broker those EAs are NOT profitable or at least a lot less profitable.

      • #257 written by birt June 23, 2013 (3 years ago)

        FxFlash and FxInvestBot have not been doing very good lately. FxInvestBot was almost completely flat on my account since the public release earlier this year, while FxFlash did very good in the beginning but then started to become less profitable.

        However, you are correct, the results you see here are only indicative and you should compare them with other results on myfxbook or other similar sites. Some EAs seem to be doing better on PrivateFX than on other brokers, but it’s mostly EAs such as MDP. In any case, if you’re using a non-ECN broker, your EAs are definitely going to perform slightly worse than they do on PrivateFX due to the larger spreads.

  • #258 written by RWL June 23, 2013 (3 years ago)

    What is the conclusion then?
    1>People who program average working EAs selling them because the EA itself doesn’t make them rich, while people who program kickass EAs dont sell their money printing machine
    2>In the forex market don’t exist edges to program a money printing machine and the best commercial EAs are also probably some the best that exist

  • #259 written by birt June 23, 2013 (3 years ago)

    Actually, you can make a lot more money by selling a profitable EA than you can make by using it unless you have a huge balance to start with. Think about it: the average person cannot afford to invest more than 5-10k; even if you have an EA that makes 100% per year (which is huge), it’ll take a rather long time to actually make some good money, whereas if you sell it for $300 a copy you can make a lot of money rather quick and if your system is good you can invest the capital in it. However, the sad fact is that most existing Forex strategies fail to produce profits except perhaps for the developer.

  • #260 written by Cindy August 29, 2013 (3 years ago)

    Hi there, does LeoTrader Pro work?

    • #261 written by zhongzexuan September 5, 2016 (1 month ago)


  • #262 written by Garth August 29, 2013 (3 years ago)

    I’ve looked into LeoTrader Pro… Their account to which they give investor access to stopped trading at the end of May this year. Total profit/loss for 2013 is a $202 loss. Don’t waste your money.

  • #263 written by laurent December 25, 2014 (1 year ago)


    I just discovered your website and it rocks !
    A lot of interesting tests.

    BTW, have you any plan to test Powerflow EA from forex 21.
    I would very much like to have your advice about it.


  • #264 written by Pawel October 3, 2015 (1 year ago)

    Im reading all that comments and I just Wonder: is there any, I mean ANY EA that works and of course earns money – stable money – every month? I tested using ticks from TrueFX.com and Trial version of Tick Data Suite (once more BIG thanks to Birt) lots of EAs on mql5.com (even those for 1000$ and more – of course demo versions) and every EA get loosy in my tester. I dont know, but maybe the only one way to earn on Forex is manually trading? OR can you recommend some good EAs?

  • #265 written by Anna December 11, 2015 (10 months ago)

    What is your gripe. Everyone here is looking for surpopt to find new EAs and share opinions and thoughts. I subscribe to this thread to just in case new important info comes up about this EA. Don’t f-en waist my time or others following this thread, reading your shit. Why don’t you give a copy to Brit and lets see how great your EA is. If it is that great, you will have everyone on this thread buying your EA and you will be rich. So what will it be? If it is that great, shit i will be your first costumer. Otherwise, don’t waist people’s time with your dreams in the making. Talk shit when you have it. I am pissed because i woke up just to read this f-en thread

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