Another EA? Yes – another one from many many of them, and from what I found not a really good one. From what I found in internet it uses martingale – and this by default is very risky and you need to be ready to have a lot of gains as well as have a very very big losses – like entire account . Here are what they advertise:
2 days ago Rita Lasker launched the ULTIMATE 4G version of the legendary Fish Forex Robot. It is a real Forex HIT, try Google search and you will see the thousands of references! I am absolutely sure that this robot must be tried! What is more – Fish Forex 4G has already showed the profit. The very FIRST trade has paid back the price. REAL SCREENSHOT is published at the site. Do not miss this chance to get a LIVE Forex LEGEND. Try it risk free.
OK, by reading this words you should have red flags and a lot of light bulbs lighted up:
- Who is Rita Lasker? No-one saw her and there is no youtube video about her – a professional trader who respects itself will have at least one out there.
- The Legend is back? Really? if it was so good why it disappear? All of the robots which are so good they are still on Market for example Forex Megadroid.
- REAL Screenshot … Are you kidding me? screenshot? this is the last thing which will make me definitely say no- if you have proof it should be real one – I can make you a such screenshot in minutes with strategy tester – I do not believe it.
Here is the image of some backtesting on H1 timeframe for 5 months on EurUsd Pair of older version of it – I don’t think the new one is something better – by the way – how can we check if it has improvements or not? no way – so I think it is the same as it was before.
It opens 2 pending trades with 10 pips profit and 50-60 pips of SL which is 6:1 Risk Reward Ratio – definitely a scalper and smells like martingale. As you can see it increases the lot as soon a you have a loss trade. The increased lot is 5 times bigger then the usual one and the SL is 200 pips – which is 5*20 = 100 winning trades on mine – I do not want to think what will happen if I have more then few loosing trades in a row – I loose all of my profits.
Anyway – if you really decide to use it here is the link where to buy it:
Strategy to invest: Very easy – open an account with the money you ready to loose – for example $700 – get ready to loose all of them – as soon as it increases with 30% (should be not longer then 1 month) take them off – and so on every time it increases with 30%. On average for a long time run it should give you around 10-20% per month which is quite good (here I took in consideration the losses as well)
Cons: – one sale-page website, not profitable in past(even if they say so), No Real proof account – I think this is one of the main thing to consider, nothing real to take in account except wonderful words about the EA which can not be verified. Account can blow away very easy.
Pros: – you can gain some good money in very short time. 60-day money back guarantee with no questions asked – but in this case you loose your time and money invested.
Conclusion: This is an EA which is not recommended – if you really would like to try it you could go ahead and get it with money back guarantee – but as I said above you will loose your time and money invested. If you really want to try a martingale system just google it and you will find one for free somewhere or just wait in here before we will develop one for you. Just keep in mind – Martingale can be very profitable systems as long as you know how to manage them – otherwise you can say goodby to your money.
What is your experience with it?