Forex Robot Reviews

Auto FX Payday Review

Auto FX Payday

Auto FX Payday is a new forex robot that is being released today, January 23 at 9:00 am EST. This post will be our thoughts on the information we have at hand which is just the sales page and posted results by the vendor as we don’t have access to the robot yet. So let’s dive in and see what we have so far with this one.

Here is their headline quoted straight from their sales page:

“How a computer programmer discovered the secret to make a fortune in the forex market and managed to extract over $26 million in profit with ease”

Ok so Sam Taylor, the guy behind Auto FX Pay Day claims to have made over $26 million in profit, but wait! Where is the trading report for this 26 million dollars? All I see is a questionable report of a $166,000 profit account from a $1000 deposit. But hold on just a second, look at this quote from their sales page:

“Now check out the same stats below verified by a 3rd party website (myfxbook.com)”

He then shows just a screenshot of what is supposed to be a legitimate myfxbook account for this $166,000 account, but there is no link to the actual myfxbook report. If Sam Taylor wanted to really push his sales of Auto FX Payday then anyone in their right mind would know to show legitimate verified results of such an account. Displaying just a screenshot with no link to the verified account is a huge red flag and 99% of the time means fabricated results.

After a quick look over their only trading report displayed it looks as though it runs a 50 pip stoploss and a 10 pip takeprofit with possibly a trailing stop. The backtests appear to be over optimized and curve-fitted to the point where you would never ever replicate those kind of results, not even on a demo account.

Remember, this is just our analysis of Auto FX Payday based on the information we have at hand with their sales page. If you have AutoFXPayday, feel free to leave a comment below discussing your experience.

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7 Comments
  • Viktor Vass - Posts:
    October 11, 2012
    Reply#1

    This is a scam… They dont give any support… They dont give any answers to the emails….. In this case, if you want back your money, like me, no chance……
    Forget your money

  • Tim Allpress - Posts:
    February 18, 2012
    Reply#2

    I agree with above comments. It is a scam. When it works, which is not often it will only give you losing trades. I know, I was daft enough to buy it. I am trying for a refund but have little hope. I do not know how these crooks sleep at night.

  • Khaled - Posts:
    February 11, 2012
    Reply#3

    I have bought Auto FX Payday Platinum Software but I have not yet test it? I believe that we should test it in demo account at least for a month to get real result.

  • Yin - Posts:
    January 30, 2012
    Reply#4

    Thank you for your comments which would help a lot of people from making a big mistake from trying this EA. It does smell SCAM when the guy said he made $24 million and the background setting in the video is rather spartan. Again, thank you guys for your very useful comments.

  • Raulin - Posts:
    January 26, 2012
    Reply#5

    Hi

    I don’t want you guys to buy this EA….
    It only gives you losing trades …It is not good at all

    Take care

  • Flamenco - Posts:
    January 25, 2012
    Reply#6

    A real loser! -$1700 in 3 days with .73 lots on both demo and live. Too busy to post stats but this is one of the worst EA’s I’ve ever tried.

    • Tony - Posts:
      January 26, 2012
      Reply#7

      Thank you for sharing that. It smelt of SCAM SCAM SCAM from start to finish and thank you for spending the $ to find out for us. I was tempted to give it a try but the idea of $39 for an EA that can make $24m just made me laugh too loudly that I couldnt bring myself to enter my credit card details. I really hope you get your refund. Did you notice that the guy on the video was clearly an actor being paid to do it and reading auto-cue? The whole thing was so lame, but tempting nevertheless. Good luck on your refund 🙂

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