Forex Robot Reviews

Forex Oracle Trader (OracleTrader Review & Results)

Review of the Forex Oracle Trader

Launches August 9th 2010


 

 

EA Name Currency Pairs Timeframe Strategy ECN 4&5 Digits Take Profit Stop Loss Home Page
Forex Oracle Trader All Majors H1 News Trading Yes Yes Dynamic Dynamic Forex Oracle Trader 

Performance (Forex Oracle Trader EA Test Results)

License

Forex Oracle Trader will have a launch price of a staggering $2,470, its payment processor and refund policy are still unknown.

 

Strategy

OracleTrader has three main components you should know about.

1: It is primarily an elegant yet simple piece of trading software that helps traders profit during news releases by instantly calculating the deviation between analysts estimates, and actual new report data. If significant enough, this deviation moves the market, and OracleTrader subscribers get their trades automatically executed by the software a split second before the market moves!  Access to the software is on a monthly subscription basis, and this promotion offers a “bundle” subscription at a large discount, making it a very compelling package!

2: The second component is brand new, professionally developed (by adult education experts) training course that teaches traders everything they need to know to not only use the software successfully, but also to build a thriving business around OracleTrader.

3: Third, customers get access to a live trade room called “Profit Center” in which Dustin Pass helps them learn news trading with OracleTrader in a live trade room environment during the major news releases. He also provides additional “above and beyond” trade signals when appropriate, for additional trading profits.

 

Recommended Brokers

FX Open and Iam FX are two great brokers for running robots with their tight spreads and great execution time during all hours of the day.

Conclusion

Forex Oracle Trader claims to have 17 months of live testing taking a $10,000 account to $180k. There is an abundance of results to be seen on their very long sales page which makes buyers very intrigued to buy whether the results are real or not. I have been reading some pretty good things about Forex Samurai so I am curious to try it myself. They even offer an 80 day money back guarantee instead of the typical 60 day. I will try to get an account up with it this week for you guys. I will update my conclusion when I learn more.

Safe To Buy?

MAYBE!

Forex Oracle Trader has not officially been approved for purchase until it’s payment processor and refund policy has been determined.

Overall Rating

44 Comments
  • Barry D - Posts:
    February 4, 2011
    Reply #1

    I purchased Oracle Trader on Aug 1, 2010. I traded the first month with a demo account and made over 200 pips. i started trading live the first week in September. everything changed. I`ve only had 2 very small profitable trades since that time and several losing trades. Live trading is totally different than demo trading. About 80% of the time I receive no trades, disabled trades, or trade timed out, or some other error. I have contacted the “lack of support department” on several occasions. Their only response is to change brokers. I am now on my 5th broker with no improvement. (Gain UK, Alpari Uk, metatrader.com). I have used the services of 2 broker referral companies but that has not helped. Oracle Trader staff no longer respond to my emails.

    I have not made a trade since christmas. I just can`t justify getting up in the middle of the night and waking up my wife to attempt to make a trade with so low a probability of success. The original sales pitch is very mis-leading in that they do not disclose how difficult it is to find a broker that this program works with some efficiency.

    On top of all this, the monthly subscription of 299.00, (I believe) starts on Aug 1, 2011. There is no way that I will subscribe, even if the program starts working. I now understand why they will not allow refunds or allow a member forum.

    Now for my sales pitch. If anyone is insistent on purchasing this program I will sell you mine for a deep discount. Unless you have deep pockets, I would not suggest you take me up on my offer. If you have deep pockets, I would appreciate the donation.

    tremac@safe-mail.net

  • tim - Posts:
    November 2, 2010
    Reply #2

    I use the FREE manual system available which means i have to stay get up at odd hours of the night to see if news triggers on the oracle or not and place my trades manually. I can’t complain so far (other than the lack of sleep) I made $28 in 6 seconds on a .05 lot just last night. Beware though, you DO need a broker that doesn’t increase spreads much during news and that allows news trading. I use Think Forex. YMMV as always. Still testing.

  • edward - Posts:
    September 29, 2010
    Reply #3

    DON’T BUY THE ORACLE TRADER TILL YOU HAVE READ THIS
    THE ORACLE TRADER FIRST OF ALL IS ONLY A HALF OF THE PRODUCT YOU NEED WHAT I MEAN BY THAT IS
    IT DOES NOT AND WILL NOT FUCTION OF IT’S OWN AND THAT’S THE DIRTY LIL SECRET
    THAT YOU LEARN AFTER BUYING IT IT’S ONLY 50% OF WHAT YOU ACTUALLY NEED TO MAKE IT FUNCTION
    THE MOJORITY OF THE SUCCESS OF THE ORACLE TRADER DEPENDS ON THE BROKER LETTING YOU IN THESE TRADES
    DURING NEWS EVENTS AND GIVING YOU A DECENT PRICE AT WHICH BROKERS ARE NOTORIUS AT RIPPING YOU OFF
    DURING THESE EVENTS IT IS OUT RIGHT SCADDLEOUS THAT SPREADS INCREASE 20 OR 30 RIGHT B4 THE EVENT
    SO FAST YOU DIDN’T EVEN NOTICE TILL YOUR IN AND TOO F**KIN LATE NOW CHUMP NOW YOU PAY THE REQUOTE
    THE SPREAD AND SOME BROKERS PLATEFORMS FREEZE DURING NEWS EVENTS NOT EVEN LETTING YOU OUT
    WHEN YOU HAVE A PROFIT ALL THESE THINGS ARE NO WHERE IN THE ADVERTIZMENT OF THE ORACLE TRADER SO DONT EVEN BUY IT TILL YOU FIGURE OUT YOUR BROKER ISSUES GET THE DEMO WITHOUT AUTOCLICK FREE THAN OPEN BROKER AND PLAY
    WITH PENNIES TILL YOUR SURE OF EXUCUTION AND ANOTHER THING HOW CAN YOU TRUST ANYBODY WITH NO CUSTOMER SERVICE NONE THAT BULLSHIT OF LIVE CHAT DOESN’T CUT IT DONT SETTLE FOR NOTHING LESS THAN
    PHONE NUMBER CUSTOMER SERVICE LIVE PERSON , THE ORACLE TRADER COST $2400 FOR THE YEAR AND THAN WILL COST YOU $300 A MONTH AFTER THAT $300 A MONTH DID YOU HEAR ME SO YOU BETTER BE USING SOME LOT SIZE JUST TO PAY FOR THAT THERE MAKING MONEY ON SOME SORT OF AFFILIATE PROGRAM NOT ON THE PERFORMANCE OF THE ORACLE TRADER SO I WENT WITH THE 3 PAY METHOD YOU WOULD THINK IF IT COST $2400 A YEAR $800 WHICH WAS MY FIRST PAYMENT WOULD COVER AT LEAST 3 MONTH? GUES WHAT NO! AFTER THE FIRST MONTH WHERE I RAN INTO ALL THESE ISSUES AND NEVER ENTERD 1 TRADE WITH YES 3 BROKER MIND YOU AND STILL LOOKING FOR THE HOLY GRAIL BROKER
    THEY CUT ME OFF THE AUTO CLICK I CONTACTED SUPPORT YES SUBMITTED A TICKET ASKING FOR A EXSTENTION SEEING AS I DID PAY $800 AND AM BEING ABSOLUTLY INGNORED SO HERES THE MATH YES THERE’S ABOUT 30 NEWS EVENTS A MONTH THE PROFIT CENTER OF THE ORACLE TRADER IS ONLY OPEN FOR ABOUT 10 OF THOSE OF THOSE 10 ONLY A FEW MEET THE SAFE DEVIATION TRADE ON THE ORACLE TRADER OF THOSE FEW WHICH IS ABOUT 5 YOUR BROKER BETTER LET YOUR F**KIN ASS IN HA OF THOSE 5 MAYBE 2 OR 3 YOU’LL GET IN HOPE THOSE LOTS ARE BIG TO MAKE A PROFIT AND PAY FOR THIS SHIT UNLESS YOU HAVE A DYNOMITE BROKER THIS IS NOT WORTH WHILE SO IT WOULD BE MORE HONEST FOR THE ORACLE TRADER TO ALREADY HAVE A LIST OF BROKERS SINCE THIS IS WHAT THERE OWN SOFTWARE DEPENDS ON SO CRUTAILLY AND YES I HAVE SEEN THERE BROKERS THESE ARE THE ONES THAT HAVE BEEN FAILING ME THINK OR SWIM/FXCM/GAIN CAPITAL/FOREX.COM/FXDD/ SO I HAVE TRIED MULTIPAL BROKER

  • Dean Guile - Posts:
    August 9, 2010
    Reply #4

    WOW i got a call from Ryan the owner of the software, and i won the scholarship for a whole years access to this service worth over $3,000. This is going to be good, this with Forex Samurai

  • phillip jackson - Posts:
    July 27, 2010
    Reply #5

    I have not brought the software but a few people appear to have brought it at a very large price quite a few are not very happy with it a few people are check out this website
    they check out forex software and ea’s to see how they perform they have actually banned this and said it is a scam many people have not been able to get their money back so you will have to decide what you think go to the following link
    for the feedback sofar

    • admin - Posts:
      July 27, 2010
      Reply #6

      You are looking at a different system. It is Oracle Trader.net and is not released yet.

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