Forex Robot Reviews

Forex Shockwave EA Review (Shockwave Test Results)

Review of the Forex Shockwave EA
 

EA Name Currency Pairs Timeframe Strategy ECN 4&5 Digits Take Profit Stop Loss Home Page
Forex Shockwave All M15 Intraday Yes Yes 500 100  Forex Shockwave

Performance (Forex Shockwave EA Test Results)

License

Shockwave is sold for $99 through Clickbank with many ridiculous upsells. They try to upsell you an advanced version, then a guide, then a monthly subscription for updates!! Their site also has the very annoying exit popups trying to offer you better deals. I find that any site that uses this tactic is trying to force you to buy which obviously means it’s crap.

 

 Forex Shockwave Strategy

No real trading statements are provided by the vendor so it’s hard to tell exactly how this thing trades, but it appears to be short-term intraday trading on all major currency pairs. The vendor claims Forex Shockwave has RPI (Rapid Price Indexing) which can predict short term trading opportunities. They also claim it has a self-optimization feature, yet they try to upsell a monthly subscription for updates? That’s odd…

The Forex Shockwave Robot use an impressive 1:5 Risk/Reward Ratio. As well as a trailing stoploss. But does the robot work?

No Backtests posted, no verified live results proof! The vendor says the reason why 90% of traders are not are not successful like he is, because he is using a powerful system, then says “This isn’t an empty claim… I have proof”

What comes next? Yep! the usual screenshots of edited account statements.

 

Forex Shockwave Recommended Brokers

FX Open and Iam FX are two brokers to consider when trading forex robots.

 

Conclusion

No real statements given by the vendor, and I don’t have my hands on a copy just yet. As for now I would probably recommend staying away from this one until we see some better, more reliable results. I will try to have an account up for this shortly.

We have given this Website a transparency rating of 2 out of 10

   

Safe To Buy?

MAYBE!

It does have the Clickbank 60-day money back guarantee, but I am willing to bet you are going to want to use that guarantee.

Forex Shockwave Overall Rating

2 Comments
  • Eddie - Posts:
    September 18, 2010
    Reply #1

    I got a copy of shockwave EA, It does not work. I can Email a copy so you can dicected.

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