Forex Robot Reviews

FRWC EAs- Forex Robot World Cup EA Reviews (Live Test Results)

Review of the FRWC (Forex Robot World Cup) Forex Robots.

FRWC offers 4 EA’s in their membership package.

EA Name Currency Pairs Timeframe Strategy ECN 4&5 Digits Take Profit Stop Loss Home Page
FRWC Fusion 1.1a EURUSD M1 5 FRWC EA Strategies Combined Yes Yes Dynamic Dynamic FRWC Website
FRWC HiRider EURUSD M5 Scalper Yes Yes 5-16 89-129 FRWC Website
FRWC LMD MultiCurrency USDJPY, USDCHF, AUDUSD, USDCAD, EURCHF, EURGBP, GBPUSD, EURUSD D1 Unknown Yes Yes Dynamic Dynamic FRWC Website
FRWC SuperVolcano GBPJPY M1 Volatility Scalper Yes Yes Dynamic Dynamic FRWC Website

 

Performance

FRWC Fusion 1.1a live test results

Default FRWC Fusion 1.1a Settings.

Update: Well it only took a few days but FRWC Fusion 1.1a has wiped it’s $1000 account. It now holds the record for fastest account blow up for us! Stay away from this one guys!

Update (April 10th 2010): Looks like there is a new FRWC Fusion 1.2 available. I may try it out on a new account with lower risk settings to see how it goes.

FRWC HiRider live test results

Default FRWC HiRider Settings.

FRWC LMD Multi Currency live test results

Default FRWC LMD Multi-Currency Settings.

FRWC Super Volcano live test results

Default FRWC Super Volcano default settings.

License

$999 For a FRWC membership. Each EA is tied to a .dll that connects to their server and checks your plimus code that you must input into each of the EA’s.

 

Strategy

FRWC HiRider Strategy

HiRider is a scalping EA for the EURUSD pair. The robot is a combination of 5 trading strategies which 
can open maximum of 10 trades at any time. The first strategy uses 0.01 lots regardless of the MM 
settings specified. The other 4 strategies follow the lot size proposed by the money management 
system. The HiRider Scalper will buy or sell with a target of between 5 and 12 pips when the extreme of 
a move is detected and a reversal is expected.

FRWC Fusion Strategy

he FRWC Fusion-V EA is a great synergy of some of the best performing robots from the contest: 
 
LMD-MultiCurrency, HiRider, SuperVolcano, Neg-Correlation and Straasha 

FRWC says that “When combined together, along with some improvements by the experienced FRWC team, they 
produce really great results. For example, the Straasha EA did not perform well during the live trading 
phase because of some minor bugs, but it has great potential which was used in the FRWC Fusion-V EA!”
I guess we will see how great these results really are.

FRWC LMD Currency Strategy

LMD trades several currency pairs. It does not use any indicators, which is a good sign. The main signal is 
based on the open price of a Daily bar inside the channel defined by the High/Low of the last several 
days. LMD places a large StopLoss and TakeProfit values, however, it normally closes trades without 
reaching either level. You can also use the special feature called “EquityProfitCloseLimit” to close its 
trades when a certain profit level is reached.

FRWC Super Volcano Strategy

 The SuperVolcano EA waits until the volatility is very high, as measured by the Chaikin Volatility 
Indicator. When the volatility is high and the price has gone up, it sells. Similarly, when the volatility is 
high and the price has gone down, it buys. It uses the same conditions for closing the positions, thus the 
EA is almost always in play. 

 

Recommended Brokers

Any and all brokers. Try FXOpen or IamFX for great spreads and execution, perfect for EA trading.

 

Conclusion

After a bit of research, there seems to be a lot of mixed results and views about each of the FRWC EA’s. I will update this conclusion when I start getting some more test results.

FRWC Fusion – Stay away from this one! Fusion is an account blower upper.

 

Overall Rating

8 Comments
  • steve - Posts:
    August 31, 2011
    Reply #1

    The 30 day trading statement is a stalling tactic. They fought like heck to not refund my money. I did get my money back. That is the only good thing I can say about them. The robots were losers for me

  • brandon - Posts:
    August 21, 2010
    Reply #2

    FRWC is the scandale of 2010…. no excuses at all after all the PR Hype.

    • brandon - Posts:
      August 21, 2010
      Reply #3

      why, the truth is always hard to swollow…I had to swollow their incompetence.

  • Online Forex King - Posts:
    June 16, 2010
    Reply #4

    FRWC Fusion really crashed and burned then? How long did it take to wipe out $1000?

  • Garry - Posts:
    June 15, 2010
    Reply #5

    They wiped my test account in 24 hours. Luckily I had a cracked version still it was $99 wasted .Biggest marketing con ever getting that Dweeb to do the Video to say he programmed the winner. Going to Buy Pip Brains next that looks the real deal.

  • Bille - Posts:
    April 13, 2010
    Reply #6

    wooow fusion got smoked!! Thank god i never pulled the trigger on this one …

  • admin - Posts:
    April 9, 2010
    Reply #7

    Well with FRWC Fusion down and out, LMD multi-currency is now in the negative, as well as Super Volcano although not by much. HiRider is slightly in profit but so far this package is not living up to the $999 dollar hype.

  • Cheat - Posts:
    March 31, 2010
    Reply #8

    Just thought I would post a quick word or warning to anyone trying to get a refund on the FRWC EA’s, these guys seem to fight the refund request.

    They require you to provide them with a 30 day trading statement either on a live or demo account, but what they refuse to answer is why? how does it benefit them?

Leave a Reply:





Disclaimer: This website is independent of Forex Brokers and Forex Software showed/reviewed/talked about on here. Before trading with any of the brokers or software potential clients should ensure they understand the risks and verify that the broker is properly licensed. The website does not provide investment services or personal recommendations to clients to trade forex. Information on ForexFBI.com should not be seen as a recommendation to trade forex or a be considered as investment advice. ForexFBI.com is not licensed nor authorized to provide advice on investing and related matters. All information displayed on this website is for educational purposes only. The potential client should not engage in any investment directly or indirectly in financial instruments unless (s)he knows and fully understands the risks involved for each of the financial instruments promoted in the website. In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all. Potential clients without sufficient knowledge should seek individual advice from an authorized source. In accordance with FTC guidelines, ForexFBI.com has financial relationships with some of the products and services mention on this website, and ForexFBI.com may be compensated if consumers choose to click these links in our content and ultimately sign up for them. Forex trading entails significant risks and there is a chance that potential clients lose all of their invested money