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 NameCurrency PairsTimeframeStrategyECN4&5 DigitsTake ProfitStop LossHome Page
FRWC Fusion 1.1aEURUSDM15 FRWC EA Strategies CombinedYesYesDynamicDynamicFRWC Website
FRWC HiRiderEURUSDM5ScalperYesYes5-1689-129FRWC Website
FRWC LMD MultiCurrencyUSDJPY, USDCHF, AUDUSD, USDCAD, EURCHF, EURGBP, GBPUSD, EURUSDD1UnknownYesYesDynamicDynamicFRWC Website
FRWC SuperVolcanoGBPJPYM1Volatility ScalperYesYesDynamicDynamicFRWC 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

  • steve Reply
    Aug 31, 2011 @ 14:10 pm

    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 Reply
    Aug 21, 2010 @ 8:13 am

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

    • brandon Reply
      Aug 21, 2010 @ 8:18 am

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

  • Online Forex King Reply
    Jun 16, 2010 @ 11:20 am

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

  • Garry Reply
    Jun 15, 2010 @ 17:13 pm

    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 Reply
    Apr 13, 2010 @ 8:53 am

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

  • admin Reply
    Apr 9, 2010 @ 7:54 am

    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 Reply
    Mar 31, 2010 @ 7:43 am

    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?

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