Forex Robot Reviews

StatArb Pro Review And Discussion

statarb proStatArb Pro is a fairly new forex robot that’s been gaining a lot of attention. This is being sold by an unknown developer for $297 on the RevenueWire payment processor and they offer a 60 day money back guarantee.

They claim to be the first algorithm driven statistical arbitrage forex robot. Arbitrage trading has nothing to do with the so called arbitrage scamming your broker with time lag on different broker feeds. Pairs move in correlation like water in the ocean and if you can figure out how the ocean moves, you can make money.

 

 

Results

– They say live trading since Nov 2011… but no verified results apart from their sketchy screenshots from May 2012 ->

– The screenshots of the trading under the ‘Proof’ section show example daily charts… except the price charts and indicator chart don’t line up in time or in some cases currency pair. All those trading examples seem staged to me.

Also if you look closely at their live account at MyFXbook and display the entire time frame worth of trades you will see something like this below:

statarb-pro-results

They are sneakisly hiding this nice 47% draw down that occured in the beginning of June. Yet another questionable result.

Strategy

Here is a quote from their sales page that briefly describes the strategy behind this robot.

“What we’ve developed a proprietary, precision algorithm that scans the market on every tick for over 500 possible combinations of currency pairs to ensure that the algorithm is calibrated for the CURRENT market conditions”

Remember if you are going to try StatArb Pro that you fully understand how the system works before running it live. I always recommend to use your refund period to test it thoroughly for at least a month. If your results are above satisfaction, then and only then should you consider taking steps to trade it live with your hard earned money. Just because a website says their system will make $xx,xxx a month doesn’t mean it’s going to. So if you are not satisfied, do not hesitate to request your money back. If you are interested in more information on this forex product then check out the link or any comments below.

If real user reviews of StatArbPro are what you are looking for, then check the comments below. They are real customer experiences with this product. If there are no comments, then be sure to come back frequently and check for updates as our review and discussion of this product continues to grow.

If you have experience with StatArb Pro or know something people might find important please feel free to share in a comment below. It may help someone save or make a lot of money so don’t hold back. Because of the influx in forex robots and forex systems being released right now, our reviewing as been slowed but our user comments have not. Make yourself at home and write a comment, or ask a question for the community to discuss. You will be surprised the information and knowledge you may unveil.

If you want to submit a forex trading product or broker that is not listed on our site, please use the Submit A Forex System form or Submit Your Own Articles. There are many private and underground forex robots and systems out there they I just don’t have the time to look for. So if you know of any, or a place to find them please feel free to share and I will make a post about it for the community to discuss.

Ok guys lets get the ball rolling, here at ForexFBI we encourage our visitors to discuss your StatArb Pro experiences, strategies, thoughts, whatever…

StatArb Pro Rating

2 Comments
  • MRS MARKET - Posts:
    August 30, 2012
    Reply#1

    if you buy this please look carefully at the refund conditions. it is not through clickbank but through some unknown private account. you have to send detailed brokerage proof to show that you traded according to the instructions (which are not very clear). they say its going to cost $1997 now there is an EA.

  • Jonny - Posts:
    August 24, 2012
    Reply#2

    I don’t like this one on so many levels. First off, that $1,000,000 deposit account on page one that only earned ~53% in 7 months. Now, great if you have $1 Mill to earn off of but what if you only have $5,000? Return on that is ~$2,500 in 7 months. Sure, money is money but will that help anyone? Not a blistering return promised by the hyped page. I think 20% per month projection clearly is ignoring their results on their front page. And like you said no live results, but I hate myfxbook with passion. Every EA vendor should use MT4i EA attached to their live trading chart and get the account verified REAL and get it published in real time.

Leave a Reply:




Top 5 Performing Forex Robots
Top Rated Brokers
BrokerRating
HotForex
(4.61 avg of 366 votes)
FxOpen
(4.42 avg of 316 votes)
IamFX
(3.39 avg of 271 votes)
FxPro
(3.00 avg of 77 votes)
AvaFX
(2.92 avg of 79 votes)
Recent Posts Recent Comments