A.M.B.E.R. The Commodity Code is a new piece of automated forex trading software being released on July 17th 2012 by the makers of Fap Turbo. This is an actual physical product not just a download, so shipping and waiting will be involved. I wonder how that will play into any refund policy they might have.
It will be sold on the Digibank payment processor with the following 3 license plans and unknown refund policy.
- Private Trading License (trade amount capped at 500k) for USD 1,997
- Fund Manager License (trade amount capped at USD 5,000,000) for USD 9,800
- The Bank Manager License (trade amount capped at USD 10,000,000) for USD 19,890
All plans feature installment payment options (3 month and 12 month for bank manager) as well as.
This new piece of automated software from them seems to be something completely new trading oil, gold and silver instead of your usual currency pairs.
Results
Oil
They claim to have a real money $ 100,000 account , that grew to over $ 170,000. The amount of time is yet unknown but full stats are claimed to be disclosed including low draw downs and past trading months soon. These results will be made live on July 11th, 9 AM EST TIME.
Silver
Here they claim to have a $100,000 real money account that is now up to $297,393.70, with publicized live results to be shown prior to or on launch date. These results will be shown on July 12th, 9 AM EST TIME.
Gold
Gold is considered their “flagship” module with this software making a gain of 570% on another $100,000 real money account. These results will be revealed on July 14th, 9 AM EST TIME.
That’s $300,000 in real money they have apparently forked out for live testing of their new robot. If all holds to be true, that is some serious self-confidence in a system. That or they’ve just made so much from Fap Turbo that risking 300k is nothing. Regardless, it’s still impressive and if all these results hold up to be real then I’m sure many will be able to look past the hefty price tag. I plan to have my own results of this one on this very page for you all to follow when this thing is released to keep an eye out for that.
Strategy
The only thing we know about the strategy of AMBER is that is trades Oil, Silver and Gold, with Gold being it’s go to money maker. Everyone knows what Gold and Silver have done over the past few years so you have to wonder if that plays into their strategy at all? I would be pretty nervous anytime it opened a sell order for either these days.
Remember if you are going to try A.M.B.E.R. The Commodity Code robot 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 AMBER Commodity Code 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 A.M.B.E.R. The Commodity Code EA 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 A.M.B.E.R. Commodity Code EA experiences, strategies, thoughts, whatever…
AMBER Commodity Code Rating
Obviously still way to early to rate this one, but it does look like it has some serious potential bringing a few new things to the table. The fact that it’s an actual physical product and that it trades Gold, Silver and oil may be refreshing for some, but the price tag may not!
During the last two month I have followed the A.M.B.E.R Gold EA live trading page and I have found that the vendor hides losses.
On the trade of 11.12.2012 this EA lost – 3,000 pips
On the trade of 10.01.2013 this EA lost – 1,755 pips
On the trade of 18.01.2013 this EA lost – 3,000 pips
None of these losses appears in the live trading page of this EA.
On the 19 of January I sent them a mail and asked them ;
” Please let me know if you have the open trade of AMBER Gold EA that started yesterday 18/01/2013 ?
Please see the attachment.”
On the 21 of January I got an answer :
“Yes, we have this trade and it was opened in the same time like on your screen shoot and this trade currently in profit!”
This trade have lost – 3,000 pips ! I double checked the update of the Live Trading Page and I didn’t find this trade from the 18 of January that that they approved before.
This was a clear evidence for me that the EA live trading page is not reliable and that they cheat and mislead the traders.
did you do any more testinf on the amber commodity software?
it seems now they have live results on fxchoice. is that a scam as well? what do you think?
Yes , I have test it for long time and come to the conclusion that it is a scam.
The results that you get in the FxChoice are not in real time. Some times you get them in a delay of few days. The have promised also a conference in a hotel in Austria on August 2014 free of charge for those who bought the EA, and they didn’t keep the promise.
Yes I have test it several time and come to the conclusion that it is a scam.
The report that you see on the FxChoice is not in real time and some times has a delay of few days.
I also purchased tried and have unfortunately seen a large loss with this heap of rubbish. Requested a refund but was not successful. Waste of $2000 hard earned dollars. I now make more money trading gold and other currencies manually rather then using this shit.
I have to admit this product seemed to be the real deal and all. Ive been a long time user of Fap Turbo and this product clearly puts their name to shame. I’ve had problems with this product since day 1 and have constantly contacted their support about it being unprofitable and not trading. Very few wins and when it wins it only takes 1 loss to wipe out all of your gains and more. This product successfully took my $10,000.00 account and wiped it in half since purchase with promises from support “Wait and it will make it back”. Even though it is past 60 days, I have requested a refund anyway since my complaints were well within 30-days of purchase. My first request for a refund was denied and they requested I test on MyFXChoice which I did and it still failed.
I purchase this EA on 20 of July 2012 and since than it lost on August 38% and on September 23% I think this EA is not profitable as it shown. Beware!
This is RIDICULOUS, my card has been charged for the third payment since I requested the refund. My email has never been responded ever since.
My REFUND never comes to my credit card back. Anyone can help me how to report this case, please!
Bought a copy i think i will refund, they are so stupid or clever not to CLEARLY reveal real account at myfxbook or similar. I hate to ask refund, if they truly believe in their product, they would offer LIFETIME money back guarante. They do not, ok i must refund.
My second installment plan for this product had been charged, I must immediately decide whether to ask for a refund or keep giving it a try before the 60 day money back guarantee ends. For me this EA has not been performing well as advertised. Any suggestion?
The same here. Since Aug 17th there have been no trades since the -300 pips. I’m not luckly that -300 pips is the first trade I got. But on their website there have been 3-4 more. I believe they have disabled the EA in Aug for safety to all clients since you see this Aug has wiped out so many accounts. I dont know whether it will issue any other trades.
thanks for your comments Iwill hold off untill Iget more possitive feedback ab
just another update, there hasnt been any trade in the past couple weeks after a loss of 300pips of one single trade. The support team has informed that it’s due to the unstable market situation right now. Anyway, i’ll still give it a go since it started with 2x180pips gain and then stoploss with 300pips with one single trade. i’ll update how it goes.
just an update with AMBER purchased last week.
havent used their highly recommended Fxchoice broker. instead i am running AMBER with Fxprimus.
on their site they are using 0.01lot per USD500 rule for their trade size, but i am using their standard momey management rule preset in the EA (seems like a rather smaller lot size with about 0.1 lot per USD3000). So far only two trades entered (both gold) within 4-5 trading days, but resulted quite well, somehow they seem to know where the spikes were and the trades went in just a little while before the spikes with about 180pips gain for each trade.
i will keep it updated once a while with ForexFBI readers.
cheers!
Thanks Roy and congrats on the early gains, I hope it continues and I appreciate any future updates 😉
I have just purchased it last nite and test run with my FxPrimus account. They however HIGHLY recommend the FxChoice broker and claimed that AMBER has been optimized with the best result with this broker.
I can only find very limited info about this broker. Does Admin or anyone have any experience with this broker?
I will also share my AMBER status with everyone here, so far i havent seen a trade.
Thanks for the link Richard.
I have noticed today that they have posted some 99% backtests on DailyForexPips as well. The results are interesting and do not match the claimed growth.
http://www.dailyforexpips.com/forward-testing-results/3643-m-b-e-r-commodity-code-live-forward-test-5.html
Thanks for this review guys. I totally agree that its important to test it before taking the plunge and using your own money. I was on their website when the product was launched and I have to admit I was taken aback by the price! I think $2k is excessive and way out of reach for the majority of forex traders. That said maybe they are trying to keep the product exclusive?
I think they should have atleast had a verified myfxbook account… they have nothing at all verifying what they claim.
Crazily the guys at dailyforexpips have actually bought a copy and are running a live forward test which is independant which I’m going to keep a close eye on. As yet it hasn’t even traded though… Any way for those that want to take a looksy url to their forward test is http://www.dailyforexpips.com/EA-Forward-Tests/?id=29
They said in the forum that they are simply using the 60 money back guarantee to test it out. All well and good if you can part with the 2k for 60 days!