Comments on: Forex Arbitrages Review And Discussion

By: samuel

samuel — Fri, 16 Aug 2013 10:44:56 +0000

arbitrageforexea.com and mam fx robot ea is a scamm!!!!!!!!!!!!!!!!!!!!!!!!

By: Jens holck Jensen

Jens holck Jensen — Fri, 10 Jun 2011 15:00:14 +0000

just got this e-mail from clickbank:

Dear jens holck jensen, This email confirms that your purchase from ClickBank.com has been refunded.This refund will appear on your statement as “CLICKBANK” or “CLKBANK*COM.”

By: Jens holck Jensen

Jens holck Jensen — Fri, 10 Jun 2011 11:43:48 +0000

I got the same reply from click bank, exact the same wording. FA is using auto responder to reply buyer that ask for refund. Just insist on refund, you should get your money back. Don waste time on this ea.

By: Tim

Tim — Mon, 16 May 2011 21:51:58 +0000

bought 3 weeks ago and set up on GBPUSD made 11k in 10 days only on sell options, I have been asking support for reason why no buy options but to no avail. I am looking at placing on EURUSD as well, but arbitrage has not placed single option yet, only arbitrage plus. Always seems to be first thing in the mnorning and then waits all day well in the red until late afternoon as the market closes in europe, EURo drops and comes into profit on the trade, very scary all the time, but seems to pay. Have run with all limits off for 2 weeks now, no loss trades as it will not follow the stoploss orders. I have in 2 instances had to stop it myself and close an order as it was starting to trend the wrong way. All profitable, but really scary ride. Not a sensible option for people without massive funding behind them.
I started with an account of 50k, left with 65k so good result for 11 days final trades, but not a safe EA to use.
Tim

By: Bob

Bob — Tue, 03 May 2011 07:25:03 +0000

Hey Harding if you see this will you email me, we need to talk about Arbitrages. argonot@bellsouth.net

By: ET

ET — Fri, 29 Apr 2011 23:19:04 +0000

In reply to srdalt. I got the same reply from click bank, exact the same wording. FA is using auto responder to reply buyer that ask for refund. Just insist on refund, you should get your money back. Don waste time on this ea.

By: Brisi

Brisi — Thu, 21 Apr 2011 09:40:58 +0000

I contacted them direct and you cannot talk to this David Quinn they are limited on there answers, and Im under the impression that this is a con do not buy this product its crap leave well alone

By: SGB

SGB — Fri, 15 Apr 2011 15:37:33 +0000

Agree with other comments… Forex Arbitrages EA is real piece of c****! It doesn’t even look for arbitrages. It is just your basic five pip “scalper” on the EURUSD 1M chart. The “so-called” Manual program only looks for trends on higher time-charts and then you’re supposed to place the trades yourself. There is no explanation or rationale provided, just a generic installation pdf booklet for the Basic, Plus and Manual versions of the software.
I will be asking for a refund immediately because the advertising is completely misleading, even the very name itself is not representative of the product.
Total garbage – almost consider this EA should be given a “scam” rating. What do you think?

By: srdalt

srdalt — Thu, 14 Apr 2011 19:48:05 +0000

SCAMMMM..
Here are my emails fo refund.. Still waiting..
This is my fifth mail to refund me..
Refund me please..otherwise I’ll share all these mails in some forums, chat rooms, etc. with my opinions..

> Date: Tue, 12 Apr 2011 09:01:58 -0500
> From: support@forexarbitrages.com
> To: srd.alt@hotmail.com
> Subject: RE:
>
> Hi,
>
> orex Arbitrage has proven to provide its user with high and long term
> profits. If your results
> are different than ours we can review your settings and examine the
> chart you attached the
> robot to. If you would like us to review your settings you can copy
> the settings or email us a
> screenshot of the inputs tab and the chart you attached Forex
> Arbitrage to. Our address:
> support@forexarbitrages.com
>
> If you proceed with the refund request, Forex Arbitrage will become
> inoperable on your
> computer and you will be excluded from our customer list, who will
> receive free life time
> upgrades whenever market conditions change and when Metatrader 5 is
> officially released.
>
> Quoting serdar altintas :
>
> >
> >
> > Still waiting to refund..
> > Please refund..
> > Remember that you sad ” 100% No guestion Asked Money Back Guarantee”
> > From: srd.alt@hotmail.com
> > To: support@forexarbitrages.com
> > Subject: RE:
> > Date: Wed, 6 Apr 2011 16:45:03 +0300
> >
> >
> >
> >
> >
> >
> >
> >
> > Arbitrage philosophy in general meaning never risk more
> > than 4-5 pips but in your siystem some times my lost position strikies
> > -70-80 pips and MAYBE finally -100 pips.
> > Thats way this is risky for me. I never thought that risk more than 4-5 pips.
> > Thanks..
> > Refund please..
> >
> >> Date: Wed, 6 Apr 2011 01:05:34 -0500
> >> From: support@forexarbitrages.com
> >> To: srd.alt@hotmail.com
> >> Subject: Re:
> >>
> >> Hi Serdar,
> >>
> >> Forex Arbitrage team is sorry to know you are not satisfied with our
> >> service. You can join the hundreds of traders that achieve high
> >> returns and continuous account growth if you let me assist you with
> >> solving any technical difficulties you may have encountered or answer
> >> any question you have. Please let me know the reason you are not
> >> satisfied with the software and we will do my best to solve this
> >> immediately.
> >>
> >> Quoting serdar altintas :
> >>
> >> >
> >> > Hi..
> >> > I’m not satisfied your Arbitrage system.. So risky for me..
> >> > Please refund.. Thanks..
> >> >
> >> > PayPal=srd.alt@hotmail.com
> >> >

By: Harding

Harding — Mon, 11 Apr 2011 22:45:22 +0000

Hi
I have a completely different starting point for these two ea
Both should trade on the eur usd, but this is the worst pair
I have added six other pairs to arbitrage +and I have since last night made over $.
1000 I have closed the trade way before it reached limit but when there was a suitable profit.
What is rare is that only sell orders are executed
The recommedation for limit of 5 I do not understand because it looks like limit is around 40 points so I have revised this down to 3 and will see what happens.
Try different pairs and do`t go for a refund too fast.
But you need to use the arbitrage+ the other one are not trading

By: arujin

arujin — Mon, 11 Apr 2011 16:57:33 +0000

In reply to Dazza. Hi Dazza , if you purchase through plimus change your ticket to 'escalate' to make them to get your refund. Bs with 'tech support' or 'vendor response'.

By: Dazza

Dazza — Mon, 11 Apr 2011 06:48:40 +0000

SCAM!!! I’m also on my third attempt for refund. Tech support keeps changing status to ‘tech support’. So much for no questions asked refund. I will make sure I get mine though. Don’t waste your time anyone, and if you have, please make sure you get a refund!

By: dkchan01

dkchan01 — Sat, 09 Apr 2011 15:15:18 +0000

Just my two cents worth about this EA. Downloaded the EA using THEIR recommended broker and after 3 days not a single trade. Ran it on two additional brokers, running now on three brokers, and still not the first trade. Contacted support and their answer was to use the settings in the manual and use their broker, which I had already specified in my email. After the support “run around” I began my “quest” for a refund and it took over four email to finally get a refund ONLY because Clickbank stepped in to resolve. Finally received refund but from my vantage point this EA is a load of horse droppings! DO NOT WASTE YOUR MONEY OR TIME!!

By: Jonny

Jonny — Thu, 07 Apr 2011 11:44:02 +0000

In reply to Roy. OK, this is yet another dangerous thinking some traders have. What is the TP and SL? Just "reversing the logic" won't make it profitable. This is rather dangerous thinking.

By: John Morris

John Morris — Thu, 07 Apr 2011 09:11:11 +0000

This software is a complete SCAM! DO NOT Buy This! We have tested the software and it’s complete garbage. We requested a full refund for 3 times and it was denied. We escalated to paypal and clickbank and here’s what they did. They changed the “status” of the clickbank refund ticket from “refund” to “tech support”. A clickbank staff member had to change the status back to refund and issued the refund immediately. I just wanted to share this to help prevent the same that happened to me to happen to anyone else. Thanks.

By: Roy

Roy — Mon, 04 Apr 2011 03:47:25 +0000

David, I did everything you recommended including using “Pepperstone” as the broker but I have a situation which I cannot understand. My demo account has closed 452 yes 452 trades and EVERYONE is the same. All sells and all from Arbitrages plus AND ALL are losses to the tune of -1552 dollars. Not one gain and all this in one day. Now if you can change something in the programing so it does just the opposite, I can make some real money real consistently. How do we reverse this?

Above is a copy of a message I sent, today, to Dave Quinn which explains what is happening with his product. The regular EA has not made even one trade but the advanced version has made 450 in one day averaging $3.50 loss per trade. All are consistently the same, sells and closing as a minus. If someone out there knows how to reverse the program I could have made $1500 in one day starting with $3000 and no losses. Good thing I’m on a demo account.

By: Capella

Capella — Sun, 03 Apr 2011 16:49:11 +0000

In reply to Phoenixrising8. Well, they are lying, as I have decompiled the EA and know how the program code look like. The trade is based on a combination of different technical indicators ONLY, and there's no communication between the program and any other sources. I'vre also backtested the EA with diferent settings, and it always ends with one or several huge losses that wipes out the account. Beware!!!

By: arujin

arujin — Fri, 01 Apr 2011 06:13:54 +0000

I think this forex arbitrage is just another version of the pushbuttonpips ea, which uses the difference of currency quotes from different brokers to make the supposed “profits”. I have tried the pushbuttonpips ea but it didn’t work because I couldn’t find the right pairs of brokers. Maybe the right pairs doesn’t exist? I got my refund from clickbank.

By: GP

GP — Fri, 01 Apr 2011 04:24:37 +0000

Thinking that this could work means not knowing what you are doing. The concept of arbitrage in the fluid forex markets has to be fundamentally impossible due to the constantly changing spreads – it may in fact be possible to enter a trade when a positive arbitrage exists, true, but next to impossible to maintain same – tons of hedging would probably be required (now not even allowed in US accounts); and even if it were technically possible, the method would not be for sale for $47 and a very, very large trading account would also be necessary to even achieve one successful outcome.

By: Jonny

Jonny — Thu, 31 Mar 2011 01:33:01 +0000

In reply to Geoff. I am sure you know it as well, but they are all actors just as Marcus of Forex Auto Pilot is an actor. You pick an actor from the list, send them the script, they read it record it and send the HTML file so that you can upload to your site. They are all actors.