Review of the Forex Wealth Robot EA
| EA Name | Currency Pairs | Timeframe | Strategy | ECN | 4&5 Digits | Take Profit | Stop Loss | Home Page |
| Forex Wealth Robot | EURUSD | H1 | Long indicator based trades controlled by static TP/SL | No | Automatic | 500 | 500 | Forex Wealth Robot |
Performance (Forex Wealth Robot Test Results)
License
Forex Wealth Robot can be purchased through clickbank for $77 and will work on unlimited accounts/computers. It requires no activation.
Strategy
Forex Wealth Robot uses a static TP/SL with a trailing stop and uses Parabolic SAR, ADX, RSI and Momentum indicators to determine it’s entry points. With a 500 stoploss and takeprofit, this could be an EA that leaves trades open for very long periods of time. On top of that it rarely opens trades, I am talking about 2-3 trades per month rare!
Recommended Brokers
FX Open is a great broker for running forex robots with it’s tight spreads and great execution time.
Conclusion
Forex Wealth Robot has a typical long and ugly sales page with with ridiculous claims showing only backtests. This is 99.9% of the time bad news. I don’t expect much from this one, I can’t believe I am even reviewing/testing it. But I’ve seen worse packages perform well so I will keep my mouth shout for now.
Safe To Buy?
YES!
Forex Wealth Robot has been approved for purchase ONLY because of it’s 60 day no questions asked refund policy through Clickbank.
Overall Rating
Obviously does not trade often enough to give any feedback… even after two years! I am guessing either now it has hardly done any trades, or else Russell has given up.
20 trades for 86 days runing… very low activity. Somebody knows why this EA does not continue working??
Few operations, but all positives and low price product.
hw is the ea performing i am planning to buy them no feed backs
HW IS THE EA PERFORMING
how can it be purchased?
Purchased Forex Wealth Robot Sunday, 2.05.2010 (New Zealand) Tuesday 4 .05.2010 and waiting for the first trade on demo account.
hw is forex wealth performing please give me a feed back