Forex Weapon is a new forex robot being sold for $197 on the Click2Sell.eu payment processor. I see no mention of a refund policy so becareful about that. Also, instead of the $197 you can opt to join their affiliated broker and trade their EA there if you wish to get it for free. However it looks like you will have to open up a live account and deposit money before you can get their EA for free.
Also keep in min this is a trade copier type of EA, not a stand-a-lone piece of software. So you will only get the trades the developer gets, there will be no room to tweak algorithmic settings except to adjust your desired risk.
This is a very short test they have going, where it seems as though they had a lucky good run from August 22nd to Sep 3rd and then boom, a huge set of losses taking away more than half their profit. Atleast they have the balls to show their system on a live account for everyone to see unlike most vendors.
It uses a market timing & mean reversion method to determine entries and exits. It will work on the following currency pairs (GBP/USD, EUR/USD, GBP/JPY, AUD/USD). They recommend a minimum account size of $250 with the lowest risk settings.
FxOpen or IamFX are two great brokers for this system.
Overall this looks like a risky system with an unknown refund policy as well as a lack of customization options. Not for me…
Remember if you are going to try Forex Weapon 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.
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