David Morris just sent me an e-mail about his new forex robot releasing on October 26th. What he forgot to include in his e-mail were results and specifics about this MRN bot. All he tells me is it has M.R.N. technology and is the first news reading robot, which I can 100% prove is not true. Anyways, onto the review…
| EA Name | Currency Pairs | Timeframe | Strategy | ECN | 4&5 Digits | Take Profit | Stop Loss | Home Page |
| MRN Bot | Unknown | N/a | News trading? | Yes | Yes | Unknown | Unknown | Website |
Performance (MRN Bot Test Results)
Vendor shows no test results in the pre-launch phase, will update when they do or when I get a copy running.
License
MRN bot is being sold through Clickbank for a TBA price, but most likely $99 with 3+ upsells.
Strategy
MRN bot claims to be the first news reading forex robot which is not true. There have been news trading robots for the past couple years. How it actually trades the news and which currency pairs it supports remains to be seen.
Recommended Brokers
Check out FX Open and Iam FX for forex robot brokers.
Conclusion
Amateurish video, no pre-launch results, false claims… I guess we will have to wait and see on October 26th if this MRN Bot is any good.
Safe To Buy?
MAYBE!
The only reason this gets a maybe is because of the 60 day money back guarantee with Clickbank.
MRN Bot Overall Rating
I must be luckly but have been opening and closing 10-15 trades a day on 3 pairs with profitable results. I’m running a demo account on IamFx. Don’t know how well it will run on live account but as of now I’m satisfied with current results.
I bought from David Morris up to MRN-Bot-Ultimate(three payments – over 300$)!!!
It was a serious mistake, cause not even once within almost 6 weeks I didn’t get a single
reply to my support-questions on info@mrnbot.com though the promise was to answer every
single mail. So beware and don’t buy any stuff from David Morris, cause he(they-who knows)
only want Your money!!!
If I should be wrong and anybody managed to use MRN-Bot in a satisfying manner – please let me know in a post here on ‘forexfbi'(I will then get in contact via email and go into details what
happened) – Yet I think the money is gone for good – and maybe there is no David Morris at all.
It never traded until i bought it. The support team is very poor. I send 4 emils to them but nevery get respone. Lucky to get refund from Clickbank.
I had no luck with this EA. It had lots more losses than wins in the first several weeks on a demo account, however my money was refunded without hassle. Sorry I can’t be more positive, if it works for you I wish you all the best.
So far three out of three MRN trades bad when it FINALLY traded. Website said it would start trading first day.
I have backtested this ea but backtest was very poor, stil profit but like 5% per year profit, so I did not try forward testing as forward results are most time less then backtest because of spread