Comments on: Pro Trade Copy Cat Review | Another Scam?

By: Patriciaoixe8

Patriciaoixe8 — Thu, 28 Jun 2012 14:39:34 +0000

F*ckin’ amazing issues here. I am very glad to see your article. Thank you a lot and i’m taking a look forward to contact you. Will you kindly drop me a e-mail?

By: Max

Max — Fri, 13 May 2011 07:49:25 +0000

I bought this service, tried it for 6 weeks and asked for my money back under their unconditional money-back guarantee. They played me along but never refunded. Before the third monthly fee became due I gave up and changed my credit card to avoid further monthly debits. Not to be recommended

By: Glenn

Glenn — Wed, 11 May 2011 18:07:41 +0000

Good start but the last couple of weeks have seen losses putting the live account into the red. Admittedly the markets have been difficult, but the trades look as though they are not being properly managed and some should not have been entered.

By: Matt

Matt — Sat, 23 Apr 2011 11:44:39 +0000

UPDATE
The Deluxe has stopped working again (on Friday afternoon) with the same error message… it seemed it happened after I wrote my update last time here *spooky music* anyhows getting close to the end of my tether with this EA and possibly the system but will stick with it for a bit longer as I have 72 days of trial though they r quickly dissapearing. Back tested Deluxe again b4 error msg and manged p.f. over 3 over multiple years…. sigh would b nice.

By: Matt

Matt — Thu, 21 Apr 2011 11:59:40 +0000

UPDATE
Umm, hmm…. where to begin.
Not great results since going live 4 weeks ago (abouts).
The wireless is still in the black and was doing exceptionally well up until the end of last week. Friday it had its first loss of about 40 pips (41.8 to b exact). Not bad considering it was 350 pips in profit after 8 trades. This week has been disappointing though, 2 trades and both hit s/l of around 130 pips. It seemed the management of these trades went out the door once they were placed and left to run their course. This system is still 50 pips up but I am keeping a close eye on it.

Next is the manual trading system, the Executive. In paper trading this system worked very well but the moment I went to live trading it has gone no where. In this it is not terrible as it may be just a none profitable period for the system but I hope it becomes so soon. So far the Executive is as close to break even as you get.

Now comes the headache…
The Swiper Deluxe EA (still on Demo) suddenly stopped trading with a error message saying “user blocked because of decompilation abuse” what eva the f… that means. I emailed support and they said they would get back to me. I emailed support they said they were sending it off for tests because it was unknown. I emailed support they replied their system was hacked and I would get my EA back soon. I emailed them…. u get the story. 3 weeks later they said they had fixed the problem and sent me my own user account number (the original) and said it was fixed. It wasn’t. I sent a strong letter back in response to that one and the next day they sent me a new account number and is now running fine. 3 weeks of lost time, so annoying they couldn’t have sent me a new number straight away. The back testing of the Deluxe is very special how ever. I wont go into it here but it has low draw down and has nice steady rising profit line over the period of the last 6 years (the extent of my downloaded history atm). With some settings a profit factor 3 and over can be acheived. It is still in testing and it only trades once every couple of days in back test so it will take a while to forward test (another annoyance with getting this EA working).

So the Question here is not is this a scam, this system has too much thought and results for a scam but rather will this last the test of time…. *so sits on fence (lights ciggy) n waits*

By: Glenn

Glenn — Wed, 13 Apr 2011 16:45:19 +0000

So far the results from this have been good for me too. I agree with the comments below that the trading (and lack of trading when the market is choppy – it doesn’t trade every day) seems to make sense. Although it is still early days with this, I have enough confidence, from what I have seen, to try it on a live account. I will report back on how that goes.

By: Cass Brown

Cass Brown — Tue, 12 Apr 2011 15:55:26 +0000

I bought the system with the copier. So far very good. Trades are well managed and I ahve made over 200 pips since April 1. All winning trades.

By: Matt

Matt — Fri, 01 Apr 2011 12:22:35 +0000

UPDATE
I am voting for this system today. 7 stars. The trade copier is up, the manual trading system’s signals are very good and am up a long way with it. The EA is down but it lost a few trades during the crisis following the Japan earthquake and other news orientated market moves. Should have really turned it off like you should with other EA’s during such events. This week it is recovering and should be hopefully back into positive figures next week. From next week will be adding the trade copier and manual system to my live account . Will continue demo trading the EA but am confident in its strategy to date.

By: Bill T

Bill T — Sat, 19 Mar 2011 10:01:56 +0000

That should read 4 eurodollar trades in the last two days of course.

By: Bill T

Bill T — Sat, 19 Mar 2011 09:45:48 +0000

This is an odd one….the upsells are horrific, and the weird thing is that the licence they first give for the wireless copier – not really an EA in that sense – does not seem to have worked for anyone! Having said that, I contacted support, they sent me a new licence reasonably quickly, and I now have the wireless working on a vps demo. To my surprise……4 eurodollar trades in the last two trades, all running up to TP, very nice profits – demo, of course! I am going to have to try this for longer, will report back. BTW, I have no connection with the industry whatsoever, I am just a mug punter like anyone else here. I have been ripped off more often than Imelda Marcos bought shoes. I only care about one thing: does it make money?

By: Glenn

Glenn — Fri, 18 Mar 2011 17:45:32 +0000

In reply to Matt.

Hi Matt,

I’d be interested to know which two systems you’ve found successful. If you’d rather not post them, then my email is jearyg@gmail. I’ve tested a fair few – happy to share my findings.

By: Matt

Matt — Thu, 17 Mar 2011 12:29:27 +0000

Martin I don’t sell or want to sell anything I am just a person who has tested probably about 30-40+ EA’s and am always on the search for a new profitable system. I only have a couple of EA’s that are actually reliable and I am willing to take the time test a new one. I know how much I appreciate other peoples constructive comments on other EA’s I have been researching. You say you have tested this EA and it is a scam. What tests have you done? what were your results? I would be interested in these answers as would every one who reads this forum. To have someone jump up and down yelling scam but can not say why exactly isn’t being helpful to anyone. I haven’t made my mind up with with this EA yet but I am putting it through the tests and recording my results nothing more nothing less.

By: David

David — Wed, 16 Mar 2011 19:26:10 +0000

Jury’s still out for me. There have been four trades so far – two wins, two losers – the overall loss slightly outweighing the gain. However, the trades have made some sense and, given the choppiness of the market this week, I will persevere a for a few weeks longer. On the basis of experience with other forms of automated trading, my hopes are not huge but I’ll give it a fair trial

By: Martin

Martin — Wed, 16 Mar 2011 14:59:59 +0000

guys, don’t listen to Mat guy commented below, he may be from those guys promoting these junk EAs and try to convince people to purchase it…I’m an experienced trader and have no faith for their software…it is totally scammed with no real proof….get away from it…

By: Matt

Matt — Wed, 16 Mar 2011 14:14:11 +0000

UPDATE
Not a great day for the automated systems-
Wireless: 2 trades both losers with -54 pips. Total so far is -83 pips. It was strange there was a break out to down side on eurusd with all my indicators yelling sell and it placed a buy… almost like it hit the button hmm not gud. I still have hopes for this though because it has placed a couple of intelligent trades but has been unlucky.
Deluxe: made 1 trade with a -11 pip loss. Total so far is +9 pips. I was watching this trade today it is a very interesting EA. So far it has placed a buy/sell stop but it doesn’t stop monitoring. The stop moved about 4 times as the market moved and it was adjusting to the support/resistance levels. Additionally this EA has about 40 settings to play with including MA’s, Stochastics, trade timings, break even controls, trailing stops and more that I don’t understand, a lot of the features aren’t in play on out of the box settings. I am using the std settings but when I have some time I will play:)
Executive: 3 trades +62 pips. Total +178 pips. This is the manual system and I am having a lot of fun with this. It’s signals are so far turning out to be very reliable.
Well that’s it for this week back 2 work 2morrow will continue testing next week.

By: kim

kim — Wed, 16 Mar 2011 09:40:32 +0000

Seems strange to me that out of all the comments only one is reporting winning trades (Matt)…??
Anyway I got my refund so no complaint.

By: Matt

Matt — Tue, 15 Mar 2011 16:56:10 +0000

UPDATE
lol to to comment below
Wireless (trade copier) stopped out +5 pips last trade (c last entry) entered and closed another trade 47 pips profit.
Deluxe (EA) traded for 1st time 20 pips profit
Executive (manual trades) 3 wins, 1 loss and 1 break even, +46 pips for day, +116 pips in total (2 missed winning trades not counted). note the Executive only gives entry, sl and tp is up to the trader to make his/ her 🙂 own plan.
I can sorta understand why there are 97% losers within the forex market, every thread I have found about this EA people bag it. I guess they wont c the above 180 odd pips listed above… mind it has a way to go b4 getting the green light on my account.

By: Martin

Martin — Tue, 15 Mar 2011 00:43:48 +0000

This is absolutely a Scam and real bad one too…..I purchased basic license and then executive and then wireless and lastly the deluxe swiper…..I test them all and found that it is a big time loser so I ask for refund and I got it…if you wanna waste your money and hard earned cash then go ahead and purchase it…you will me amazed how much you lose….David Henderson is a big liar and marketer…ciao baby…

By: Matt

Matt — Mon, 14 Mar 2011 18:17:14 +0000

UPDATE (cont)
Oh and I forgot the wireless trade has covered itself bringing the SL to 5 pips in profit so its a win win trade

By: Matt

Matt — Mon, 14 Mar 2011 17:56:52 +0000

UPDATE
My trade copier (wireless) is trading again and is 50 pips up. I made 4 manual trades with the Executive today (monday) 4 winners with 68 pips profit. the Deluxe hasn’t traded yet which maybe a credit to itself …time will tell. So any arguements here?
not yet 🙂