Update(Jan, 23, 2011)- Their sales page has now been updated and to great dissappointment it’s yet another video sales page thats looks all too familiar. Their headline claims you will earn an average of $16,800 a month, what they didnt specify was what kind of account size required for that. They should have the monthly gain in percentage, but then again this is marketing. Oh and of course there are a couple upsells involved with this. Caution is advised with this product, you’ve been warned.
Safe Trade Pro is a new forex robot coming soon that is most likely going to be promoted by your usual marketers. Exact details or results on it are still to be determined/found so stay tuned.
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An update: I continued to run this on a demo. It was excellent when the EURUSD trend was up, but when things got choppy it started to make some losses. It was still well in profit when I turned it off (it still had more than double the initial account – and that in just a 3 month period), but the kind of risk-reward ratio and the uncertainty of the EUR makes it too risky for me. Further controls to keep it out of choppy markets could make this a good robot.
I found the upsells annoying and I’m slightly confused by the manual trading systems which I bought. However, I’ve been using the robot version on a demo (FXDD) for a couple of weeks. Positives: It has only traded buys on the EurUsd but all the trades have been successful – $175 profit so far on a $1000 account. And this during a period when all my other automatic trading systems made losses. (Potential) negatives: The drawdowns have been up to around $130 on occasion, whereas each profit is only $25 – the ratio doesn’t look great but I guess it depends on how frequent the losses might be in the wrong market conditions, or with a broker that doesn’t reliably close positions (I have been burned by Iamfx in this regard). I will update when I have traded a bit more.
SafeTradePro is another waste of time and money. I got Clickbank to refund my money. When you ask for a refund that’s when they will try to keep your business. No way, I just want my money with these sort of vendors.
I fell for the honesty speil after being burned by a couple other products a few weeks earlier. When I saw the up sales that followed I know I was sunk. I passed on the addons and tested the ea on my demo account and tried to test it on the MT4 tester. Nothing on either one. I requested a refund and they replied back that it works for everyone else so I must be doing something wrong and closed my Clickbank ticket. I tried sending an email to support but it was returned as not deliverable. They didn’t even give an email or support site in the Clickbank invoice. I think I will also avoid buy anything sold thru Clickbank.
I give this a minus 5 stars.
i suggest you cntact clickbank directly for your refund using the following email address :- firstname.lastname@example.org. just quote your clickbank receipt # in the subject area and request a refund. good luck.
Re: No Trades – Update from seller for anyone wishing to recheck their install. I have re-installed and will test again:
1. Please make sure Safe Trade Pro files have been installed correctly: The indicator file, .ex4, should be in this path:My Computer\program files\Metatrader4\experts\indicators
2. Please note that your chart may not look exactly as on the user guide sinceit is different for every template you attach the indicator to.
3. Go to Tools, click Options and Expert Advisors tab. Then tick the 4 mainboxes and uncheck secondary boxes. 4. Click on the Custom Indicators folder under the navigator window then doubleclick on Safe Trade Pro. A window will appear, you should click on OK. If youdidn’t click on OK when the pop up window appeared after you clicked on customindicators, please click on the custom indicators folder (under the navigatorwindow) and then click ok. If you can see the information on area 1 it means Safe Trade Pro is installedcorrectly. It might take a few hours or a couple of days if market is notvolatile enough till you see the buy and sell arrows.
i’ve had mine running for a couple of weeks and nothing – this ea is so safe it doesnt take out any trades at all – neither makes me money nor looses it I’;ll give it another week then its refund time. shame — i had high hopes for this one
Thanks for the information. When you look at their samples, all the trades highlighted in green on their pitch page are highlighted in a special format …like a jpg paste and all the wins are even thousands. Who gets even thousands – like an exact 10,000 or 1,000 pips in a forex trade!
Backtest of the ea does not even get close to the shown results. So an other not useable ea.
If you’re thinking of buying this then don’t, I am about to ask for a refund. On his salespage he shows data from dec ndd 2010 (actual screenshot which says 1819 pips made) back tracking to this you cannot see the signal arrows they only show from 3rd Jan, however you can easily find the trade that they are claiming made those amount of pips – the max it made was 385 pips before nose diving on Dec 14th 553pips. Again probably another actor used for the video.
Another thing is the trend / wave alert states the opposite as to what it is. GBPUSD is clearly in an upward trend now and it states it is in a down trend so no trade on.
I would say this is another scam.
I was informed of this new forex system via email yesterday
I’m looking forward to trying out the new forex system and hoping to write reviews of my experience with this new forex system
So far after watching the video presentation on the site, the new system looks very promising
Don’t really know how this forex will perform unless you put it to the test
Never will I buy anything that has upsells. The base product should stand on its own merit.
This looks familiar…