Smart Forex Mama is a forex robot being sold by an unknown developer for $249 on the Clicksell payment processor. They offer a 30 day money back guarantee, but only if you have a negative result with their product. I don’t have much experience with this developer or the payment processor (Clicksell) so how hard it will be to get the refund if needed is unknown.
Strategy
The trades range from a TP of 3 pips up to 60+ pips with losses ranging from 10 – 50 pips. They seem to only be trading EURUSD and USDJPY. They show 2 good looking backtests with low draw downs but in their parameters they show now TP or SL settings, meaning you can only control the following settings:
- AutoMargin=true;
- baseLots=0.1;
- Risk=0.5;
- Maxspread=3;
- Magic=506789;
- OrderCmt=””;
Results
They show what they claim to be a real money account with a starting balance of $1000 that has a net profit of just over $2,800 from May 2012 to now.
Not too sure about this one… Website looks like crap, results are fairly short term and not verified by any credible source, the price is a little high and the payment processor is some what unknown. A lot of question marks here so if you do plan on trying this one out to do so with extreme caution.
Remember if you are going to try Smart Forex Mama 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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