My experience with Forex Apocalypse Expert Advisor

By Kathy Alonso

I should have known to stay away from any product who's sales page claims 100% success. I had no Forex Trading experience Trading. There were few reviews most of which were more like advertisements but since i was unable to find any negative reviews I decided to to try forex trading with the Forex Apocalypse EA. Not having to experiment with or change the settings of the EA sounded very appealing to a Forex Novice and its track record of not having lost money in years seemed unbeatable and made it sound like a good investment. I also signed up for the recomended trading platform to use with this EA which was MetaTrader which had a length sign up process. Unfortunately this platform only runs on windows so i was unable to use my Macintosh computer and was forced to borrow a windows computer. I was able to fund my account through paypal and installed the Apocalypse Expert Advisor. Though I thought i was ready to go, I had trouble getting the EA to begin live trading. When I contacted the MetaTrader support and reinstalling their software didn't help, I was told to contact the Forex Apocalypse support.

I was unable to find any support link on their website but found the email I received when I purchased the Forex Apocalypse. I sent my question about setting up the EA through this email. They responded within 24 hours, which was very impressive but by then I had figured out what the problem was. The EA did not have permission to do live trading. I changed the settings and was ready to go.

I left it on the default settings which are the following: magic number : 20202111 eachtickmode : true Lots: .5 stop loss: 250 takeprofit: 500 trailing stop;: 65 slippage: 3

I had it working on 30 minute graphs and all major currencies. It took a few days to make the first purchase and that same day I lost over $250. I was concerned that it may not have been running 24/7 so I subscribed to ForexHoster, which allowed the EA to be running 24/7 without any disruptions or delays. This costs about $60 a month. I also read through the Forex Apocalypse manual again and found that it said that the graphs should be set at 4 hours and 1 hour for best accuracy. I made these changes and left the EA running again. I was hopeful when a few days later the EA made another purchase and it looked like this one would make a profit. Unfortunately within a few hours I ended up out another (over)$250. I wrote to the Forex Apocalypse support and told them about my concerns and asked for any suggestions. I was told to use shorter time frames and that "EUR/USD is the recommended currency pair as it produces the most stable signals". So I made these changes But I kept losing money. And three weeks from the day that I first purchased this EA, I had lost almost 900 dollars. This was a hard learned lesson and I hope this review helps others. Now I'll be attempting to get a refund for this EA. It won't make up for all the money I lost but at least I can get my initial $67 back. I'll also be unsubscribing from ForexHoster sine I won't be needing this service anymore.

I hope that you'll learn from this very expensive mistake and steer clear of foreign exchange trading. No matter what the well written and misleading sales page says, forex trading is more of a gamble than an investment. A "magical" EA does not change this.

There are some great money making programs on the internet. Many require little or no investment and can be a reliable means of income for those willing to put in a little time. I've tried many and had success with a few. Find the best ones at www.ProsperLane.com. - 23226

About the Author:

For more information on how to make money online visit ProsperLane.com and sign up for a no cost associate membership and watch live daily webcasts on all their products and services.