Forex Magic Machine

[Ken Long]

New robot. Just came on the market this week. Looks very interesting. Not much hard evidence yet, other than their own posted results, which are supposedly real money accounts. I'm seriously considering buying this and wondering if anyone here knows anything I dont.

Also wondering if PipCop can get a banner so I can buy it throught this site. Its not a ClickBank product so this may be more difficult, but it is a 197$ robot and I would much prefer to give my affiliate dollars here.

[reinerh]

Originally Posted by Ken Long

New robot. Just came on the market this week. Looks very interesting. Not much hard evidence yet, other than their own posted results, which are supposedly real money accounts. I'm seriously considering buying this and wondering if anyone here knows anything I dont.

Also wondering if PipCop can get a banner so I can buy it throught this site. Its not a ClickBank product so this may be more difficult, but it is a 197$ robot and I would much prefer to give my affiliate dollars here.

you can get it for free,

its a rip of from this guy,

http://www.tradingsystemforex.com/ex...e-like-ea.html

either v1 or v 2 are very decent running bots.

give it a try, i will run it myself next week

greets

reiner

[PipCop]

Ha! Well, I'll look into it, but it seems like your money is better spent elsewhere!

[Ken Long]

Originally Posted by reinerh

you can get it for free,

its a rip of from this guy,

http://www.tradingsystemforex.com/ex...e-like-ea.html

either v1 or v 2 are very decent running bots.

give it a try, i will run it myself next week

greets

reiner

If you read the comments in the Magic Machine thread, where he claims its a scam and a rip off. The only person commenting there who actualy bought Magic Machine and ran backtests on both said that they were obviously the same, but the v2 blew the account and Magic Machine never had a loss. From what I can determine the v2 is a Martingale style EA, and Magic Machine is not. And if their posted results have any credibility, the robot looks to be very accurate, and capable of catching larger profit trades with a trailing stop, as well as smaller targeted trades.

Most of the on-line reviews, at least the ones that seem to have some substance, and an independant opinion, all admit its too early to tell anything definate, but that the posted results look very promising. My bigest consern at this point , is that it isnt a ClickBank product and I have to trust the delelopers for their guarantee. Otherwise, if it can produce the accuracy and the trade sizes I see posted, it is definately worth looking at.

However, I'm still looking for more confirmation . I do have my doubts, but by what I can see, it looks good so far.

[Ken Long]

If you recall when MegaDroid came out it was obviouly a canibalization of several different robots, but the end result was much better. It may be the same here, Funyoo's EA is called a vForce like EA, and he even states he was trying make an EA based directly on vForce. Maybe this developer did the same thing and took some features from Funyoo's EA and combined them with features from other EA's. If the end result is a better product, as it seems, thats the goal. The question is whether it is real or not...? And how much, or how little to believe?

[Ken Long]

The source code for the original vForce EA is now posted on ForexFactory,
http://www.forexfactory.com/showthread.php?t=156609
As well they have a number of different threads on the vForce indicator and trading systems

I'm still interested, but will have to wait for some actual results and reviews

[reinerh]

Originally Posted by Ken Long

The source code for the original vForce EA is now posted on ForexFactory,
http://www.forexfactory.com/showthread.php?t=156609
As well they have a number of different threads on the vForce indicator and trading systems

I'm still interested, but will have to wait for some actual results and reviews

ken,

i think funyoos ea is something else, its trades on the 1 hour chart vs this one on the 15 min.

last night i ran the indikator on eu jpy 15 min chart and its like dead on, not as good on eu usd so it seems.
none or less that indikator is quite something.
try that one as well.

greets

reiner

[Ken Long]

Originally Posted by reinerh

ken,

i think funyoos ea is something else, its trades on the 1 hour chart vs this one on the 15 min.

last night i ran the indikator on eu jpy 15 min chart and its like dead on, not as good on eu usd so it seems.
none or less that indikator is quite something.
try that one as well.

greets

reiner

Thanks, I downloaded them last night and it got too late to check them out.

From what you say and what I've read it seems the Magic Machine EA is based on Funyoo's EA, but with some improvements. And it is a ClickBank product, I was wrong.

I'm thinking I will buy this this weekend and test it for a few weeks on demo. If it doesnt perform as stated, its easy to get a refund. If it does perform it should be capable of paying for itself rather quickly. Thats my main criteria for buying robots, I want to get my initial capital back, one way or anouther.

I am concerned however that this is a free EA that someone picked up from Funyoo's site and fixed up to sell to suckers like me. Regardless the posted results are better than Funyoo's, so maybe he did a little more than just gloss it up. Once I get it I can do my own tests. Hopefuly, I'll have something more next week, one way or the other.

Ken

[626MX]

Ken you really seem to do your homework so I'm surprised the marketing for this hooked you. Do yourself a favor and join FXAW if there is room and quit pursuing most of this garbage.

[bobchang]

Forex Peace Army is running a performance test on this EA. It has done very well so far...