SCAM! Y-oww Dual Nueral Network A.I. robot review

[PipCop]

PLEASE NOTE: As of Jan 23, 2009, the Yoww website has gone offline, they have deleted their affiliate software and not paid any commissions, and are non responsive to emails. As this sudden and unannounced move is very unprofessional, I have marked them as SCAMMERS. DO NOT PURCHASE THEIR PRODUCT. If you have purchased, you may want to consider initiating a refund.

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From http://www.y-oww.com/ comes the latest Neural Network EA. From their site:

With a yearly profit percentage return of over 200% Yoww is far more profitable than the most successful Mutual Fund.

We are so confident in the power of Yoww to generate profits that we will return the entire purchase price if you do not multiply your account.

They are currently only offering a limited advertising presence, so PipCop is proud to be one of the few sites to offer live results on this EA.

This is running on the EURJPY H1 chart on a MICRO account with 100:1 leverage .

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Should I buy/use this EA on a live account? - Government Required disclaimer - Earnings disclaimer

y-oww

G3.XP9

[PipCop]

From the authors:

Very Important Caution Notes:

• The current version of the Yoww EA is only optimized for the EURJPY

• The absolute minimum balance you can start using this EA with is $3,500, however we seriously recommend starting with no less than $5,000 as this provides the perfect amount for the EA to work with inside the safety parameters we use.

• This EA can be used with 1:100 leverage at the very least, however we seriously recommend starting with 1:200 leverage as this provides the perfect leverage for this EA.

• Your brokerage must support micro lots.

Hello, Everyone, we look forward to your questions about our system. Please post and we will respond as soon as possible. Welcome to the next evolution of Metatrader!

[AZJeff]

Hello everyone,

This ea is a grid ea so watch the results for awhile before you buy it. By the way there is another grid ea that I advise people to look at it and it is absolutely free. I would like to ask Pipcop to put the other ea (Blessing EA) on a demo account as well. From the results I have seen on the authors webpage and the results of the blessing ea they both seem profitable but is the Yoww ea worth the money the creator is charging when there is a free grid ea that people can use? Only way to find out is to test them both.
Here is the link to the free blessing ea if anyone wants to look at it.
http://www.forex-tsd.com/martingale-...tml#post244005 post #210.

Regards,
Jeff

[PipCop]

Jeff, the Blessing 2 EA is now also under review on the site.

Jeff,

The Yoww EA is certainly not a grid EA and bears no resemblance to the blessing system that I can see. Also, it is my experience that grid EAs use buy/sell limits which our EA obviously does not, as they would show up in the statement. We can understand the confusion as there has been no system quite like this one and there is a tendency to compare it to something. We have fashioned our strategy around our own proprietary manual trading methods which the EA manages with it's 'brain'. Please visit our site for a more in depth explanation of the strategy we employ. Thank you for your interest.

[AZJeff]

Hello YowwRep,

No, not all grid ea's are buy/sell like you indicated in your last message. For example, the Gridweaver ea by another company is a grid ea where it does not make buy/sell orders at the same time. So that part of your statement is not accurate as the gridweaver ea is a grid ea that makes only sells or buys at one time not both at the same time. That ea is being tested by Pipcop as well. You might want to take a look at it. Anyway, time will tell which of the ea's pipcop is testing is the best.

Regards,
Jeff

[PipCop]

I think what would be most helpful would be for more information about this EA being posted here on the site. Unfortunately, I cannot copy the content from their site so they will have to provide marketing material to help more clearly delineate their product from others, as well as provide an overview the EA's strengths.

The Yoww system employs Recurrent Neural Networks (RNs). To understand RNs we must first explain feedforward Neural Networks which propagates data linearly from input to output meaning it will have a storehouse of chart patterns and price movement and have the ability to read this data and compare it to the current chart. However since we also want our EA to be intelligent it must also learn, here is where RNs come in. With the RN structure we can also add the recent incoming price movements to the previous storehouse, thus giving it the ability to learn and adjust in real-time.

However, accuracy is a major concern seeing as how there is no reset button in the markets. To achieve more accuracy we have also employed a Modular Neural Network structure. A modular neural network is a neural network characterized by a series of independent neural networks moderated by some intermediary. Each independent neural network serves as a module and operates on separate inputs to accomplish some subtask, in this case the subtask is calculating the probability of success of implementing any of our manually proven trading strategies.

The intermediary takes the outputs of each module and processes them to produce the output of the network as a whole. The intermediary only accepts the modules’ outputs—it does not respond to, nor otherwise signal, the modules. As well, the modules do not interact with each other.

In this way you have multiple artificial intelligence engines 'thinking' which strategy would best suite the current price movement or market climate. And able to due so in real-time as the market's direction changes.

Why Only the EURJPY?

At this time the Yoww EA is optimized only for the EURJPY - it takes an extraordinary amount of computing power and processing to have our neural networks learn the patterns of a pair going back decades and the EURJPY is the only one that we have strenuously tested to our satisfaction and the safety of our customers. However, we are always in the process of analyzing, testing, and mapping other pairs for future updates of this EA which is delivered free of charge to our customers.