In the world of forex trading robots, Forex Hitter is advertising itself along the same lines as majority of the forex software, not setting itself apart by any means. It follows established routine of promising wealth and freedom backed by recommendations from few clients selected by the company itself. Results provided seem fantastic, just like those ones on countless other sites. It seems everything was done to sell the product, yet forex robots are much more than infomercial selling material.
That’s why we have to look under the hood and dig deeper to see if the software has any value to its users or not. Right away number of red flags stand up.
Originally it was marketed under the name of Forex Beater but after number of negative reviews, it got “upgraded” to a new, present name.
Once the software is installed on MT 4 platform, it can easily be back tested to see how it behaves. And this is where majority of the issues come from. First of all, it seems that the results during the last two years are very much different than results generated from previous periods during which it suffered negative results. That can only mean that the system was over optimized to show short term profitability, and not really engineered to withstand tests of time. (Sincerely, truly functional and robust system that is oriented toward short term trades will have similar results during each twelve to eighteen month time periods).
Secondly, if you decide to change some of the software settings, for example profit target or stop loss taking, your total generated result does not change. That means the software is using only coded exits and is not well adjustable to the needs of its users.
Even if this was the only forex trading robot, the clients should not waste too much of their times with this system and defiantly should not get their hopes up.
No comments:
Post a Comment