Date: 04 / Sep / 2010 |
Forex Espionage |
" Forex Robot that can achieve 15 consecutive wins " |
1. Introduction
When I received this robot, Forex Espionage from my forex review network, I was thinking NOT another forex robot again ? Seriously, 10 robots that reached my hand, only 2-3 get posted here.
Most don't work and I don't want to waste yours and my time looking at some robots that simply don't match our expectation.
Then I realized that it was Steven Lee Jones who created it and that the robot was using a swing trading strategy and works best on 30min and 4hour timeframe.
I got interested to test this robot as this 2 parameters work well for me. I didn't even ask for the results because the vendor can claim anything they want :)
Being a full time trader, I know the way to profit long term is using a swing trading strategy and a appropriate timeframe. This robot fits both.
Ok, you can scroll down for more information on Forex Espionage.
2. Forex Espionage ReviewOur Rating : 7.5 / 10 Rating Breakdown
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3. Who Is Steven Lee Jones
I do not know Steven Lee Jones personally. All I know is his customers love him !
(There is a group of customers faithfully grabbing up his latest forex product 1 by 1).
He has released a series of forex products and I have compiled them at Steven Jones Forex Products .
Did a quick review on some of his products. Some work very well, some are average, some simply suck.
I did notice that his products seem to be improving based on the customers' reviews . Guess the experiences help.
Some of his customers on the forum claim that he has made a lot of money through trading with his robots.
4. The Strengths of This Forex Robot
1.High Winning Accuracy. Forex Espionage is good at striking consecutive wins and poor at consecutive losses. Well, this is what we want isn't it.
The high winning accuracy is actually neccessary as the risk/reward ratio of the strategy is not very good.
One of my backtest on EURUSD alone achieve 15 consecutive wins. Not bad really.
To benefit from high winning accuracy robot, you must let it compound. Imagine how much money you could make if your robot compounds 15 times successfully.
Of course, you need to know your settings average consecutive wins then you can withdraw your money and start over again.
2. High Trading Frequency. This is something unique. Normally swing trading robots do not have many trades. They made up by scooping up more pips. Ask Forex Megadroid !
Forex Espionage is different in this case because it can trade ALL currencies.
What I heard was this robot takes advantage of the mini-swings within a big swing. So it is actually a mini-swing trading robot..not a true swing trading robot :)
On average based on 1 week of trading activity, you get 1 or more trades per day but only if you trade multiple currencies at a time.
On a good trending period, you could also rack up 4-figure percentage growth as the backtest suggest.
A tremendous reward ratio over 100% maximum losses. This is the benefit of using a robot that combines high winning and trading frequency.
I would advise you to withdraw half of the profits when you rack up 500% gain and start with a lower base deposit because it cannot win forever.
5. What Is Included and The Robot Parameters
1. You get a proprietary MT4 expert advisor created by Steven Lee Jones - Creators of several forex products)
Backtest Results (Verified by us ) - Default Settings
To be frank, I didn't get the results as claimed on the salespage. It was near but not really near. Few hundred pips off for 1 month backtest. Every pip count !
I find the robot to perform better when using EURUSD and GBPUSD exclusively. So you can verify that yourself with the backtest.
Anyway I am putting down the average results between mine and the creator' claims.
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Able to generate as much as 2000%++ profit within 1 month ($10,000 to $200,150) - Using aggressive mode and min 10% lot risk. |
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Achieve 80% winning rate |
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Extract as much as 1450 pips in 3 days from multiple currencies |
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Achieve an average growth of 450% over 3 months (include volatile and trending periods) |
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Avoid less than 10 lost trades over 1 year using conservative settings |
Characteristic
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Trades automatically (open + close) 24 hours a day as long PC is on. (You may use VPS if you need to close your PC) |
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Works on all major currencies. (EUR/USD performs the best) |
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Works best on 30Min and 4Hour timeframe |
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Uses swing trading strategy, not scalping. |
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Execute 1 trade on average per day throughout 1 week |
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Two type of trading modes - Aggressive Trading or Conservative Trading |
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Less than 10 minutes installation |
2. Forex Espionage instruction manual. Teaches you how to setup your forex robot to work optimally.
3. A forex trading manual written by Steven himself. Contains his forex trading concepts and strategies
4. You get lifetime updates for free
5. Lifetime Forex Espionage support by email 24x7
6. 60 Days Money Guaranteed Back
6. FAQ Session By The Readers
Hundreds of questions were thrown at Steven Lee Jones regarding his latest forex robot. I have listed some of the "You Should Know" questions. I have copied them exactly and have not altered them at all.
Q: Which pairs does this EA trade please and on which timeframes? |
| Is $97 all I have to pay? Is there any upsell? Am I protected by Clickbank? Steven: No Misleading - last moment - tricks. $97 and that’s all. yes we are using clickbank. |
Do I have to leave my computer ON!All DAY! To have the Forex Espionage program to work! |
This looks like a great program. The only question I would have is how does it react to changing market conditions and trends? |
All of the EA’s I’ve purchased this year seemed good when I read through the website, but then after I bought them, I find out they were a rehash of some previous robot or a piece of junk some programmer put together. Is your EA based upon a tried and proven manual trading system/method with which you have personally had success? |
You’ve made so many different EA versions in the past with similar claims. So my question is what makes this latest creation, Espionage, different from your others? Steven: Hi Peter, the more you create, the more experience you get. and as you know .. creating a profitable EA is not an easy job at all. the Espionage is not only the best EA we created so far. I personally guarantee that it’s the best EA you ever used. many EAs would make profits, but most of them wouldn’t keep them. All EAs are auto-traders, but most of them would need an experienced trader to change their settings from time to time according to market movement. All EAs could be used on demo .. but only few of them you can really trsut to trade live. the Espionage EA is a trading robot that was designed to win and be trusted .. and could be used by everyone and anyone with the same positive results. you don’t a ‘’stealth” mood to fool the broker .. you don’t have to look for a new broker every month .. brokers respect this EA because it simply respects them. and most of all, it respects you. it’s totally safe, highly profitable and very easy to use. it’s not the holy grail, but close .. very close! |
I am interested to know which kind of support you offer in case of any problem or question aboutsettings. I ask this because with another 3 forex robots I made the experience that they never answered my E-mails, so I had to ask for the return of my money. |
1) Is it possible to use FX espionage together with another EA with the same broker? |
By the way, would it work on a USD200 account, micro ? Or will the drawdown ‘kill’ the account ?
Did you said its a swing strategy ? Or Intraday ? Scalping ? |
Hmmm. I tried Fapturbo (then broker widened spread) then MegaDroid (which Never trades !). Will your EA make trades on a regular basis and be broker friendly/proof ? Thanks. (looking forward to seeing your live results) |
I own 3 EA’s right now, and have had mixed results. 1 made me a $1700 profit in 4 days, then lost it all plus my initial $1300 deposit in less than 8 hrs. 1 rarely makes trades at all so it is frustrating too. The third I bought seems to be working well so far but it’s all manual so I’m still looking for the right one that I can “Set and Forget” as I work about 90 plus hrs a week. Hope Forex Espionage is the “real deal”. You seem to be a sincere person so I’m pretty excited.Steven: Hi Dale, thank you very much. the Espionage EA is very safe to use. here is my personal promise : it’s nothing like anything you used before. it’s a fact that the more you trade, the more risk you take. so using short term scalpers may give positve results for a while. but at the end, … it loses all gains and some - if not all - your trading capital. because they were mainly designed for marketing, not real trading. almost every couple of weeks you would need to ”tweak” their settings manually or ask their creators about ”how to make it work as adverstised !” .. this is not the case. the Espionage works on defult settings and gives the same results no matter who is using it. it’s really as easy as copy/paste/run. the only thing you should do manually is to take a look at your account balance every week end ! |
Your video is encouraging….How does your robot perform with a large account…more than 100k….I find most robots can’t seem to do well with large accounts due to liquidity issues. Could espionage get the same results with 100k and turn it into 500k within a year? Have you seen success with a much larger account? Thanks |
Does it use stop loses.
Will it work on a Micro account.
Does it hedge trades as you konw USA Brokers do not allow hedging any more. |
Q: will you share the exact settings you have used to turn $10,000 into $300,000 in 3 months as per your promotioal material and help to try to acheive that goal ?? |
Above you say “the results shown on the website are made with high risk settings, you are free to use them if you are an experienced trader.” (May 27, 2009 at 1:24 pm). Will you teach me Steven : what those high risk settings are? I’d like to try them |
My broker is not set up to use the mt4 platform. Will I have use a different broker, or is it possible to use this robot as signal for manual trades? |
Will espionage have a “stealth mode” {like fap turbo} so brokers cannot know a robot is making the trades? Also which broker will you recommend |
I have seen other EAs with 95% success rate but the problem is that their stop losses are 10 times bigger then the take profit so a few stop losses wipe out all the gains and more. It looks great in backtest but never works well with live trading. |
if i use your forex espionage.
will brokers close my account.
when i start making with your |
Although interested…do you have a manual operating mode which is more successful..e.g.if you can trade an hour or two some evenings,can you use this system to maximise system or is it purely a load and leave well alone system.What are results for other currency pairs.Do you list these results.Are there others which it is good for if not as good for? |
Will there be free upgrades or is there a time date time limit, will this EA expire after a certain time
and or date will we have to get key code for live or demo account. |
You say that the results on the website are based on the robot being set for ‘agressive’ trading. What returns can be expected with conservative parameters? |
this is not my first forex product. so it’s not a hit and run sale. the Espionage is based on a long tested system. it was not designed for manual trading though.
.. thank you.
7. Pre-launch Video
Nothing much about this video. Just for your entertainment.
2. Forex Espionage ReviewOur Rating : 7.5 / 10 Rating Breakdown
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