Forex System Report

Forex Magic Machine is an expert advisor costing $197 and which trades on EURUSD and EURGBP. Three trading modes are provided for hourly charts (conservative, moderate and aggressive) and one mode for daily charts.

The Platinum version (which is offered as an upgrade for a further $197 after purchasing the standard version) additionally trades on GBPUSD and EURJPY and also offers a fifth trading mode for half hourly charts.

A further upgrade of 3 bonuses is also offered at $97: this consists of a document providing a good introduction to Forex trading and descriptions of several manual systems, an indicator which tells you when to place manual trades and another document with another good introduction to Forex trading and describing a further manual trading system.

Backtesting is exceptional on the standard version using conservative trading mode (only trading once every few weeks on average, but no losses over a 3 years period). Backtesting on other modes was mixed, but suggested that there was scope for making money.

I don't like one time offers that appear just after you have made your initial purchase.

The platinum version failed to install for me and as it has to be installed using their supplied installer rather than the usual procedure of copying the EA into the correct location, I have no way to work out what has gone wrong. I requested assistance from Forex Magic Machine support, but a weeklater, I had heard nothing back from them.

Forex Peace Army have concluded that this expert advisor is a rip off of another one. It seems that the version I received is different from the one that they drew their conclusions on, but it seems likely that this is a rip off too.

The bonus documents seem to consist mainly of a copy and paste of information that is freely available on the web. There is no acknowldegement of the original authors nor any indication of permission to re-publish.

The publishers claim to have developed R.I.P.P.E.R. technology, but this is more like R.I.P.O.F.F. - they have taken other people's work and are selling it as their own. There may be some original work in here, but it's not worth the time and effort to try and dig it out.

Do not support people like this with your money.

You can get most of this (maybe all of this) free on the web anyway.

   Exceptionally strong avoid