Forex Auto Millions Robot Is A Not A Scalping Robot!

This Forex Auto Millions Robot according to the developers is not a scalping robot. It only trades when the trend on all the timeframes is in agreement. This robot is not effected by slippage/spreads and is a non martingale robot meaning it uses a stop loss. So this robot only trades when both the long term and the short term trends are in the same direction.

Forex Auto Millions EA turned a deposit of $10,000 into $3,173,325.61 in around 5 years. The daily gain was 15.97% while the monthly gain was 478.95%. The drawdown was 36.57%. The developers have posted the MyFXBook stats on a screenshot that you can view below. If you take a deep look at the screenshot, there is something that you need to notice. OK, first take a deep look at the following screenshot and then continue reading below what you might have not noticed needs to be noticed by you.

Forex Auto Millions Robot

This is a screenshot of a backtest. Backtesting was done with the tick data starting from Jan 06,2006 to Jun 06, 2011 over a period of 5 years. The timeframe was 5 minutes. Now a backtest is just a starting point. A good backtest does not mean that the robot is going to perform well on a live account. The second stage in the development of a robot is to test it on a demo account. This is known as forward testing. However, a good backtest and a good forward test does not mean a good performance on a live account. There are many things that are not catered during a backtest and a forward test. Only way to know whether the robot is going to perform on a live account is to test it on a live account with a small deposit. Below is another screenshot of this robot. Once again this is the screenshot of a backtest.

Forex Auto Millions EA

The developers of this Forex Auto Millions EA should have posted a live trading result. So if you are really interested, you can download this robot and first test it on the demo account for a period of one month. The developers are giving 60 days of no questions asked money back guarantee. So if you don’t get a good performance on the demo account in one month, you can always get a refund.

However if the performance is good, you should open a live account with a small deposit of $250. If the robot really does make something like 50-100% return per month on a live account, you can quickly multiply this amount into a large sum.

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