I've had forex fury running my account for over a month now.
It seems to do very well with short term trades that are less than a day.
The algorithm, however, is quite useless once a trade pair takes a dip.
GBPUSD seems to be an issue pair.
I wouldn't recommend this bot at this time.
I'll continue to run it with the money I have in my account, but right now, it's not looking good.
Response from Forex FurySep 29, 2021
Please make sure you are only using the official version of our software from our website.
If you are using short term settings, they are for short term trades.
If you need long term, use long term settings.
CG
Charles G.
May be...but definitely not regular profits
I bought this product and started using their default settings (which came with the product). I was losing than claimed so I decided to ask for further help. It turned out I needed to make some adjustments, which I did. My experience with those adjustments wasn't great. You can make some profits but one stop wipes it all. Just up-and-down with no progress. Eventually, I had a word with the team to give me the exact settings which they are using on the MyFxbook website. After back-and-forth communication, i finally got it set up with the same broker, settings etc. Unfortunately, the results was not impressive either. I had been trying the software for some months and after getting a hedging system which gives me consistent profits, I stopped "wasting" my time on it. Yes, I understand making money in forex is hard but this is just my personal experience, and to be fair may be I may have started seeing some profits as others are claiming, but I doubt if it would still qualify for any serious financial goal. If you want to be earning something consistently month-after-month, then perhaps this is not for you (And honestly, it is difficult to make that with any normal EA). You might as well buy it, put some money in and forget (Long term). Don't take it as a form of regular money/income because it is not (I wont even give it $50/month). This is evident in the fact that on their live MyFxBook account there has not been any trade since October 2020!
Response from Forex FuryJan 23, 2021
Sorry to hear that our software has not fit your needs to this point.
I recommend moving to our upgraded version 4.
We have two new live V4 accounts. Our $10,000 live account is up nearly $4000 in a month, verified.
We respond to all support emails, so feel free to email us.
C
C
Started out great with about ten wins…
Started out great with about ten wins in a row, but following that had 3 losses out of 4. For those who used this, you will know the stoploss is much higher than the gain for every trade and 3 losses easily eroded all my profits and my account is now -10%.
Comparing the fxbook account in forex fury webpage, found that my trades are not exactly the same (time period is correct) and also highly dependent on your broker's spread. As a result, two of my losses are wins on that account.
Guess will depend on some luck and broker that you use.