Forex FuryReviews of forexfury.com

This EA has a very large winning rate (>95%) after two years of use on real account, but the reality is that my account is almost blown out because when trades are closed at a large loss this vaporizes all past gains and much more. In some occasions for istance the EA opens a Buy position after the pairs breaks a support which doesn't make any sense. This produces large losses even when you use large SLs. If instead you use small SLs (as in their low/medium risk setups), the winning rate drops drastically. At the end the EAG = WR * TP - (1-WR) * SL is always negative either ways. I don't think there is anything malicious or fraudolent, the EA is simply not capable to generate profits because it can't close early enough those 5% of bad trades it generates occasionally. Support from their customer service is indeed quick as they claim, but unfortunately never effective to help in reality or to explain your problem. It's like people answering you have no idea of what they say or answering something different than what you asked, so that I stopped asking in the first place. Their explanation of setting standard operating times is very confusing because it does not specifies if it refers to daylight saving time or not. They should simply say that the standard trading window is 16-17 EST or 9-10 CET, no matter what. It's also quite disturbing that the person writing on ForexNation blog is the owner of the Company behind this EA, and makes advertisements to this EA being the best on market. He should at least put a clear disclaimer about his position on both endeavours. For me there are more profitable investments out there. Kind regards, Paolo Ruffino (a very unsatisfied customer with 2 years use of this EA)

I bought the software and due to unforeseeable circumstances I no longer have the required time to implement this software. I hoped the customer service would be understanding and issue a refund to me ( I never downloaded and it was only a couple days after purchase). The response from customer service was not helpful or understanding. I would avoid this software!!

Don't be fooled by their demo accounts on myfxbook. They strictly monitor and manipulate their demo accounts in this way. 1. No real USD account 2. No leverage is being used so no risk of margin call 3. No stoploss is put in place. They let trades run until it's profitable. 4. They hide #3 by making open trades private. 5. They stop fury when major news events occur. This way you see this beautiful graph with 100% win ratio. I've seen them run trades as long as 2 months while equity draw down went to more than 50%. If your account utilizes any sort of leverage your account would be margin called with 50% of draw down. So you have to put stoploss in place to prevent margin call, then one loss wipes out 1-2 weeks of wins because of their default 5 take profit / 29 stop loss ( + tx fees + overnight RO fees) If you are lucky enough to pick good pairs and let it run for a year it could profit. Unfortunately though, in 2018 lots of currency pairs were pretty bad with fury so it tells me the fact that fury can only work against a handful of pairs (They don't tell you what that is and their demos are seriously manipulated. Useless. ) for a short period of time. Moreover they don't tell people effective way of utilizing it. They just keep saying "Test it to your favor" WTH? What's the point of customer support? They help you set up the SW, but pretty helpless when it comes to helping customer success with their SW. Stay away from this sophisticated scam. Do your own homework. UPDATE: 11/15/2019 Right after I posted this review the vendor reported it as a report from competitor. And they contacted me personally, offered refund and asked to remove this review quoting "We have hundreds of successful multi license clients, and your review after a few weeks of use is quite damaging to our reputation". In that email they neither admitted nor denied my contention. I replied them back demanding withdrawal of the report because my job doesn't compete with what they do. I'm a complete newbie to Forex. The first ever Forex account I created was just 2 months ago, September 2019. UPDATE: 11/16/2019 Their 15 year back testing result shows ridiculously high profit. However as Forex Fury being scalper, 100% modeling quality of real tick data from MT5 doesn't even reproduce the result. When I emailed them how they went about the 15 year test, they kept saying back testing isn't worth the effort for the same reason I described above. The modeling quality of their 15 year test seems to be about 85-90%. Just a joke. Up until today they still have the result on the website. I have an email conversation with them about this matter. They used to feature two real customer accounts on their website. They disappeared from their website when those accounts were hard-hit by market turmoils in Oct. 2019. I personally messaged the two to ask if fury contacted them before featuring or removing their accounts, their responses were they did not. To see the reality, search "forex fury" on myfxbook.com and look for real USD accounts. You would notice a few real USD accounts from real customers like me that actually loss-cut at 29-30pip, ended up getting blown their accounts. Their default risk-reward being 29/5, you have to maintain over 90% of win ratio throughout the year to be profitable, which is very hard to achieve. If you run 20-30 demo accounts per their guide, you will find a very few pairs that actually does that. If you're not lucky, you would face the same result as customers above link. Their advertised 93% win ratio is a total crap. Their SW may or may not work for you. But judging from my interactions with them, this company has a serious integrity issue. UPDATE:12/6/2019 After my reivew was reported by the company, they urged other clients to leave positive reviews on Trustpilot. That's their tactic to keep their reputation. However Trustpilot reinstated this review so I'm adding more stuff I found out recently. One of their deleted accounts, EURUSD got liquidated on 4/30/2018 with a loss of -733pips. Their default SL is usually 29-35 depending on currency pairs. It would've loss-cut at 29-35 but it didn't b/c they don't use SL on those demo accounts. A previous Forex Fury user captured the screenshot of it and left a comment in myfxbook user forum about that but they just minced words. That's the clear evidence of them manipulating their demo accounts. Again, this company is not to be trusted. UPDATE:12/10/2019 Search "forex fury" on myfxbook.com, click on "Community" tab and read through comments there. You'll see that they've been deceiving people from 2015 with the same tactic I mentioned above -- no SL, no real account, deleting negative or challenging comments of Forex Fury review on forexrobotnation.com, making excuse of server failure on their brown up demo accounts. Words just escape me that they've been so diligent deceiving people like this. UPDATE:12/12/2019 Look for user "megaplan" on myfxbook.com and compare his GBPUSD demo and Forex Fury's. megaplan's sell order hit a loss on 12/4 but Forex Fury's GBPUSD is still running the trade up until today. Their last trade was 11/27/2019. Since there was a UK election on 12/12/2019 and GBP shot through the roof, their demo trade would be suffering severe loss right now, which is hidden. If GBPUSD price comes back to 1.31-ish level, the trade will conclude in profit. We'll see how it goes.

This is perhaps one of the worst robots I've used. The results on myfxbook are extremely questionable. How can you trust results on a demo account. Plus, whoever heard $4.65 profit on a 1.0 lot position on the AUDUSD? Plus, why can it only trade through the asian session, which is the slowest session volume wise, plus the spreads increase on every forex pair. Don't waste your money on this pile of excrement. There are much better Robots on the market Mr McPhee Can you please supply your Myfxbook username, so I can check your claims on how fantastic this Robot is?

This EA and the whole network around it is super misleading. From what I can see, FRN (forexrobotnation) markets their OWN ea's, 2 of which I unfortunately purchased (Forex Fury & Forex Steam). They claim that these's EA's are superior and all other EA's are rubbish. They also clearly post false positive reviews on review websites. I backtested both these EA's after purchasing and the results are pathetic. The so-called results they post are clearly manipulated which I have proof of as well. Unless this company provides me with a refund, I will be posting ALL my findings online. AVOID!!