A Real Forex Apocalypse Review

November 24th, 2009 by Kathy Alonso | Filed under Forex.

The sales page was simply too good to pass up. Having little knowledge about Forex Trading it piqued my interest and after finding no negative reviews anywhere I decided to try it. The idea that it was a plug and play EA which could be set up and left to do what it does without being tweaked was very appealing to me. Reviews stated that it made few transactions but was very reliable. It was said to avoid risky short term moves and go for more long term earnings. After I purchased the software I was taken to metatrader.com which as stated on the page was recommended for use with this EA. The sign up process was lengthy and included giving my bank information. The software was only available for windows and so I had to install it on a friend’s computer. I funded my account through Paypal and installed the Apocalypse EA. I had trouble getting the EA to start working and contacted MetaTrader support about the issue. Affter telling me to reinstall their software which didn’t help they said that they could not help me because they do not provide technical support for EA’s. They suggested I contact the Forex Apocalypse EA support.

I looked through the forex apocalypse website where i had purchased this EA and was unable to find any contact or support information. Luckily I was able to find the email which i was sent when I had first bought it and sent my support questions to this email. Their response came sooner than expected and i heard back from them within 24 hours although by this time i had already figured out what the problem was. The MetaTrader program settings were not set to give the EA permission to do live trading. I just changed the permissions and was on my way.

It was left it on the default settings which are the following: magic number : 20202111 eachtickmode : true Lots: .5 stop loss: 250 takeprofit: 500 trailing stop;: 65 slippage: 3

The EA was working on 30 minute graphs and all major currencies. As expected, it took a few days to make the first purchase. Unexpectedly, that same day I lost over $250. I had read that for best results the EA had to run 24 hours a day and because i didn’t have much confidence in that borrowed windows computer I decided to invest in ForexHoster. I set up Forex Apocalypse to run on their remote server, a service which costs over $60 a month. I also read through the Forex Apocalypse manual again which stated that the graphs should be set at 4 hours and 1 hour for best results/accuracy. The changes were made and the EA was left running again, this time 24/7 on my new ForexHoster account on 1 hour and 4 hour graphs. I was hopeful when this EA made another purchase a few days later but again sever hours, i had once again lost almost $300. Very much dismayed, I wrote to the Forex Apocalypse support, telling them of my problems and asking for any help or suggestions. Once again I received a timely response. They suggested that I use shorter time frames and that “EUR/USD is the recommended currency pair as it produces the most stable signals”. Once again the changes were made according to the recommendations given. Unfortunately the continuous losses continued and three weeks from when i first purchased Forex Apocalypse, I had lost over 800 dollars. Needless to say this was a hard learned lesson. I will be attempting to get a refund and I’ll also be canceling my ForexHoster account.

And doubtless I will not be dabbling in Forex Trading again or falling for sales pages that seem too good to be true.

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