I’ve ordered my copy of Matthew Burton’s Auto FX Millionaire, and put it straight in the lab.
It’s a trade copying EA that receives signals directly from Matthew’s account. Early reviews have been positive. Let’s see how it goes.
A few facts:
- 85% accurate
- low draw down
- trades a number of currencies
You can find out more about Auto FX Millionaire, the Forex Signal Service come EA on www.autofxmillionaire.com or by clicking the Visit Site link below…
Test 1: Vendor Live Test
Dec 2010 – July 2011 Live Test results starting with 0.08 Lots.
Currently running Auto FX Millionaire on Alpari UK, testing started on 29th August 2010. Current results are as follows:
View our Auto FX Millionaire Live Test Statement
Lab Result:
Hi Cam,
Main Product Auto FX Millionaire : $37.00 p/mo
Upsell 1 Auto FX Millionaire Platinum Advanced Software : $97.00 per month
Can i know what is the Platinum package for?
Hi Michael, The platinum is an advanced software… But I’m not sure of the details.
Hi Cam/Michael,
Got this going on live account late monday (standard version on gomarkets) and since then it has done 20 trades with only 3 losers. Total winning pips 252, losers 45 for a profit of 207 pips. So far i’m impressed and if I have another good week next week I’ll upgrade to platinum. From what I see the standard version only trades 2 pairs, looks like the platinum version trades 6-8. Support also get the thumbs up as Ive contacted them twice and on both occaisions they got back to me within 24 hrs. Just beware when setting up the EA that you attach it to ONE chart only. I attached to each of the pairs that I thought it was going to trade and to my horror it opened up 12 trades all at the same time and on the same pair. It looks like it gets signals from an outside source and executes the trades no matter if you dont have that particular chart open. Hope this helps
Hello: Just want to let you know have been trading on finfx demo a week 22 aug to 26 Aug, started 3600 up to 5800 5 days Fin fx demo. 3600=.36 lot 5800=.58lot seems to be working pretty good 45 trades total last week 43 wins 2 small losss = 39.00 this is working. wish i had a phone contact to call if i had and emergecy problam if anyone gets a phone conatact could you paost it plesae thanks Robert Horner just trading 4 pairs so far eurusd,gbpusd,gbpjpy,usdcad signe up forplatnum but not getting extra plantu trades yet. looking for phone contact if anyone has a good phone number for ther support would like that for emergeny service if neede. Thanks Robert Horner This thing works!!!up 59% 1 week. worth a look!! one more week will go live.
Sorry spoke to early, a couple of hours after I posted it started trading 2 other pairs, all for a profit I might add.
The statement are fake. why he is not show myfxbook statement to the public?.. the statement of mark ingram shows largest loss trade -639.55, but the statement shows several largest loss trade than this. fake…………………….Scam people………………………………. The whole statement manually created with html editor/other source.
Sometimes they have a great SL
http://www.mt4i.com/charts/ResultChart.aspx?id=millionaire-bfr&type=historicfloatingplpercenthourly&w=850&h=658&rx=1314519306045
Hi there o purcahse this software i tested this system but there is a lot of problem:
1. they dont answer my email request
2. The conection with their server sometime loss and open trade are with NO control.
3.a Lot of trade in negative hit the margin
4. for me this is a scamm,
5. Yesterdat i loses $800.00
6. becarfully 3 day good but one day desrtoy your account
ANY ONE HELP ME TO INSTALL ?> I AM GETTING ACCESS DENIED FOR MANY BROKERS PLATFORM.
Thanks in advance
Satya
Hello,
I read that this is a trade copier, so my question is: why in the two accounts in their web site there aren’t the same operations?
Look at the to statements for July 27 2011:
Account: 746695
65675895 2011.07.27 08:00 sell 9.09 eurchf
65675917 2011.07.27 08:00 sell 9.09 eurjpy
65675959 2011.07.27 11:30 sell 9.09 eurusd
65676000 2011.07.27 14:45 sell 9.09 eurchf
65676063 2011.07.27 14:45 sell 9.09 gbpusd
65676107 2011.07.27 15:00 sell 9.09 eurusd
65676161 2011.07.27 15:00 buy 9.09 usdcad
Account: 921328
262618973 2011.07.27 10:45 buy 7.40 gbpusd
262619045 2011.07.27 12:30 sell 7.40 gbpusd
262619064 2011.07.27 13:45 sell 7.40 eurusd
262619150 2011.07.27 16:15 sell 7.40 eurchf
Same day, totally different operations!
Very strange for a copier, isn’t it?
When I contacted support about how to get the platinum version installed, it was like a switch within the EA on their side, so it looks like one is the standard and the other one is the platinum version.
Well week 2 is up, My account balance is showing a profit for the week (not as good as last week) but still a profit, My only concern are the open trades it has left over the weekend which are quite in the negative. I closed 2 trades last night manually just before US non farm payroll (which were in profit) as I do news trading on the same account aswell. Glad I did as the news went against my open trades. it did recover a bit by the time I got up and checked this morning. I’m not sure how his system works as it kept opening positions (buy) while the price was still going down but it’s worked in the past week so i’ll not let my emotions get the better of me. If i do upgrade I’ll drop the risk level by 25% but that wont happen until after news week and in future I’ll be turning the ea off the first week of every month.
Satya not sure why your getting that message, maybe change your broker, I have this running on GOmarkets and vantage fx.
Hi Cam, Are you going to run the standard version or the platium?
It’s the standard version.
Hi Cam,
Why there is no live test or review on the forexpipmagnet from your site?
LOL… Haven’t gotten round to it… Busy as!
Hi to all,
I have a little question, does anybody know that it’s working on Fxdd mt4 or not?
Thank you.
Hi MarkFx,
Yes. it works on fxdd mt4
Just to pass on this EA is total BS and a scam! I had live on my account last week and totally got smashed with the poor trades. The website is fraudulent and is false marketed. The $500 account shows lots opened with 0.15 lots. He then recommends to trade with lots of 0.01 with accounts < $500. How on earth are you going to acheive those results posted. Now keep in mind the EU pair is down over -160 pips so to the EJ pair where 3 trades have been opened. Leant how to trade manually using harmonic and price action and you will never look at another BS EA again!!!!
Hi Cam!
I just bought this version too! Can I ask if there is any differences of standard and platinum version. I just bought the standard version!
also i am not quite understand the multiply figure. Will it automatically increase the size and under what conditions it will increase the size. The explanation on the website give me no clue of that figure. Cam please help me
best regards and happy trading!
Hi Linh,
I’ve left the settings as default for now, and it is trading 0.01 Lots fixed for every trade (no increase). I haven’t had a look at how you increase the size. Let me know if you work it out.
Cheers
it seems that you have to manually increase your lot as your margin increasing. On his website he’s suggesting that
Use lot = 0.01 for deposits less than $1000 usd
Use lot = 0.1 for deposit from $1001 to $4999
Use lot = 0.5 for deposit from $5000 to $9999
Use lot = 1 for deposit $ 10K and above.
So as your testing demo account. you can fix up the fixed lot to 0.5
It seems that the platinum version will make more trades than usual as in my profile there 2 columns showing normal trades and platinum trade.
For the multiply function, it will multiply by the default 0.01
That is what I found out
Regards
Hello everyone! I am getting 5 pairs EURUSD, USDCAD, GBPUSD, EURJPY, GBPJPY. Basic version.I am running 5 basic subscriptions on 5 different brokers. FINFX, NORDFX,HOTFX,SPREAD INTERNATIOANL,GO MARKETS. This is the basic 37.00. You dont need platium!! 200:1 ratio works well 3000 start bal at average 9.5 trades per day 11 max, average trade length 6.5 hours. I have closed out 2 trades myself , if i left alone would have made money shows what i know . Let it trade. Conservitive lots size for starting bal: 1500=.07,2100 =.09, 2600=.1, 3000=.13, 3400=.15, 3800=.17,4200=.19,4600=.2 5000=.23,5400=.24,5800=.26,6200=.28,6600=.3,7000=.32,7400=.34,7800=.36,8200=.38,
8600=.39,9000=.41,9400=.43,9800=.45,10200=.47 about every 400 can bump it .02. This is base on 200:1 leverage: average .1 lot margin =aprx $115.00 trading 5 markets range 70-150 for .1 apprx. goal stay around 50% used bal on margin availible, at 9.5 trades max average at any one time. Stll need to manage trades . I am still learning this ea my self, just wanted to give ball park figures that are working. Good luck to us all!! I am really happy I found this , This is making me a true beliver again. Lost the faith for a while. I am smiling . Its worth a hard look!! Got my 5 ea on VPS. Doin great. This is it for me. I dont need anything but basic. I parked 5 other good ea to make margin room for my trade. I have over 1000.00 in those 5 other ea. They are not crap!! I want all my magin for this Auto Forex Millionaire. Hope I help somone get going!! I have big hopes for this thing!!
Last trades are copies of the trades of Sharper Trade and Shooting Pips providers on Zulutrade. Check for yourself. I wasn’t the one who discovered it though.
Why pay for service if you can get it for free.
I’m dropping the risk and lot size on this from the default, account was in serious draw down until news came out from the euro which spiked it up. if it wasn’t for that it could have been account blowout time.
It will blow ur a/c. Please think twice. some website show it was a scam product.
To be honest i’m having second thoughts, It looked really promising the first week (made $500 from a 3 k live account) and decided to buy another license. After the spike last night on the euro I closed all trades for small loss and shut the ea down, had I not done this my account would be in serious draw down and looking at the indicators the euro isn’t showing any signs of recovering anytime soon. If he is copying trades from sharper trade maybe he should lokk at other signal providers, there’s a lot better out there.
Hello I don’t know if any of you having the same problem. I am not using VPS as I only testing this EA out on demo account. So thing is when reconnecting after my internet dropped off the trades will still carry on with no sight that they will automatically close on their own. Trades have been carrying out for hours and making huge lost
Any body know please advise me !
I would only run this if I had a VPS on a live account. It can have to many trades open at any time which would need managing.
dont touch this piece of junk, you will lose all your money.
Please explain anton? Have you tried it?
Yes I have, it’s a scam through and through. Today i lost around 1000 pips from a buy order it placed on the eur/usd about 10 days ago, if you had used his recommended lot sizes then you would have blown your acc.. Luck I only used 0.01 lot sizes and therefore have survived.
If you want to lose your money, try this system
Yep they dont even hide it from their website
Monthly summary
2011-09 -1,178.4 pips
2011-08 659.3 pips
would take 2 months just to recover the loss. Cant really see how he became a millionare LOL. I did have the same orders open but like I said in previous comment was lucky to get out during a correction and save my bacon. Double thumbs down unfortunately.
if having problems with this program live, chances it is your broker swiping your profits. Try an ECN broker and voila, it will burst into life. My experience is this is one cracker of a program and doing very well for me
Roger read my last post and take a look at their website once you log in. they dont hide that fact that 3-4 trades last week lost over 1 thousand pips. If you have confidence in this software then good luck to you and your account.
Actually, they have removed all the big losing trades from their history and now show a profit for the month!
Thats halirious, maybe they’ve dedided to clean the slate so they can remarket it as something else!
Just don buy this.. is a SCAM. if you bought it, ask for a refund
Hi michael, yeah I think we are all in aggreement on that – apart from roger. It’s getting slated in another forum as well. It seems mokh hit the nail on the head in that he was copying his trades from sp’s on zulu.
Quick update, I checked the website.
Monthly summary
2011-09 -27.8 pips
2011-08 659.3 pips
and thats not including those account wiping EURO trades early in the month. Should read more like -1300 pips
Its a rip off, wiped out my $1500 account in less than a week, using .12 lot size. Stop losses set only sometimes, and when set are a 10 to 1 or worse win /loss ratio, which means if you win one pip you would have lost 10 pips if the trade went bad. What was promoted is not anything like what is delivered. Asked for refund, still have not gotten one, and was billed again after canceling account and requesting refund. I was more successful doing my own trades, now have to invest another $1k plus to get my accouint going again.
Cam any chance you could update this, just curious to see its dug itself out that hell hole.
My test expired and the hole was significant enough for me to decide that this wouldn’t make my live trial or graduate list.
Hi there,
I’ve used this AFM copier for two months. And guess what?For the first time in my life I’ve paid monthly fees to someone(Matthew Burton)for blowing up not one but two accounts of $5K !!! Steer clear from this huge SCAM !!!
Hi Abbas,
I think you need to read the thread as a lot of member report it as SCAM
But i think CAM should update the site to avoid member being scam as well. instead of leave the comment only..
just my 2 cents