Forex Envy is an EA that trades 9 currency pairs on 14 different charts in 30 minutes Time charts. This EA works with “Long Cycle” pairs who close positions on a weekly basis, and “Short Cycle” pairs that close positions on an hourly or daily basis.
Forex Envy analyzes patterns that every currency pair forms, and uses these to create baskets of trades that close to form a net gain.
Forex Envy Features:
- Trades often
- Works with ECN brokers
- Recommended leverage of 1:500
- Minimum starting balance of $300
- 110% Money Back Guarantee
- 6 accounts to 1 license
Test 1: Vendor Strategy Test
2007 to October 2011 Strategy Test results.
View full Forex Envy backtest results
Currently running Forex Envy on Alpari UK, testing started on 7th February 2012. Current results are as follows:
| Current Floating Profit ($) | Total Balance ($) | |||
| -476.95 | 45004.16 | |||
| View our Forex Envy Demo Test Statement | ||||
Lab Result:
110% money back guarantee! thats different. talk about looking fot the ultimate U.S.P ! i really hope this works well. if not i might just buy 300 copies and send them all back for a profit!
look at hese figures ! 143 closed orders in 1 week!39 orders currently open!!! $730 profit with -95$ open .thats not terrible but imagine having 39 open orders!looks like toms ea only more successful in its first week at least.lets see if it can keep this up. i don’t know if i could sleep at night with 30+ losing positions!what if you lose connection? one to watch!
of course that is with all pairs running. what i should do is print this off and then find the best pair and just use that.anyone volunteer to do that? please!
It’s important to understand that this EA combines both grid-trading and Martingale-strategy, and that the vendor recommend withdrawing funds from the account on a regular basis. In my option, this is the same as saying that this EA will sooner or later blow out the account.
51 open trades now!! is there a limit? how many can an average pc handle? would it be better to just close all of the trades each weekend,would still be in profit. don’t want computer to blow up!
Sounds a lot like other basket traders I have seen, they do very very well for a while, and then run out of steam and blow the account.Pipsleader/Divergence Trader spring to mind.Needs to be handled with extreme care.
Hi Cam,
How to setting the 9 currency pairs on 14 different charts in 30 minutes Time charts.Thanks!
I belive this is the wrong place to test this system.
Because this is a martingale system.
and its just a matter of time before you account reaches a margin call and gets blown.
However, im using this system and im very happy with it. I’m running 1 account with default settings provided by Forex envy, and its growing slow and steady. The risk is very low.
and I have another which im running super risk on. The deposit is 100USD. I have already blown it 2 times, so that makes 200 usd gone. But the profit it made those 2 times are 844% so far.
Do the math
hi john
marka told me u have experience with forex envy! when u mention super risk! is it just using their larger amount capital set files? or u change lots size? im currently using the 480-640 set files 0.01 base lots size.. i just wanna set the base lots size to 1.00 lots using the same capital set files! u think i can do that?
how are you getting on with this ea john,still good?
please could you update me john on your opinion of this EA to date.the latest figures look amazing .would love to hear your thoughts,cheers,marka.
@ Marka, so are you in profit after 30 days ? I contacted their customer service (forex envy) I asked them about their 110% money back guarantee. It’s actually misleading, if I buy this software/ea on a demo account and after 30 days my demo account has only profited 1 cent then I can not return the product. I also asked them if I can get my money back after 30 days because I wasn’t 100% satisfied. They said no. So in reality the software only needs to make 1 cent and you can’t get your $379 back.
I think that’s pretty steep. I’d like to hear your feedback.
i did not buy this ea,my previous listings were merely taken from the demo acc on this forum.i had high hopes for this but the latest figures show a profit of about $800 with a deficit of over $1700 so thats a large loss.needs to improve no end! toms ea figures(which seems similar) are now much better.
is it worth it John to invest in this software ? So buy it for $379 and put $1k on a live account on default settings, leave it alone for 1 month and hopefully it will be in profit.
these figures are unbeleivable guys! i know it has big drawdowns and so many open trades its ridiculous but if you can live with that then 74% growth in a month is amazing!
do i need vps for this ea?
no but it will keep your computer busy!
can i have the setting for those nine pairs? those instruction their giving i is the lowest risk! how to adjust the risk level? is it just the lot size i need to increase? mine is at 0.01 lots size and the profit is moving by cents..
ask john for the settings,he owns it,i don’t remember. i am just quoting figures from this website,latest ones look amazing! lets see if this can continue for another month then i may purchase.
Has anyone in the US tried this yet?
I’m in the US. Been running it 4 days on a demo with IBFX, $5000. For 3 days it went up modestly then on the 4th plummeted $1000. Can’t form an opinion with only 4 days of trades but I won’t plop down cash until I see results.
Bill, How’s the EA doing now? Last I heard from you it plummed on the 4th day and its down a 1000
amazing how different these results are from its live pamm account on hot forex! still,their figures on the pamm account are quite good actually so would be a much better investment than %90 of current ea’s.