Forex Conqueror

The real stuff or just fluff?

Summary: Impossible to tell at this stage. The product was launched on April 22, 2009 by a Brad Cullen. It certainly has exploded onto the marketing scene, and no doubt he will sell thousands of copies very quickly. But I failed to find 1 verifiable fact. Crazy thing is, my instincts tell me it is an excellent product.

Sorry, but my review here is going to let you down. I cannot verify a single claim on Forex Conqueror's website.

A search of all the large forex forums has no results when searching for "conqueror". A search of Google sprouts dozens of review sites - every single one just an affiliate doing an advertisement for Forex Conqueror.

Forex Conqueror is all over the Internet at the moment. The product was launched on April 22, 2009 with a large fanfare. I have read 35 review sites - and every single one of them are affiliates writing "stuff and fluff".

All "reviewers" - all pitching for customers. Pay per click advertising is everywhere I look. But a real customer with a live account we can all look at? Not one I can find.

I did not find one single live test account. The best I saw was a guy showing daily trades he'd copied 1 by 1 to a web page. So it cannot be trusted or considered reliable information.

What we need to see is a real live account still operating and with a continuous history of trades. Not some cut and paste job with gaps in between the items.

The sales page is the usual tacky style of big claims - but no substance or verifiable facts. Nor is there an actual website besides the sales page. Forex Conqueror should have a link to a live account currently operating and demonstrating its continuing performance - but there is not one.

I have not had a chance to test Forex Conqueror - but I can give you is some observations from all my research to help you with your decision. 

The first thing I always look at when evaluating a Forex robot (after reading their website claims) is the back testing report. It gives you some idea of how the system performed in the past.

In the case of Forex Conqueror, one guy claims the back testing report shows a relatively high percentage of winning trades (87.33%) - but I have seen much better with MegaDroid and Fap Turbo (see their separte reviews).

Plus back testing is not as good as live testing. That is, back testing can have the settings tweaked to give the past a more rosy look than say the default settings would have. Live testing on a live account is the acid test.

The maximum draw down of from this back testing of 12.84% is good. It means that during the trades it's not risking that much of your money. I've seen other excellent products with draw downs of 60% which must get scary.

However, I want to know over what period of time the back test was performed. That this is not clear also concerns me.
  
Another important thing to look at is the “Largest Loss Trade” and “Average Loss Trade”. This gives you an indication of how risky the trading strategy is and what type of draw downs to expect.

In the case of Forex Conqueror, these numbers are not shown in the report. But the guy with the cut and paste of his claimed testing showed frequent and large profits and occasional, small losses. But who knows for sure?

I am most convinced by a Forex robot vendor that gives real time proof of day-to-day earnings actually made in a REAL MONEY forex account (as opposed to a back testing report or demo account statement).

While some basic examples of real trades are shown on the Forex Conqueror home page, I don’t really see any concrete proof of how this system performs in real life. I don't even see the dates of these reports.

Based on the above I can only suggest it is worth a try and to rely on the 60 day money back guarantee. The guarantee is not a vendor one by the way - it is one given by Clickbank which processes all the money and refunds.

That is, all vendors must agree to Clickbank's 60 day no questions asked money back guarantee. So you cannot lose. By all means buy this expert advisor - try it on a demo account for 59 days, then get your money back from Clickbank.

When getting a refund - the vendor has no say in it and nothing to do with it - you deal with Clickbank, and they process it automatically based only on that your claim is within the 60 days. You don't even need to give a reason.

Conclusion

I like the price - $97 is at the cheap entry price level. I like the guarantee - backed by Clickbank's no-nonsense money back contract. I like the claims. The solid marketing support behind says they will sell a large number of them. I don't like being unable to verify anything. I recommend you buy it for testing, with a view to getting a refund at the end of 60 days.