Automated Forex Grail - Is it another scam?
68There are
lots of Forex robots available in the market. The market is literary flooded
with the quick-get-rich forex robots. I was tempted by one of such 'robot’ in
past, but after the testing it turns out to be a big scam. So, when I first
hear about the Automated Forex Grail, I thought that this may be another scam,
but I was wrong.
How the Automated Forex Grail born
It is mention in their sell page that after many years of researching the Automated Forex Grail was born. Two experts are the parent of this software. Forex expert and computer programming expert are the father and mother of this software.
Initially I was not allowed to see even their sell page. They have a quota system and they accept only few persons. However, after waitlisted for some time I got chance to peek inside their system. I was impressed by their support but still I am skeptical. As they offer 60 days Money back Guarantee, I decide to try it for few days and If I smell something fishy then I will ask for my money back.
The Testing
They are so confident, that they have a demo version for people like us to try and see the result. I started first with the demo account. Uploading and installing it in to my pc is easy. Once it is installed as per their instructions. I ask my broker to create a new account with $5000 in virtual money (not real money) as I am not sure about this robot. At first I look at my dummy account very frequently but after 2 days, due to my other engagement I have not looked at my account for one week.
After one week when I do look at my account. I was astonished to see the Balance of my account. The balance of my dummy account jumped from $5000 to $7,856. It has recorded profit of $2856 in one week! However, this is not the actual profit as I am in a Dummy account.
After seeing the result of their demo, I think that I should give it a try with their full version. I told my broker and created another 'real' account and install the Automated Forex Grail full version. However, I am still not that confident about the result, I started with only $1000. This time I am watching constantly on my new account. That week I have seen many ups and downs in the forex market, but strange enough, my new account grows steadily. After one week my new account with Automated Forex Grail robot shows reasonable profit of $1586.34. This is more or less same as in demo mode.
Disadvantages
Even though I have got very good results with both demo and full version, I come across certain disadvantages of Automated Forex Grail.
1. It only runs on the Metatrader 4 platform. I am lucky that my broker has provided this platform but there are many brokers that do not provide Metatrader4 platform for trading. So, if you have no access to Metatrader 4 for trading forex, then Automated Forex Grail is useless for you.
2. I don't know whether this is a disadvantage or not, but my preferred pair of currency trading is EURCHF, GBPUSD and USDCHF. I always trade multiple pair of currencies, but Automated Forex Grail do the trade only in one currency pair.
Conclusion
With above disadvantages, if you want to earn reasonable amount of money from the forex market then you should at lest try the demo version and see for yourself. I highly recommend Automated Forex Grail for the people who don't want to sit all the time in front of computer screen and raise their blood pressure.
Forex Grail
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