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REVIEW: Forexprofitcode creators could be called the "masters of cloning" :) They took ForexAutoCash website and cloned it hardly. If you remember ForexAutoCash you will find a lot of similarities here. I even asked John Burroughs (creator of the ForexAutoCash) if it was his new website but he said that it was a clone from some competitors.
Well...The Forexprofitcode website looks good on the first sight but you will find a lot of red flags here if you dig deeper.. Here is what I found:
1. Top video is partly stolen from the ForexAutoCash video presentation. It is saying about "no single loss" marketing idea that was in "forexautocash" and has nothing to do with this Forexprofitcode.
2. They write "Software has been attested and the results were verified by an attorney at law".. Okay.. Lets take a closer look.. I saved a copy and underlined some words in red. Take a look yourself. Doesn't it look like a fake stuff to you? Would the real attorney at law write "I am glad I tried it" or "I highly recommend it"?? I doubt, guys..
3. One more red flag here - the video testimonail from "Joie, Atlanta Georgia". She is speaking about some strange "automatedforexrobot.com" NOT about Forexprofitcode. Why is it here? Automatedforexrobot.com is actually some weird generic blog... That does not make any sense to me.
4. They claim Forexprofitcode to be "fully automated software" but instead you will get some weird manual indicator! If you are new to forex, you should know that indicator is not a trading robot, it is just a signal script that will send you sound and text Alerts when the signal to open or close position is hit. WTF?! Why would you sit all day long waiting for this signal to come if they could make a Expert advisor based on that indicator for you.
I asked the vendor why didn't they make a EA based on indicator and of course did not get any reply... So I will try to reply myself: "because the system is total junk and does not work. Using manual indicator you cant prove that and can't backtest the system, so there is no real evidence of the scam tactic here.
However I decided to investigate deeper and programmed a simple expert advisor that is based on the exact signals of that Forexprofitcode indicator. (Forexprofitcode indicator that is called...autoforexcash.MQ4 (lol)... is provided in MQ4 source code so it was really easy to programm an EAwhen you have a source code). I cant give away the code of this EA because it is based on the commerical indicator however I can show you the results of its work that would not be a surprise.. System is a total loser on all currencies they recommend.
Enough for me here. I made a refund. Watch out, guys!
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