As many of you probably know the retail FX space is full of people looking to make a quick buck out of naive 'newbie' traders. According to FX trading 'folklore' the failure rate for traders is above 95%.
This indicates that retail FX traders have pretty short trading careers which may explain why there is so much agressive marketing by various black box "get rich quick" vendors. Arguably they are trying to grab the money while it's in the market!
FX Algotrader is coming up to its second anniversary and our customer base is growing significantly. Interestingly a good proportion of our customers are experienced traders who consistently make money trading.
This is great news as it means most of our customers will stay 'in the game' and as their experience grows they help to provide feedback for future product development. Quite a few product enhancements have been driven from the customer base and this is exactly how we want to continue developing the business.
Good products get better and better due to feedback and suggestions from the customer base. We feel passionately that this is how software companies should develop their products.
"Keep it up, you're doing a great job and have a great after-sales service! Thank you." Product: Stat Arb V2.0
"Awesome Awesome Awesome Awesome - in a nutshell !" Product: Stat Arb V2.5
"I highly recommend your Statistical Arb EA 2.5. I admit that my use of this EA is limited but it is apparent to me this is a highly thought out strategy and based on solid logic ,the best part being the natural hedging which occurs. This EA isn't for the person seeking instant gratification that some dodgy EA scammers pedal.
This EA is for people seeking good returns at a safe pace over time. My results so far in testing live account with www.thinkforex.com has generated very nice ROI and due to the natural hedging, means that the limited drawdown has never had me worried, which means larger lot sizes and that means very good ROI.
I paid for my license with only the first test transaction, at only a O.5 lot size." Product: Stat Arb V2.5
"I have been trading for several years and over that time I have purchased many trading related products most of which have not lived up to my expectations. In comparison, I have found the tools that I have purchased from FxAlgotrader to be of a high professional quality; I strongly believe that these tools have given me the edge that I needed to succeed in the market.
I recently purchased the V2.5 Arbitrage Engine together with its corresponding Correlation Indicator and have found them to be a powerful set of tools which are enabling me to make REAL money on a daily basis. The after-sales support provided has been excellent as well - all my queries have been responded to in a timely, comprehensive and friendly manner.
While this is certainly not a money printing machine, I would highly recommend these set of tools to experienced traders who would like to seriously pursue a trading strategy based on statistical arbitrage." Product: Stat Arb V2.5
"...tool is perfect....and the time retarding is perfect." Product: V2 Pivots Bundle
"I got the logo pivot option and am so happy about it..am so grateful for all your support." Product: V2 Pivots Bundle
"...I've had two winning trades on the euro tonight since installing TL Auto Trader just using the settings it ships with and common garden variety lines. Augurs well..." Product:
"I must say that I am very satisfied with the support service.
I will definitely purchase more from FXAlgoTrader in the future. Thanks." Product: Strength Analyzer
"The indicators are superb quality. Very well thought out." Product: V3 Indicator Bundle
"I've got to hand it to you - the Gen Stat Arb is a damn good product. I'm not saying I've come close to mastering it's use, but it's a freakin' good tool." Product:Statistical Arbitrage Engine
"I liked your suite of products, as being in this time zone the adjustable nature of your pivots was what I was looking for to give me flexibility - and they looked neat and professional (the free ones look like they've been drawn in crayon by my a 1 year old." Product: V2 Pivots Bundle
"...the pivots are great and just what I was looking for." Product: Daily Pivots V1
"Works perfectly....very happy. Thank you for your attention to this, it's quite refreshing in the corporate world of no responsibility to have someone take responsibility and follow up like this." Product: Weekly Pivots V2
"Thanks for helping...I had been looking for this tool for quite a while." Product: Trendline Auto Trade
"I would like to thank you, for developing this EA. Product: " Trendline Auto Trade
"Good development takes a lot of diligence and time and from your product line it looks like you put both into your product. I was originally led to purchase from you when I was looking for the Pivot Program. I did a Google search and one of the chat rooms I researched said that you provided a basic and sound product at a reasonable cost. When I checked out your website, it was straightforward, no hype with supporting demonstrations, so I could make an honest assessment of whether the product was right for me. Your follow-up and follow-through has also been excellent and very much appreciated." Products: Pivots Bundle V3, Volume Alert, Trendline Alert
"First, I'm very impressed by your reply! I was expecting a 'canned' email with a one or two sentence response." Product: Pivots Scanner V1
"Wow!!! this one is perfect...it worked great ..this is exactly what I want...it matched up with my manual pivot calcuation with 1 pip difference and a lot of them are just right on....am grateful..." Product: V2 Pivots Bundle
"Many, many thanks buddy. I really appreciate this. I am over the moon!!" Product: Market Flow V1
"Thank you, Thank you & Thank you! Absolutely Brilliant mate. From what I have seen with it, I am really pleased. It is very clear, well designed." Product: Market Flow
"Basically, I am lost for words!!!!!! I just can't believe that after talking to & corresponding with other programmers & not having any success, you pull this off & design it in less than one day! Unbelieveable." Product: Market Flow