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 it's first anniversary and our customer base whilst still small is beginning to take shape. Interestingly a good proportion of our customers are experienced traders who actually 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 this is how software companies should develop their products.
"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 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
"I really like your software." - 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 and 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, 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
"My version of the holy grail" Product: Pivots Scanner V1
"wow!!! this one in 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 cant 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