Forex Insider Pro

Donna’s Review:

Ease of Use:

Control of Risk:

Customer Support:

Overall Rating:

Forex Insider Pro claims to be a forex “slave” and boasts that it has a 100% success rate during the month of September 2008 (rather a random date?!).

What we like about Forex Insider Pro is that it is not yet another scalping strategy. It doesn’t trade often (although often enough to keep us interested),  but when it does trade, so far we have seen pretty accurate trade entries and nice strong gains on the account using an internal money management setting of just 3% risk.

Another point in favour of this robot is that it trades the EURUSD pair, which is often the most liquid currency pair with the lowest spreads and therefore more accessible to retail traders (no huge worries about having to cover the cost of spread before you can make a profit!).
As always, we see on their site the huge claims, outstanding testimonials, and a little sensationalism, although by certain standards this site is really pretty tame in its content and style.  Just remember that you are not going to get 100% success on any system. Just because Insider Pro did it during one month in 2008 (we think, was it a backtest?) does not mean it will continue moving forwards. This is especially true in a robot which does not trade frequently and so does not generate enough data on a monthly basis to be able to tell whether a 100% success rate is really all that amazing as it sounds.

Update: 15 January 2009

Our Forex Insider Pro demo account is no longer able to be accessed on our Metatrader and we have had to stop the demo test. I have uploaded a copy of our demo results until this point and you can view these by clicking on this link.

Update 26 January 2009

Forex Insider Pro is now on a live account with an opening balance of £197.42