Forex Brilliance
Forex Brilliance is a forex trading robot, which has 4 different versions that are designed to trade on 4 major forex pairs: EUR/USD, USD/JPY, GBP/USD and USD/CHF. Because each robot trades only one pair, this allows developers to better adjust the expert advisor to each pair’s specific market movements.
The creators of Forex Brilliance claim that the this EA has consistently made profits from 2004. Also, the robot will be easy to use and fully automated.
The account statement provided looks promising. IF the Forex Brilliance robot creators have not used curve fitting, it stands up from the crowd of other trading robots. Especially i like USD/CHF equity curve which shows long drawdown period, when the robot fails to be profitable. And that’s a very healthy thing for a trading strategy. Then, the profitable periods quickly increase capital. This is a good sign too. Moreover, the yearly profits of the trading system are within reasonable 50% range, which shows that proper money management is being used and your trading capital has less probability of being lost.
Again, IF Forex Brilliance robot creators have provided real statements without curve fitting, then this robot is way ahead of the most other forex robots. However, live trading results, which could back up those backtesting statements, are not provided.
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March 26th, 2010 at 13:56
I purchased Forex Brilliance and only then does the User Manual disclose it is incompatable with ECN brokers. Sure enough it does not trade at all on either FXCM or Gallant. I am trying to get a refund but so far I am being stonewalled. They want 90 days of unprofitable trading… how? They say it is incompatable with my brokers. I am going to my bank/cc company next.
March 26th, 2010 at 17:23
Once you purchase it, it’s impossible to get refund.
Beware.
You have to wait and try this for 90days and prove that it is not profitable in order to ask for refund.
Very tough and unethical. I requested refund many times and they refused.
It doesn’t come with any instruction or manual about how it works. They don’t give any info about that.
All they offer is the software and download instruction. That’s it. Whether you like it or not, you need to use it for 90 days and prove it is not profitable before even thinking about refund. How much profitable? They don’t specify. Very vague terms and conditions, meaning they have no intention to refund to anyone. It is one of those unscrupulous sharks ripping off people’s money.
There is no logical educational material or explanation how it works.
It is not wise to buy this kind of robot and entrust the software with your hard earned money blindly. After all, You have no idea how it works.
March 27th, 2010 at 05:31
Scam artist.
You can’t get refund.
Crooks ripping off hard earned money.
Be cautious. Do your due diligence.
Stupid to entrust this software with your money.
March 27th, 2010 at 05:44
I purchased and loaded on two computers with a test account. I am keeping track of which pair does the best after 2-3 weeks. Then I am going to consider putting it on my live account. I would never put on a live account until tested. If one would see how these are built, they wouldn’t know what they were looking at unless they were a programmer.
March 29th, 2010 at 08:26
I purchased the software on the launch day and am testing it on demo accounts. Loaded the software on 26/3/2010 morning and the EA placed 3 trades around 4pm – 6 pm local aussie time and all 3 trades are good. Collected around USD410.00. Today 29/3/2010 the EA placed 2 trades, one already closed with a minimum lost -USD3.00 and the other is still +ve and strong, will test on demo for the rest of the week and the whole of next week b4 going live. Will update more later.
March 30th, 2010 at 06:56
Yesterday’s ongoing trade closed with +USD75. Today 30/03/2010 the EA placed 2 more trades, 1 already closed with +USD27.00 and the other is on going with +ve pips.
Will update more later.
March 30th, 2010 at 15:39
kina, if you want to provide trading results, please use third party service, like “myfxbook.com”, and post a link to access them. If you will post more of the trading results directly here, i will be forced to delete them.
March 31st, 2010 at 12:21
Sorry, very-very sorry.
No more comments.
TQ
April 1st, 2010 at 10:45
Hello,
I have purchased on 26th march uptill now very good perfomance 8 trades 5 win and my account is 15% up in just 4 days, great robot I think no need to refund my account but it work great on FXDD account
April 4th, 2010 at 01:25
I have been using the FB robots since they came out and have very mixed feelings about them. The EAs themselves work fairly well, though the money management is way to bold. Risking 20% of the account on one trade is foolish. The idea that this in some way mimics the way the human brain works is laughable. The EA is only 3k and I peeked at the code. It isn’t a bad attempt at trading, but it is not anything like what is advertised.
The real lack is any sort of customer support. They just do not answer e-mails and the few answers to questions on their website are one word brushoffs. Once they sell to you, they are finished with you. Don’t expect to get a refund, get your bank to issue a charge back on your credit card. If enough people do this, they might get the message and fix the bugs in what could be a worthwhile product.
April 9th, 2010 at 19:40
hi friends,
If you thinking of getting this robot, take a look at the my account statement posted on (webpage no longer available) and you will have a second thought.
It’s hard to get a refund and Plimus won’t be able to help.
April 29th, 2010 at 20:11
My experience with Forex Brilliance has been awfull. First of all I had some problems at the beginning and tried to contact the company and got NO response. I followed their directions and yet the trade robot would not start working. I am an experienced trader and am very familiar with using EA’s and yet it would not work. Only after requesting a refund did I get a response from them. Their response was to send an updated version of the EA and stated that if after using it for 90 days I was not in profit, then I could request my money back. After running the updated version on a demo account for only 1 week and watching it gain a little then lose a lot over and over again it is now in a loss of $990. Thank goodness it is only running on a demo account. I doubt that it will improve within 90 days and I REALLY doubt that I will get my money back. I give the Forex Brilliance ten thumbs down for their poor quality product and poor customer relations.