by: Phil Jarvie
Summary: By all accounts, it works. They claim 100% successful trades. The one live account I found out there indeed had 100% successful trades and a 170% net profit over 7 weeks. The drawbacks are that you have to manually trade (the robot only gives you signals), or pay an extra $97 a month for their auto-trade version. And the auto trade version only supports 1 broker – FXCM. I do recommend Forex Ambush – it does work as advertised. $197 for manual version, plus $97 a month for auto-pilot trading. 60 days money back guarantee.
Forex Ambush 2.0 uses an advanced custom-designed, artificial intelligence engine to process Forex data. Basically, it analyzes live and historical currency pricing and it then predicts the future trends. Once it finds a currency pair that it determines it can accurately predict, it sends you an alert. Forex Ambush 2.0 claims it has been 100% accurate so far and I didn’t find any evidence of a losing trade when researching this review.
Logically, large banks and trading organizations would have been using technology like this for years. Forex Ambush’s ambition is to take the technology to the wider market and into the consumers’ hands. Forex Ambush 2.0 claim it has been described as working so well, it feels like it uses insider information to pick trades.
My attitude is that if it is so smart, why can’t it pick the future of every movement. Of course nothing can do that. Instead, what this does is narrow things down to where it can confidently predict a future movement. Like, for 1,000 movements/fluctuations – maybe it is confident only the one time.
Which is not a problem, as long as it is always right. After reviewing Forex MegaDroid and Fap Turbo, where they consistently got better than 95-97% accuracy, 100% success is not so far away. Perhaps Forex Ambush is just that bit more conservative, I really don’t know.
Like all expert advisors, don’t expect a flurry of fast and furious action all day long. These forex robots often go several days with no trades at all.
When visiting the Forex Ambush website, I was expecting the usual gaudy/tacky sales page – which is there as the home page – but at least there is a website with other pages (unlike many other vendors).
I always like to scan through the offer first, and see what they claim, then the rest of their website before going off an investigating them fully with the professional traders.
Anyway, that’s where the Forex Ambush became a concern – when reading their website and seeing what it does. What its “software” does is give you “trading signals” – recommendations of what to buy and when. You have to do the trade manually. Which means of course you have to sit at the computer and be ready just in case it does make a recommendation. Remember, sometimes it can be days with no buy signals at all.
For this, you pay $197 – once off. And you must make all the trades manually.
For the automatic trading version of Forex Ambush 2.0, you then need to upgrade to the Diamond level of membership – and this costs you $97 per month – plus the original $197.
Add to that their recommendation of using a VPS (virtual private server) at an additional cost of about $49 a month. A VPS is a server running 24×7 at a web-hosting company which has very fast internet connections to it. The main thing is that it is always turned on. You login to and manage it via your web-browser.
Anyway, it then gets worse when it is explained that the automatic version does not operate with MetaTrader4 – which is the industry wide platform for almost everyone. Instead, it uses a proprietary platform – for no logical or explained reason.
Forex Ambush AutoTrade V1 currently only supports the broker FXCM. You will need a regular FX Trading Station type FXCM account, not an MT4 or Active Trader type FXCM account. They claim they are not affiliated with FXCM in any way with FXCM – but this is not true. For sure they get a commission of your action.
Their site quotes “Forex Ambush AutoTrade is a special piece of software which will run on your Windows computer or VPS that automatically receives signals and trades them. It is not an EA and currently only supports FXCM. It does not work with MetaTrader 4”.
They say more brokers will be supported in the future. That the software will interface directly to FXCM through their API (think plug-in), and that you don’t actually need to install the broker’s platform on your computer.
But it really makes no sense to move to non-standard platforms as it ties you down to which broker’s you can trade with – namely only 1. That alone is a big turn off for me.
Again for their website “The AutoTrade software will automatically interface to your FXCM account and execute Forex Ambush signals for you. There is no other charge; this service is free and included with the Diamond Edition service. We do not charge an extra spread or any fee through FXCM”.
I did find one live trading account. Starting with an opening balance of $1,393.31 on March 31, 2009 it made 100% successful trades and a net profit of $2,367.79 as of May 15, 2009. So, 168% profit in 7 weeks which is up there with the best. You can click the link below, or right mouse on it and open it in a separate window (be patient, I found the link took 2 minutes to load).
Forex Ambush Live Account since March 31, 2009
The user base for Forex Ambush is very small. On the large Forex forums I frequent, most people haven’t heard of it. It would have been nice to get the views professionals but sadly none seem to know of it.
On their website is a chat room – which is a nice touch – just login as a guest and chat with whoever is online about their product. I would have never found the “live trading account” link without the chat room.
It works as advertised – 100% successful trades. Forex Ambush is not a busy trader, and for the one off price of $197 you still have to manually trade – which makes it an expert advisor, not a forex robot. For the autopilot version, add $97 a month, and be limited to the 1 broker, and their proprietary platform (not MetaTrader4).
Yes I recommend it. Perhaps it is for more advanced users who are comfortable with manual trades. Small user base now – they expect 20,000 users by end of the year.
Visit my site at http://www.forex-robots-reviewed.info/forex-robot-reviews/forex-ambush-2.0.php for the full reviews of this forex robot, and 40 others.
Phil Jarvie is a 49 year old Australian who has been living in China for more than 2 years now. He has been a professional forex day trader for many years, and has come to use and test many expert advisor forex trading robots. He has independently reviewed them at http://www.forex-robots-reviewed.info.
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