Tom's EA Review

Tom’s EA Review – My Test Results and Recommendations

Posted on October 21, 2011 by ccronje

Note: This is just my personal Tom’s EA Review
CLICK Here to Visit the Official Toms’s EA Website (Beware Imitations!)

My name is Chris and I run a website called fxtradingreviews.com where I review and test many of the EA’s (or forex robots) that come onto the market. I was given the opportunity to beta test Tom’s EA and decided to set up this Tom’s EA Review to share my results and feedback.

Now, because of all the scams out there I’m normally very sceptical when a new forex robot is launched, but when I received an email from Dustin Pass inviting me to test a new EA they are planning to launch I was very interested, because I know that Dustin and his team only releases high quality products. I downloaded the EA on 3 October and set it up on a $3000 demo account with Alpari UK to test it.

I won’t waste time giving an overview of the product in this review, because you can get all of that information on the Toms’s EA Website. Instead I will focus on my results and recommendations.

Tom’s EA Review – My Results so Far

Click Here For Detailed Stats

As I’m typing this it’s been 3 weeks since I activated Tom’s EA and so far it has made a profit of 9.6%. Tom’s EA’s is not one of those products that promises to double your account every month..it was created to generate a safe and consistent 8-10% profit per month and based on my findings so far it does exactly that. You can make substantially more profit if you use the high risk setting, but believe me you can still generate a large amount of profit in just a year or two if you just make 10% per month consistently, so I suggest using the low or medium risk setting (I’m using medium in my test). You can follow my live test results below.

CLICK Here to Visit the Official Toms’s EA Website (Beware Imitations!)

How Tom’s EA Works

Tom’s EA is always in the market and the open trades are always in the negative. Don’t be alarmed when you see this, because this is how the EA is supposed to work. Winning trades are closed very quickly to lock in profits, while negative positions are managed with a safe variation of the Martingale strategy, combined with hedging (which can be enabled or disabled by US customers). Drawdowns of open trades are handled very effectively and I’ve never seen a drawdown of more than 10% in my own test or in the statements provided by Tom on his website, even when the currencies make big runs against the open trades. The key thing is to not interfere manually and let the EA do its thing.

Bottom Line – Is Tom’s EA Worth Buying?

Tom’s EA does not come cheap, but based on my own experience I would say that this product is definitely worth considering. Tom’s is the only forex robot that I know that is backed by a reputable forex company like Forex Traders Daily and the fact that Tom uses this same software to manage large customer funds will ensure that the EA will always be updated and supported.

The price of the lifetime license is quite steep, but it’s backed up by a solid 60 day money back guarantee, so you can test it for 2 months risk free. The FTC is really clamping down on this industry now and I know that Dustin won’t offer this refund policy if he doesn’t intend to honor. Another great option that they’ve added to this product is the monthly subscription – it costs you more in the end, but it gives you the opportunity to start using the EA without the large capital outlay and let it pay for itself. All in all I think this is one of the best automated trading opportunities I have seen to date.

CLICK Here to Visit the Official Toms’s EA Website (Beware Imitations!)

I hope you enjoyed my Tom’s EA Review!

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Tom’s EA Update

Posted on October 24, 2011 by ccronje

It’s been exactly 3 weeks since I started my latest test of Tom’s EA and the profit so far is 11%. I’m using the medium risk settings and based on current performance it appears that this setting will generate roughly 15% profit in the first month.

I think it’s important to mention that the EA has already had many losing trades, so it’s not a matter of waiting for that big loss to come like you have with other EA’s like Forex Megadroid and other scalping type strategies. I know at first it feels kind of strange to see that all the open trades are in red figures, but once you get to know the strategy and once you see how it closes one profitable trade after the other you quickly get used to that.

I’ll try to make another update tomorrow.

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About Tom’s EA

Posted on September 12, 2011 by ccronje

CLICK Here to Visit the Official Toms’s EA Website (Beware Imitations!)

Everyone who does trading on the markets goes through their time as a novice and everyone experiences the ups and downs of the market with varying degrees of success or failure. The smart traders know that beginners can go through many tough losses and literally thousands of dollars can slip through their fingers if they do not obey the laws of the market.

How is a new trader supposed to gain the knowledge required to see success in their account? It is a long and arduous process to become a good and successful trader how knows how to read the indicators and pull back when needed or be more aggressive when the climate warrants it. Most of the smart beginning traders have looked to the well known successful traders and tried to follow their lead in the trading rules they seem to follow.

One such well known and highly regarded success story is that of Tom Flora. Tom has been trading since 1999 and in over twelve years of his experiences, he fine tuned and honed his knowledge into a game plan that can be followed to ensure trading success and great profits over time.

Tom’s success did not come easily, those twelve years saw huge lessons learned that cost him and his clients thousands of dollars, but those lessons were learned long ago and were not repeated because Tom Flora paid close attention to all of his experiences and culled valuable knowledge even from his early losses. This game plan he created has guided his trading career in FOREX to admirable success.

One byproduct of the success Tom Flora experienced is that he was sought out as a mentor and teacher to beginning traders who gladly each paid him eight to ten thousand dollars to be taught his system. All the while, Tom was streamlining and refining his system to include not only trading plan expertise, but money management skills as well.

The idea of an automated FOREX trading robot appealed to Tom and he spent a few years trying the available ones, but always finding them lacking when compared to the results his own trading rules could achieve.

Luckily for all traders, Tom Flora invested the time and the patience to have his very effective and unique set of trading rules coded into a brand new and one of a kind automated trading software and now his level of success with his refined trading rules can be available to a wider audience.

The rules that have guided Tom Flora to his own personal success are still being refined, his tireless pursuit of the most effective and efficient methods of trading are always being updated and his thirst for more knowledge about the markets has translated to even higher refinement of his system. The software that he has developed gives even the beginning traders the advantage of his amassed knowledge about the way the markets behave and with this program, there is no need for them to spend years learning how to succeed.

CLICK Here to Visit the Official Toms’s EA Website (Beware Imitations!)