FAM Drone

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FAM DroneFAM Drone is a Forex EA for trading EURUSD currency pair.
FAM Drone works under any market conditions and catches the trends as they happen. The strategy behind the robot was developed through testing and little theory by combining many different trading strategies. The authors claim to have created a unique predictive and adaptive trading technology. The robot predicts trends and their directional momentum and adapts as it trades.
It also includes money and risk management system and works with any broker on MetaTrader 4 platform. The developers maintain monthly updates to the system.
On the bad side, it doesn’t provide any real trading statements or back-tests.
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This is not a full review of FAM Drone. If you have experience with this product, please leave your feedback or review below. Help others to decide, every entry helps.

Comments

I really like this bot, i purchased it and i like that it is not like other EAs that hype up and tell you you’ll make millions in the first week.

Comment by lory taylor on July 21, 2010 @ 2:09 pm

I asked their support, why they need to hide details from the 1 week backtest statement and why they have 2 upsells.
Zach Caredel answered:

—– Original Message —–
From: Zach Cardell
To:
Sent: Thursday, July 22, 2010 5:16 AM
Subject: FAM Drone

We’re not hiding any details, everything is out in the open. This bot is built for long term so trades come in when it finds the best trade. The upsells are different products and the advance trades more than just one pair

Zach

My reply:

Hello Zach,

I am impressed about your fast answer.
Do you mean with “everything is in the open” the small part of a backtest what shows
one loss of 10.200$ and one small profit of 3.840$ ( about 12 pips for 32 full lots traded ) and only 1 trade in 6 trading days? ((Generate several trades per day…within minutes. No waiting, you’ll see results almost instantly!)) haha …………This bot is built for long term………?
Whoelse with an account of 1.000, 5.000, or 10.000$ would trade 32 full lots?
Why the red vertical lines what hide a part of the pip column?
Or do you mean with “everything is in the open” the strongly reduced parts of a statement as shown in my attachment?
Why you can not show a complete backtest statement for min. 1 year? (It would be easy to manipulate)
Why you are not able to show a live statement for several month?
I can imagine why!
Show a testified live statement for min. 6 months and I will buy your system.
I am absolutely sure – you can not!

Regards
Mike

PS: In my opinion it is a crime to destroy money of purchasers with wrong promises.

Comment by Mike on July 22, 2010 @ 6:51 am

I’ve been receiving all kinds of spam saying this is the Holy Grail of EA’s. I opened a demo account with $10,000 and so far I am down $4,000! Is there a tweak to the settings I should be doing? I am currently set at default. I do not know which is worst … FAP Turbo or FAM Drone.

Comment by Chris Purcel on July 24, 2010 @ 12:33 pm

I have installed this system on a live account, and so far it has two trades running on a loss.
Will monitor this a few days to see how the trades do.

Comment by Phil on July 25, 2010 @ 6:00 am

Thanks for your input. I was thinking about purchasing robot
I think I’ll save my money. I also got burned on FAP Turbo

Comment by Tim on July 25, 2010 @ 8:52 pm
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