Comments on: Oracle Trader

By: JMorris

JMorris — Mon, 05 Sep 2011 18:11:20 +0000

This is a scam. I signed up a year ago, tried to use it but could not get filled live from brokers, changed brokers 3 times, still no fill. Quit trying, deleted my name from their email, and did not have access to their trade room for over 9 months. Now one year later I am being billed for renewal, I did not renew. They say no refunds. If selling nothing is their business, that they have a good thing going.

By: Charles Hankins

Charles Hankins — Wed, 03 Aug 2011 18:55:19 +0000

What a rip even got overcharged for no service received. Just go ahead and put your money in the shrader!

By: zessel

zessel — Wed, 01 Jun 2011 01:37:01 +0000

Don’t waist your money,,,,, please ….listen to all these guys I wasted $2700.00 NZ

By: Richard

Richard — Tue, 15 Feb 2011 00:36:34 +0000

Stay away from Oracle trader. I regret signing up with them and can’t get a refund. I have lost Australian $2400 for such a crappy strategy. When thinking about the news that they are trading, half of them will be a NO TRADE. Also when thinking about all the re-quote from the broker, I think you are just wasting your time with Oracle Trader. No Trade, requote and slipage will just kill you with this program. Its a waste of time and money. If you want to try this system I can transfer my account to you for $500. Contact: ruht6@optusnet.com.au or look out on ebay for my offer

By: Barry D

Barry D — Fri, 04 Feb 2011 06:17:00 +0000

I purchased Oracle Trader on Aug 1, 2010. I traded the first month with a demo account and made over 200 pips. i started trading live the first week in September. everything changed. I`ve only had 2 very small profitable trades since that time and several losing trades. Live trading is totally different than demo trading. About 80% of the time I receive no trades, disabled trades, or trade timed out, or some other error. I have contacted the “lack of support department” on several occasions. Their only response is to change brokers. I am now on my 5th broker with no improvement. (Gain UK, Alpari Uk, metatrader.com). I have used the services of 2 broker referral companies but that has not helped. Oracle Trader staff no longer respond to my emails.

I have not made a trade since christmas. I just can`t justify getting up in the middle of the night and waking up my wife to attempt to make a trade with so low a probability of success. The original sales pitch is very mis-leading in that they do not disclose how difficult it is to find a broker that this program works with some efficiency.

On top of all this, the monthly subscription of 299.00, (I believe) starts on Aug 1, 2011. There is no way that I will subscribe, even if the program starts working. I now understand why they will not allow refunds or allow a member forum.

Now for my sales pitch. If anyone is insistent on purchasing this program I will sell you mine for a deep discount. Unless you have deep pockets, I would not suggest you take me up on my offer. If you have deep pockets, I would appreciate the donation.

By: Ray K

Ray K — Tue, 07 Dec 2010 00:25:59 +0000

I have been using this software for 4 months now. I would not recommend it to anyone. First of all it was very buggy and their servers couldn’t handle the traffic, so many times I didn’t even get the info I needed to trade. They did fix this but other issues arose. They advertise this as telling you market direction, which it doesn’t. It only gives you market direction (if you can call it that) for a brief few seconds during a news event. The other people here are right about getting fills during news events, it can be very difficult and dicey. As well, many times there isn’t even a trade because their parameters aren’t met. I have been keeping track of their trade record and since August til October there were approximately 17 trades recommened on the platform and only on three of those were their parameters met for a trade. This does not mean you would have made money it just means you may have been able to if your trade got filled well.

I would stay away from Oracle Trader there are better ways to trade. You could do better just using simple trend line breaks with good stops!

These guys are a rip, somebody should sue them or report them to someone, if for no other reason than their false advertising about being able to tell you trend direction which they don’t!

By: cy

cy — Sat, 09 Oct 2010 04:21:01 +0000

Just a couple of added notes: The webinar was conveniently scheduled 1 and 2 days before NFP and one other big news release. In the webinar the person stressed how you have to act now so you do not miss out on the upcoming news events. This pressure has red flag all over it. Also, there was not one comment about broker or platform selection in regards to the execution speed required. Go figure. There is information lacking in my book and not presented well. In the beginning you are told he doesn’t want to waste your time during the webinar after which you have to sit and listen to some philosophical crap added in the mix during presentation.

By: cy

cy — Sat, 09 Oct 2010 03:59:26 +0000

Yes the software itself works but there is one issue that may explain why there is no refund: Every trade success is determined by how fast your broker is going to fill a trade. The trade obviously needs to be filled at that split second or you “miss the boat” if you are trading that news release. I have never made a trade that did not take about 3 or more seconds to fill let alone what happens during news events. Give me a break!!!

By: Ray Brinkman

Ray Brinkman — Mon, 04 Oct 2010 14:17:10 +0000

They were pursuing me to join, daily, until I did the sums -

Unless you have an opening pot of say $50,000, the number of trades multiplied by the controlled lot size will NEVER make enough profit to pay their Fee’s which in my opinion are extortionate.
Since this purchase is not covered by PayPal or Plimus’s Refund policy your chance of getting a refund is Zero in my experience

By: SLICK

SLICK — Wed, 29 Sep 2010 00:02:22 +0000

don’t buy the oracle trader till you have read this
the oracle trader first of all is only a half of the product you need what i mean by that is
it does not and will not fuction of it’s own and that’s the dirty lil secret
that you learn after buying it it’s only 50% of what you actually need to make it function
the mojority of the success of the oracle trader depends on the broker letting you in these trades
during news events and giving you a decent price at which brokers are notorius at ripping you off
during these events it is out right scaddleous that spreads increase 20 or 30 right b4 the event
so fast you didn’t even notice till your in and too f**kin late now chump now you pay the requote
the spread and some brokers plateforms freeze during news events not even letting you out
when you have a profit all these things are no where in the advertizment of the oracle trader so dont even buy it till you figure out your broker issues get the demo without autoclick free than open broker and play
with pennies till your sure of exucution and another thing how can you trust anybody with no customer service none that bullshit of live chat doesn’t cut it dont settle for nothing less than
phone number customer service live person , the oracle trader cost $2400 for the year and than will cost you $300 a month after that $300 a month did you hear me so you better be using some lot size just to pay for that there making money on some sort of affiliate program not on the performance of the oracle trader so i went with the 3 pay method you would think if it cost $2400 a year $800 which was my first payment would cover at least 3 month? gues what no! after the first month where i ran into all these issues and never enterd 1 trade with yes 3 broker mind you and still looking for the holy grail broker
they cut me off the auto click i contacted support yes submitted a ticket asking for a exstention seeing as i did pay $800 and am being absolutly ingnored so heres the math yes there’s about 30 news events a month the profit center of the oracle trader is only open for about 10 of those of those 10 only a few meet the safe deviation trade on the oracle trader of those few which is about 5 your broker better let your f**kin ass in ha of those 5 maybe 2 or 3 you’ll get in hope those lots are big to make a profit and pay for this shit unless you have a dynomite broker this is not worth while so it would be more honest for the oracle trader to already have a list of brokers since this is what there own software depends on so crutailly and yes i have seen there brokers these are the ones that have been failing me think or swim/fxcm/gain capital/forex.com/fxdd/ so i have tried multipal brokers