Tom’s EA Review

Tom’s EA is a leading robot that has had great success and fanfare. This “mirror trader” can be used through Tradency with FXDD or FXCM so you don’t have to do a thing! Once the account is funded you can let their experts run it from there.

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.

Here is a link to our own live account that has done very well since December 2011 and another link to their live account running since August 2011.

Tom’s EA Claims

1. Tom Flora is an actual money manager who uses this EA to manage his customers’ funds
2. Tom’s EA has been returning 8-12% per month for the last six months, and positive trading results since its inception almost two years ago
3. Simplified with only two configurable settings: risk (low, medium, high) and how many currency pairs you wish to trade
4. Offer the EUR/USD, GBP/USD, USD/CAD, USD/JPY, EUR/JPY, and the AUD/NZD pairs

Tom’s EA Package

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.

[Tom’s EA Sales Page]

Conclusion – Tom’s EA Review

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. All in all I think this is one of the best automated trading opportunities I have seen to date.