FX Seven Pips EA is a new automated trading software recommended for trading Forex pairs like USDCAD at M30 time frame and with an undisclosed strategy. FX Seven Pips EA does not require any experience to use, it can work on any MT4 and offer professional default money management. The developers of the software claim to be one of the leading development service specialized in the professional and high quality programming solutions. Now this is a very serious claim and one this developers failed to prove. So if you are still wondering whether it is prudent to buy a Forex robot from them be sure to read the following lines.
What is FX Seven Pips EA? Either is a FXSeven Pips EA scam or legit?
FX Seven Pips EA is a program that claim to automate Forex trades. It’s like putting a plane on auto pilot. Traders can sleep through the night calmly knowing that their trades will be placed exactly at the times they designated. Sounds easy, right? For more details, please continue reading our FX Seven Pips EA review below.
Meanwhile, alternative to this FX Seven EA software is the DaxRobot.com.
FX Seven Pips EA Review – Expert Scam Investigation
- Forex robots like FX seven Pips EA are getting a lot of hype of late and Forex robot scams are not far behind. FX Seven EA claims cumulative profits of +214.31 on FXBlue. These claims are usually based on a very narrow window where the particular product was successful and not on a long term use of the Forex robot.
- Forex robot like FX Seven Pips EA can only be as smart as its creator. The creators of these systems are looking to make a quick large sum of money and are not looking at the fact that the most predictable thing about the Forex market is the changes you cannot predict without watching the changes carefully. Anyone who knows the Forex market well and understands it will recommend a live person with their own trading strategy and then and only then does it make sense to automate any of it.
- The companies producing Forex robots like FX Seven Pips EA often rely on very broad, small print disclaimers to keep them out of trouble for promising tremendous results when those results are unrealistic in the long term.
- Most Forex robot scams are easy to pinpoint and would seem obvious to any investor. But even with blatant false promises of huge profits “while you sleep” millions of dollars are dropped into these Forex robot scams every day.
FX Seven Pips EA Strategy
During our reviews of FX Seven Pips EA, we saw that the vendor fails to provide convincing information on the strategy used by the FX Seven Pips EA. We did not see them mention important strategies for technical analysis and risk management systems.
With many options for traders to figure out how to follow trends on forex currency pairs as well as commodities and other instruments, the most trusted form would be to follow the charts. Traders that use charts are labelled as technical traders, who prefer to follow the accuracy of charting tools and indicators to identify peaking trends and price points as to when to enter and exit the markets.
Best Forex Brokers will guide you in reading price charts and predicting their accuracy. They will help you launch your trading career and outline a few tips to assist you in understanding and reading charts.
FX Seven Pips EA Result
FX Seven Pips EA provided a single FXBlue account showing how the robot is performing. The problem is that Forex robots are run based on automated mathematical algorithms, not taking into account things like market conditions that vary with political issues, weather and other factors. The inconsistency of the market is impossible to program into a robot, and therefore the results of Forex robots are inconsistent as well.
Our best advise
Because Forex trading is still relatively unregulated, the number of scams seem to be ever-increasing. One area in which this happens on a regular basis is with automated Forex trading bots. Many of the systems make some pretty unrealistic claims, and promise a successful trading career, even when you’re asleep. They even seem to be able to publish positive results on their sites. However, a word of warning: These amazing results are often the result of back-testing, or based on hypothetical results.
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- FX Blue Result
- Low price
- Poor strategy insight
- Unprofessional website