Is Forex Evolution EA reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex robot is worth your money or not.
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About Forex Evolution EA
Forex Evolution EA is a forex robot available on MQL5 website. The developer of the system is Guillaume Duportal from UAE. It is an automatic trading robot that opens and closes orders.
According to the vendor, the product can be purchased at the rate of $999 with 1 year rental option available at $690.
Forex Evolution EA claims to give advantage in the financial market with its expert strategy. Here, ……..
Forex Evolution EA : Reasons to Avoid this Expert Advisor
Firstly, Forex Evolution EA is a forex robot that fails to pay attention to details. The sale pitch of this Expert Advisor shows some transparency issues with the product.
Secondly, the system has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
More so, the customers’ feedback is pretty worrisome. There are customer reviews on MQL5 where the product is sold of which they all sound too good to be true. We do know positive comments are ways to lure traders into have high trust.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
Forex Evolution EA Trading Strategy
Forex Evolution EA discusses nothing on its strategy.
The system operates on the recommended currency pairs AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, and USDJPY with a timeframe of M1.
There is recommendation of $200 minimum deposit.
Forex Evolution EA Trading Results
The vendor provides back testing results for us to estimate the system’s potential. According to the result, it 185 trades with 89.12% of the win rate. The maximum drawdown was 2.64%.
From the trading result provided, the system had 14 deals with a best and worst trade €85 and -€52.18 respectively.
Conclusion: Is Forex Evolution EA a Reliable Forex Robot?
Forex Evolution EA does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
More so, not guaranteeing forex traders a refund for their money if the system does not prove trustworthy as it claims is a con.
Because this EA does not consider it necessary to provide information, we do not recommend this forex robot for trading.
Kindly share your comment about this broker in the comment section.
