This review looks at R Factor Forex robot and the services it offers, we go through their strategy, price and client feedback. Is R Factor EA a scam? We answer that question in this review. Read through our R Factor review to see what experts have to say about R Factor Expert Adviser.
Table of Contents
What Are Forex EAs?
An expert advisor (EA) is software that directs and guides you on what trades to make or pass on. It even automatically starts and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of an Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider many variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what they offer and other proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
R Factor EA Review
The R Factor EA was designed by Raphael Minato from Brazil. It was released on January 9, 2021 on the MQL5 platform.
How R Factor EA Works
In this section, we cover the strategy of the EA. We also looked at the trade result, if they provide any. For the trade results, we hold results that are posted on myfxbook to be standard, but we also consider fxblue and other alternatives.
The dev behind R Factor EA claims that it does not use Grid, Hedge, Averaging, and Martingale strategies
Instead uses a kind of scalping strategy.
R Factor EA Price
$499 and three-month rent for $150
Client Feedback
Customer feedback is a vital instrument for us to offer a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We could not find many reviews by customers who had used R Factor EA before, at least not enough to form a conclusive decision.
Conclusion
R Factor lacks the kind of transparency we would like to see behind an EA. At the time of this writing, R Factor does not satisfy us with gaps between what it promises and what it delivers. Because of lack of feedback, we couldn’t gauge the satisfaction of the customers.
We do not recommend using this EA.
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Strategy: Scalping
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