Is Tioga FX 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 Tioga FX
Tioga FX is a forex robot available on MQL5 website. The system is developed by Ozkan Kara from Turkey. It is an automatic trading robot that opens and closes orders.
According to the vendor, the product can be purchased at the rate of $195 with a 3 months rental option of $45. In addition, the system next price is pegged at $495.
Tioga FX claims to give advantage in the financial market with its expert strategy. Here, “the system uses mean reversion on end of US season and focuses only small and steady profits”.
Tioga FX: Reasons to Avoid this Expert Advisor
Firstly, Tioga FX 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 many customer reviews on MQL5 where the product is sold of which they all sound too good to be true.
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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
Tioga FX Trading Strategy
Tioga FX operates on fixed Stop Loss levels for every open deal on the market.
The system works with the following currency pairs AUDUSD, CHFJPY, EURAUD, EURCHF, EURGBP, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPUSD, and USDCHF. The vendor uses EURUSD for trading with a timeframe of M5.
Tioga FX Trading Results
The vendor provides back testing results for us to be able to estimate the system’s potential. According to the result, it had 1978 trades with 98.77% of the win rate for shorts and 99.56% for longs. The maximum drawdown was 17.99%.
We have discovered the system seems to perform good on a demo account which is not enough for traders. There is no real fund in trading.
Conclusion: Is Tioga FX a Reliable Forex Robot?
Tioga FX 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.
