Forester Forex EA Review Is ForesterForex EA A Legit Trading Robot

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Forester Forex EA Review: Is this EA for Real or Scam?

Forester Forex EA Review: Is this EA for Real or Scam?

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Last Updated: Jul 23, 2020 @ 5:45 pm

Forester Forex EA is a new expert advisor aimed at people who are tired to learn about Forex trading and are looking for solutions that can help them generate returns on auto pilot. The owner claims that is the internet’s number one forex robot that is currently driving traders around the world wild. The developer claims that they have alpha tested, beta tested and released the robot privately to our small group of traders. They also claim that feedback has been intense and people are dazzled by the strength and accuracy of the software, and nearly everyone is saying they haven’t seen anything like it.

The developers of the software claim that they’ve created a cash generating robot that is the perfect solution for a trader looking to seek out profits. Today we will be providing a review, and letting you know if this is a viable opportunity or not.

The website was first registered in 2020, but this product has only been trading for around two months, so it’s likely they purchased an old domain, or was holding onto this for some time before putting out a product. The vendor provides no information about their identity, trading history, or location. In order to get in touch with support, traders can email [email protected]

Note: Take advantage of these legit trading tools.

Forester Forex EA Review

The developers advertise the Forester Forex EA as the “Internets number one Forex robot that is currently driving traders around the world wild.” Obviously this is an aggressive marketing page, because we know for a fact that this is not the number one Forex robot, nor is it even close. This is not a major concern, but it does go to show that the vendor is willing to blatantly lie about their product, in order to acquire more clients.

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The vendor claims to have tested the robot privately with a small group of traders. This process went very well, and the general consensus from the testers was that the robot is quite unique, and unlike anything they’ve seen before in the Forex marketplace. We do believe that this beta testing process is likely just a marketing story as well, since we’ve heard it so many times from vendors in the past trying to convince us that they have the best Forex robot.

How does the Forester Forex robot work?

Strategy is a Great question. The Forester Forex EA is based on a set of complex algorithms that Works on EURUSD and GBPUSD. Result? A highly accurate, highly intelligent and highly lucrative robot that is able to make you thousands of dollars per month. The best part is that you don’t even have to lift a finger. The Forester Forex EA is 100% automated and has been tried and tested throughout various trailing periods with great success. It has been entirely responsible for the massive amounts of wealth I have accumulated these past few months, and it’s still going incredibly strong.

We created the bot with one goal in mind: To make forex trading easier. We were tired of the incredibly high learning curve required to enter the forex market. We wanted to change the game with an incredibly innovative robot that would ‘literally’ do the hard work for you and open the playing field to all.f the Forester Forex EA

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According to the sales page, the Forester Forex EA is based on a set of complex algorithms. Sadly, this is the only sensitive that pertains to the methodology behind this Forex robot on the entire website. The vendor needs to provide much more detailed analysis of the software, to give the community a better idea of how it works. The days of providing one or two sentences are gone, and as far as we are concerned that’s a good thing. Traders should expect a basic understanding of any automated trading software they purchase in 2020.

Robot Analysis

Type: Forex Robot, Price: $149,Strategy: Undisclosed, Timeframe: M5, Pairs: EURUSD and GBPUSD.

The Forester Forex EA comes in three different packages. All the packages provide traders lifetime access to the software, free updates, an instant download and 24/7 support. The only difference is the amount of licenses the comes with the package. One license costs $149, two licenses cost $199 and four licenses costs $249. The program also comes with a full 30 day moneyback guarantee, so that you can test the software for limited time and return it if you aren’t happy with the service.

Trading Results

The vendor provides a single FX Blue Forester Forex EA account, that’s been running for about two months. This account is showing a total return of 160%, with a drawdown of 50%. The software trades 3.2 times per day, with the average traade length coming out to 2.5 days. The win rate for EURSD trades is 61%, and for GBPUSD 67%. The average win ranges from 22 to 31 pips, and the average loss ranges from 26 to 40 pips, which makes for an acceptable risk reward ratio, especially when you are winning around 64% of your trades.

From what we can tell so far from this account, is that it’s being traded very aggressively. A 50% drawdown is very high, but so is the total return.

To be sure that the numbers are realistic, we would prefer the vendor to upload this statement to Myfxbook as well. We find that verified Myfxbook accounts are much more reliable at this juncture.

Is there any Feedback?

There is no real client feedback at this point in time, as the robot has only been on the market for a couple of months.

Please check back from time to time, to see if the community has left any comments here, as they do on other reviews like Forex Draw EA and Hi-Tech Trader.

Our best advice for you

It’s really too early to determine the viability of the Forester Forex EA. As it stands, we would like to see much more information from the vendor before we purchase a copy. We would like to know the strategy behind the software, and see their trading account on Myfxbook to ease our nerves. In the meantime, these trading products are ideal.

Expert Advisors Reviews

The Forex Fury EA is a product which you may have heard about. The team behind it runs a website, which reviews other Expert Advisors and recommends two of their own. In this review, we will give you our unbiased opinion on the Forex Fury EA.

Strategy

The underlying strategy of the Forex Fury EA is not fully (or partially) disclosed. While nobody expects a vendor to freely reveal the code behind their project, at least a simplified explanation of what the system does will go a long way towards building credibility.

Update: We were contacted by the developers of this robot and managed to clear a few things. While we initially thought this system had grid-like elements, we were wrong. Here is an illustration, of the suspicious activity, which led us to that conclusion:

In reality, the system simply opens multiple positions at similar prices. This as the effect of increasing the total number of trades. They are later closed, after reaching a relatively close target (usually around 5 pips). The losing trade, illustrated in the previous picture was supposedly due to a server issue and other users of the system, should have experienced much smaller losses.

The Forex Fury EA usually closes winning trades within several hours, while the losers a kept open for a longer period of time, as shown here:

We must reiterate, the loosing trades shown here are the ones allegedly due to the technical difficulties.

The Forex Fury is basically a scalping system, which opens trades at the end of the US trading session. While it isn’t a pure Night scalper, this robot occasionally keeps trades opened during the Asian Session. These strategies are usually very broker-dependent, as a slight increase in the spread (being due to slippage or requiting) can drastically change the performance of such a system.

Historical Performance

There are a lot of issues when it comes to the historical performance of the Forex Fury EA. It is currently tracked on a demo account at Think Markets. This is never a good sign and while there was another live account associated with the system a few years back, it isn’t currently functioning. All of this, combined with the method of statistical manipulation described above, leaves a negative feeling about the system, before we even get to the growth chart. Here it is

This is a prime example of a gimmicky EA’s equity curve. The slope is too flat to be true, with minimal deviations and then a massive drop follows. The Forex Fury may have some built-in emergency risk mechanism, which prevented it from blowing-out the account completely.

Let’s take a look at the drawdown chart:

It basically confirms all our assumptions and suggests the emergency “close everything” limit may be set at a 20% drawdown. This will probably be one of the few positive things about this system.

When it comes to the average pips/trade value, the Forex Fury EA scores a mediocre 3.8 pips. As you may know, if you have read any of our other Expert Advisor reviews, we consider 3 pips/trade to be the absolute minimum, below which you should not even consider using a system. On the other hand, the 5 mark is a bit more solid and while not many EAs overcome it, some, like the FXCharger do.

Pricing

The Forex Fury can be acquired for a single payment of $229.99. This will grant you a single live account license an unlimited demo accounts. Additionally, two accounts can be activated for $439.99, granting you a $20 saving.

Bottom line

The Forex Fury is a scalping system, which occasionally holds positions opened during the Asian Session. The two major risks involved with such a strategy are broker-dependency and the fact loosing trades are kept open for much longer than the winners. Again, we must reiterate the major losses occurred by the EA are supposedly due to a problem with the server. While there appears to be a hard-stop level at 20% drawdown, we generally do not believe in the long-term viability of such systems.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
UK FCA Web €29 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
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ProRealTime,
2Dealer
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UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
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Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

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Best Forex EA Robots 2020

We take a look at the three best Forex EA robots you should be using right now.

Our Forex EAs are doing great things. With the dollar rising they were able to find some very large pip trades. But three Forex EAs really stand out from the rest. Let’s take a closer look at the best Forex EA robots you should be using right now.

The Best Forex EA Robot is….

The Hedge Forex EA Robot is king. It earned an impressive $ 34,248.40 . It performed great across several Forex pairs. When the dollar took off mid-month, it found a $1700 trade on EURUSD that was legendary.

You can expect more of the same in the future. It’s one of the best Forex EA robots because it can hedge its own positions. That means you’re getting double the Forex trades.

Volatility Is A Good Thing

Our Volatility Forex EA Robot came in second with $ 32,144.80 in trade profit. Increased trading volume and several big news items created the perfect conditions for it to thrive.

Volatility can make you a lot of pips in a short time. But most new traders get burned badly on their own. This Forex EA robot fully automates a proven volatility system. That’s why it’s one of the best Forex EA robots for new Forex traders.

One Of The Best Forex EA Robots Ever

The beastly Pterodactyl Forex EA Robot took third place with $ 31,200.90 in pips. It honed in on USD pairs and found a large amount of easy trades. That’s why it’s in use daily by over 1,000 traders.

Not only is it one of our best Forex EA robots of all time, it’s also one of the most advanced. It’s a big boy with over 4,000 lines of code. It’s still one of the only Forex EA robots that can automate fractal calculations in real time with true accuracy.

Get All Three Best Forex EA Robots

You can get all three of these best Forex EA robots in our new Build Your Own Bundle. Our automated Forex EA robots can help you trade better instantly. There’s no time to lose.

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