Forex Robot Reviews

Forex Fish Robot EA Review

Review of the Fish Forex Robot EA
 

EA NameCurrency PairsTimeframeStrategyECN4&5 DigitsTake ProfitStop LossHome Page
Forex Fish RobotEurUsdN/AHeavy MartingaleUnknownYesUnknownHUGE risk limitationwww.fishforexrobot.com

Performance (Forex Fish Robot EA Test Results)

License

Forex Fish Robot is being sold for 97$ through Plimus

 

Fish Forex Robot Strategy

Forex Fish Robot uses a heavy Martingale strategy, The EA would open a trade for say 2 lots depending on the number of lots you set it up to trade at first. Then if the trade stopploss gets hit, The EA will open 10 lots (5 times more than the previous losing position). We don’t want to go into further details on this and will end it here. This Strategy is a “Margin Call Lover”

 

Fish Forex Robot Recommended Brokers

FX Open and Iam FX are two brokers to consider when trading forex robots.

 

Conclusion

Rita “The Vendor” does not show much transparency on her website,  just a a couple of screen shots, one for her backtest and the other is for a couple of days of trading on what she claims to be a “Real account” with targets and stoploss being hidden (as if someone would ever figure out her trade logic by looking at the stops and targets). All that makes us even more turned off. 

As far as transparency we would give this a 2 out of 10 rating.

   

Safe To Buy?

NO!

Just don’t waste your time… High Risk Martingale EA… Fishy Vendor…

 

Fish Forex Robot Overall Rating

1 Comment
    Leave a Reply:




    Top 5 Performing Forex Robots
    Top Rated Brokers
    BrokerRating
    HotForex
    (4.61 avg of 366 votes)
    FxOpen
    (4.42 avg of 316 votes)
    IamFX
    (3.39 avg of 271 votes)
    FxPro
    (3.00 avg of 77 votes)
    AvaFX
    (2.92 avg of 79 votes)
    Recent Posts Recent Comments

    Disclaimer: This website is independent of Forex Brokers and Forex Software showed/reviewed/talked about on here. Before trading with any of the brokers or software potential clients should ensure they understand the risks and verify that the broker is properly licensed. The website does not provide investment services or personal recommendations to clients to trade forex. Information on ForexFBI.com should not be seen as a recommendation to trade forex or a be considered as investment advice. ForexFBI.com is not licensed nor authorized to provide advice on investing and related matters. All information displayed on this website is for educational purposes only. The potential client should not engage in any investment directly or indirectly in financial instruments unless (s)he knows and fully understands the risks involved for each of the financial instruments promoted in the website.In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all. Potential clients without sufficient knowledge should seek individual advice from an authorized source. In accordance with FTC guidelines, ForexFBI.com has financial relationships with some of the products and services mention on this website, and ForexFBI.com may be compensated if consumers choose to click these links in our content and ultimately sign up for them. Forex trading entails significant risks and there is a chance that potential clients lose all of their invested money