Forex Robot Reviews

Forex Luger EA Review (ForexLuger Results)

 

EA Name Currency Pairs Timeframe Strategy ECN 4&5 Digits Take Profit Stop Loss Home Page
Forex Luger EURCHF M5 Scalper Yes Yes Unknown Unknown Forex Luger

Performance (Forex Luger Test Results)

Vendors results are all backtests. Very surprising they don’t have atleast a demo forward test running especially considering this is a scalper.

License

$99 through PayDotCom, exact licensing/account limitations are still unknown.

Forex Luger Strategy

Scalps pips on smaller timeframes by taking reversal trades during subtle market times. Looking at their backtest it seems as though it is capable of hanging on to positive trades for more than just a few pips as I am seeing some 20+ pip wins. Risk to reward ratio looks decent.

 

Recommended Brokers

FX Open and Iam FX are 2 brokers to check out for trading forex robots.

 

Conclusion

Do not go live with this without extensive demo testing, even after that becareful as no real results can be found from this system. As we have experienced from scalpers like mega-droid, when it loses it can really hurt. Their backtests show some moderately high drawdowns and these backtests are most likely highly optimized as well. So becareful!

Safe To Buy?

MAYBE!

I don’t have much experience with PayDotCom, but the vendor is claiming to be offering a 60-day money back guarantee.

 

Forex Luger Overall Rating

No comments currently exist for this post.
Leave a Reply:





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