Review of the Forex Herd EA
| EA Name | Currency Pairs | Timeframe | Strategy | ECN | 4&5 Digits | Take Profit | Stop Loss | Home Page |
| ForexHerd | EURUSD/ USDCHF/ EURGBP/ GBPUSD/ USDCAD/ | 15 Minutes | Scalping | Yes | Yes | 6 pips | 60 pips | www.forexherd.com |
Performance (Forex Herd EA Test Results)
License
ForexHerd is sold for 129$ through Plimus
Forex Herd Strategy
The Forexherd default target is 6 pips and stoploss is 60 pips. So thats a 10:1 risk ratio!
We still have not obtained a copy of this robot, but from what we could gather, it scalps during the asian market on 15 minutes time frame.
Forex Herd Recommended Brokers
FX Open and Iam FX are two brokers to consider when trading forex robots.
Conclusion
Ok folks, this could be a Scam
The website does not look hyped at all, but perhaps the reason behind this goes back to the seller not knowing how to hype rather than being so honest!
They show over 10 years of backtests on their website for all currency pairs their robot trades, as well as a forward test (Demo) starting from April 21st 2010. But note that backtests are not fully presented. Also check their live stats, it shows trades of GbpChf and EurChf which are not even included or mentioned as one of the pairs their robot trades on their website.
So as far as transparency, I would give it a 2 out of 10 rating!
Safe To Buy?
MAYBE!
Forexherd has not been approved for purchase, but I have listed it under the “Maybe” category just for the fact that they use plimus as a payment method. Beware that refunds may be a big headache with these guys as their refund policy is “conditional”.
Forex Herd Overall Rating0
