Review of the Forex Trading Buddy EA
Launches June 15, 2010
| EA Name | Currency Pairs | Timeframe | Strategy | ECN | 4&5 Digits | Take Profit | Stop Loss | Home Page |
| Forex Trading Buddy | EURUSD /GBPUSD | Unknown | Scalping + Long | Yes | Yes | 30-40 | 70-100 | Forex Trading Buddy |
Performance ( Forex Trading Buddy EA Test Results)
License
Forex Trading Buddy is being sold through plimus. Price is unknown but there does appear to be a protection system on this one to prevent sharing/refund abusers.
Strategy
Forex Trading Buddy is a scalper that claims to reduce risk compared to other scalpers on the market by adding additional indicators for safer entry points and to help avoid dangerous entry points. On top of the scalping, there appears to be a 2nd strategy that strives on long trading for bigger profits. I guess we will see just how well these two strategies work together.
Recommended Brokers
FX Open and Iam FX are two great brokers for running robots with their tight spreads and great execution time during all hours of the day.
Conclusion
The developer of Forex Trading Buddy claims to have traded this EA live from april 7th to now profiting about $1400 on a $5000 initial balance. He even says that these results are during highly volatile market conditions, and that if the markets stabilize that the EA has potential to make a lot more. We will see 😉
Safe To Buy?
YES!
Forex Trading Buddy has been approved for purchase because of its 60 day money back guarantee with plimus.
Overall Rating
Is there anything to learn before starting forex trading for success? Or it is totally depend on one’s fate?