Forex robots have become a staple addition to the tools that Forex traders consider as crucial for their success. This is why there are plenty of such systems online. However, not all such expert advisors are effective. Exynox Scalper is a Forex trading tool that claims to give high profits in a quick and simple way.
This indicator system boasts of becoming the unique key to open the doors to higher profits. Are the claims of this Forex trading system by Karl Dittman true? Can you trust this Forex robot to give the returns it claims? You will get the answers to these questions below.
Detailed Forex Robot Review
Developed by Karl Dittman, this indicator is for amateur and professional traders. It uses diverse timeframes ranging from M1 to M30. Regarding the trading approach, this software uses a special algorithm that identifies accurate entries and exits.
The system operates in three modes which can be chosen based on the comfort level of the trader. With the conservative and medium approach, safety and risk are not high. But, with the aggressive mode, there is a high risk.
Features of this indicator include accurate signals without repainting, rapid profits on the various timeframes, customized mode, and a smart exit system. Notification alerts are sent to the user via phone, email, or through the MT4 platform.
Recommendation on the minimum amount required as the balance is $100 with certain brokers. But, the developer prefers an initial deposit of $250 at the least for a better trading experience. While an email address and contact form are provided, the developer does not reveal info on the location or phone contact. We would prefer more transparency in this aspect as the contact details help ensure the reliability of the system.
Exynox Scalper Strategy Tests
Except for stating that it is a unique algorithm and the scalper term attached to Exynox, there is very little info found on the approach used for trading. Backtesting results are not found on the official site, which correlates with the lack of trading strategy info.
Instead, the developer provides several screenshots of trades executed. Since backtests or strategy tests give vital data related to the performance of a system, not providing them is a shortcoming we would like the developer to rectify.
Live Account Trading Results
Karl Pittman does not provide verified trading results. He reveals that the system can be operated using a demo account initially and later switched on to a real account. And, there are screenshots of the profits generated by the system under different modes, timeframes, and with different pairs. But, these are unverified. We need info on the gain, drawdown, risk to reward, and other aspects of the trading to arrive at a conclusion of the performance of the indicator.
The full Exynox Scalper package is available now at a discounted price of $147. Its regular price is shown as $395. Some of the significant features in the pack besides the trading algorithm include one real live account, reliable signals without repaint, and 24/7 email support.
A 60-day money-back guarantee is offered with this system. Compared to the prevailing indicator prices in the market the slashed price is reasonable. But, without verified trading results we do not consider this system worth the price it is tagged at.
Other than the reviews posted on the official site, we could not find feedback from users on reliable sites like TrustPilot, Forexpeacearmy, etc. Since there are high chances of reviews posted on the official site being manipulated, we prefer reviews from trusted third-party sites. The absence of user feedback reflects poorly on the efficacy and dependability of this indicator.
Automated systems in Forex have made trading easier and profitable. While this is an indisputable truth, not all systems can provide the results you look for. From our Exynox Scalper review, it would be clear to you that the system has several downsides.
Traders would prefer to know about the strategy used by the developer. Since this software does not divulge this info, we do not think it is reliable. This is further confirmed by the absence of verified trading results and strategy tests.
With just the trading results and user feedback put up by the developer, it is not possible to assess this system. While the price looks nominal, we would like all the main shortcomings to be addressed properly before we could recommend this indicator.