Fly Higher Nova is a trading software that places and manages trades on autopilot. The EA was built for trading on the MetaTrader 4 platform.
According to its developer, the robot has assisted more than 5000 traders to get good results and that it could assist us too should we consider using it.
The vendor attempts to assure us that the system has the capability of increasing our wealth in a short time.
Detailed Forex Robot Review
The robot is run by Fly Higher Nova (Pty) Ltd with registration number PV00223299. The company location address is No.14/5, 15th Lane, Ekala Road, Ja Ela, Sri Lanka. The vendor can be contacted through a phone call or via email.
According to the information on Flyhighernova.com, the system can achieve average minimum weekly returns of 20% and is accepted in 180 countries.
It can trade on EURGBP, EURJPY, GBPCHF, and USDJPY, work on any timeframe and can run on any account balance. Traders can trade with a fixed lot size or let the EA decide the lot size to use according to the account size.
The robot has automated updates of SL and TP as well as trailing SL and TP mechanisms.
Fly Higher Nova Strategy Tests
There is no explanation on the trading strategy that the software uses. However, we are told on the website that the EA uses advanced calculations to open and manage trades along with TP and SL.
There is no backtesting report provided by the developer. It’s a red flag for this EA because we can’t tell therwhether it works or not. Backtesting data helps us to analyze the past performance of a system before making the decision to buy. When it’s not provided, we have no choice but to put the EA aside.
Live Account Trading Results
There are no live trading results provided by the developer. We wonder how the developer wants us to believe his EA does provide 20% of weekly income if neither backtesting nor trading results are provided.
The EA has two packages one for monthly and the other for yearly subscription. The monthly plan costs $320 and the yearly goes for $500. Both packages come with free updates, support, video tutorial, and user manual.
Although the vendors offer a money-back guarantee, there are certain conditions included:
- The requests should be made within 24 hours of the date of purchase. You must submit an Affidavit of Software Destruction within 2 days of the purchase date.
- You must also destroy all copies of the software you may have made or stored in any place, as well as uninstall the software from any computers owned or controlled by you where you have installed the software.
There is no customer feedback related to this trading system on major review platforms like FPA and Trustpilot.
However, on the developer’s website, we can see screenshots of conversations between the vendor and the customers. We cannot rely upon such feedback to get a clue of what customers say about a system.
There is nothing that can entice us to subscribe to this robot. The developer needs to make some adjustments to the presentation of the system. Information like strategy, backtest data, and trading results should not be missing. With that said, we ask traders to stay away from this trading tool for now.