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Forex GBP Avenger Review

November 11, 2020 by Forex Winner Leave a Comment

Forex GBP Avenger

Today’s review will be about a Forex GBP Avenger robot.

The site looks like this. It seems there was much content, but something’s happened with data. The developers didn’t care about fixing this issue.

Forex GBP Avenger presentation
Forex GBP Avenger presentation

It’s how their site looks in Google search – no meta description.

Forex GBP Avenger video

If we memorize correctly, there should be a video with explanations and examples of how cool they are, but now, no luck.

Detailed Forex Robot Review

Forex GBP Avenger about

At least we have some text that was not removed with pictures and videos.

  • The robot is a fully automated trading solution.
  • The company unites traders and developers from China, the US, Russia, and India. 
  • Most likely, Forex GBP Avenger was built around Elliott’s wave theory. 
  • It opens trade during the most active markets opened: European and American.
  • The EA works with many(?) cross pairs.
  • It can adapt to many market conditions.
  • The robot has been backtested to make sure it’s a profitable trading solution.
Forex GBP Avenger trading solution

From this block, we found out that the robot performs a scalping strategy.

Clicking “Learn,” we went nowhere: the page is just reloaded.

Forex GBP Avenger Learn

This template text, we can see instead of questions and answers in the FAQ. The devs don’t provide updates, so it tells much about them and their service.

Forex GBP Avenger FAQ

There were pictures with numbers.

Forex GBP Avenger Strategy Tests

The devs mentioned that the robot was “tortured” on the backtest, but we couldn’t find them.

Real Live Account Trading Results

Forex GBP Avenger Real Live Account Trading Results

The presentation includes a chart block. As we can see, the EA trades unpredictably.

Forex GBP Avenger Myfxbook

Let’s take a look at the real USD account on IC Markets. It used Technical indicators and traded automatically with 1:400 leverage on MT4. The account was created on July 10, 2019. For over a year, the absolute gain became +187.77%. An average monthly gain was 8.09%. The maximum drawdown wasn’t high (16.51%). 

Forex GBP Avenger advanced statistics

The EA traded 815 deals with 2819 pips. An average win (17.84 pips) is just a bid behind an average loss (-25.73 pips). The win-rate was between 64% and 69%. An average trade length was up to six hours. The Profit Factor wasn’t high as for a scalper (1.25). 

Forex GBP Avenger trading results

Forex GBP Avenger traded ten symbols and skipped trading EUR/USD.

Forex GBP Avenger trading results

The robot worked during the closing of an American session and the opening of an Asian one.

Forex GBP Avenger trading results

The robot opened little trades on Mondays because of a lack of market data.

Forex GBP Avenger trading results

The EA stopped working, having traded with descending risks to the account balance.

Forex GBP Avenger trading results

As we can see from the sheet, the EA opens many Hedge trades with the same TP levels.

Forex GBP Avenger monthly gain

Trading results vary so much, depending on the month. The developers decided to stop and withdraw the account.

Pricing

Forex GBP Avenger Pricing

There should be packages, not a single one. The last one costs $300. It allows trading on one real and only one demo account. We can receive free updates only for the first three years (it’s nonsense). There’s a 30-day money-back guarantee.

Forex GBP Avenger

Having proceeded to the Refund Policy page, we’ve found ourselves on a 404 page.

Customer Reviews

Forex GBP Avenger Customer Reviews

The site is enhanced by fake reviews without people’s photos and with suspicious positions.

Forex GBP Avenger Customer Reviews

There’s an Abandoned Test on FPA. Their page doesn’t include any people’s testimonials nor rates.

Forex GBP Avenger Review
Review Summary

It’s never been a good and stable scalper. It grows the account but with huge ups and downs.

The developers tried their best to hide all important information about the robot: like money-management, SL, TP, risks settings, account requirements, ECN, VPS requirements, and many others.

The site itself looks completely abandoned and screams that this service isn’t available anymore. After checking the Refund page, everything became clear for us.

Advantages
No pros
Disadvantages
The site was abandoned
No team revealed
No settings explanations provided
No money-management advice provided
No strategy explanations revealed
No backtests performed
Horrible trading results
Trading was stopped half a year ago
Fake people feedback provided
The FAQ is just a site template
The Refund Policy page doesn’t exist
3

Filed Under: Forex Robots, Review

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