Forex Olympus is a trading solution that promises to assist the trader take advantage of the Covid-19 pandemic to generate large amounts of profits. According to the developers, the system is a potent indicator that applies a predictive algorithm to increase the trader’s profits consistently. They further claim that the software makes sure that the user’s trading is covered in all angles enabling them to enjoy their experience.
Detailed Forex Robot Review
The presentation of Forex Olympus is focused on alluring the trader to invest in it. In this regard, the vendor indicates that the system makes big profits, offers it at discounted prices, highlights its features and shows positive customer reviews.
Rita Lasker and Green Forex Group are the developers behind Forex Olympus. Unfortunately, we know nothing more about this team. We could not find any additional information about this company as they have not provided their credentials on the system’s official website.
The features of Forex Olympus are listed below:
- Is fully automated
- Provides buy/sell signals
- Has a smart notification system with 3 kinds of alerts namely pop-up alerts, email alerts, and push notifications
- 24/7 online customer support present
- Provides signals without repainting
- Runs on the MT4 platform
- Trades with all major currency pairs
- Works on the M15, 30, H1 and H4 time frames
Forex Olympus performs trade for the user automatically. It particularly supplies you with buy/sell signals. Therefore, a trader interested in the product is advised to pay up and a download link will be made available instantly. With a small deposit of as little as $100, the account can be activated to begin trading.
Forex Olympus Strategy Tests
Forex Olympus basically relies on trend power detection to identify trading opportunities. The trader has the option of configuring the system to their preferred trading mode; moderate, neutral, or intense. The modes represent a certain risk level.
Notably, the developers do not provide a detailed explanation of the strategy used. To say that we are disappointed is an understatement. They would have at least made an effort to give us a brief description of what the approach focuses on including the indicators it tracks or the data it relies on. Furthermore, they do not indicate how the strategy changes based on the trading mode chosen.
Backtest results are missing. Again, this vendor has disappointed us big time. The lack of this data denies us the chance to assess the system’s past performance and hence gauge if it is profitable in the long-term. Consequently, we cannot tell if the trading strategy it applies is effective or not.
Unverified Live Account Trading Results
Rather than posting verified live trading results from a trusted site like myfxbook.com, the vendor has decided to furnish us with screenshots of trades done by the system. One such snapshot is provided below:
As we can see, there is not much info on the images. We can only see the pips gained, currency pair used, and time frames. Clearly, the vendor does not want us to know the overall performance of the system in the live market. This is why they have not supplied us with other trading metrics like lot sizes, drawdown, balance, profit, etc.
Forex Olympus is offered in 2 distinct packages. The Forex Olympus Indicator pack previously cost $429, but is currently being sold at $129. This new offer will remain open until the owner sells 300 copies. The Forex Olympus kit, which is the robot package, is priced at $228. Both plans feature a life-time license and a 30-day money-back guarantee.
There are several customer reviews on the system’s official website. However, we did not give much thought to them. They could be fake and developed by the vendor to entice unsuspecting traders. We thus scouted trusted third-party sites like Forex Peace Army, Trustpilot, and Quora for user reviews but could not find any. Therefore, we are unaware of traders’ experiences with this software.
Forex Olympus looks more like a scam than the real deal. The vendor has decided to operate in secrecy as evidenced by their failure to produce their credentials, verified trading results, and backtest data. Therefore, they cannot be trusted. Furthermore, we do not have reviews for this system on trusted third-party sites.
So, we do not know exactly how users feel about it. In light of this, we ask traders to stay away from this system if they do not want to lose their hard-earned cash.