With the key objective of attracting traders looking for trading systems that use new strategies, FX Delta offers a trading system and indicator product that claims to profit from market trends. This system works by using signals of high probability via various trading basics such as volume, divergence, etc. Is this system as effective in bringing traders profits as it claims? Read our detailed FX Delta review to find out about the system and our recommendation.
Detailed Forex Robot Review
Launched in 2016, the FX Delta system has undergone several changes now according to the official website information. The new version is called FX Delta 2.0 and is supposed to have better performance, functionality, and user-friendliness. Yordan Kuzmanov, a leading trader for the Traders Academy Club is the developer of this system.
Based on the vendor claims, the system can assess and identify powerful trends triggered by major financial institutions and differentiate them from false or weak trends. This system helps spot optimal conditions in corrective phases for pullback execution.
Additionally, this proprietary system is aimed at both experienced and beginner day traders. The main features include a user dashboard, intuitive features for trading, and additional filters for optimal trading. A user guide and video tutorial on the site helps users to learn more about the system. It works by scanning the trends in longer timeframes and spotting corrective market phases in the shorter timeframes. This approach helps to minimize risk and make successful entries.
The minimum amount needed to start trading with this system is $500 to $1000 and the vendor recommends using a demo account for practice before venturing into real account trading. What the vendor omits in the explanation about the system is that it is not a fully automated system. The slew of features explained is to help users decide on the settings and execute manual trades.
FX Delta Strategy Tests
No backtests are provided on the official site. We find this suspicious given the fact that the vendor is an experienced trader. Backtests help users assess how a system works and whether the profits assured are possible. Even if historical data cannot predict future performance, backtests form a key factor in assessing a trading system. Hence, the absence raises a red flag.
No Myfxbook/Fxblue Trading Results
Trade examples are provided by the vendor up to March 2020 starting from 2018. From the details revealed, we could find the entry and exit prices. For the take profit, two different options are provided. The entry and exit images also provide adequate information.
According to the results recorded, nearly 70% to 80% success rate is seen from a total of 200 trades. However, we could not find any of the results verified on trusted third-party sites, such as the Myfxbook site or FXBlue. This makes it difficult to evaluate the authenticity of the results.
FX Delta is offered for $347 which is a one-time payment. A money-back guarantee of 60 days is given if you find the system is not suitable for your style of trading. We find the pricing to be too overboard for a system that is not even automated fully. With many automated systems being offered at half or less the price, it would be hard to find takers for this rate.
We found several reviews for FX Delta on the Forex Peace Army site. Although all reviews are positive, the lack of verified accounts and performance results even in the forexpeacearmy.com makes it difficult to confirm the success claimed by the users.
Concluding our FX Delta review, we find the information provided on the official site quite elaborate backed by minimal user feedback (14 reviews).
Some key drawbacks we identified with this system include the system not being fully automated and the complete lack of verified trading accounts.
The expensive price is another shortcoming with this system. With better alternatives having verified results and other things going for them available at cheaper rates, it is highly unlikely for users to choose such an expensive option. In short, we would not recommend this Forex trading system.