Today’s robot to review will be the Perfect Trend System.
The main page includes an implemented gif that shows a difference between where a price is and where it should be.
There’s a little explanation of how the EA makes money, calculating price moving based, mostly on moving average.
Detailed Forex Robot Review
To get a free indicator and access to a Telegram group, we have to provide our email and accept receiving spam from them forever. If there’s a free indicator, it’d be on MQL5 or on the market tab in the MT4 terminal. It’s not a big deal at all.
Talking about features, let’s notice the next ones:
- They allow us to check many market opportunities others don’t see.
- We can trade whatever we want, using the indicator, even if we have just several hours daily.
- The indicator points to an Entry Point so that we can set SL, TP, and, if needed, trailing SL afterward. We’re able to make profits ASAP.
- Perfect Trend System allows us to ride on any trend, making up to hundreds of pips in hours.
“The following screenshot shows an example of a long trade,” the devs said.
It’s the M15 timeframe. Colored lines are moving average, we’re not 100% sure, but the orange one is probably 60%, the blue one is 40% of the moving average indicator when the price jumps off the orange line – time to Buy if it falls over a blue one, the last call to Sell.
Don’t forget that they’re screenshots of the past. When a trend forms, you have to check not only moving average but SI in addition. The indicator does calculations on several timeframes to understand when trend forms and where it is right now. So, we can know with high rates where the price goes and can place a trade safely.
It’s all we know about the indicator.
We can try it for free with all functionality. The only limitation is that it can be set on the AUDJPY and EURCAD symbols. So, it’d be great for us because it’s for free, and we can try it on a demo account. It’s a stress-free decision for sure.
There’s a countdown that we saw at least five or even seven times during 2020.
Perfect Trend System Strategy Tests
Of course, as for the indicator designed for manual trading, there cannot be any backtests because a trader makes the final decision to trade or not trade.
Real Account Trading Results
We’ve got a real EUR account with a Track Record Verified feature and with a huge lack of transparency. It was deployed on January 11, 2019, on the XM broker house. A trader trades with 1:500 leverage on the MT4. Absolute Gain was outstanding and equaled +840.53%. The monthly one was +20.19%, with a big maximum drawdown (58.30%). An account stood abandoned for over ten months.
378 deals with brilliant 9559 pips were traded. The average win (32.85 pips) is three times higher than the average loss (-11.11 pips). Win-rate is solid too – 81% is for Longs, and 85% is for Shorts. Deals were kept open for three days. It means he traded on the H1 timeframe, but, most likely, on the H4 one. A Profit Factor is two symbols one – 10.46.
As we can see, he traded all financial instruments that were available in the terminal.
He preferred trading opening a European session (London) until the closing of the American one.
It’s weird to see that Thursday is lower than Friday in closed deals.
The risks were kept impossibly low to make a good impression.
Just look at these profits and losses on pips. They vary in good meanings.
The one week of January has provided almost 5% of the total gain.
There are many indicators and other trading helpers.
The offer costs 20 EUR with 30 EUR OFF. It’s an indicator that’s based on the candlestick reversal patterns. From the screenshot, we can see the chance rate of these bars to be built. The patterns are called the 3-Line-Strike Alert.
There are only positive onsite testimonials.
There are many of them on the Forex Peace Army, as well.
But, there’s a negative review that noticed that there are the same indicators on the MQL5 forum for free. The funniest part is that’s true. We use some of them in trading to catch the trend’s forming. So, trusting them is completely up to you.
It’s not an EA, so no automated trading for us. The indicator just shows opportunities, so we have to trade them manually.
So, we face the next issues like placing SL and TP in pips. For every timeframe, they vary, sometimes, in times. We saw no money-management suggestions.
To trade trends well, we’re sure that a trader has to finish at least several online courses to get the basics. That’s why our final rating is low. The devs sell indicators but don’t provide educational materials.