The website puts out new Forex software every few months. Recently they have released ElementFX and a few others. The Elastic Trader being one of them, this is an indicator that doesn’t repaint trades on the M1 and M5 timeframes with the GBPUSD and GPBJPY pairs.
The software costs $49.99 and is being sold on a payment processor that a lot of Forex vendors are moving to, Jvzoo.
I usually put a video discussing some of my thoughts in reviews like these but I just don’t really feel like it is necessary. I will go over my main points about this software and be done with it.
So, first the website seems overly unprofessional. My daughter could easily have created a better looking website and while you can’t judge a book by it’s cover you can judge a developers thought process.
Next, its an indicator and these rarely work. It is common knowledge that indicators are just dead strategies that aren’t good enough to be programmed into a Forex ea.
So what is the conclusion?
I think you already know. I don’t recommend it. If you think its good or you use it and want to prove me wrong please leave a comment with your results.
That’s it for today guys, keep trading and keep winning.