Forex Edge Pro is a new scalping robot by Scott B. He tells us that this software took his account from $2000, to $82,475 on complete autopilot. He believes that his tool is so simple that it’s allowed him to stop the losses, quit his day job and start living his dream life.
Today I’ll review this product and let you know if I believe in Scott and his latest Forex trading software.
Forex Edge Pro Review
The Forex Edge Pro system boasts two 14 year backtests. One on the EURUSD and the other on the GBPUSD. Each have winning trades of over 80% and a max drawdown of under 12%. The modelling quality for these backtests is 90% which means they aren’t as accurate as we would like, but that’s not a condemnation. Sadly, there are no test accounts running this software on myfxbook or mt4live. It’s surprising to me that anyone releases a robot without some sort of active trading account in 2015.
Scott tells us that with his Forex edge pro we can easily make an average of $3,000 to $5,000 a day because that’s what he’s doing. Yet, I don’t understand why he won’t show us his account on myfxbook to prove that this is actually true or not. He tells us that in the past year he’s made over $1 million dollars and it wasn’t due to hard work, it’s only because of the edge pro. Before trading with this robot he was a bad trader so I’m not sure where he came up with this strategy but he believes it’s the most sophisticated and accurate on the market. Despite telling us that he was a bad trader he goes on to say that he was the strategist behind this system and his roommate programmed it for him. There are some discrepancies in the story.
Today I won’t be recommending Forex Edge Pro because there aren’t any active trading results for it. Honestly, at this point I am comfortable with demo accounts on myfxbook as long as the vendor has something to show me. I won’t be able to stomach paying $129 for a system that doesn’t have any results. If you have something you would like to contribute, please share your thoughts now. I look forward to hearing from you and hope that you spend a few hours here on Forex Robot Nation.