Forex Enigma is a new trading system by Karl Dittman. I’m a couple weeks late on this but that gives me a chance to see how it’s been performing since release. This scalper system is built to provide fast signals and generate 200 pips every day.
Today I’ll analyze the claims and review the potential of this system.
Type: Forex Indicator
Pairs: EURUSD, GBPUSD, USDJPY, EURJPY, GBPJPY, USDCHF and USDCAD
Timeframe: M1 and M5
Forex Enigma Review
Karl releases a new Forex indicator every few months and this time his creation is labeled Forex Enigma. This time around he promises that his indicator doesn’t repaint and that it generates buy and sell signals right to the MT4 chart. He believes that the speed behind the signals is the main reason why it provides accurate signals and consistent profits.
Karl tells us that the secret behind his Forex enigma system is that he’s combined profitable trading algorithms and hidden strategies. I really wish he explained some of the background to these hidden strategies. I’ve always found secrets in this market can hurt you. I want to know what I’m getting into. A black box scares me too much.
Strategy and results are two things I always want more information on. The results for this system are lackluster. It’s a collection of screen shot images from MT4. The problem with this type of results is the developer can easily cherry pick the good days and good trades to show us. It doesn’t give us a large sample size to analyze. I prefer a few months of trading and a trading statement.
At this point I’m on the fence about the Forex Enigma software. Karl has released many systems so he knows how to create a product but he doesn’t exactly have a track record of major success. I would like to try this system myself before recommending it to you. Check back in on the review in a few weeks. I’m going to email Karl and see if he will give me a trial. In the meantime, let me know what you think about the software and tell me if you think it’s worth a trial. Thanks for stopping by.