Forex Machine Gun is a new short to medium-term expert advisor that trades 24/5 in all sessions and market conditions. The software costs $199, comes with no return policy and the website provides little information.
Today I’ll be providing a review and doing my best to find more information about the software so we can come to a better understanding and conclusion.
Forex Machine Gun Review
On the Forex machine gun website there are handful of back tests, a couple of live tests and a short paragraph. I will analyze this information and see if I can find some useful points that will help us make a determination. The software trades on five pairs, EURUSD, EURCHF, EURGBP, GBPUSD, and USDCHF. The system uses internal indicators that looks to open trades with the take profit of 10 and a max stoploss of 70. These are very similar numbers to the Forex steam system which I’ve been using for years.
The system is fully compatible with all before builds but it is not NFA compliant so if you’re using a US broker you have to go overseas to be able to use the Forex machine gun. The system will work on any timeframe because it looks like they’ve bypass the time frames as they save the system will trade the exact same way. The developers of the system claim that you will get the best results using a 1:500 leverage. They also provide a strategy in which you use $500 dedicated to each pair. This would make for a total of $2500 to start but I’m sure you could start with $500 and use just one pair at a time.
The system looks like it is a scalper because it trades a lot procession and has a smaller take profit. Currently, this is all the information I have on the system. If you want to see some of the results or back tests just follow my link at the bottom of the article and you will be able to see more about the Forex machine gun. If you have something you would like to add to this review please let me know your thoughts. At this point in time I am not going to give a yes or a no recommendation I am going to leave this in the air and see what kind of response the system gets from our readers and the community.