Riello EA and trading services is a new Forex robot that was developed to provide an opportunity of profit without any special knowledge or experience required. The system is 100% automatic and is used to find relevant trends for the currency pair the trader wants to trade.
Today I will be taking a closer look at this software and letting the Forex robot nation readers understand if this system is a problem or a solution.
Riello EA Review
The Riello EA website is straight to the point providing us with information about the service, the benefits of the trading software and trading performance that is hosted on my FX book. The EA uses a unique system of risk management that has been developed to minimize trading risk an active trading conditions unlike many systems that do this only when the EA is inactive. This software provides a fixed stoploss which is very common for Forex robots despite but they believe on their website.
While the Riello EA results here look great there are a lot of hidden elements on the my fx book page which hurts this companies claim to be very transparent. We can’t see the open trades so there could be a large draw down, can’t see balance, deposits, withdrawals etc. This is a definite strike against the software vendor.
The Riello EA was built to work with any brokerage which means it is NFA compliant and it has proven to work successfully on for pairs especially because they have low spreads. These pairs are the EUR/USD, USD/JPY, USD/CHF and AUD/CAD. The developers of the system claim that their software is so good that they will provide a two-week trial to test the system with any broker. The developers of the software also claim that you require as little as US$1000 to start and that with this amount of money it is recommended that you use micro lots.
I have to say I am quite intrigued by this Riello EA. I’m not in a position yet where I can recommend this to the Forex robot nation readers but I do see a lot of positive elements here. They don’t seem to be hiding anything and they don’t seem to be promising too much. This is a system I’m good have to try and test and see if I can get the same results they are. If you something you would like to add to this review please leave your comments below. If you are looking for a way to succeed in Forex you can always send me an email on the contact page or leave a comment asking me for advice. I am always here to help.