Berlinetta Trading is a new Forex expert advisor, and trade mirror service which provides traders with a broker independent alternative to MAM systems. Essentially, the vendor runs an expert advisor on their account, and the client runs an expert advisor on their account which receives the signals “automatically and mirrors the sender’s trades.” So, this service is pretty much a Forex robot, except you have no control over the settings.
The website is based in Hungary, and owned by Berlinetta Forex Trading. There is no information about the developer, or the type of trading experience they have in the Forex marketplace. Additional research also came up empty, as this vendor has no real reputation to draw on.
Berlinetta Trading Review
The Berlinetta Trading is one of the more difficult reviews to complete, because the developers of this expert advisor provide absolutely no information whatsoever. They provide a brief explanation as to what mirror trading is, and how you can receive trading signals, but that’s it.
There is no information about their trading strategy, or methodology: approach to the markets. Traders who are interested in this software basically have to go in blind, and hope that the system is profitable. The vendor does nothing to instill confidence.
- Type: Forex EA / Mirror Trading
- Price: $247
- Strategy: Undisclosed
- Timeframe: Undisclosed
- Pairs: AUDJPY, AUDUSD, EURAUD, EURCHF, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY
The developers are selling their mysterious Berlinetta Trading product for $247. This comes with one license that can be used on either a live or demo account. While most expert advisors provide multiple licenses, in this case because there is no testing or changing of settings, only one license is required.
I definitely prefer Forex robots over mirror trading services because I like to have much more control over my trading. If the take profit or stop loss level isn’t meeting my expectations, I want to be able to modify these if I see fit. The problem with a mirror trading service, is that you are putting all of your faith and trust into someone you don’t know to control the outcome. In this case, the developer provides us with no real strategy insight either, which makes it even more difficult to trust.
The Berlinetta Trading group provide a single FX Blue account for their trading results. This account is showing a total return of over 140%, over the course of 85 days. The drawdown is 16%, and the average trade length is 24.9 hours.
The software trades extremely often, with 95.3 trades per day, and a 72.1% winning percentage.
So far, the numbers are very impressive, but we have to keep in mind that this is over a small sample size. This trading account is definitely one that we should monitor moving forward, to see if the vendor can continue their winning ways over a much longer period of time.
Despite the impressive results, I am in no way going to recommend the Berlinetta Trading service to the Forex community today. While some traders may appreciate the straightforward nature of this vendor, in just providing a trading account, and a buy now button, I’m not one of those people. When looking to invest my money, I always want to deal with a vendor that I can trust, and a strategy that I can wrap my head around. In this case, we really have no idea who the vendor is, or what type of trading tools and methods they rely upon in order to provide trades. Hopefully, the vendor reads this review, and makes the necessary adjustments to their sales page, so that we know exactly how this works.
If you have anything you would like to add to the review, now would be the time where you leave your comments and questions below the article. Thank you for spending your time here at Forex robot nation, and feel free to contact me at any time with your questions about any type of Forex service there is.
Berlinetta Trading $247
- Price - 60%60%
- Strategy - 20%20%
- Trading Results - 60%60%
- Client Feedback - 50%50%
- Customer Support - 75%75%
FX Blue results
No strategy insight
Small sample size results
No vendor information