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EA Review: Evestin Forex

Evestin Forex is a an automated expert advisor developer, offering four different robots, with unique strategies. The creators of the trading program provide access to their automated trading programs, and ” pre-configured chart templates with everything set and ready for you to trade with bots.”

The creator of the program is Ivo Luhse, who is also the creator of Dara Trade. The Dara Trade offering is very similar, if not just a re-branding of the exact same offering. The Evestin Forex program launched at the end of 2015, but doesn’t seem to have gained much in terms of reputation or popularity to this point, as it is still a small project.

In order to get in touch with support, traders can email support@evestinforex.com.

Evestin Forex Review

The Evestin Forex team advertises their product line as “automated trading systems with character.” The website is designed to in a way that certainly adheres with this message, as the images consist of character-filled cartoon animations.

There are a couple of aspects they want the community to be aware of immediately. The first, is that the trader is in full control of the robot, so they can adjust parameters and make it meet their expectations. The second, is that their strategy is not a black box. It truly has a trading strategy, which is what we expect from all the best Forex robots.

Strategy

To get a detailed Evestin Forex strategy guide, traders need to enter their email address. After doing so, traders are directed to a PDF, which you can access on their website. The original PDF location we provided is no longer available.

The guide is quite helpful in terms of navigating the trade approach of each strategy. It’s generally more than we even expect, which is a generous change from what we are used to.

The Satoshi robot, which is one of the systems in their package, uses four high probability reversal patterns for its strategy. The Hammer, Shooting Star, Bullish Engulfing and Bearish Engulfing. All four of these candle sticks are represented in the image you can see below.

The other robots are also discussed in detail, but you can read through the PDF to see the full analysis of those strategies. There is no reason for me to breakdown each one here.

Robot Analysis

  • Type: Forex Robot
  • Price: $99/month
  • Strategy: Multiple Strategies
  • Timeframe: Undisclosed
  • Pairs: EURUSD, GBPUSD, USDJPY, AUDUSD

The Evestin Forex ticket price is quite expensive at $99/month. With this, you do get access to all of the robots in the package, but it is still significantly higher than some of the best EA’s in the market. This makes it difficult to recommend, but that doesn’t mean it isn’t an intriguing offer.

Trading Results

The PDF provided by the Evestin Forex team offer statistics about each EA, which include their win rate, average reward to risk ratio, positive expectancy and average trades per month. Then, traders are provided access to a PDF where different statistics from each robot are shown, but the these numbers look like they are from back tests. Which, is an unreliable method of showing trading results in 2019.

They bottom line is, they don’t have any verified trading results. Just a spreadsheet which they could easily manipulate.

They do have a Myfxbook page, but the only trading account they had uploaded on their “was either removed or doesn’t exist.” It would be very beneficial for the team to upload the accounts of each system, so we can see how they truly perform.

The results as they stand, aren’t transparent, and don’t provide enough real insight.

Client Feedback

There are both positive and negative reviews found for the robot service, but with the last review coming in October 2018, it’s clear the program isn’t very popular.

Conclusion

The majority of the Evestin Forex presentation is professional, and informative. The only areas of concern pertain to their lack of verified trading results, and their exorbitant monthly fee.

If you have anything you would like to add to the review, please leave your comments below the article now.

Evestin Forex $99/month
  • Pricing
  • Strategy
  • Results
  • Client Feedback
  • Customer Support

Summary

Evestin Forex

Overall
2.9
Comments Rating 0 (0 reviews)

Pros

Detailed strategy
Good customer support

Cons

High price
Average client feedback
Empty Myfxbook account

About Patrick Ryan

Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He's eager to help traders achieve their investment goals, whether they are short or long-term. Patrick's penned thousands of reviews, and is always available to discuss trading with anyone who's interested.

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