Today I’m analyzing a new Forex expert advisor built to be utilized by both beginners and pros, Exreign Forex EA. The developers believe that their system is the best Forex robot in the world, because they use cutting edge trading indicators in conjunction with an in-depth trading process they completed before releasing this product to market. While most robot developers test their products before release, this team feels that there testing approach is much more thorough and unique.
The creators of the software do not introduce themselves to us, so we are unaware of whether or not they have trading in developing experience in the Forex marketplace. Generally, I prefer vendors that are much more transparent with this type of information, as I don’t like signing up with products from traders with no reputation. In order to get in touch with support, traders can email email@example.com.
Exreign Forex EA Review
The Exreign EA sales page leaves a lot to the imagination, as there is very little detail provided about their services, and the trading approach of their expert advisor. They do tell us that their software “is being used by thousands of Forex traders around the globe,” but I find that very hard to believe. Products with thousands of clients generally have many followers, and much more of an online reputation. In this case, there are very few reviews made about this product, and if I had to guess, I believe that they have under 100 clients.
Claiming that they have more clients than they do isn’t a major flaw, or something that should totally steer you away from a product, but it’s worth noting that there is some minor deception on the sales page.
In this part of the review I usually discuss the strategy behind the expert advisor, but this information isn’t provided by the vendor. We are told that the software works automatically and uses an inbuilt predesigned strategy, but the strategy itself is never elaborated on. This lack of information is detrimental, and is common in other recent reviews of Forex EA’s I’ve written, like QuivoFX, Forex Dream Machine and Darkmoon FX.
- Type: Forex EA
- Price: $129-$199
- Strategy: Scalper
- Timeframe: M30
- Pairs: EURUSD, GBPUSD, USDCHF
There are currently 2 packages available for traders looking to sign up with the Exreign services. There is a standard package which goes for $129, and a premium package which goes for $199. Both packages come with lifetime access, a 30 day moneyback guarantee, safety features and no extra charge for changing account numbers. The only difference, is that the standard package comes with one real account and one demo account, while the premium package comes with 2 of each.
I prefer systems that provide unlimited demo accounts, but this isn’t a make or break issue.
Exreign Trading Results
The vendor provides us with one real trading Exreign EA account hosted on FX Blue and Myfxbook. This account has been running for just over 100 days, and is showing a return of nearly 60%. This makes for a daily return of .42%, a monthly return of 13.44% and a drawdown of just over 22%. These are pretty consistent numbers, and the equity growth of the account appears to be consistent, with the drawdown only coming close to the it’s maximum number on one occasion.
While the strategy isn’t disclosed by the vendor, in looking at the trading results we can determine that this is using a scalping approach. While the trade length at just over 3 hours is a bit large for the usual scalping approach, in looking at the take profit and stoploss numbers, we can see that the system is clearly trying to get in and out of trades quickly. The software wants to make sharp entries, and pick up 7 to 10 pips per trade.
I appreciate the fact that the vendor is providing us with a real account, and I hope that I can soon see some of their client accounts as well.
There are both positives and negatives to report when looking at the Exreign Forex EA. It’s clear that the vendor needs to provide us with much more information about their trading strategy, and proofread a lot of the content on their website. There are quite a few spelling and grammar mistakes, which makes me less likely to have confidence in the service. The positive, is that they are providing us with verified trading results, hosted on third-party websites.
All I’m really waiting for now, is trading results from actual clients using this service. Considering they claim to have thousands of clients using the software, there should already be trading results made available to the public, but this isn’t the case.
If you have anything you would like to add to the review, please leave your contributions below the article now.