Today I’m analyzing a new expert advisor developed by the Automated MT4 Indicators (expert4x) team, Forex Dream Machine. This robot is built on a foundation that was set in July 2017, when this group created the spaghetti indicator which is built to identify “the most overbought currency in the home market and the most oversold currency and the whole market.” They believe that the best way to manipulate the market, is to trade these 2 pairs against each other, and take advantage of the swings.
The Automated MT4 Indicators group, also goes by the name expert4x.com, and is run by Alex du Plooy, who is located in Australia. There isn’t an about me page on either of the websites, but from my research, it looks like Alex has been providing the community with trading product since 2014. In order to get in touch with support, traders are urged to utilize the contact form located on any of the sales pages.
Forex Dream Machine Review
First, I’m going to analyze the Forex Dream Machine, and then I’ll take a closer look at the developers and review the Automated MT4 Indicators (expert4x) team. The description of the trading strategy, and the analysis of the spaghetti indicator is quite impressive. This developer provides much more insight into their methodology, then many other expert advisor creators in this marketplace. He believes this is why his system is the best Forex robot available.
Alex tells the community that the software “monitors, aggregates and averages RSI readings of all the currencies traded in the Forex market.” The EA then uses this information to figure out which currencies should be traded, and exactly when to exit those trades.
There is also a way 10 minute video, where Alex claims that the software is based on the strongest Forex principles, and has the ability to double traders accounts in a very short period of time.
The sales page also provides an explanation of every single setting in the EA parameters, this is very rare in the market, and not something I’ve seen in recent reviews of Darkmoon FX, Algo Scalper, and Eklatant Forex robot.
- Type: Forex Robot
- Price: Undisclosed
- Strategy: Overbought/Oversold
- Timeframe: All Timeframes
- Pairs: All Pairs
While the strategy description is fully fleshed out, the ordering process for the Forex Dream Machine is more convoluted than ever. In fact, trying to sign up or order one of these systems it is so difficult, that I’m not sure how much it costs.
Alex gives us the option to purchase via PayPal, crypto currency or through website called EA factory. The PayPal link takes us to an unsecure website, the EA factory takes us to an area for current clients, and the crypto currency method takes us to another website I’ve never heard of before.
Alex needs to work on the payment options immediately, because I don’t feel safe following any of these broken links.
In terms of trading results, Alex provides us with a 2 1/2 minute video that shows the EA trading, a back test from 2017, and a table that shows the potential profitability of each pair. There’s really nothing in the trading results section that proves the Forex Dream Machine is a profitable expert advisor.
All of the trading results are vague, and don’t give us the transparency we require from an automated software.
There is no reason why Alex shouldn’t be providing us with verified trading results hosted on a third-party website.
Automated MT4 Indicators (expert4x.com) Review
Alex Du Plooy is behind a multitude of different trading websites, all providing traders with different trading tools and expert advisors. In doing additional research, I’ve found that there is quite a bit of client feedback on FPA, where his systems are getting a 2.3 star rating out of 5 from 25 reviews. Out of the last 9 reviews, there is one 5 star review, one 2 star review and 8 1 star reviews. This is not a good sign.
Here are the 2 most recent reviews.
While many of the reviews are negative, I do appreciate Alex’s approach to explaining how the Forex Dream Machine approaches the market. I see some potential in the Automated MT4 Indicators (expert4x) team, because of how they discuss their systems.
Yet, the client feedback is very concerning, and the trading results just isn’t at the level I’d like to see it at. If you have anything you would like to add, please leave your comments and reviews below the article now.