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EA Review: Forex Pepper Bot

Today I’m looking at a new automated trading software developed by the Anna Forex Monti group, Forex Pepper Bot. According to Anna, this is the spiciest automated trading system on the market. I don’t know about you, but that has to be one of the cheesiest taglines I’ve ever heard for a product that’s supposed to be taken seriously as an investment system.

It is unknown where the location of Anna’s Forex team are located, and all of the pictures on the website are stock images, which it led to many rumors that she doesn’t exist. This is all a bit of a mystery, but the one thing we do know is that Anna can be contacted via annaforexteam@gmail.com.

Forex Pepper Bot Review

Anna proclaims that her Forex Pepper Bot software is perfect for new traders that want to take advantage of the markets with low starting capital. In order to do so, the expert advisor filters trades using 2 very common indicators, the stochastic oscillator, and a relative strength index. It’s not fully explained how these 2 indicators are used, but the developers do tell us that they look to determine the best entry points using horizontal levels.

It’s not directly stated that the software uses a scalping strategy, but based on the explanation of a short-term trading strategy, this is certainly likely.

The software is built to trade on the EURUSD, and USDJPY pairs to take advantage of increased volatility. The development team believes that by using volatile pairs, that the EA will be able to take advantage of these market conditions for years to come.

Breakdown

  • Type: Forex Robot
  • Price: $99/license
  • Strategy: Scalper
  • Timeframe: M15
  • Pairs: EURUSD, USDJPY

According to the website, the Forex Pepper Bot software is only available at the discounted price for 3 days, or 300 customers, whichever comes first. I have a sneaking suspicion that this price will never increase, so you don’t have to be pressured to purchase the software immediately based on this information. I believe that this is a marketing tactic, as I’ve seen it in the past many times, and the price never does increase as the developers claimed.

Trading Results

Despite being the most important part of the review, the Forex Pepper Bot development team does a very poor job providing us with adequate trading results. They do not use any statement sharing provider, like Myfxbook or FX Blue and instead provide us with, what seems to be a trading statement that encompasses one month of trading.

The issue with this type of trading statement, is that it could be easily manipulated by the vendor, and even if it wasn’t, it only covers one month which is a very small sample size.

This lack of trading results is extremely common in products released by Anna Forex Monti. Such as, the FX Pips Express, Forex Major Bot and Forex Profit Track.

Client Feedback

There is currently no client feedback for the software as it is new to the market. So, please comment with your thoughts below this article if you have anything you would like to add.

Conclusion

While there are aspects of the strategy that I appreciate, the Forex Pepper Bot has too small a track record to trust. Not only is the track record small, but it’s hard to even believe the track record is real because the vendor’s and using any up-to-date statement sharing services, which are all easily accessible.

Thanks for reading the review, and please let me know you think about this service now.

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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