Forex Lush Review (Expert Advisors)

Forex Lush is a Forex developer that claims “building Forex EA’s” is their passion. They are currently selling the Aurora Expert Advisor, and including the Tsunami Expert Advisor as a free bonus. Today we will be looking at both of these robots, and letting you know if this vendor is ready to compete in this market.

The service is owned and operated by Forex Lush Inc. They are very new to the market, as the website was just registered a couple of weeks ago. There is no headquarters address provided, and they do not introduce us to any of their team. They claim to be “made up of a group of committed and passionate financial and technical experts who have come together to create this product” but it feels like a one man show. Hopefully after reading our review they will offer more transparency about their team, as we prefer to purchase from traders with actual market experience and reputation.

Forex Lush Review

The Forex Lush website is straight forward, but a bit old in its design. It’s made up of an about us page, contact page, FAQ page, and does include a Myfxbook trading account. Despite providing all of these pages, the overall presentation is lacking detail or focus. Without transparency, it will be very difficult for this system to crack the best Forex robot rankings.

Their company motto is client driven, as they believe their “relentless spirit for continual improvement on both our products and customer service are our top priority.” This is a good sign, and hopefully this means that the products are updated often. It would be a good idea for the vendor to show us a change log, so we can monitor how many updates have been completed, and how many updates we can expect in the future.

Strategy

In terms of trading strategy, the Forex Lush team give us little detail. They don’t make any mention of scalping, but our analysis shows that it’s the foundation of their methodology. Instead of providing us with insight, they have a short section of the website labeled “indicators and strategies used,” where they list off the most popular indicators in MT4/MT5. Here is that list:

• Relative Strength Index (RSI)
• Moving Average Convergence Divergence (MACD)
• Support And Resistance, Custom Indicators
• Average True Range (ATR)
• Exponential Moving Average (EMA)
• Simple Moving Average (SMA)
• Bollinger Bands (BBs)
• Pivot points

It’s possible that their strategy uses all these indicators, but it would be counter-productive in most cases. Almost every robot uses one or two of these indicators, but we’ve never come across as system where they are all used. You can see that most robots utilize indicators by going through our recent reviews of Fly Higher Nova, Hyper Bot VPS and Trend Profiteer.

Robot Analysis

• Type: Forex Robot
• Price: $119-169
• Strategy: Scalping
• Timeframe: Any
• Pairs: Any

The Forex Lush team is selling their Aurora Expert Advisor for $119-$169 USD. The only difference between the packages is that the $169 version comes with unlimited licenses, so traders can run it on as many accounts as they like. It’s one of the lower priced systems that we’ve seen in recent times, especially for an unlimited version.

Trading Results

The trading results appears to be the one area of the Forex Lush presentation with legs. They have a single Myfxbook demo account that is showing a gain of 47.12% with a drawdown of 16.68% over the course of a month and a half. The sample size is obviously too small at this time to rely on, but they do deserve credit for providing verified trading results. The Aurora Expert Advisor has placed over 2000 trades all on the EURUSD pair, with an average win of 3.34 pips and an average loss of -1.35 pips. This is an effective risk reward ratio, but the pips are very low which means the system will only be effective with low spread brokers.

We appreciate that the vendor is providing a Myfxbook account, because too many developers in this market don’t. That being said, it’s too early for us to trust just a month and a half of demo trading results. It’s also worth noting that the strategy will likely be difficult to mimic in a live account, as the take profit is often under 5 pips.

Conclusion

The majority of the Forex Lush presentation is lackluster, but they do save themselves a fair amount with their Myfxbook account. This means that we can monitor their results for an extended period of time, and offer further analysis in the future. At this time, we won’t be recommending the software because it’s very new, but we will check back in soon.

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