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Forex Moola

forex-moolaForex Moola is a new automated trading software. The developers claim that their system used to cost $1240 but they are now selling it for $240. Considering I’ve never heard of this software it is likely they’ve lowered the price because they weren’t getting any business, it wasn’t out of the goodness of their hearts.

Today I’ll be providing review and letting you know whether or not this EA will be able to increase our trading accounts.

Forex Moola Review

The developers of the Forex Moola software come from Germany and Austria. They claim to have over 10 years of trading experience and believe that their software take advantage of a supernatural magical strategy. I’m really touch sure if I like the sounds of that since I am more of a logical thinker who appreciate statistics and technical details. The software trades on Fibonacci levels with 2 indicators and they believe that makes their results very strong.

The Forex Moola website shows a bunch of 90% modeling quality back tests. The back tests in 2015 show only 30 to 90 days in a row so I’m worried they are avoiding the days where there are losses. It would make more sense for them to show us the entire year and one back test but I believe this wouldn’t show as well and that they are probably avoiding those losses by doing it this way. There is also an account with FX blue that there is only a history of 10 days so it’s very difficult for us to trust this as well.

At this point in time I won’t be recommending the Forex Moola to the Forex robot nation readers. I believe our best bet here is to wait and see. Considering the results are disjointed and short it would be a smart idea for us to consider purchasing this product when the sample sizes larger. I find it quite difficult to believe that the developers trying to sell a Forex robot for over $200 when they only have 10 days of trading history. This is a little presumptuous if you ask me. If you have anything you would like to add to this review please leave your comments and questions below the article now. I appreciate the time you spend here Forex robot nation and hope that you do as well.

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 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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