ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor 
Forex Pro Island is an automated trading robot developed for the MetaTrader 4 platform. The creators of the service claim that “90% of FX traders use Forex Robots,” which is a weird claim to make, as it’s false. Automated trading is not as popular as this developer says, and we are unsure why they would put something so blatantly wrong at the top of their website. The number is probably inverse, with 10% or less of all Forex traders using expert advisors. This is not a major issue, but they should have proof of their numbers before throwing them out there.
There doesn’t appear to be any information provided about the development team or their location. They should provide some detail about who they are, and what type of trading experience they have in the Forex marketplace. Most consumers in this market will not buy a system from an unknown vendor, and we don’t blame them.
In order to get in touch with support, traders can email contact@forexproisland.com.
Contents
Forex Pro Island Review
The Forex Pro Island website is a bit unorganized, and not the most professional that we’ve seen. It includes trading results, information about the software and pricing.
There are a handful of reasons the developers feel their software is ready to compete with the best Forex robots in the market. These reasons include their trading algorithm, minimal time investment, trend power detection, user friendly interface, adaptive take profit technology and multiple trading styles.
They also provide a user guide, and promise stress free support to help their clients every step of the way. We always recommend emailing a vendor before you sign up to ensure that the support is effective.
Strategy
The developers created the Forex Pro Island software to use all resources available, and avoid waste. The system stores information about “previous market fluctuations” and uses adaptive technology to analyze real-time market conditions. They also make mention of the software never repainting, which is more a a Forex indicator feature, than a robot feature. So, we are unsure why this is mentioned a handful of times.
Overall, they provide generic information about different aspects of the strategy, but never get into real detail about the methodology. As it stands, we do not know how the software analyzes the market, and what approach they use to enter trades.
Robot Analysis
- Type: Forex Robot
- Price: €279.00
- Strategy: Undisclosed
- Timeframe: H1
- Pairs: EURUSD
Traders interested in the Forex Pro Island software can acquire it for €279. This is certainly a high price, and higher than some of the best robots in the market. It does come with a 30 day money back guarantee though, for those that want to try it risk free.
Trading Results
The Forex Pro Island trading results are scattered throughout the website, but consist only of screen shots. There is a screen shot of a Myfxbook account as well, but no access to this account. We have searched the Myfxbook website to try and find the account, but it doesn’t exist.
If they truly have a Myfxbook account, they should link to it, and not just show a screenshot. The screenshot makes us believe that they have photo shopped someone elses trading account, to make it look like theirs.
We hope that the vendor will prove us wrong and truly be able to provide verified results that prove their promise of a 74% win rate.
Conclusion
The Forex Island Pro service doesn’t seem ready for public consumption at this point in time. It is priced high, and the vendors don’t provide us with any verified proof. We do not know who they are, and they provide no information about their methodology.
It is also very difficult to trust the vendor because they provide screenshots of an account that very likely isn’t their own.
If you have anything else you would like to add to the review, please leave your questions and comments below the article now.
Forex Pro Island €279.00
- Pricing
- Strategy
- Results
- Feedback
- Support
Summary
Forex Pro Island is a Forex robot that utilizes an adaptive take profit technology which gets more out of each profitable trade.
Overall
2.5Pros
Multiple trading styles
Adaptive takeprofit tech
Cons
No verified trading results
No info about developer
I can confirm with Kagiso comments i purchased this BOT 3 weeks ago and im now about 30% down on my initial starting balance. I emailed support to check if im doing it right and if the trades it is placing seem to be correct according to there algorithm etc and all i got back was we dont give refunds if its not working leave it and try it at a later date.
Hey I bought the 3rd of April 2020
The bot is placing 1 to 3 orders per day… And from the orders it took it made losses.I was thinking that I should give it time but the more I do the more money I loss…
I saw this bot as a good opportunity to generate income since we’ll I lost my job due to this pandemic that has taken over the world.
I followed all the steps required to set up the bot like on video
I get paid less than the amount I bought the bot with,i had to lend money from friends to make this work for me from what I saw on the video. I thought I was going to take many orders like they did,but I’m getting nothing like that.
It is so frustrating to see your investment not going the way you thought it was going to go
The bot is placing orders in opposite direction.
Can you please help
Cont Andrew the owner
Kagiso, I recommend someone called FXCorrelator (youtube channel name), he showcases a really good indicator to learn manual trading with (demo), and it has some good results. He is an old school trader and has been doing it for over 20 years. It’s personally what I’m into now. Also, search up some MACD Trading bots and try that on demo, MACD you can create your own trading bot on MLQ4 and there are tutorials showing you, or pay someone on fiverr.com a low price to perform a service for you and create a trading bot according to your needs. It’s again, much cheaper and safer than all of these schemes or ”investments”. ALWAYS try on Demo first, and understand the system. Best of luck, it’s a long road for all of us but if we stick to it and go together, then it’ll be worth the climb.
Best Regards,
Nick