Forex Progress Bot is the newest automated trading system by Rita Lasker. This time around, she’s offering a “highly powerful” Forex robot that’s capable of making $18,022.93 in just under a month. We’ve seen many claims like these from Rita in the past, but she generally fails to follow through with the end result. Today we will be providing a complete review and letting you know if this latest release is worth your $99-$228 or not.
This new robot is developed by Rita Lasker and her Green Forex Group. They are located at 1531 Concord Pike #303 0, Wilmington, DE, US. This team never fails to produce new trading bots and indicators every few months. While they clearly have a stable of invested clients, we feel that this team would do better in focusing on the longevity of each product, instead of releasing new systems as quickly as they do. Their most recent releases include the Forex AstroBot, Onyx Scalper and Forex Olympus. All of these systems came out in 2020, so it’s been another very busy year for the GFG.
To get in touch with support, traders can fill out a contact form located at the bottom of the website.
Forex Progress Bot Review
The purpose of the Forex Progress Bot is to help every day traders achieve their trading goals. Rita believes this is possible in thanks to a handful of features, including auto stoploss, money management, trailing stop, a new algorithm, and an easy to use interface. These are the same features she’s boasted about in past releases as well, which comes to no surprise as they are common aspects that the best Forex robots often utilize.
This time around, there are two robots being offered. The normal version, and the Forex Progress Bot Ultimate version. The developers utilize screenshots of charts to show the difference between the two robots, and really force the upsell.
In this image, you can see that the normal version is showing a gain of $994.28, with the ultimate version at $1661.91. According to the sales page, the ultimate version will predict the potential success rate of future trades and decide whether or not to enter them. This doesn’t exactly explain why they need two versions though, as the ultimate certainly seems like the better robot. It makes it very difficult to even consider purchasing the normal version.
The Forex Progress Bot trading strategy isn’t revealed by the developer. They tell us that they utilize innovate trading algorithms, and go over the different parameters within the expert advisor, but don’t give us any detail of their overall trade approach.
Hopefully, upon reading our review they change this and give us some actual insight into their methodology. It’s difficult to utilize any system when the strategy isn’t laid out.
- Type: Forex Robot
- Price: $99-228
- Strategy: Undisclosed
- Timeframe: M5, M15, M30
- Pairs: EURUSD, EURJPY, GBPJPY, CHFJPY, EURGBP
For traders interested in the Forex Progress Bot, it’s going for $99 for the normal version and $228 for the ultimate version. The ultimate version comes with an advanced additional algorithm, profit multiplication mode, ultimate success rate, weak trades filter, remote assistance and 24/7 support.
As we mentioned earlier, this is a very difficult upsell to avoid, considering the entire sales page is dedicated to showing the community how much better the ultimate version is. We find upsells are a bit cringe, so we do not appreciate the general approach of the sales page.
Despite years of complaining about Rita Lasker’s results process, it doesn’t appear to be changing any time soon. Just like her past releases, the Forex Progress Bot does not come with any verified results. Instead, all we get is a single trading statement and a few trade examples.
We are beginning to sound like a broken record on this, but when every other Forex robot developer is using verified results, we don’t see why Rita Lasker is unable to make this adjustment. The result that is provided isn’t even updated. It’s a trading statement from two months ago, that stopped trading immediately once the month was over.
If Rita wants to be taken seriously she needs to start providing Myfxbook results.
While the majority of the Forex Progress Bot presentation is well formulated, the most important aspects are missing. Rita doesn’t provide any verified results, or any insight into the trading strategy. Without either of these two aspects we can’t recommend the service, and will have to rate the product accordingly. We will adjust the ratings of the review if Rita finds the time to make the necessary adjustments.
If you have anything to add to the review, please comment now.