Forex seven is a new automated Forex robot that works with 20 trading pairs. The main aspect the developers want to get across with this system is that it’s reliable so traders can sleep well at night and not be scared of large drawdowns.
Today I will be analyzing and reviewing the system for the Forex robot nation readers and anyone else who happens to stumble across this page.
- Price: $259
- Type: Undisclosed
- Results: Live
- Pairs: 20
- Timeframe: M30
Forex Seven Review
The Forex seven website is laid out differently than most. There are 4 boxes and we can click on each box to access the information behind it. Let’s start by taking a look at the info box and seeing what that has to offer us. Here we can see how the strategy works. We are told that the software will naturally compensate for all drawdowns using profit on other currency pairs. It sounds like this software will open a handful of trades and leave them open and then when a totally equity profit is reached it will close all the trades at the exact same time. This is an interesting strategy but I would certainly like to see how this system where to handle a large amount of losing trades being opened at the exact same time.
According to the developers the Forex seven software does not use any martingale principles and it seems the most discussed part of their strategy is that it has to be traded with 20 pairs. The developers do provide us with a my FX book account which I appreciate. Here we can see that they have gained over 340% from February of this year. That the average pips per trade are quite large in winning and losing trades. Over half of the trades on the first page show over 100 pips and an average trade duration of over 2 days. There is certainly some risk with this strategy but there results are quite impressive.
At this point in time I would like to start a discussion about the Forex seven robot so that we know if the rest of the community is having as much success as the developers are. If you have something you would like to contribute please leave a question or comment below the article. I would love to hear from current users of the software so we can understand your experiences and then make a recommendation from there. Thanks for coming to Forex robot nation and I hope this review helps you make the best decision when it comes to this Forex trading robot.