Forex Windwaker is an interesting new trading indicator that claims to be a “secret weapon traders have been using to make big profits in 2020.” This trading product is compatible with the Metatrader trading platform, and aims to provide accurate trading signals via sound alerts, email and push notifications to cell phones. Depending on the current market volatility, the creators of this service believe that traders can make anywhere from 50 to 100 pips on a daily basis. Today we will be providing a review and letting you know if this service is a viable investment opportunity.
There is no information on the sales page about who the creators are, where they are located, or the type of experience they have in the Forex marketplace. We definitely recommend that the creators of this service add a section to their website providing more insight into these basic questions for transparency sake. Traders in the Forex market always want to know who is behind the system, and what their reputation is, before they sign up.
In order to get in touch with support traders can email email@example.com.
Forex Windwaker Review
Despite being a new product, the Forex Windwaker sales page is a bit of a throwback to an older design style that was used frequently in the early 2000s. That being said, the majority of the information is presented in a direct manner, which is good to see. With a promise of 50 to 100 pips per day, there really aren’t any substantial red flags as the developers aren’t making exorbitant claims or promises.
In the past, pages like these frequently led with obnoxious taglines, telling traders they can make thousands per day. So, it’s good to see that this vendor isn’t going down that road.
The creators of the Forex Windwaker indicator claim that they tested over 300 strategies over the course of 10 years in order to find a system that “is making solid profits on a daily basis.” The system they decided on uses specialized trend candlesticks to analyze market momentum in order to find trading opportunities. It uses on chart circles, and a belt of confirmation in order to find trend peaks, and trade retracements.
On the chart, the software uses “Flute Force” and “Clematis” to determine when a signal is available. If one of the two rules is being met, the indicator will show that it’s “waiting” for the other rule to be met before providing the alert.
The explanation is acceptable, but we would like to see more intricate details about the strategy and especially nation’s of what “Flute Force” and “Clematis” are, as we have never heard of these indicators. If these expectations are met, we will consider adding the system to our best Forex indicators ranking page.
- Type: Forex indicator
- Price: $98
- Strategy: Momentum based
- Timeframe: All timeframes
- Pairs: All pairs
Going for $98, the Forex Windwaker is an affordable trading indicator. At this price, traders get access to the software, the alerts, daily pips, support and free updates.
The vendor tells us that the software is compatible with any time frame, “any currency pair as well as Metals, Stocks, and Equities.” While we appreciate the compatibility of the software, we do worried that this puts a fair amount of pressure on the trader in order to find a trading approach that works best. The trade examples on the website are GBPUSD, EURUSD, GOLD and USDJPY though, so we do recommend that you start there.
As this system just hit the markets a few weeks ago, there is no real client feedback at this time. Traders are welcome to leave their reviews in the comments section below the article here.
There are only a few concerns about the Forex Windwaker service, but the trading results is the most important one. The vendor provides 5 different trade examples, and a 30 day performance page. While we appreciate the effort being put forth, it isn’t enough to compete in 2020.
In order for us to truly take this service seriously, we need to see verified trading results. At this time, they do not provide any verified trading results, and the trading results they do provide are suspicious. Their performance page is missing normal metatrader formatting aspects, which means it could easily be manipulated. That’s not to say that it is, but providing us with Myfxbook account would certainly clear this up very quickly.
They aren’t the only Forex indicator without verified results, as you can see in our recent reviews of FX Vortex, Velocity Finder Neural Trader and Strike Trader Elite.
The Forex Windwaker indicator shows potential, but the vendors need to provide verified trading results in a little more transparency when it comes to their strategy and company information. We will revisit the website couple of months and see if they’ve made any adjustments based on our requests.
If you have anything you would like to add to the review, please do so now.
Forex Windwaker $98
- Client Feedback
- Customer Support
Forex Windwaker is a Forex indicator with multiple alert types and a built-in scalping strategy.
Many alert types
Works for scalping
Compatible with binary options
No verified trading results
No company information
Very new to the market