Robot Review: Forex Freedom System

Today I’m looking at a new trading strategy that promises to provide traders with a win rate of over 73%, Forex Freedom System. The product is being sold as a combo which comes with a manual strategy, a semiautomated signal software, and a fully automated robot. The developers of the system believe that they’ve come up with “the secret to consistent Forex profit every week without fail.”

The creator of this system is Mike Newton. He is associated with Windsor Forex, and is located at 1019, 13 Freeland Park, Wareham Road, Poole, Dorset, BH16 6FH, UK. To get in touch with support, traders can email via the contact form available at the bottom of the sales page.

Forex Freedom System Review

Mike tells us that his Forex Freedom System is the culmination of 5 years of testing in both calm and erratic market conditions. According to the sales page this system has been successful for 5 years already and has “been traded by 26.4 million traders.” Up until this point, I was depreciating the transparency of the developers, but this number is absolutely ridiculous. There isn’t a single part of my body or being that believes this system has been used by millions of people. In fact, if I had to guess, I would say that this system has been used by somewhere in the region of 50 to 200 people max.

Another discrepancy, comes in the form of the author name. In doing my research of Windsor Forex, and the owner of this website, everything comes up Mike Newton. Yet, the developer introduces himself to us as Jeremy Goodman, a trader for over 10 years who wants to help other traders. Honestly, I don’t really care who the creator of the system is, and using pen names certainly doesn’t impact my judgment at all. However, I just figured I should included all the information I’ve come across in my research.

Breakdown

• Type: Forex EA, Manual Strategy, Signal System
• Price: $108.20
• Strategy: Reverse Signal Exit
• Timeframe: H1, H4
• Pairs: AUDUSD, EURJPY, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY

There is a timer at the top of the Forex Freedom System sales page that gives traders 20 hours to sign up and take advantage of a 60% discount. While the creators believe that each system they are providing is valued at nearly $2000 a piece, they are all currently going for the price of $108.20. This is a pretty drastic reduction, but you have to remember that product developers frequently tell us that the value of their product is high, in order to make it seem like we are getting a steal. This is a common marketing method in the Forex marketplace.

At this price, traders are getting access to the FFS Robot, FFS Renko, and FFS Manual.

Trading Results

The trading results we are provided with are quite strange. There are no Myfxbook or FXStat accounts, just a back test that has been put through some sort of “portfolio performance report” software.

In this report, we are shown old Forex Freedom System data from 2015. In fact, the only results we are provided with go from April 2015, to November 2015. This is not a confidence building strategy report whatsoever. The developers have not been able to provide us with any results in over 2 years.

This is certainly something we will have to investigate, and learn more about. I see no reason why a system that supposed to have over 20 million clients, can’t provide updated trading results.

Conclusion

At this point in time, I cannot recommend the Forex Freedom System to the Forex Robot Nation readers. I appreciate how they put forth some of the information, but the trading results are major thorn in my side. I can’t see how anyone would sign up with a product that’s leaning on results from a handful of months all the way back in 2015. This does not provide a clear picture of how this software trades now, or even how it traded last year.

If you have anything you would like to add to this review, please leave your questions and remarks below.