Today I’m looking at a new Forex expert advisor they can be used in multiple situations depending on the current market conditions, Tokyo Pro System. The developers claim that their system ” is one of the best Asian scalpers on the market.” I don’t know about you, but I feel like this should aim a little higher, and tell us that their system is the best Asian scalper. Regardless, I’m going to analyze their live performance, the current strategy and take a look at customer feedback if there is any.
There is no information on the developers of the software, or whether offices are located but you can contact suppor via email email@example.com.
Tokyo Pro System Review
The first notable aspect of the Tokyo Pro System, is the poorly put together website. I never want to judge the developer based on their website design skills because the most important aspects are coding but it certainly calls into question their professionalism. Certainly, the developer of this magnitude, that is making money off of their expert advisor should be able to afford to pay a designer a few hundred dollars to put their website together.
The website also provides us very little information about the trading strategy. We see they have added settings to avoid large drawdowns and they have 4 bullet points they are pushing to the community.
- Low risk
- Small required investment
- No manual input required
- No trading experience required
These are very common promises made by developers in the Forex robot marketplace. Nothing here seems out of place.
- Type: Forex Robot
- Price: $117 / 4 months
- Strategy: Grid Scalper
- Timeframe: H1
- Pairs: USDJPY
The pricing structure is really strange. I’ve never seen the developer charging $117 every 4 months to use a trading software.
The developers of the Tokyo Pro System currently provide an FX blue account been running 36 days. Firstly, this does call into question what happened to the old trading accounts as the system has been available for 3 to 4 months. Certainly the development team would’ve had other trading accounts during this period, and it’s possible that they crashed and thus we have a new account running just over a month.
FX Blue – free tools and services for FX and CFD traders
This account is showing a weekly return of 8%, and a monthly return of 38.4%. These are not aggressive numbers, so it’s hard to see why they would ever occur such a large drawdowns, but it’s possible they change the settings to accommodate a much lower risk strategy this time around.
During this period of 36 days, the robot has 72% of it’s 43 trades. There are currently 7 trades open for -4,167.37, which would be extremely devastating, and destroy all the returns the software has incurred. Hopefully the market turns for them soon.
The community feedback I’m seeing for the Tokyo Pro System is in very positive. The main review site I’m looking at right now is showing a 2/5 star rating over 9 reviews.
The majority of the complaints are from traders that claim the software runs strong for a couple of months and then tanks the account. This is commonplace with grid trading systems, so it’s probable that these reviews are telling the truth.
That doesn’t mean that the developer hasn’t worked to better the software since these reviews, but it’s something we have to take into account when doing the review.
At this point in time I won’t be signing up with the Tokyo Profit System because the live account isn’t doing very well, and the community feedback is poor.
Please let me know what you think about the software, by leaving a comment and review.