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The Profit Goldeneye by Element Forex

the profit goldeneye

Have another review on a new product by Element Forex that they have dubbed The Profit Goldeneye.

Element Forex claims that you don’t have to spend hundreds or thousands to have success with Forex systems if you just follow their advice and use their software. This new Forex system is and alert software that will tell you when to place the trade, what pair and whether to buy or sell.

The Profit Goldeneye Review

The Profit Goldeneye system is $50 being sold on the JVZoo payment processor. The software is installed into your meta-trader four broker and then you receive the signals from there. Let me go ahead and take a look at some of the results being promoted by Element Forex.

profitgoldeneyeoneday
Here we can see two days of trading.

From what we can see in the results the system provides signals for many different pairs and it also provides over 10 signals a day. To me this amount of signals can be very dangerous so be cautious if you plan on using The Profit Goldeneye software.

The Forex robot nation team is undecided on Element Forex. This company came around maybe six months to a year ago and have been releasing software quite actively during this time. We have had both good and bad results with the software from this company so we are willing to give them an opportunity.

Trading Strategy

The Profit Goldeneye team don’t go into much detail about how their strategy works. They tell us that they “have top programmers working for us that have done a marvelous job in implementing our algorithms and strategies into our trading systems.” Yet, they never disclose what those strategies are, so we are expected to go into utilizing this software blind.

The service will provide trading signals, and a unique sound alert will tell you that you are getting a “goldeneye alert.” I hope that they didn’t spend too much time on this function.

In the example trade above you can see that there is a sell signal, and that the vendor claims that their best Forex indicator does not repaint. We really can’t tell much from this example, as it doesn’t come with any specific information alongside it. All we can tell is that at one point in time, it made an effective entry.

Still Viable in 2021

Will the Profit Goldeye indicator still be viable in 2021? This is the question I received via email the other day, and why I decided to revisit this review today.

I don’t really feel incredibly positive about this product because it is old, unpopular and never really did meet our basic expectations. To be honest, when I got the email I was quite surprised that this system was still active at all.

Really, at this point I’m just very interested to hear from anyone that’s still using this Forex indicator. Did you ever have any success with it? Is it a viable product in 2021? I don’t believe it is, but I’m willing to listen to your experiences to find out if you have a different point of view.

Here at Forex Robot Nation we are always incredibly interested to know what the community has to say, and are always willing to have conversations.

Final Thoughts

While we are going to give them an opportunity I am not going to outright recommend that you purchase The Profit Goldeneye. I would like to do my own testing or have some of the Forex robot nation members do testing to provide us with more insight.

As always please leave a comment below with your thoughts and any questions you may have.

The Profit Goldeneye
  • Pricing
  • Strategy
  • Trading Results
  • Client Feedback
  • Customer Support

Summary

This long running indicator is not one of our top choices, as it’s definitely dated, and has never really been proven to work.

Overall
2.9
Comments Rating 0 (0 reviews)

Pros

Long running product
Affordable

Cons

No verified results
Limited strategy insight

About Patrick Ryan

Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He's eager to help traders achieve their investment goals, whether they are short or long-term. Patrick's penned thousands of reviews, and is always available to discuss trading with anyone who's interested.

3 comments

  1. Just want to know if anyone is using it? I stumbled upon this when going through my dad’s trading platform and wanted to see if it’s actually worth following some of this indicator’s signals lol..

  2. In the right time system like this with tight sl and money managment and compunding will make you rich . But market conditions must be right.

    This is price action volume between timeframes its wery profitable in the right market..

  3. I just the last three days trying to get this software to work. Unfortunately, I was not successful.

    Pro: I was very pleased to receive a prompt refund.

    Con: Support did not seem to understand my questions.

    Here’s the reply that I received when I asked for additional information on seven specific fields that I found different values for in different parts of the program. (CapillaryTrigger, Number_Of_Roc_Tick, VineProjectInPastData, AVPMTFScanner, ILPSpeedLevel, ILPSpeedLevelNoise, DonchianConfirmation).
    “Hi,
    I am very sorry if your confused. The other settings are built into the formula and do no need to be touched. You can change them but it would be risky. It is best that you leave them untouched. The most important one is “Trend Selector”. This is the time frame of what The Profit Goldeneye will scan for you to get confirmation of signals. You do not need to input any values in the any other fields at this point. Until we release an addon to the system, you can leave it the way it is. When we implement something else, that is when we can change those around. Hope this helps.”

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