TriStar Trader is a new Forex trading system built to help traders cash out over 15,000 pips of profit this year. The developers of the system claim that their software “provdes that it’s possible to have a risk reward ratio that favors the reward while making you a massive profit.”
Today I’ll be reviewing the system and informing the Forex Robot Nation readers about this EA’s trading potential.
TriStar Trader Review
According to the sales page, the TriStar Trader team interviewed some of the best Forex traders and strategy developers on the planet. These traders shared all of their secrets and “some of them are sucking so much money from the Forex market it’s almost reckless to ignore what they had to say.” After lengthy discussions they drew a common thread that was prevalent with all the successful traders. They all believe that in order to succeed in trading Forex that you have to bring your risk to reward ratio into proper balance.
- The TriStar Trader system can trade any currency pair as well as assets like gold and oil to reap triple digit profits.
- The software is semi-automated and beginner friendly.
- There is a 60 day moneyback guarantee.
- A Lifetime License is being sold for $247.
While I am impressed with many aspects of this sales page, the one issue I have happens to be with the most important element. The trading results are far from what is expected in the Forex market in 2016. While I have no problem with developers that use screenshots to show sample trades, this can’t be the only mechanism being utilized.
In this case, there are screenshots of my FX book accounts but none of these can be trusted. I say that because if you try to click on the screenshots they will not take you to my FX book. This means that we cannot verify the validity of any of these accounts and determine whether or not the TriStar Trader had anything to do with their profits. Until the development team results this issue I don’t see how we can move forward with this product.
There are certainly aspects of the TriStar Trader message that I agree with. I do feel that it’s important to have a responsible risk reward ratio but at the same time that is really strategy dependent. See, if you are using a Forex scalping strategy then it is important to utilize a more skewed gap between the take profit and stoploss. For nearly every other type of strategy, you want this gap to be tighter. My hope is that the developers of this product put together a real my FX book account for us to take a look at before we sign up.
Thank you for stopping by Forex robot nation and please feel free to contact me with any questions you may have about Forex trading. If you are interested in automated solutions I suggest you check out the top rated Forex robots in 2016 and beyond. If you have anything to add, please leave your comments now.