Good day all, This forex system trades the USD/CHF pair only which is quite unusual to see today from a forex vendor. Most vendors create systems for pairs with more liquidity like the EUR/USD or GBP/USD. Anyway let's try to dissect this new system shall we.
There appears to be a TP of 23 pips and a SL of about 69 pips. There are no backtests present on the website which is kind of odd. Most vendors will at least show you a 90% modelling quality generic backtest. So I am not impressed with the available information on the webpage, or should I say the lack thereof. There is also a "disturbing" blurb about there not being a difference between demo accounts and real accounts. Most people including myself would tell you there are big differences between the two. A demo account will always perform better because there is no slippage and there is no floating spreads that affect trading results.
It should also be stated that there is a martingale aspect to this system after a SL is hit. The system will either hit TP or the SL there are no other trading results.
The system sells for $199 and there is a money back guarantee within 60 days no questions asked. I believe this is a hefty price tag for something with no real account reference or quality backtests. With this being said it may be worth a try on a small live account before the 60 day expiration.
ABC Forex Robot
