Hi all, This one is being promoted as a successor to the Forex Shocker scalping system. The Forex Luxury system sells for $179 and is NOT a scalping system.
The system trades 3 pairs on the 1 hour time frame. Take profits are in the order of 10-20 pips. Stop losses are typically around 40-50 pips. So with this being said R:R ratios are around 2:1 so not fabulous.
Below is a forward test of this EA
So far so good, but don't they all look good when they first start trading?
This on is being advertised as not being broker sensitive and NFA compliant for all US based FIFO compliant traders.
What I don't like about this one is the usual pictures of yachts and palm trees that can be found on "scam" forex products. Also the lack of any Myfxbook accounts as well.
But what I do like about this EA is the fact that it trades 3 pairs on the H1 time frame. This should be a better system to trade on alive account than Forex Shocker was.
FOREX LUXURY MORE INFORMATION