This forex InControl ea review will guide you on the things you should look out for before buying the robot.
Remember that the internet is filled with thousands of forex robots of which 90% are scams.
Have you been thinking of getting a robot, then? Then, this forex InControl review is for you.
The forex InControl robot is just one of the few robots on the internet today that can work with other robots.
It is a product of 14 years of backtesting.
Also, it makes use of a conservative, normal, and aggressive style of trading.
The robot trades only two currencies which are EUR/GBP and AUD/USD.
In addition, the forex InControlexpert advisor allows users to specify a maximal possible drawdown.
|$310 with accelerator mode and $270 without accelerator mode
|AUD/USD and EUR/GBP
|Mt4 and Mt5
|Forex InControl Website
|No refundment plan
The robot gives room for money management.
This money management helps traders to avoid cases of placing trades with high risk.
Forex InControl EA Review: Strategy Review.
Just like many robot developers, the developers of this robot did not reveal the strategy that it uses.
Most developers do this to avoid cases of intellectual theft.
However, the robot uses conservative, normal, and aggressive trading styles.
Notwithstanding, revealing the strategy that a robot uses helps to build trust in a developer.
Forex InControl EA Review: Live Account.
The robot has a live account proof.
With accelerator mode, the robot turned a $10,000 dollar account into $265,481 in fifteen years.
Also, with the accelerator mode, the robot turned a $10,000 account to $759,216 in four years.
In addition, the robot turned a $10,000 account into a $329,546 account in sixteen years.
However, the live trading results without the accelerator mode are very low when you compare them with those with the accelerator model.
Without the accelerator mode, the robot turned a $10,000 account into $24,137 in sixteen years.
These are the results of live trading and backtesting that the robot recorded.
Should You Buy The Robot.
Firstly, the robot has no refundment plan for any user.
Many robot builders in the forex market often include a refundment plan in their robot selling.
This means that a user can return a robot within a period of time if he/she is not satisfied with the robot’s trading results.
However, the Forex InControl robot has no refundment plan.
This means that once a new user buys the robot, he/she does not have the chance to return the robot even if the trading results are ending in losses for him or her.
Why should I buy such a robot?
Also, one of the six things to consider when buying a robot is when the trading result of such a robot is too good to be true.
With its accelerator mode, the forex InControl robot recorded huge wins that are extremely good to be true.
Some of these wins include turning a $10,000 account into $759,216 in four years on the AUD/USD currency pair.
Also, it turned a $10,000 account into $113,073 in four years on the EUR/GBP currency pair.
These results are too good to be true owing to the fact that the forex market can be unpredictable at times.
Due to this unpredictability, even some professionals tend to lose some trades.
Another thing to consider is the pricing of this robot.
It is obvious that the users of the accelerator mode will get higher chances of winning trades than the non-users.
Why should I buy a robot that places the priorities of some users over others?
The Forex InControl robot is one of the Forex expert advisors that are available on the internet today.
This robot gives room for money management.
Also, it allows users to specify the maximum possible drawdown when placing a trade.
In addition, it can work with other robots and it is a product of 14 years of backtesting.
The robot uses conservative, normal, and aggressive styles in trading the forex market.
However, the robot has its shortcomings.
Some of these shortcomings include:
No refundment plan.
Trading results are too good to be true.
Different prices for the same robot.
Do you still want to buy the Forex Incontrol robot after going through this review?
If I were you, I will register for an advanced forex class to get a better understanding of the forex market.
Or I keep visiting forex dominant for more reviews and updates like this.
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