Evestin Forex is an expert advisor developer launched at the end of 2015. There are four different robots and the creator of the program is Ivo Luhse. In order to get in touch with support, traders can email [email protected].
The creators of the trading program provide access to their automated trading programs, and ” pre-configured chart templates with everything set and ready for you to trade with bots.”
Evestin Forex Review
Recently, there has been an increase in adverts on automated trading software. In their promotion of the Forex robot, there are a couple of features they want the community to be aware of immediately. First is that the trader is in full control of the robot, so they can adjust parameters and make it meet their expectations. The second is that their strategy is not a black box. It truly has a trading strategy.
Evestin Forex Strategy Guide
During our review of Evestin Forex, we noticed that they provided a detailed strategy guide for their clients which you can get here.
The guide is quite helpful in terms of navigating the trade approach of each strategy. It’s generally more than we even expect, which is a generous change from what we are used to.
The Satoshi robot, which is one of the systems in their package, uses four high-probability reversal patterns for its strategy. The Hammer, Shooting Star, Bullish Engulfing, and Bearish Engulfing.
The other robots are also discussed in detail, but you can read through the PDF to see the full analysis of those strategies. There is no reason for me to break down each one here.
- Type: Forex Robot
- Price: $99/month
- Strategy: Multiple Strategies
- Timeframe: Undisclosed
- Pairs: EURUSD, GBPUSD, USDJPY, AUDUSD
The price of an expert advisor should be minimal in order not to inflate the non-trading fees of trading. The Evestin Forex ticket price is quite expensive at $99/month. With this, you do get access to all of the robots in the package, but it is still significantly higher than some of the best EAs in the market. This makes it difficult to recommend, but that doesn’t mean it isn’t an intriguing offer.
When you want to buy an expert advisor but you are considering which one has the best time frame for you, there are three time frames you should bear in mind; Long term, Short term, and Intraday.
Evestin Forex time frame is not disclosed, which means you don’t know the frequency the robot will be entering and exiting trades.
Trades on Major Pairs
When you trade in the forex market, you buy or sell in currency pairs.
Evestin Forex deals on only major pairs; EURUSD, USDJPY, AUDUSD, and GBPUSD.
The majors are the most liquid and widely traded currency pairs in the world. They account for about 85% of Forex trading.
SCAM EA reviews hundred of Forex robots/Eas, and the best way to determine if an EA developer service is legit or a scam is by verifying their result. The way investors properly compare a Forex EA result is by checking to see if their results are published in a public statement-sharing site, like Myfxbook or FXBlue.
The PDF provided by the Evestin Forex team offer statistics about each EA, which include their win rate, average reward-risk ratio, positive expectancy, and average trades per month. Then, traders are provided access to a PDF where different statistics from each robot are shown, but these numbers look like they are from backtests. Which, is an unreliable method of showing trading results in 2023.
The bottom line is, they don’t have any verified trading results. Just a spreadsheet that they could easily manipulate.
They do have a Myfxbook page, but the only trading account they had uploaded on their “was either removed or doesn’t exist.” It would be very beneficial for the team to upload the accounts of each system, so we can see how they truly perform. The results as they stand, aren’t transparent and don’t provide enough real insight.
Evestin Forex Review Conclusion
The majority of the Evestin Forex presentation is professional and informative. The only areas of concern pertain to their lack of verified trading results and their exorbitant monthly fee. For now, you should stick to trading tools that are known to perform well. Our recommendations are efficient and profitable.