Celestial Trading Tools is the vendor of copy trading robot that lets you copy the trades of experts traders. Celestial Trading Tools lets you trade both minir and major pairs by following expert traders. Celestial Trading Tools requires you to deposit with one of their recommended brokers, recommended time-frame and strategy were not disclosed.
What is Celestial Trading Tools (celestialtt.com)? Either is Celestial Trading Tools Scam scam or legit?
Celestial Trading Tools Review
- Celestial Trading Tools is a program that claim to automate Forex trades. It’s like putting a plane on auto pilot. Traders can sleep through the night calmly knowing that their trades will be placed exactly at the times they designated. Sounds easy, right?
- Forex robots like Celestial Trading Tools are getting a lot of hype of late and Forex robot scams are not far behind.
- Forex robot like Celestial Trading Tools can only be as smart as its creator. The creators of these systems are looking to make a quick large sum of money and are not looking at the fact that the most predictable thing about the Forex market is the changes you cannot predict without watching the changes carefully. Anyone who knows the Forex market well and understands it will recommend a live person with their own trading strategy and then and only then does it make sense to automate any of it.
- The companies producing Forex robots like Celestial Trading Tools often rely on very broad, small print disclaimers to keep them out of trouble for promising tremendous results when those results are unrealistic in the long term.
- Most Forex robot scams are easy to pinpoint and would seem obvious to any investor. But even with blatant false promises of huge profits “while you sleep” millions of dollars are dropped into these Forex robot scams every day.
Celestial Trading Tools Strategy
During our reviews of Celestial Trading tools, we saw that the vendor did not provide much elaborate explanation of the robot’s trading methodology. We are told that the tools makes use of complex mathematical analysis within preset parameters to execute trades. Now we are not introduced to the major indicators for technical analysis.
So, when choosing a robot, just make sure it has a working trading strategy, such as the ones that are based on technical analysis. Technical analysis is an evaluation method using past prices, volumes, and the interpretation of charts and graphs to identify trends to predict the stock.
Celestial Trading Tools Result
Celestial Trading Tools provided a verified trading result from myfxbook showing a 547% gain and 31.51% drawdown with ICMarkets over a period of 18months
The problem is that Forex robots are run based on automated mathematical algorithms, not taking into account things like market conditions that vary with political issues, weather and other factors. The inconsistency of the market is impossible to program into a robot, and therefore the results of Forex robots are inconsistent as well.
Our best advise
Because Forex trading is still relatively unregulated, the number of scams seem to be ever-increasing. One area in which this happens on a regular basis is with automated Forex trading bots. Many of the systems make some pretty unrealistic claims, and promise a successful trading career, even when you’re asleep. They even seem to be able to publish positive results on their sites. However, a word of warning: These amazing results are often the result of back-testing, or based on hypothetical results.
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- 3rd party result
- Professional website
- Copy trading
- Poor strategy explanation
- Large deposit requirement