Forex Fastron is an automated trading robot that is actually an indicator based expert advisor. The Forex Fastron is meant to trade some major and minor forex pairs on the M15, M30 and H1 timeframe. They are furnishing their clients with 3 packages namely Basic, Premium and Unlimited. The Most basic package costs about $199.
What is Forex Fastron EA (forexfastron.com)? Either is Forex Fastron scam or legit?
Forex Fastron Review
- Forex Fastron 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 Forex Fastron are getting a lot of hype of late and Forex robot scams are not far behind.
- Forex robot like Forex Fastron 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 Forex Fastron 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.
Forex Fastron Strategy
As a matter of fact, it is unclear who the developers of this EA are. There is no information about who and where they are running this expert advisor.
During our reviews of the Forex Fastron EA, we saw that they are not offering detailed explanation on the robot strategy type. They said the reason why you choose Forex Fastron EA is that the robot comes with several sets of indicators, which help convert whenever the market will flip. We looked for popular indicators used for trchnical analysis but did not see any.
Forex Fastron EA Result
Forex Fastron EA vendor provided two Fxblue account but we prefer a myfxbook account because it is more flexible in terms of transparency.
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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Pros
- News filter
- Free updates
- Unlimited license package
Cons
- Limited sample size
- Poor strategy insight
- Poor owner backgroud