Forex InControl Reborn is an automated trading software that wants to diversify risk trading fx trading. The Forex InControl EA Accelerator mode is said to get much bigger profit with the same risks during flat periods in the Market. With 15-16 years backtest on each currency pair, they believe this expert advisor is really reliable and stable to all kind of news and changes on Forex.
The EA is sold for $270 without the accelerator mode and $310 price for the Forex InControl Reborn accelerator mode.
The team behind this Forex robot is unknown since they do not provide an introductory page. Yet they claim that Forex InControl Reborn is a professional software, developed for both experienced and inexperienced traders. Also, we do not know where they’re headquartered from.
With lack of information to verify their identity, it becomes a difficult task running a background analysis.
Forex InControl Reborn Review
Despite not introducing themselves properly to the community, this team is claiming to provide the following:
- Extremely easy to set up
- Fully automated
- Trades on 2 pairs
- Hard Drawdown control
- Conservative, Normal and Aggressive styles of trading
- Backtests for over 14 years
- Verified live trading statistics
In addition to this, the vendor promises a complete user manual, free updates and professional support 24/7.
From what we can see, this vendor is using a stoploss feature to limit exact losses. However, there is no explanation pertaining to how the robot approaches entries, exits and trade management during trade. We expect the developer to be fully transparent since this Forex robot is among the most expensive to buy.
Quite often, traders will rely on trading strategies that haven’t been tested thoroughly, setting themselves up for a failure. The truth is, you can spend hours searching all over the internet for the right strategy and have no luck finding one. The only solution is to try out the best Forex robots for yourself and see what actually works.
The Forex InControl Reborn EA sales page has provided links to myfxbook account and multiple backtesting statement for our viewing pleasure. The aim is to show us trading performance with Forex InControl Reborn for the recommended AUDUSD and EURGBP pairs.
myfxbook.com statistics is showing a total gain of +894.0% and drawdown of 38.84%. You will notice that the EA does not trade regularly as it has only made 137 trades since its launch back in 2018.
In the contrary, an independent performance test by the FPA team shows a different picture of this expert advisor as most of the stats are in red danger. With average 97.1 weeks of test, their result shows a P/L gross% of -99.823.
The vendor claims that the EA is really reliable and stable to all kind of news and changes on Forex. We don’t see how this statement will be possible, since the robot trades infrequently, as it has traded just 137 since its launch February, 2018.
The developer has not provided satisfactory explanation for the actual trading methodology to even let the EA work on complete autoplilot.
What’s more, a very poor performance test from the FPA team makes recommending this Forex InControl Reborn EA seeming very difficult as at this time.
Of course we look forward to what the developer will say concerning our review. But if you have an experience with this Forex EA, kindly contribute in the comment section.