FX TRader Kit is an automated trading software for trading Forex pairs with a choice of 2 license price, undisclosed timeframe and the algorithmic/martingale trading strategy.
FX Trader Kit comprises of two separate Forex robots – Trader’s Sun and Trader’s Moon Forex robots, created by the owners of the Forexstore. This vendor is known for creating many product in the marketplace. And although this might sound as the perfect vendor to buy your trading tool from, be aware that things might not always be as they seem.
To start with, FX Trader Kit fails to mention their contact anywhere on the website, as they routinely offer no information about their identity. And what is even worse, one of the products is using a high risk strategy. Below, we have highlighted everything you need to know about FX Trader Kit, so make sure you read it prior to purchasing any package from them.
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FX Trader Kit Review
FX Trader Kit is among the Forex product that offer 2 separate solutions with separate strategy and details on methodology. These robots are 100% automated trading software that will trade popular pairs including EURUSD, USDJPY, AUDCAD, GBPAUD, AUDNZD, NZDCAD, EURCHF, EURGBP, EURSGD, GBPCAD and are sold for $269-$405. They boldly tell us that these products are powered by the mysterious ForeStore and you can purchase a single product for $269 or both of them altogether for $405 as a SPECIAL FXTRADERKIT OFFER!.
Except the strategy insight, both products offer same thing like 1 lifetime license, user Manual, free updates and 24/7 friendly support.
FX Trader Kit Strategy
During our of the FX Trader Kit, we saw that the provided detailed explanation of the trading methodology used by the Trader’s Sun and Trader’s Moon Forex robots. So, without further ado let’s get into the details of each system.
Trader’s Sun Software
The Trader’s Sun is a 100% automated trading algorithm for MT4. ”The strategy of the EA, embodied in the algorithm, is based on determining support and resistance levels, as well as identifying the behaviour and direction of the Market’s movement, in order to assess the strength of the movement impulse and the probability of its continuation.”
Bear in mind, to use support and resistance you first need to understand how asset prices move so you can then interpret support and resistance from that framework.
Trader’s Moon Software
Trader’s Moon is an Expert Advisor that uses the Martingale principle, but with a number of significant improvements and benefits.
Now, this is sounding like a product you need to avoid. One school of thought says that if you are only willing to risk 20% of your portfolio then don’t expect to gain more than this. A strategy where you could lose all the money in your portfolio is a dangerous strategy and should be avoided. One strategy is known as a martingale strategy.
Client Feedback
For an unbiased review of FX Trader Kit, we search for any possible client review of the FX Trader Kit.
There is no real client feedback available for these Forex robots.
Trading Result Insight
At the SCAM EA, you will find hundreds of reviews of Forex robots, where we check to see if they are verified investment product, or simply a scam. 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 FXTraderKit vendor provides a single live Myfxbook account on the IC Markets brokerage for the Trader’s Sun robot. As for the Trader’s Moon trading results, the FX Trader Kit team provides another live trading account, this one with the Alpari RU broker.
Trader’s Sun Results
This trading account is showing a gain of just over 240%, with a drawdown of 28%.
Trader’s Moon Results
This trading account is showing a 236% gain, and a 26.56% drawdown over the course of 1662 trades.
Bottom line
As it stands now, we are not recommending the FX Trader Kit ecause of two main reasons, first is that the vendor is completely anonymous and secondly the majority of the gains happened years ago in different market conditions. Stick to these highly recommended trading products.
If you have anything you like to add to the review, please leave your questions and remarks below the article now.