Ruby EA is a new expert advisor with an undisclosed strategy. There are a number reasons the vendor wants you to order one of the Ruby Expert advisor packages. The packages are Basic, Advanced and Ultimate. The cheapest package costs about $299. Ruby EA guarantees profitability trading liquidity in the Forex market. Recommended timeframe is H1 and favourable pair is EURUSD.
What is Ruby Expert Advisor (rubyEA.com)? Either is Ruby Expert Advisor scam or legit?
Any expert in forex trading can clearly see that Ruby EA is a scam. However, if you want to find out why is Ruby EA a scam and what is Ruby Expert Advisor in real, then you can find that within our Ruby EA review here, for that you don’t have to search any other Ruby Expert Advisor reviews.
Ruby EA Review
- Ruby EA 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 Ruby EA are getting a lot of hype of late and Forex robot scams are not far behind. Ruby Expert Advisor promises huge profits buying and selling currency with little or no effort.
- 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.
About Ruby EA
We understand from a little research that the EA is actually a new one. It is unknown who the creators and owners of this expert advisor. We could only see that the EA was made public in 2018, something that turned out not to be true.
Ruby Expert Advisor Strategy
During our reviews of the Ruby EA we saw that they did not provide much details on the software methodology. We could see that the EA is non hedging and non scalping. They mentioned Smart Money Management for risk control.
It’s not uncommon for beginner Forex traders to think that making money through online Forex trading is fast and easy. You also need to apply tools and techniques to manage your money and risks – if you don’t do those things, you wouldn’t be trading – you’d be gambling.
Ruby EA Result
Ruby EA provided a backtesting result and live result from myfxbook.
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.
Review Verdict: Ruby Expert Advisor lacks Enough Strategy Insight!
Ruby Expert Advisor promises huge profits only, it is a sure scam, there just is no other possibility.
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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- Myfxbook result
- Money management
- No strategy insight
- No company information