TFTC Pattern Trader is an automated trading software created by the Forex Trading Coach team. TFTCpatterntrader.com touts a ”brand new, simpler way of trading the Forex market”. According to marketing materials on the TFTC Pattern Trader website, the robot ”will compound & multiply your money from anywhere in the world”.
There are 5 levels (0-4) to access the robot features. Level 0 is the TFTC Pattern Trader free trial for 10 days and only includes the free videos. Level 1-4 give access to the TFTC Pattern Trader actual bot and it cost between $690-$2990/year.
What is TFTC Pattern Trader (tftcpatterntrader.com)? Either is TFTC Pattern Trader system scam or legit?
TFTC Pattern Trader Review
The vendor claims that their automated trading system is truly a game changer in the Forex market because it is like no other trading software available. According to the sales page, the software is self learning and is always adapting to the ever changing market conditions.
A Forex robot 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.
The vendor claims that you can create several different strategies if needed with the robot. However they failed to reveal details about the trading methodology and approached used by their software.
When it comes to clarifying what the best and most profitable Forex trading strategy is, there really is no single answer. The best FX strategies will be suited to the individual. This means you need to consider your personality and work out the best Forex strategy to suit you.
The vendor failed to provide a verified trading performance from third party sharing service like myfxbook.com or Fxblue. The created a table of trading results from a portfolio of strategies of the TFTC Pattern Trader.
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.
What is the best automated trading robot
The forex robots industry itself is not conducive to trust. The peddlers of various trading bots do their best to discredit their competitors.
Best Forex Robot come with unique feature of risk protection that can protect you from large drawdowns and worst from blowing your account in the worst market condition.