Your Algo is a new android and IOS Forex copy trading system powered by the Pelican Trading group. Your Algo is designed for MT4, MT5 and cTrader platforms and it is compatible with 17 brokers.
Actually, the Your Algo app is a platform where traders can gain access to automated algorithm strategies to copy manually or automatically via a trade ticket on your dashboard.
Your Algo App is owned by Pelican Trading with address at 85 Great Portland St W1W 7LT London UK. The service was launched in 2020 and the vendor claims that the strategy can be traded from $2000 account size and leverage from 1:30.
Your Algo App Review
- Your Algo 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 Your Algo are getting a lot of hype of late and Forex robot scams are not far behind.
- 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.
Your Algo Results
Your Algo provided result for the algorithm strategy regular system that has a history of 78days and with a total return of +13.8%. The trade win rate is shown as 91.2%.
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.
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.