This review looks at a professional developer who specializes in Forex trading tools and expert advisors. Darkmoon FX has so far developed 6 different tools for trading Forex. All of them are semi-automated trading tools. These include VelocityMeter, TraderAgent, NewsInfo, SpreadMonitor, Dark Knight, AccountInfo and TradeInfo. Darkmoon FX developed these tools to help everyday traders monitor the different aspects of their market and even use the data to help them make trade decisions. Darkmoon FX is also not giving us their information on the website. However, while researching on the internet, we came across their MQL5 profile because apparently this developer is selling their products in the MQL5 market place as well.
Norbert Mereg owns the entire operation. He claims to be a Forex trader who is based out of the United Kingdom. The trader requires visitors on the site to contact him using a contact form which has been included on the website. We hear that it can take up to 2 days for him to answer. If indeed this is true, then Darkmoon FX could be having a mediocre support in this industry where DarkmoonFX’s competitors are leveraging on the use of real time chats to solve customer problems.
So the question that we are going to address in this Darkmoon FX review is whether the site is selling legit trading tools that can really help traders get past the obstacles which they face on the Forex market place. If you are looking for the best trading robots that are 100% automatic, you should pick one from this list. However, if you are looking for a semi automated tool to help you make the right trading decisions, we advice that you keep reading this review because we have a solution for you at the end of this article.
This vendor is selling a series of products which are designed for the MetaTrader4 platform. The main product here is known as IceFX TraderAgent. It is described as a professional trade assistance for the MT4 software. Darkmoon FX is however confusing their audience because the service is regularly advertised as an expert advisor developer and yet when you visit the homepage, you realize that the main product which they are offering is a trade manager rather than an expert advisor. This trade manager is designed to help traders manage their risks more efficiently. The in-built features enables it to adjust take profits and stop losses according to the needs of the market.
TraderAgent is a tool that comes with a bunch of seemingly features such as hedging, stealth mode, trailing stop, break even, position management, grid support, Stealth mode, 5 trailing stop, spread maximization, pre-defined stop loss, equity auto close, remote position management among others. Based on the features highlighted for this product, we can say that the tool is certainly helpful for the manual trader who is concerned with these things. The tool is currently on sale for the price of $99.
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Anyone who visitors the sales page of Darkmoon FX will realize that the developer has a bunch of products which they are selling at various price points. But now that we have reviewed their most talked about trading system, let’s turn our focus on their most popular expert advisor called Dark Knight EA. We are told that the expert advisor uses “unique to level trend filter that can reduce to minimize open positions in the wrong direction.” It is basically a trend following expert advisor. They claim that this expert advisor was designed to hit at least 50% winners in both the short and long term trades.
Generally, the site looks snappy and professional. There are no exaggerated claims which can make us doubt the performance of their products. But this does not mean that we fully trust them at this time. There are some considerations to make. To summarize the features of the products which they are offering, let’s break them down below.
Generally, they are offering trading systems such as Forex robots. The price range is between $49 and $99 depending on which trading system you want to utilize. Their expert advisor is a trend following robot that trades on the M15 time frame. In addition to this, it trades two pairs namely EURUSD and USDCHF.
The Darkmoon FX’s TraderAgent is the product which they are selling for $99. On the other hand, Dark Knight EA retails for $49. It only makes sense to talk about the two products because it seems as if these two are the most popular products offered by Darkmoon FX.
If you are interested in the Dark Knight EA, there is the option to rent or download the free version for demo purposes. According to the update logs, this software was first developed in 2014 and last updated on December 2014. It is not clear why exactly this developer stopped updating this trading tool. Perhaps he stopped being interested in the product. This begs the question of why he is still selling licenses anyway. It is wrong for a developer to sell out licenses of a product whose last update happened in 2014.
They are providing us with back tests dating back to 2011- and 2014. Back tests aren’t preferred in this day and era simply because of their limitation in the way they provide insights into what the software can do. Whereas these back tests look great, they are outdated, and we are wondering why the developer hasn’t take their time yet to make changes or updates as far as performance is concerned.
Also, since they are 4 years old, that means we do not have data that can help us figure out how the software would have performed at the present time. In other words, Darkmoon FX does not have proven performance to showcase their products in a professional manner. This is a common thing with our reviews.
While Darkmoon FX has a professional website where they sell their products, they fail the test where they present us with outdated back tests. You should use these trading resources instead.
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