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Evestin Forex Review: Is this a Scam?

Evestin Forex Review: Is this a Scam?

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Evestin Forex (evestinforex.com) is a new EA for trading Forex. The automated expert advisor developer is currently offering four different robots, with unique strategies. The creators of the trading program provide access to their automated trading programs, and ” pre-configured chart templates with everything set and ready for you to trade with bots.”

The creator of the program is Ivo Luhse, who is also the creator of a popular trading robot called Dara Trade. Ivo Luhse is quoted on his site stating the following: The future belongs to Automated trading – the sooner you acknowledge this the better chance you will have. Trading with robots promotes discipline, removes emotions and gives confidence in your trading by eliminating guesswork. You will become a better trader by trading with robots. Start trading with Evestin Forex trading robots and become the new breed of a “Robot Trader” – Smarter & Faster Trader.”

The Dara Trade offering is very similar, if not just a re-branding of the exact same offering. The Evestin Forex program launched at the end of 2015, but doesn’t seem to have gained much in terms of reputation or popularity to this point, as it is still a small project. In order to get in touch with support, traders can email [email protected] If you want to be sure that you will make money as a Forex trader, we advice that you make use of these trading tools which the community have endorsed for a very long time now.

With this system, they are promising professional risk management where they claim the robots will risk only a small % of your account on each trade. You can control the risk and adjust it to your risk tolerance. It is also an out of the box solution for trading. They claim the following: An out-of-the-box solution with a simple installation package that will add the bots and templates to your MT4 Trading Platform. You will be trading with bots in no time. Other than this, they are also telling the community that regular updates will be done on this robot. This is the statement: Our trading experts monitor the markets and robots every day. Regularly updating the trading robots to keep up with the changing markets. You always will get the most up to date robots for the peak performance. In case the developer doesn’t stick to his words, you can always remind them this.

Evestin Forex Review

The Evestin Forex team advertises their product line as “automated trading systems with character.” The website is designed to in a way that certainly adheres with this message, as the images consist of character-filled cartoon animations.

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There are a couple of aspects they want the community to be aware of immediately. The first, is that the trader is in full control of the robot, so they can adjust parameters and make it meet their expectations. The second, is that their strategy is not a black box. It truly has a trading strategy, which is what we expect from all the best Forex robots.

Evestin Forex trading Strategy

To get a detailed Evestin Forex strategy guide, traders need to enter their email address. After doing so, traders are directed to a PDF, which you can access here. The guide is quite helpful in terms of navigating the trade approach of each strategy. It’s generally more than we even expect, which is a generous change from what we are used to.

The Satoshi robot, which is one of the systems in their package, uses four high probability reversal patterns for its strategy. The Hammer, Shooting Star, Bullish Engulfing and Bearish Engulfing. All four of these candle sticks are represented in the image you can see below.

The other robots are also discussed in detail, but you can read through the PDF to see the full analysis of those strategies. There is no reason for me to breakdown each one here.

Robot Analysis

  • Type: Forex Robot, Price: $99/month, Strategy: Multiple Strategies, Timeframe: Undisclosed, Pairs: EURUSD, GBPUSD, USDJPY and AUDUSD.

The Evestin Forex ticket price is quite expensive at $99/month. With this, you do get access to all of the robots in the package, but it is still significantly higher than some of the best EA’s in the market. This makes it difficult to recommend, but that doesn’t mean it isn’t an intriguing offer.

Does Evestin Forex come with Trading Results?

The PDF provided by the Evestin Forex team offer statistics about each EA, which include their win rate, average reward to risk ratio, positive expectancy and average trades per month. Then, traders are provided access to a PDF where different statistics from each robot are shown, but the these numbers look like they are from back tests. Which, is an unreliable method of showing trading results in 2019.

They bottom line is, they don’t have any verified trading results. Just a spreadsheet which they could easily manipulate.

They do have a Myfxbook page, but the only trading account they had uploaded on their “was either removed or doesn’t exist.” It would be very beneficial for the team to upload the accounts of each system, so we can see how they truly perform.

The results as they stand, aren’t transparent, and don’t provide enough real insight.

Client Feedback

There are both positive and negative reviews found for the robot service, but with the last review coming in October 2018, it’s clear the program isn’t very popular.

Our best advice for you

The majority of the Evestin Forex presentation is professional, and informative. The only areas of concern pertain to their lack of verified trading results, and their exorbitant monthly fee. You could try their 30-day risk free trial if that means not paying a penny to test the robot. If you have anything you would like to add to the review, please leave your comments below the article now. In the meantime, you can do well with these trading resources as they have been proven to make consistent returns over time. So let’s get started with professional trading.

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