Have you bumped into this expert advisor called Fluid Trader and are wondering whether or not it’s legitimate? You should probably read this expert review before making up your mind.
However, if you don’t want to waste any minute researching expert advisors, just pick any expert advisor in this list. But if you are dying with curiosity due to the promises that the Fluid Trader makes on the sale page, then here’s what you need to know.
This expert advisor simply uses a weird trading pattern that has apparently doubled the vendor’s account in less than 5 months.
The sales page claims that this strategy is called ”simple pattern”, and that it doubles or even quadruples trading accounts in less than a year.
Obviously these claims sound like they were pulled out of thin air, and are actually unrealistic. That is why we want to do everything within our power to analyze Fluid Trader and give you the final verdict.
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First off, the developer of this expert advisor is unknown. However, they have been producing trading products in the past, even when people don’t know who they are.
We might mention these products in this review just to give you some useful insights concerning this matter.
On top of not mentioning their names, this website does not give any address that would help with the identification of the exact location of their head office. But there is an email address on the site where traders can contact the developers if they wish to.
Also, traders can only gain access to the sales page by first providing in their email contacts. It is a very long sales page. Honestly we were not able to read the whole of it. But we managed to capture the most important details concerning the expert advisor being promoted.
The sales page has a YouTube video on it. This is the first thing that you will see when you sign up (we did so with a fake email address since we didn’t want to be spammed).
This video was uploaded by someone called Lance Hunter. For the first time, we have a name that is associated with the developer of Fluid Trader expert advisor.
Inside this video, Lance promises his audience that with this product, they can learn the easiest way to make a fortune in trading Forex. According to this developer, useful patterns which are consistent do emerge in less utilized currency pairs in the Forex market, and that this is the only bullet in the gun that shall help you make this fortune.
The specific pairs being mentioned here are AUDUSD and USDCHF which the developer says are less volatile and more consistent, hence they are easy to build an expert advisor around.
The developer claims that the main reason why these pairs are favorable is because price action patterns tend to show up in these charts, and these predominantly move in a sideways manner. According to them, these patterns are easy to spot on higher time frames.
In all this, we were able to establish that the developer was essentially saying that Fluid Trader expert advisor utilizes price action’s large mean reversion element to tell the future direction of the market.
So far, this is the best explanation that we have ever received from a Forex robot developer. We must admit that this is the most in-depth, insightful explanation that a developer has ever given. Therefore, we do have a clue about the strategy used by Fluid Trader EA.
We have already mentioned the pairs that Fluid Trader EA utilizes. We have also hinted that it is a price action expert advisor.
However, we never mentioned anything to do with the time frame or pricing.
So according to the developer, Fluid Trader is highly efficient in trading on the M5 time frame. The price for one license goes for $347.
In our opinion, $347 isn’t cheap. It is actually a very expensive endeavor to invest in this expert advisor. In fact, Fluid Trader is among the few expert advisors in the higher range of pricing compared to most EA’s we see in the marketplace right now.
However, we also realized that most of this developer’s products are expensive. We should probably keep this in mind while talking about the Fluid Trader.
The sales page of Fluid Trader hints that the developer is called Lance Hunter. However, this name is never used quite often when promoting other products by the same developer. In fact, the Fluid Trader EA is hosted on the same serve as Signal Step, Hedge Track Trader, and Tri-star Trader.
Some people also believe that this system is associated with another developer called Doug Price. Doug Price is the developer behind systems like PivotTraderPro, RevTraderPro, ChannelTraderPro and Vortex Trader.
We are not so sure because these are just speculations. However, if indeed it’s true, then we could say that this developer is releasing too many products. There is a risk of channeling out poor quality trading products to the market because the developer is always in a hurry to sell one product after the other.
This expert advisor was apparently back-tested a couple of times and also tracked on myfxbook. The developer actually provides us with some screenshots of their back-tested results as well as links back to their myfxbook account.
The myfxbook account which we are talking about here is a demo account. It started tracking this software in October 2016. So far, it is showing a gain of over 200% and a draw down of nearly 40%.
The other myfxbook account that we have been provided with is a real account. This one was first registered in May 2017. The overall gain for this account is above 40%. The DD for this account is 4% only. This has been happening for a short time though.
In our opinion, this shows that Fluid Trader was running on a low-risk setting. But it could also mean that the software hasn’t run into some serious issues during its short time of sample testing.
If we analyze the trading style of Fluid Trader, we see that it is a scalper. Most trades aim at 5 pips take profit with an average loss of 8 pips. We can say that this is not a bad risk/reward ration. We only needed the developer to come out in the open and mention that this is a scalper. Nowhere in the sales page have they mentioned the word ”scalping”.
Now, this is the ultimate conclusion that you’ve been waiting with bated breath. But we can assure you that it is still too early to make a conclusive judgement on this matter. Although some of the trading products from this developer haven’t had very positive reviews, we cannot give a blanket judgement that this software will give us the same results. Maybe it might be different. Or maybe it might just give the same results as its other counterparts.
We still need more of trading samples and user feedback to make a good conclusion. So in the mean time, just use these products.
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