For-Exe Review: Is this Indicator a Scam?

For-Exe Review: Is this Indicator a Scam?

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The For-Exe claim to be an ethical team of traders and developers. They tell us that we will notice that there are no adverts for or links to scammers. They want the trading community to know that they are totally committed to only promoting and providing honest systems, products and services. Furthermore, they want us to know that our email addresses are not going to be spammed – guaranteed although they may email you about updates and new releases). Before we complete this review, you need you to check out these products.

For-Exe Review

The indicators and tools available on this web site have been developed from our their needs – they use them for their trading ; not created just as something to sell. This is a very interesting thing to note about this website and developers. We need to really find out if indeed For-Exe is interested in our needs because they seem to be very mindful indeed.

The website tends to be focused more on marketing than giving us facts about what they are selling. They also tell us that they believe their trading solution is the best Forex indicator (it’s a lot more than just an indicator). The developers are even inviting us to look at Waves Harmonics. If you’re looking for a manager with automated features, they have Advanced Trade Manager which they believe is one of the best.

But here’s a warning from For-exe. They want us to leave their website immediately if we are not going to purchase any of their products. We find it quite rude to speak to visitors like this. This is what they say; please leave if you are, or represent, a scamming idiot/organisation and/or intend to breach copyrights with any of our work, or the work of others that we promote.

Whilst we have gone to great lengths to make our products as useful as possible, we can obviously make no guarantees that they will help you to become a more profitable Forex trader.  Only you can make you a great trader but we sincerely hope that our products will be of much help.

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Is is a Forex indicator developer that is “just trying to help traders do better.” They are the creators of multiple products, all of which are all quite affordable, and are presented in a no nonsense approach. The marketing is unlike most programs that we review, so it’s a bit of a breath of fresh air. Regardless, we will still be skeptical in our approach as we always are, and make sure that you get a fully thought out review.

The developer of the project is Steve Norman, located in Milton Keynes, UK. He comes across as an intelligent, no nonsense trader who posts on social media a couple of times a month. Most posts are about updates to his software, or new functions that he’s testing.

For support, traders can fill out a contact form on the website, but Steve does say that the support doesn’t come free of charge. If you are expecting a friendly customer service agent, you are likely to be disappointed. This isn’t a major drawback, but if you don’t have experience with Forex indicators, and feel you would likely require a high level of support, then we don’t recommend these systems to you.

For-Exe products

As we produce this review, there are currently four MT4 indicators, and one MT5 indicator for sale by the For-Exe team. The price point is much lower than most Forex indicators we’ve reviewed, as each individual indicator costs £14.00 to £19.00, and all four MT4 indicators can be purchased in a bundle for £40.00.

It’s good to see some differences between this vendor and the other indicators we normally review, just to see contrasting approaches. The vendor is different in just about every way, when comparing them to our recent reviews of the MT4 Currency Strength Meter, or the Fibo Quantum Scalper.

The four MT4 indicators are the Fractical Fib Multi v2, eWaves, Mind the Gap, and Trade Information. So, let’s take a closer look at each of these add-ons, and let you know their purpose.

The strategy: Fractal Fib Multi v2

This indicator “draws lines on the most recent (confirmed) fractal levels for current and higher time frames.” It also shows the pip distance between fractals, which gives traders an advantage when trading tight ranging markets.


This indicator “will predict the target zones for Wave 5 in both price and time using Fibonacci Expansion and Time Zone levels.” It also gives traders many options in setting the amount of information they want shown on the charts. This indicator also comes with an introduction video, and an examples guide which we found to be quite informative.

Mind the Gap

The Mind the Gap indicator is built to provide traders with “excellent support and resistance levels.”

Trade Information

The trade information indicator helps traders visualize their trades by showing “the profit and risk values against your TP and SL lines.”

Details of the For-exe indicator

Forex Indicators Owner: Steve Norman, Founded: 2012 Price £14.00-£19.00. The For-Exe indicator collection is quite interesting, and each tool provides a specific purpose. It’s apparent that the tools do require a fair amount of Forex knowledge, and the creator has no intention of spoon feeding any of his clients. We are very happy that he is up front about his approach, and do feel confident in the services he’s providing. That being said, we feel we should reiterate, that if you are not an experienced manual trader, than these aren’t the best Forex indicators for you.

Client Feedback

It’s no real surprise that the For-Exe client feedback is very positive, as the vendor doesn’t make any outlandish claims or promises. He has 52 reviews on FPA, and they are all 5 stars. This is very hard to accomplish, but he’s stayed away from any sort of marketing hype, which has definitely helped his ratings.

Our best advice for you

For-exe is just like any other indicator. First off, the price is great. What we don’t like is the rudeness. Meanwhile, you can try these products.

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