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Forex Pepper Bot is described as the spaciest automated Forex robot in the market place, and this is according to Anna Forex Monti Group, the developer. This is a very casual tagline and we are finding it very difficult to believe that Forex Pepper Bot can be what it is described as. This is supposed to be an investment system where traders invest real money. So if they use cheap tag lines, we just cannot figure out how things will work from now moving forward.
The site in question can be found at forexpepperbot.com. It is not known where Anna’s group is based at plus most if not all images on this website appear to be stock photos. If indeed it is confirmed that Forex Pepper Bot sales page is using stock images, it can be bad for their reputation. But in as much as Anna and her team are anonymous, we know that they can be contacted through a gmail email address which is published on their sales page.
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The first promise that this team is giving us is that their robot is perfect for those who want to start trading with low deposit. On the other hand, we are told that the Forex Pepper Bot filters out trades using two very common indicators namely the relative strength index and the stochastic oscillator. While the developer is not explaining how they are using this combination of indicators, they claim that they are using the indicators to identify the best entry points in the market using horizontal levels. Horizontal levels are basically support and resistance zones which appear in the charts at various points.
While Anna is not telling us or confessing that the Forex Pepper Bot is scalping the market, analysis of the trading strategy where the developer claims that the Forex robot uses short term trading strategy means that the software is definitely a scalper.
The Forex Pepper bot is optimized for two pairs only. These are EURUSD and USDJPY. They also tell us that the robot is built to take advantage of high volatility trading conditions. They believe that if they can optimize the system to take advantage of high volatility conditions, the software can sustain and even perform well in these market conditions in the long term.
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This robot trades on the 15 minute time frame, and is designed to trade two pairs only (as mentioned before). The cost of a license is $99, which is a very affordable price compared that most Forex expert advisors cost much more. However, the developer also tells us that the system will be available for a discounted price for a period of 3 days or until they have sold it to 300 customers. Then price will go back to normal.
One thing we can assure you is that this is a sales tactic, and the price for this robot will never be increased. So never make a hasty purchase decision based on what you are seeing on this sales page. The price will always remain the same, so take advantage of that by researching about the software first before committing real money.
The developer of Forex Pepper Bot does a poor job at presenting trading results. These results are not adequate for us to come to the conclusion that this expert advisor deserves to be purchased. The developer is not utilizing a statement sharing service like myfxbook and that’s because they have what appears to be a one month’s trading statement on their site.
As you already know, this kind of performance evidence can be edited quite easily so that the vendor can end up cheating you with fabricated numbers. And even if those results were not tampered with in any way, rest assured that 1 month of trading sample is very small. You won’t be able to get a clear picture of the long term performance of the robot if you are basing your decision on one month sample of trading data.
This type of presentation is very common in the Forex market place. Many vendors and developers do not want to show us what their software has done in the past for reasons best known to them.
What they do not know is that it would be very difficult to convince us if they cannot prove it that their Forex trading systems are working. How will they compete fairly if these results are not shown?
Client reviews are extremely important when it comes to verifying the accuracy of the information found on the sales page. We have failed to find satisfactory results with regards to customer reviews. This robot appears to be very new, and that might be the reason as to why it does not have reviews and feedback yet. However, if you find that Forex Pepper Bot is attracting good feedback in the future, we will consider updating this review accordingly.
It might not be a scam but it can be considered a rip off if we spend $99 on a license and then end up with absolutely no positive trading results to be happy about.
Since we do not have live trading results recorded by myfxbook, we do not know what to expect out of this deal. It would have been easier if we had reviews to use as a point of reference.
However, the fact that it is not a scam does not mean that your money will be safe. You could still lose your money anyway.
Forex Pepper Bot does not have a good solid track record which serious investors may be looking for. On the other hand, those who are seriously looking for a good Forex robot can trust these recommendations. Therefore, we can only avoid purchasing licenses at the moment until it becomes quite clear that the developer is willing to prove performance.
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