Ghost Trader EA is a new trading robot claiming to revolutionize the Forex trading industry. They believe that the robot can do it due to the mere fact that they have tested this strategy for the last decade. Considering it’s Halloween today, we find it extremely fitting that we review this system as it is certainly the most spooky of all the programs we’ve reviewed this year.
FX Ekspert is the company behind this new system. They are locatedd in Harjumaa, which is in Northern Estonia. The team has a limited reputation in the Forex marketplace, with their only other robot release being the FX Ekspert Moving Average EA. This software never gained much in terms of popularity or fanfare as our review didn’t have a single comment from the community. The development team claims to be a group of long-term experienced traders, but they do not give us any details about who those traders are, or the type of experience they have trading.
If you have any questions about the service, you can email [email protected] for support. Having said this, we will go into the depths of this review and discuss the features, the pros and the cons of this expert advisor. In the meantime, traders looking for Forex robots can visit this page for more information.
While the Ghost Trader EA spooky theme may not be the most professional approach to automated trading product, the website is aesthetically pleasing and well put together. The first thing that the development team want us to know about the service, is that it’s 100% automated, requires no previous experience, can be tested on demo accounts for free, and tends to keep the majority of trades short. They also boast 10+ years of strategy testing results, but this is less impressive in 2019 where the majority of top developers don’t rely on strategy testing at all due to live data.
In order to utilize the software, all traders have to do is download the expert advisor, install it within 2 minutes and begin trading. It is worth noting that the vendor does take 24 hours to activate licenses, which means you will have to wait after ordering the software before you can use it.
👉 Want to make money automatically with Bitcoin and Cryptocurrencies without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! ETBOT is for you! With the ETBOT software, only YOU are in control of your investment funds. The software works using API Key connections that only YOU set up and control. The ETBOT service and mother company EndoTech has been making investors hundreds of percent a year in proven gains since 2012! They use the volatility of the Crypto market to trade long and short using breakout techniques and strategies powered by real Artificial Intelligence. This year so far ETBOT has made over 75% for clients since January 1st, 2020. If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to ETBOT now and buy your subscription to get started. PS: ETBOT is a Profitable Forex/Crypto Trading Bot. 100% Verified and Recommended by Valforex.com.
The vendors promise to utilize a truly balanced strategy, where the “Ghost Trader Expert Advisor exploits market volatility to deliver profits.” The robot uses a market following algorithm to open martingale-based trades and then attempt close them with a profit. During this time, the EA will also open hedging trace of the opposite side in order to secure the investment properly. The system will always avoid market volatility, but claims to be able to handle large one direction movements without destroying the account.
It’s clear that the vendor has a good grasp on the markets based on their short description of their strategy, but there is always going to be concern when dealing with any martingale-based system. Martingale trading is known for being the riskiest way to trade Forex marketplace, and it’s the reason why many traders have blown accounts over the years.
There have been quite a few martingale-based expert advisors released, but none of them have been able to completely mitigate the inherent risk with this type of approach.
For traders interested in the Ghost Trader EA, they can acquire the program for €499. This is a very expensive price, and over $300 more expensive than the top recommendation here at Forex Robot Nation. With the package traders get access to a single live account, unlimited demo accounts, support for 15 currency pairs, a 60 day money back guarantee and free updates for life.
While the service is expensive, the vendor does claim to provide access to a free demo version. Although, we have been unable to find access to that version on their website.
At this service has hit the market, there is no client feedback at this time. Hopefully, this product is more popular than their last, and we do see some feedback from the community in the future.
The vendor provides two live verified Myfxbook trading accounts. One is with the FBS broker, and the other with RoboForex. Both of the accounts are still very new, with the longest account trading for just under three months. It’s also worth noting that the longer trading account is no longer trading, as the vendor claims “trading is stopped” on that Ghost Trader EA account.
The stopped account is showing a gain of 140%, with a drawdown of just over 40%. Generally, we prefer systems with a drawdown below 30%, especially when dealing with martingale systems that frequently margin call via the drawdown. This trading account traded 1070 times, with an average trade length of one day, and average win of 23 pips, and an average loss of 39 pips. The winning percentage is 66.5% and the worst trade they’ve ever had was -542.10 pips.
The account that’s still active is showing a gain of 27.59%, with a drawdown of 16.41%. In less than a month, this account has traded 369 times, with an average trade length of one day. The winning percentage is 71%, and the risk reward ratio is 2:3.
Both of the trading accounts look acceptable, but risky as you would expect from any martingale trading approach. That being said, we appreciate the live trading accounts, as it’s something we don’t see often, as you can tell in our recent reviews of AI Market Pros, Forex Gump, and Forex Hercules.
We tested this system based on the fact that it’s a martingale expert advisor. That fact makes it difficult to recommend the expert advisor to our readers. Yet, we always want to give vendors the benefit of the doubt, so we will reserve our final judgment when we start to see client feedback and real client trading results. For the time being, these trading resources can help you make money consistently.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More