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KeltnerPRO is a myfxbook strategy and an automated trading system all in one. We have to start this review by saying that Keltner PRO lacks enough myfxbook data to help us make an informed conclusion. The only one account which they had stopped tracking results in February this year. By that time, Keltner PRO has recorded an overall gain of +5645.75%. Draw down was 57%. This probably explains why they stopped its activities on Myfxbook book.
We will go ahead and review it anyway because this information does not automatically mean that Keltner PRO is a good or bad trading system.
The owner of this trading system is called Jared, and he is a complete newbie in the world of automated trading systems. After all, the performance of this software has been tracked for less than 1 year, and so this is the same data sample that we shall be using to write this review.
First off, the performance of this trading system is worth attention. If you are a starter in Forex trading, then you should know that this system is fully automated, although this fact was not mentioned in their myfxbook page.
The broker which they were using to test this software is called Synergy FX. There is nothing wrong with using this broker though, because for one, they are registered and are being regulated by the very respectable Australian authority (ASIC).
The leverage that was used on the Keltner PRO was 100:1 on the MT4 platform.
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The myfxbook page was later updated to reflect trading results dating back to 2014 all the way to February 2017. During this period, the account had gained close to 6,000%
During the testing period, we realized that the robot script was basically trading these currency pairs alone: NZD/USD, GBP/USD, AUD/USD, USD/CHF, and EUR/USD.
Keltner PRO performed well in the early months of 2014. However, 2015 seems to have been a terrible year for this robot as it had some losing months. In 2016, it suffered 4 losing months too. The highest draw down that was ever recorded in that year was 26%.
And now in 2017, the system appears to have performed relatively well in January and February. However, if you compare these results to the previous years results, you find that this robot performed dismally.
When we focus on the trading strategy of this system, we see that it was designed to take advantage of break out formations. This way, the Keltner PRO trading system was meant to enter the prevailing direction of the market in order to take advantage of the volatility.
This explains why positions are tightly grouped together with periods of inactivity from this software. At the same time, we see that this software is prone to closing all open positions simultaneously.
But do results make us confident that Keltner PRO is worth buying? Don’t rush yet. There are many things worth discussing about this trading system.
This trading system is not necessarily cheap as the price of one license goes for $500. There is also the option of purchasing it in 3 monthly installments where the vendor will give it to you for the price of $600 in total. In other words, a trader needs to pay $200 each month until they are able to complete the payment in 3 months.
Generally, there is no need to rush in buying an exorbitantly priced expert advisor when most genuine expert advisors today go for a lot less than $500.
Personally, I would never dive into this deal when other legitimate robots are offering better results for way less that price tag.
Secondly, we do not think that this software is really worth that price tag. Even if you were to obtain Keltner PRO for purposes of testing, it would still be very expensive for you. It doesn’t make sense testing a robot for $200 just too see whether or not you will like it. But of cause this is also a case of whether or not $200 is a lot of money for you. Let us just say that price is largely a personal or subjective issue.
Although Keltner PRO first indicated that it had a huge potential of generating Forex profits, that may not be the case now.
As you can see, the myfxbook account of this trading system was stopped. The possible reason why this system is no longer being tracked is because it probably crashed that account, so the owner decided to stop it altogether.
At 57% DD, we can say that this is not the safest trading robot to use on any live account. Unless you are willing to commit financial suicide, we do not see how you can go ahead and engage this software to trade your money.
No pun intended. But this man tells a story that traders may never want to believe. In this story, we read about a magical Forex trading system that achieved overnight profits.
We are actually talking of a trading system that was purported to have generated $112,987.12 in real Forex profits. Jared claims that these are real and verified figures.
Jared claims that if you sign up, he will give you access to a secret trading system which has been hidden from you for ages.
Then he proceeds to give us a tale where he narrates that he lost his father to Parkinson disease while his mom was diagnosed to Alzheimer disease shortly afterwards.
The storytelling goes on and on until it reaches a point where Jared says that he was later diagnosed with Diabetes due to stress and so on. Why did he catch Diabetes? The answer is ridiculous? He was sweating his balls, burning midnight oil in such for a magical trading system that would turn in easy profits.
Then he made his ”breakthrough one Thursday morning at 3.14 AM. Keltner PRO was born.
At this point in time, we better skip the rest because this story is long. Let’s proceed to the stuff that matters.
Indeed the Keltner PRO trading system is one of the most expensive trading robots we have reviewed in this blog.
It is only fair that Jared should promise his customers a money back guarantee, just in case the ‘magic backfires’.
But the ”mind-boggling profits” are sure to come, only in the worst case scenario will Jared have to return money.
As it currently stands, Jared claims that there are only 400 copies of Keltner PRO that will be sold to the members of the public. But the first 200 will be sold for 50% off. The other 200 will be sold for the full price of $1000.
We do know that this is pure marketing. Jared simply wanted to create demand, and one way of doing so is to pretend that you have slashed down the price so that people can buy the product. We are 100% sure that this trading system will never be sold for $1000. The price will always remain $500.
We neither trust Jared or his system, Keltner PRO. We don’t know about you. We find that an inactive Myfxbook account is not worth trusting enough to base a purchase decision on. Just use these products if you want to trade.
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