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Pivot Trader Pro is a Forex trading robot developed by an individual known as Doug Price. Doug claims he has been trading for many years and has been able to refine his trading strategies for the best performance. He then decided to develop a Forex trading robot that operates on this strategy.
Doug claims he uses the Invisible Markets Levels trading strategy. Additionally, he tells clients he can help them turn a $4,985 account into over $49,000 in less than a year.
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Doug explains that the strategy is based on a unique calculating of pivot levels so that to profit from profit reversals. These pivot points show levels of support and resistance that price has failed to breach during previous trading periods.
Moreover, he claims that the software is compatible with all Forex brokers that allow the usage of trading robots.
While this company may be legit, it has a few worrying features. We don’t like the desperate marketing style this company uses. It is always a sign of a company that is not making any profits in trading. Therefore, they decide to sell a trading robot for revenue.
Ensure you only invest in companies that have passed the legitimacy test. Only the best Forex robots can give you consistent profits that you are looking for.
Pivot Trader Pro Review
The developer of this software, Doug Price, claims he is making Pivot Trader Pro available to clients for two main reasons. The first is to help other people succeed in Forex markets. He claims that there is plenty of money to go around, and it’s something he is passionate about.
Second, he wants to release a Forex system to the public that is not a scam. His goal is to avail different systems that follow different strategies to allow users to pick the type of policy that fits their portfolio while ultimately supporting them along their journey with updates and assistance.
The Pivot Trader Pro software can be installed on any computer or VPS. You can install it on as many machines as needed. It is just limited to one account per license at a time. The software gives you access to the exact settings that Doug uses on his account.
The software comes with an installer that configures MetaTrader 4 for you and loads the files to the platform. You will only need to follow a few extra steps in the manual.
Additionally, you will receive free updates and settings, including any changes Doug makes to the settings of his system.
The software uses pivot points, which are price levels in a chart that shows support or resistance. These price levels are used by the robot to enter and exit the market. Doug observes that trade management is sometimes more important than entry point determination. Therefore, the robot gives traders extra features to carefully manage open trades and exit them safely.
The three main features that the software uses to maximize profit include trade management, money management, and triple trade verification.
This feature determines the most suitable time for closing an opened trade, so it’s not closed too early due to small retracements, and this ensures that traders do not lose too much profit by closing too soon or waiting too long.
The software features a powerful money management system that allows the trader to put a comfortable risk percentage to let the system select the trade lot sizes. Lot sizes are then increased as the account grows at a rate consistent with the present risk value. It is carefully calculated and keeps in mind available margins. Even when other trades are open on your account, it puts them into consideration.
Triple Trade Verification
The software features a three-step verification system to filter out bad trades.The oscillator filter looks for oversold and overbought levels, which are necessary measures to verify the validity of a trade. When an oscillator is overbought, the software signals a possible sale opportunity, and when it’s oversold, it indicates a potential buy opportunity. If the signals don’t match, the trade is skipped.
The trend verification uses daily time frames to see where the market is going. If the trend on the regular is up, it only allows buying signals on a pair, and when down, it will only enable selling signals on that pair.
Taking an entry signal before the candle closes is unsafe as the price action of a currency can trick the trader by touching a level or even going beyond it, but quickly it retrenches to where it was considered a wrong signal. Pivot Trader pro verifies it is a signal by waiting for the candle to close before taking action.
The software features two main payment plans. Either you can spend $799 to get a full lifetime license, or you can pay $347 per month for three months.
The company accepts payments through Skrill, Bitcoin deposit, American Express, Visa, Mastercard, and PayPal. We advise against using payment methods that do not allow tracing or recovery of funds. Therefore, if you can use another payment method, avoid the direct Bitcoin deposit option.
The firm offers a 60-day money-back guarantee. If you are unsatisfied with the services provided by the robot, you can contact the company and get your money back without questions.
Private Trader Pro has verified the Myfxbook performance record. The company is showing a 900% gain on a real SynergyFX account. Additionally, they boast of having only three losing trades out of 262 deals.
However, we are not so sure of this robot’s trading approach. There are points where the system trades for several weeks without closing. Therefore, you should not expect daily trades from this software.
Additionally, for us to fully trust the software, we would first love to see trading results from a real trader who is using this software. Past performance is no guarantee for future performance.
The trading approach could also be tricky because it takes too much time to gather small wins and too little time to lose everything completely. It takes three to four months to build the account and then one bad week, and the report goes bankrupt.
Pivot Trader Pro has mixed customer reviews online. Some are saying the software works well for them. However, some are complaining that it is losing them too many trades. One client says the software does not reduce the lot size even when it is on a losing run. It is a cause for concern. You should only invest in trading robots that quickly adapt to market setups.
While this company seems legit, it has a few red flags that cannot be ignored. Doug Price is using an aggressive marketing strategy that only shows his desperation to get people’s money. He is promising to help you make so much money that you can quit your day job.
Moreover, the software has proven that it can lose profits faster than it can make them. For these reasons, we cannot recommend this robot to you.
Only the best Forex trading robots can give you the kinds of returns you are looking for. Moreover, these companies have proven that they can maintain profitability for a long time.
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