The Forex Dream Machine is quite an interesting development from the team at Automated MT4 Indicators. The team is claiming that they first started working on the algorithm of the Forex Dream Machine back in July 2017 when they built spaghetti indicator. The spaghetti indicator is designed to identify the most overbought currency in the home market as well as the most oversold pair in the whole market. When this has been done, the team believes that they will be able to better manipulate the two pairs by trading them against each other by taking advantage of the swings.
The leader of this group is called Alex du Plooy and they are operating out of Australia. When we looked at the website, we did not find an about us page to help us learn more about him and his skill in the Forex marketplace. However, Alex seems to be a very active person in the Forex trading community, having provided Forex trading tools since 2014.
In case you want to get in touch with the team behind the Forex Dream Machine, you are asked to use the contact form on the sales page.
So, basically, we are analyzing this trading tool to see if it can be a viable resource to those who would like to trade Forex but have zero knowledge on how things work in this market place. However, if you want to get started right away, we ask that you work with these Forex robots/resources as they have been tested and approved by our team.
The first thing we will do in this review is to look at the Forex Dream machine, their spaghetti indicator and then the developer and his experience in general. At this juncture, we can say that the description and also the analysis they are giving concerning how their tools work is quite impressive. This developer has taken it upon themselves to provide a more in depth explanation on the methodology which they are using. They are telling us that this is apparently the reason the Forex Dream Machine is quite special compared to many others (some of which we have reviewed here).
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According to Alex, this software is working with the RSI tool. It uses it to monitor and aggregates the figures so as to identify which currencies can be traded as well as which areas of the market would be best to exist these trades if taken.
In addition to that, Alex has put a brief video clip on the sales page of the Forex Dream Machine where he explains that this software has the ability to double your trading account in an extremely short period of time. We are not taking this as a reassurance though because nothing can be guaranteed when it comes to trading the Forex marketplace.
In addition to that, the developer goes an extra mile to list every settings of the Forex Dream machine expert advisor. This can be found on the sales page. We must say that this is quite a rare thing in the Forex marketplace. We have done so many reviews – the likes of Set Forget Pattern profit system and many others but have never seen such a thing before.
So far, we have discussed that this Forex trading robot is taking advantage of overbought and oversold indicators to take trades in the market. It trades all pairs and in all time frames. However, the price of this robot was not disclosed, which makes us wonder what it could be worth. Most of the time when a developer is not disclosing the worth of their product, it could mean that the product they are selling is quite costly.
Whereas the strategy is thoroughly laid out for everyone to read and understand before purchase, we don’t understand why exactly the ordering process is that convoluted. We tried signing up to figure out how much this software was costing but to no avail. So the question we are having for this developer is why they are making it nearly impossible for clients to obtain a copy of what they are selling.
There are 3 ways to pay for the Forex Dream Machine. The first way is to pay through PayPal. When that link is clicked, we are led to a page that tells us our transaction isn’t secure. When we try the EA factory link (apparently this EA can be purchased from that website), we are taken to a page dedicated to existing clients of the Forex Dream Machine. In other words, the first two ways to purchase this EA are not practical. So that means clients who want to purchase the EA must explore the third option which involves purchasing with Bitcoins. When we follow the ”purchase with Bitcoins” link, it takes us to a website we have never heard of before.
Therefore, the purchase of this robot looks like a very risky expedition. The reason Alex could be losing potential clients is because he has not worked on the payment options, and so potential buyers aren’t feeling safe trying to buy with spammy links.
Having said that, we are still faced with the issue of trading performance for the robot. Can the Forex Dream Machine prove its worth through a myfxbook or FX blue platform?
Alex is showing us a short clip depicting trading performance for this robot. Basically, this clip contains back testing dating back to 2017 and the potential profit that each pair can gain in those backtest. It is also showing us the Forex Dream Machine trading the markets.
However, the section that is showing trading results for this expert advisor does not tell us anything to do with the profitability of this robot. In short, the trading results of this automated solution are not quite transparent.
The Forex Dream Machine developer has failed to provide us with satisfactory performance. We are therefore looking to take advantage of these proven FX robots.
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