Forex Maestro is essentially an EA designed for short term success. For the majority of traders that purchased this product, they reported good short term gains, but failing long term trade outs. In a nutshell, this is a flawed system well in need of more extensive testing and reprogramming. Find out more in the full review.
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Forex Maestro – What’s in the package?
Package Details:
Forex Maestro Review
Website: http://www.TheForexMaestro.com/
Price: $197 (Limited Period Offer)
What you get: Forex Maestro Trading Robot System
Money Back Guarantee: 60 days
Forex Maestro – The Review
Forex Maestro is an erratic trading robot at best, and the general pattern of this robot seems to be one that capitalises on short term trades to make good money. Traders who have purchased this system would report that in the initial stages, usually 5 – 10 days, their accounts would grow steadily, but only to dive down hard and fast as the robot seems to uncontrollably enter into as many trades as possible.
300 stop losses for this robot is not unheard off and the recommendations for currency pairs seem inconsistent as well. You cannot leave this EA alone at all. In fact, for the most part, I had to manually configure the robot to make any sort of a decent headway. You needed to determine the daily trend of the currency pairs that you are trading in and set the EA with the derivatives of your own forecast. That will increase your chances of winning.
Which makes Forex Maestro a random trading robot. Winning trades seems to be more out of luck than anything else. This is a hit and miss product which requires you to exert control over it to make any sort of profit – which eliminates the whole point of the robot.
Conclusions on Forex Maestro
I would not recommend this product to anyone. It is far to cumbersome and the programming does not justify its high price.