Review of the Forex Outbreak EA
| EA Name | Currency Pairs | Timeframe | Strategy | ECN | 4&5 Digits | Take Profit | Stop Loss | Home Page |
| Forex Outbreak | Unknown | N/A | Scalping | Yes | Yes | 0 to 2 pips | 220 pips | Forex Outbreak |
Performance (Forex Outbreak EA Test Results)
License
Forex Outbreak price is 97$ through Clickbank.
Strategy
The Forex Outbreak sets up a stoploss of 220 pips and targets a really narrow number of pips (around 2 pips) using very high leverage. which is a HUGE indication of an imminent Future account blow-up.
Besides, any experienced trader knows that aiming for 2 pips works only on demo accounts. Since broker requotes, slippage and execution delay on live accounts will ALWAYS bring such systems down.
Forex Outbreak Recommended Brokers
FX Open and Iam FX are two brokers to consider when trading scalping forex robots.
Conclusion
The Forex Outbreak website is full of Blah blah blah… And gives you second and third offers when you try to navigate away.
The EA is very hyped out with no one single proof of performance. No Verified forward test results and no backtests. Only showing snap shots of edited trading statements and a video of selected time frames. The people behind this software are pure marketers.
Safe To Buy?
MAYBE!
The Forex Outbreak has not been approved for purchase yet because of no proof results being posted on their webpage, but it does have the Clickbank 60-day money back guarantee
Forex Outbreak Overall Rating
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October 6, 2010
#1
I have tried it, but find it losing , not using stoploss, . Beware. You can try it on demo, and get a refund if it does not work.