Agimat FX Trading System is an Expert Advisor that was released in 2017 after undergoing a 2 month demo period and it was developed by Dennis Buchholz. It was created to assist traders navigate the often confusing road that is known as trading.
Today we will be reviewing Agimat FX to ascertain if the service this vendor is offering is worth the purchase. Read through our review to see what experts have to say about the Forex trading software.
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What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guides you on what trades to make or pass on, it even automatically initiates and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
We cannot overstate the advantages and usefulness of an Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal provider to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Agimat FX Trading Sytem EA Review
This system that was created by Dennis Buchholz has been termed as a neural network that works with more than 5 million data points. Agimant claims to utilize Artificial intelligence to learn and improve from previous mistakes done in the market.
How Agimat Trading System Works
In this section, we cover the strategy and methodology the EA works. We also take a look at the trade result if any is provided. For the trade results we hold results that are posted on myfxbook to be standard but we also consider fxblue and other alternatives.
This EA works on the MT4 and the MT5 Platform, it works on these currency pairs: EUR/USD, USD/CHF
According to the website, Agimant FX Pro EA use Trade reversal implements where traders are afforded a smaller risk than the reward and a bigger chance to get a longer distance to the optimum target.
The EA also implements a very efficient hedge feature that protects the trader’s account against any significant losses. This hedging system is activated only when a dangerous situation is identified during a running order. It solves the situation by finding a workaround and minimizes the losses and produces a win. This is the reason why some of the trades are opened by the EA for more than a single day.
The website also states that the EA uses EA uses Maxwell’s Equation Future Prediction indicator while confirming trading access. This can be greatly noticed when trades are made manually. Thus, the Agimat FX pro-EA combines both the above-mentioned indicator and a sophisticated hedging system to produce favorable results.
Agimat FX Trading System Price
The EA has a price of €287, this comes with two MT4 account installations, free updates and free forex signals via an automated trade copier.
Customer Support
They provide a contact form
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We couldn’t find enough reviews by paying customers to come a decisive conclusion about this particular EA.
Conclusion
Agimat gives enough vague details to make them seem legitimate but not enough details to actually confirm the legitimacy. The lack of reviews and the lack of verifiable results raise room for doubts and suspicious in our minds. Apart from that, this EA is quite expensive and they are better-known alternatives for a cheaper rate.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
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Strategy: Scalping
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