ALA EA is a signal provider that debuted in early February 2020. It was created to assist traders navigate the often confusing road that is known as trading. The name of the team behind the creation of this EA was not disclosed. Is buying this EA worth it? 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.
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We cannot overstate the advantages and usefulness of 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 providers 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.
ALA Forex Robot Review
Ala Forex Trading Robot is a fully automated trading software specially designed for trading profitably with Metatrader 4 Trading Platform.
The goal of the development team behind ALA EA like any other EA is to “help their clients make the best decision that enables them to be successful in their forex trading endeavors from anywhere in the world.”
Their website offers three different reasons to use their software which includes a worry-free experience, lifetime support, and usage of the power of math.
How Ala Forex EA Works
Apart from not disclosing who they are; the team behind chose to also not disclose the principal or strategy that the EA works on, opting only to say that they follow trends and use the power of math in the long run. This is the closest they came as to providing any comprehensive insight as to their approach to trading.
The deal with the trading pair of USDJPY, USDCAD, EURUSD, and EURGBP, AUSUD, and USDCHF.
ALA Forex Robot Price
At the time of writing this, the packages ALA EA offer comes in a free demo account and a paid account that comes with the price tag of $349.
The paid version comes with free lifetime updates, optimized default settings, multiple FX pairs at once, detailed pdf manual, and dedicated customer support.
Customer Support
Only a twitter account and a contact form were made available as a means of contact with the vendors.
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedbacks on 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 many reviews concerning the product that ALA Forex EA offers.
Trading results are provided on the website of the EA but this cannot be trusted. We always prefer results uploaded on third-party websites where they can be verified.
Conclusion
ALA Forex EA gives enough vague details to make them seem legitimate but not enough details to actually confirm the legitimacy. The lack of reviews and the non-disclosure of the team behind it coupled with the lack of transparency in their dealings raise room for doubts and suspicion in our minds.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
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Strategy: Scalping
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