Forex Enigma EA (forexenigma.eu) is an automated robots signals works exclusively on the MT4 trading platform. The team behind this service and their location is unknown
Today we will be reviewing Forex Enigma to ascertain if the service this vendor has is worth the purchase. Read through our review to see what experts have to say about the Forex trading software.
Table of Contents
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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 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.
Forex Enigma EA Review
The website of this EA is scarce on relevant to judge its performance.
The team behind this EA is unknown, a quick search of the domain register revealed their location to be in Czech Republic.
How Forex Enigma EA works
Forex Enigma EA sales page is very simple, consisting of an FX Blue account, some minor strategy details, a couple back tests and a pricing section.
Forexenigma.eu claims that it uses a three-prong attack strategy, the site calls it a “3x innovative trading strategy.” This strategy uses a combination of scalping, trend trading, and grid management in conjunction with a news filter l to improve trading efficiency.
The robot seems to work best when it used on the EURUSD pair, and the H1 timeframe. The recommended leverage to be successful with it, is 1:100 and higher.
Forex Enigma EA Price
Customer Support
A contact form is provided for enquiries or whatever needs to be communicated.
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 any reviews by paying customers
Conclusion
Forex Enigma doesn’t give an in-depth explanation of their strategy.
We couldn’t find paying customer reviews to gauge the rate of satisfaction in the product
Although the website looks professional, the points above still leaves doubts in our minds and as such, we won’t be able to recommend this software to anyone.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
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Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
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Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
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Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee