Forex Progress Bot Review: ForexProgress Bot is an Expert Advisor that was developed by Rita Lasker and the green Forex group. Today in this ForexProgressBot Review, we will check 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
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guide you on what trades to make or pass on. It even automatically starts 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.
ForexProgressBot EA Review
This EA is a creation of Rita Lasker and the Green Forex Group.
The sales pages claim that this robot allows traders to gain up to $18,022.93 in a month, with minimum effort from the trader.
This is not the first time a product from Rita Lasker has made these sort of promise but fall short of actually delivering it.
How Forex Progress Bot EA Works
In this section, we cover the strategy of the EA. We also looked at the trade result if they provide any. 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 Platform, it works on multiple currency pairs: EURUSD, EURJPY, GBPJPY, CHFJPY, EURGBP
The team doesn’t provide any information on the strategy their EA uses
Forex Progress Bot EA Price
$99-228
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 could not find many reviews by customers who had used this EA before, at least not enough to form a conclusive decision.
Read our latest review on Davinci Fx to get a view of how other EAs work
Conclusion
After going through all aspects of this EA, they do not satisfy us with gaps between what it promises and what they deliver, especially when considering the price range.
This EA is on the expensive side, and as such we won’t be recommending the use today as we aren’t sure of its efficiency.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
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Strategy: Scalping
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Currency Pairs: All Pairs
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Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
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Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
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