New Hope is an EA provider, it is owned by New Hope Inc Ltd, and they are located at International House, 24 Holborn Viaduct, London, United Kingdom, EC1A 2BN. Today we will be reviewing New Hope to ascertain if the services this vendor is offering is worth the purchase. Read through our review to see what experts have to say about this EA vendor.
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 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.
New Hope Review
The sales page of newhope.uk.com states that the company was started by several trades whose goal was to create a highly profitable trading robot. They go ahead to claim that they factored the multiple nuances of the pricing logic for the financial instruments of the currency and securities market during the development process.
They also claim that the EA was built with the accumulated experience and a lot independently conducted research and a team of specialists in their field with a high level of technical and financial background. They don’t give the name of these experts or the particular expertise they posses
How New Hope 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.
New Hope doesn’t provide any insight on the strategies that any of their EAs use. We find this dissatisfactory especially at the price range of their EAs
New Hope Price
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 as we hope we could find but we found one negative review where the individual in question complained about losing $3000.
Conclusion
We can’t recommend this, at least not at the time of this writing. New Hope gives no detail about their EAs and like earlier stated, we find this dissatisfactory because of the price range.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
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2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee