On Control EA Review: This EA is a Forex robot, one of the most expensive we have seen. Oncontrol.com doesn’t give any information about the team behind the EA. Today we will be reviewing on control 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.
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.
On Control EA Review
Like we earlier stated, On Control EA is one of the most expensive EAs in existence, priced at $2990. We found the website to be professionally designed. The sales page covers different things although it doesn’t give information on the developers.
The team behind this EA has promised that their product works on almost all types of accounts including, micro, mini and standard accounts.
How On Control EA EA 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 Platform, it works on multiple currency pairs: AUD/USD, EUR/AUD, CAD/JPY, EUR/CAD, EUR/CHF, EUR/USD, EUR/GBP, GBP/CAD, GBP/USD, USD/CAD, USD/CHF, and USD/JPY
On Control doesn’t provide an in-depth explanation or insight as to how their strategy works. The sales page claims that the EA works with different types of accounts and with the MetaTrader 4 platform.
On Control EA Price
There are different versions of the EA on offer. The version with a lifetime license with unlimited accounts is priced at $2990. Users can also avail a monthly rental at $99 per month or a $299 plan for three months. The MT% version of the EA with one IP and unlimited accounts is priced at $799.Customer Support
They provide a contact form for any communication.
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
After going through all aspects of this EA, we are not satisfied with gaps between what it promises and what it deliver, especially when looking at the live trading results.
Due to the lack of feedback we couldn’t gauge the overall satisfaction of the customers
We won’t be recommending this EA because of the lack of a detailed explanation of their strategy and considering the high price tag behind it
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
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