This review looks at Antonis Michos’s Trendax Forex robot and the services it offers, we go through their strategy, price, and client feedback. Is Trendax EA a scam? We answer that question in this review. Read through our Trendax review to see what experts have to say about Trendax Expert Adviser.
Table of Contents
What Are Forex EAs?
An expert advisor (EA) is software that directs and guides 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 an 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 many 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 they offer and other 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.
Trendax EA Review
Trendax was created by Antonis Michos and was uploaded to the marketplace on the 19th of March 2020.
How Trendax 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.
Trendax EA uses the 4H chart to find the trends and then the M15 timeframe to find entry points. Trendax does not use the martingale strategy or grid strategy when trading.
Trendax EA Price
The Trendax EA cost $90.
Client Feedback
Customer feedback is a vital instrument for us to offer 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 Trendax EA before, at least not enough to form a conclusive decision.
Read through our EA reviews like Smart Charts Review to compare and contrast the services they offer. You can also read our reviews onAlgominr, FxPriemere, and SwingVip.
Conclusion
Because of lack of feedback, we couldn’t gauge the satisfaction of the customers. Although we won’t recommend Trendax, it’s best to get a free demo if you insist on jumping into it.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
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Strategy: Scalping
Time Frame: M1, M5, M15 and M30
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
License fee: $147
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