DragonCell Forex EA is the latest addition of Expert Advisors that’s being referred to as “a revolutionary Forex trading software just for you.”. Learn the disturbing facts about DragonCell Forex EA by reading our comprehensive and factual review. As many of you have learned by now, looks can be deceiving and EA DragonCell Forex is just another shining example of how a seemingly legitimate investment opportunity is actually sour and rotten to the core. Extract the truth from this honest review and why you should avoid the DragonCell Forex Expert Advisor.
DragonCell Forex EA Review
DragonCell Forex EA is very much like many other Forex Expert Advisors. Appearing as a safe investment opportunity, DragonCell Forex pulls off a convincing act appears to be genuine and trustworthy. This can greatly be contributed to the eye-catching site design coupled with endless inconclusive reviews that rank highly on search engines that neither condone or endorse the usage of this site but include affiliate links all the same.
While the strategy isn’t discussed in much detail, we are told that the Forex Gold Investor the software is built to win trades in all market conditions and will leave “a trail of breadcumbe that you only have to follow, leading to massive profits.” Basically, they tell us that they use an advanced detection system to capitalize on breakout opportunities. It is not discussed how, but the software is also built to be “Economic-Uncertainties proof,” which means that it won’t lose when there are economic uncertainties. They don’t tell us exactly what this data is, but that they have hardwired into the expert advisor to ensure that the system trades at a high win loss ratio of 3:1, and that it would take 3 losses just to account for one win but the trading statement on FX blue paints a very different picture.
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The sales page shows that the software is currently being offered at $129/1 license, $199/2 licenses, $349/4 licenses. It trades on the EURUSD, GBPUSD, USDCHF, USDJPY pairs.
DragonCell ForexEA Trading Results
Before we get into detail, it’s important to recognize that the trading results for DragonCell Forex EA are using FXBlue to host their statement. This is not the most reputable Forex statement host as we’ve seen a handful of accounts cheated in the past.
In this case, the results do look legitimate. The trading account has been running for 57 days and they are showing a modest weekly return of 7.8%. Keep in mind that these results will change over time and we won’t be updating this portion of the review to accomodate for
One of the oddities we picked up in the sales page is the fact that the developers claim that their software has a 3 to 1 risk reward ratio. This is far from the truth. The largest winning trade is 35 pips, while there have been losses ranging from 38 to 151 pips. This is not 3 to 1. The robot wins around 55% of its trades and looks to have reasonable trade logic from what we can see from the results.
Review Verdict – DragonCell Forex EA is a Scam
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Our best advise for you
DragonCell Forex EA failed our scam test of legitimacy and it goes without question that this Forex EA operation is a scam. The only reason why this Forex scam is still in operation would be because the owners behind this site have been able to remain anonymous and that marketers are still promoting this EA scam, thinking that they will receive a generous payout for misleading investors out of their money. Make sure to avoid these crooks and any site that is not flat out saying that.