Innovative EA Review
Are you searching for the Innovative EA reviews in order to find out what is AlgoTradeSoft’s Innovative EA and how it works. The EA takes advantage of an adaptive trade management algorithm and costs nearly $30,000, so is it scam or legit? You are absolutely in the right place because here, within our Innovative EA review, you are going to find out the complete truth about Innovative EA.
Actually, we don’t recommend anyone to use Innovative EA. If you want to know why, then you can find the details within our Innovative EA review as below. If you don’t want to find out more details on it, but instead want to find out the legit Forex trading software, then you can click this link:- Best Forex Robots.
OK, let’s begin with our Innovative EA review in order to find out what is Innovative EA in real.
Innovative EA Contact: No location displayed for the ISIT GROUP INC. Traders can get in touch with support by emailing email@example.com.
How Innovative EA Work
Considering the ridiculous price of the Innovative EA, it makes me wonder if writing this review is even worthwhile.
I might be doing exactly what they want, and giving AlgoTradeSoft publicity, as it’s very possible that this is the main purpose of this advertisement.
Regardless, the EA “is based on the breakdown of the most important support and resistance levels.” The developers tell us that they’ve back tested and optimized the software properly, to ensure that it has passed every single stress test they’ve put it through. They believe that through statistic collection and slippage control that they are able to control the quality of every single trade that is placed.
The robot takes advantage of trailing stop, specific operation hours and built-in money management for those that are interested in using it.
- Type: Forex EA
- Price: $29999
- Strategy: Support & Resistance
- Timeframe: M30
- Pairs: EURUSD
Again, I don’t want to beat a dead horse here but it’s hard not to look at this price tag and run in the opposite direction as fast as I can. It’s possible that the vendor is attempting to reach some sort of premium market, but I’m not seeing a product that is head and shoulders above its competition. In fact, there are systems going for around $200 that would certainly out trade the Innovative EA.
I’m not exactly sure why the developers are taking this approach, but I believe it has something to do with getting traders to sign up with the AlgoTradeSoft partnership service. This is a sort of PAMM type investment where the developers promise large gains as long as the traders deposit big chunks of money for them to invest. I’ve never seen this as a viable opportunity, nor have I ever wanted to hand over thousands of dollars to a company with no sign of a registered license.
There is a link to the Innovative EA’s “real account monitoring,” at the top of their sales page, but it no longer works. According to the page, the “EA signal is diabled and unavailable.” This is quite concerning, as it leaves us with nothing to go on except for a handful of old back test images. None of the back tests go beyond 2015, so they all need updates pretty badly.
With nothing but back tests, and the live account trading results no longer being available, I’m still searching for reasons to justify why this EA’s being priced so highly. I also have major concerns about why these live trading results are no longer available. We have to wonder if the account crashed, and if I paid for $30,000 for something to crash an account I’d be pretty upset to say the least.
There are currently 13 reviews for the product, which makes for a total of 4 out of 5 stars. I assume at some point the product was being sold at a much smaller price point, and that’s when these traders were able to get their hands on it. There hasn’t been a review since mid 2016, so it’s been quite some time since this Forex robot was being actively traded.
Our best advise for you
At the current price point, with no real trading results to go on I can’t stomach purchasing the AlgoTradeSoft Innovative EA at this point in time. I hope that this review helped you make the right decision regarding this software, and that you come back to Scam EA again soon to read more of our reviews. Please leave your comments and questions below the article now.