Forexbreakoutbot.com Review Is Forex breakout bot Scam or Good Read!

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Forexbreakoutbot.com Review: Is Forex breakout bot Scam or Good? Read!

Forex Breakout Bot Review: forexbreakout bot is allegedly the best system that will guide you into making money without back-breaking losses.This software was allegedly developed by experienced traders.

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What Is Forex Breakout Bot

Forex Breakout Bot is a brand new expert advisor whose developer promises to revolutionize your trading record in 30 days. They claim that this will happen using a simple system with proven results.

According to the information on their sales page ‘the bot instantly identifies when there is a sudden change of momentum and makes consistent and profitable trades based on our powerful Break and TakeTrading Strategy that the bot uses.

Forex Breakout Bot Details

  • Type: Forex Robot
  • Price: $77
  • Strategy: Momentum
  • Timeframe: H1
  • Pairs: EURUSD, GBPUSD, NZDUSD, USDCAD

Forex Breakout Bot Review: What You Should Know About Forex Breakout Bot

Though the sales pitch on forexbreakout.com is quite convincing, we found one or two disturbing things which we think this expert advisor needs to look into before we venture into using the bot. Firstly, though a verified myfxbook account is provided by this expert advisor, there are no proof of trading performance, We believe that the first account is probably not ripe for showing results yet. We also think it is proper for this vendor to allow these accounts to run for about 3 months before they can begin selling this robot to the masses. Secondly, a thorough investigation online on the creator/creators of this robot proved futile. This means those behind the Forex breakout bot don’t want the public to know who they are. This leaves us with the question “Why are the Owners of Forex Breakout Bot hiding?

  • Very low price
  • Verified myfxbook accounts

  • Lacking strategy detail
  • Myfxbook accounts small sample size
  • Unknown developer

CONCLUSION

We are not sure of this bot.They have not given us enough reasons to trust them. We advise you to stay away till they rectify the issues we pointed out.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

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Forex Breakout Bot Review

Forex Breakout Bot presents itself as a brand new Expert Advisor, with a bold claim of being able to “revolutionise your trading account in record 30 days.” However, after going through their website, no relevant information on the developer’s identity is mentioned. This is of course not uncommon when Forex EA and bots are concerned. However, the lack of transparency can raise a few questions among their user base.

The sales page which seems decently designed indicates that the application is designed for scalpers, swing traders and even day traders, with the algorithm designed to identify shifts in momentum. However, apart from a few examples, detailed information regarding the rules and parameters they follow remain missing. This can appear as a definite red flag to a lot of traders.

Features

As mentioned before, a detailed explanation regarding the strategy in use is absent in this platform. The robot seems to trade using a one hour time-frame which exhibits the characteristics of a momentum trading bot. Several currency pairs such as EUR/USD, GBP/USD, NZD/USD and USD/CAD are supported by this robot, which is priced at $77.

According to the website, the original price was fixed at $997 and was later lowered to $77 after offering a 92 % discount. Their payments are handled by JVZoo.com and accept Visa, MasterCard. AMEX and PayPal.

Trading Strategy

As mentioned before, the vendor of forex Breakout Bot does not include many of the pertinent information related to transparency. This includes its trading strategy. Even though it appears as a momentum trading bot, there is not enough relevant information on their website to confirm it.

Forex Breakout Bot Performance Tests

For evaluating trading tests or backtesting, we normally use information from a real (paid) account on authoritative sites such as myfxbook or fxblue. However, in Forex Breakout Bot’s case, the developers do not provide any such proof, providing several screenshots of a client’s demo account. Even though it is a new product, the lack of proof from any authoritative site raises more questions than it answers.

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