EFC Indicator was introduced as the easiest way to spot reversal trades on any time frame. It was designed and tested by a Trading Strategy Guides company. The promo tells us that we can “Find Winning Trades Within Sixty Seconds.”
The EFC Indicator pack costs $99. The pack includes the Indicator, allowing trading on MT4, backtest reports, a special strategy report (what’s this?), auto filter, and 20 additional strategies (which ones?). The feature list looks unclear because of the lack of explanations. The vendor provides a 30-day money-back guarantee.
EFC Indicator Strategy
- The indicator works with data received from RSI (Orange Candles) to find the reverse trend opportunities.
- It sets a 50 Candles Look Back Line.
- It marks Divergence Detection (dark Blue Candles), so we have to be ready to open a trade.
- When an Indicator of the Short or Long direction lights – we have to open an order with the received Stop Loss, Take Profit, and Entry Price levels.
EFC Indicator Features
EFC Indicator has the next list of features:
- It can be run on various platforms: MT4, Ninja Trader 7, and Ninja Trader 8.
- It’s a manual trading solution.
- The indicator shows only 300% RIO trading opportunities.
- It analyzes 36 different charts and timeframes for potential trade entries in under a minute.
- It automatically sets a 50-candles look-back bar.
- With this indicator, we can place a pending order to get in trade automatically.
- The Indicator draws Stop Loss and Take Profit lines on the chart.
- As we can see, the indicator shows trades at any time frame.
- EFC scanner spots trading opportunities searching through all symbols at seven time frames.
- If we click on an arrow, we can see where the market goes after spotting the trade opportunities.
- The system allows funding up to 210 trading setups through a single dashboard.
- We can get notifications via pop-ups, email, and smartphone.
EFC Indicator Backtesting Results
The presentation doesn’t include backtest reports. It’s an often case for indicators because they’re not completed software, but providing them would be a great sign that it’s good to go.
EFC Indicator Trading Results
The vendor doesn’t trade results that were received with the usage of the indicator. This is a huge con because we can’t trust by only words that it’s profitable, has good accuracy, works well with all symbols on all time frames, doesn’t force us to sit in the huge and consistent drawdowns.
EFC Indicator Reputation
The company has a discussable reputation because it formed a total price in a scam way.
We have seen many indicators on MQL5 that have this feature and costs $70-$110 for a copy with allowing trading on several terminals. When people understand that the developer tried to cheat with them, they just quit the site.
All these statements are an iconic scam. The Indicator can cost like 20 expert advisors. That’s it.
Selling support that must be free for any price – is a scam.
Most of these books are download-free on the web.
The company has a profile on Trustpilot with a 4.0 rate based on 706 reviews.
There are many reviews that claim that the developer didn’t provide anything like proven trading results to convince us the system is profitable. There are a sustainable refund policy and endless spam via email.
There are issues with reselling personal user data to third-party companies.
EFC Indicator Review Summary
- Strategy – score (4/10)
- Functionality & Features – score (6/10)
- Trading Results – score (8/10)
- Reliability – score (6/10)
- Pricing – score (7/10)
Conclusion
EFC Indicator that was designed by Trading Strategy Guide is a scam that was introduced as a scam as well. The presentation lacks proof that the system shows truly profitable signals and has a high risk to reward ratio, win-rate, and low drawdowns. We don’t know for what symbols the Indicator works better and what monthly pips we have to expect. The pricing was formed in a fraudulent way claiming that the BUY/SELL indicator can cost thousands of dollars. Of course, it’s a lie. Even the final price is out of place.
