Ohlsen Trading is a company providing copy trading and signal service to traders. It claims to use different ways to provide the signals to its subscribers without needing to have any prior knowledge about Forex. The vendor promises great returns for a very small fee. For subscribing to the service, you need to pay €60 to €65 per month. Some of the features the plans provide include automated trading, 24/5 copy trading, and gains ranging from 4% to 13%. A free plan that offers 24/5 signals, manual trading, and membership to the Telegram group of the company is also present.
Ohlsen Trading Strategy
While the vendor does not mention the trading approach used, there are steps provided on how the system works. As the initial step, you need to register by furnishing the required info like the broker’s name and the MT4 account credentials. After you register, your MT4 account is loaded onto the vendor’s server for copying the trades. The vendor then applies the client EA to your account and after making the necessary setting changes, your account will be ready for copying the trades until the subscription duration.
Ohlsen Trading Features
As per the official site info, this service is capable of producing extraordinary results with a 99% win rate and profits of 4% to 13% per month. The vendor claims that although they see losses, they make gains of a similar amount to compensate for the loss in two to four weeks. A trial of 30 days is on offer for €2,5 which applies to all the subscription plans. As per the vendor, the price offered is cheap compared to other providers and the plans can be chosen from the different duration of one, three, and six months.
Ohlsen Trading Backtesting Results
No backtesting results are present for this service. Besides not divulging the strategy used, the absence of strategy tester reports raises a red flag. Although it is common knowledge that the backtest results should not be used to predict future performance, they are still used by traders to understand the strategy and efficacy of the system.
OHLSEN TRADING Live Trading Results
A live real USD account using the Pepperstone broker and automated trading on the MT4 platform is shown here. The track record and trading privileges for the account are verified by the myfxbook site.
For the account started on March 05, 2021, a total profit of 3.0% and an absolute loss of 3.11% are shown. A drawdown value of 30.44% and daily and monthly profits of 0.02% and 0.67% respectively are present. All other details related to the trading stats including the balance, equity, profit, etc. are hidden by the vendor. We can see similar hidden values in the advanced stats and the trading history. A profit factor value of 0.87 is present. The hidden values raise a red flag. They imply that the vendor does not want to reveal poor info related to the approach and performance of the system.
Ohlsen Trading Reputation
As per the details on the official site, the developers’ team claims to have 4 to 5 years of market experience and that they use different strategies with the current strategy being the best. There is no info on the founding year, location address, or phone contact. Further customer support is limited to an online contact form. The lack of vendor transparency and inadequate customer support options make us suspect that this is an unreliable service.
A couple of user reviews are found on the Trustpilot site. Here is a screenshot of the feedback.
We find that both the reviews have been posted on the same day. While the feedback is positive, the absence of recent reviews and lack of reviews on sites like Forex Peace Army make us suspect that the company is not popular among traders.
Ohlsen Trading Review Summary
Overall Rating 4.5/10
- Strategy – 4/10
- Functionality & Features – 5/10
- Trading Results – 4/10
- Reliability – 4/10
- Pricing – 5/10
Conclusion
Ohlsen Trading assures up to 13% monthly profits and 99% winning trades. Our evaluation of the service reveals that it is not a dependable company. The hidden data in the trading results, small sample size, lack of backtests, and no strategy explanation indicate the service is not trustworthy. Since performance is the foremost factor that tips the scales in favor of a system, the absence of a proven track record indicates that this is not a dependable company. Customer support is another factor that we found to be inadequate. Further, the lack of vendor transparency confirms that this is a scam service traders need to avoid.
