Price Action Forex is a company that shares its indicator with everyone. There are some other services: copy trading, trade manager trading solution, and some educational materials. We are going to check this service and analyze whether it is a reliable option to invest in.
Price Action Forex trading strategy
- The indicator uses a price action strategy to execute orders.
- We don’t know details about trading pairs and the time frame the system works on.
Price Action Forex features
We have gathered all possible information for you in the list to be sure you make the right decision.
- The system just informs us when we have to open an order and in what direction. The rest we have to do manually.
- The main strategy is Price Action.
- The developers insisted that there are “over 701,463 traders trusting this strategy worldwide.”
- We should rely on stable profits if it’s true.
- The system can be applied to Forex, Indices, Commodities, Stocks, and other financial instruments.
- The developers have been working for thirteen years on the market.
- “We can enhance our trading knowledge with free trading analysis.”
- We should be free to ask questions if we have one.
- They allow us to have an “entrance ticket.”
- The support is provided 24/7.
- The accuracy can be as high as 90%+.
- “The world’s leading banks control over 79% of the Forex volumes. And this provides the power to control the prices in the short-run and long run. Traders try to apply strategies to the market which is not controlled by them. This is the reason for such a high failure rate in this market.”
- PAFX Secret Indicator allows us to get access to “secret strategy.”
- It trades when the bank trades.
- “Banks frequently manipulate asset prices to hunt for retail traders’ stop losses. How they do it is by raiding prices above or below supply demand zones, significant highs, and lows.”
- The system focuses on analyzing a break-out strategy to understand if it fits in every single moment.
- The indicator is able to do: “if we see, the price has broken a high, but the indicator has not, it simply means that the high is fake and we should look for selling opportunities. Vice versa, if the price has broken a low, but the indicator has not, it means that the low is fake and we should look for buying opportunities.”
The indicator is sold for $79 with $100 of the discount. The package is featured by the software, trading ideas, backtest, and a book about how the system works. We don’t know if the rest is viable.
Price Action Forex backtesting results
The presentation doesn’t include backtest reports at all. It’s weird because any strategy should be tested before becoming an indicator or expert advisor. It’s important for us as well because we may know from what broker the tick data was received and what results the system can achieve.
Price Action Forex live trading results
We have no trading results provided at all. It’s the most crucial con because we have no idea if the system works properly on the current market data. It also means that the developers don’t want to risk their money to show that the system is stable and we can entrust our money to it. So, we have no data about the current accuracy, average monthly gain, drawdowns, absolute gain, profit factor, trading in different directions, pips gained, strategies applied, and so on.
Price Action Forex reputation
There’s a page of Price Action Forex Ltd. on the Forex Peace Army created. We have only negative reviews, and there are 55 of them.
People shared their opinions that the system is a pure scam and must be avoided.
Price Action Forex review summary
- Strategy – score (2/10)
- Functionality & Features – score (2/10)
- Trading Results – score (2/10)
- Reliability – score (2/10)
- Pricing – score (2:10)
Price Action Forex Ltd is a scam company that tricked many traders and screwed their hopes. The system couldn’t be profitable and looks like completely random trading. Now, it’s too dangerous to rely on it, expecting that the signals from the indicator are accurate.
