Forex trading need not be a complicated process that requires precise skills and experience. With the help of automated trading software, you can master the process and earn profits easily. Super EZ Forex is an automated forex trading system that uses a simple trading algorithm for maximizing returns and limiting your losses.
Priced at $299, this system provides two license keys for two different broker accounts. The vendor claims that the system is compatible with several trading styles including swing trading, position trading, and day trading. In this review, our experts have done a detailed evaluation of the Forex robot. Find out their analysis results and recommendation regarding the reliability of the system.
Super EZ Forex Trading Strategy
Other than the mention that the system is a simple color matching algorithm, the vendor does not explain the strategy used which is disappointing. Despite the system being advertised as a simple one, we would like to know the strategy used.
In the FAQ section, the vendor explains that the trading strategy used is a unique one that provides relocation vs. repainting a built-in backtesting system. The ‘Evidence Dot’ helps in identifying the relocation of the arrows. In the case of predictive indicators or repainting, you will not find evidence of the previous location. The dot serves as a backtesting tool. Removing the dot and the arrows will change the system into a non-repaint category with full customization.
Super EZ Forex Features
Besides the color matching trading algorithm, the features revealed for this system include notifications via email and mobile, hot zones for confirming the stop-loss and entries and exits, and noise-canceling and trend filtering indicators. The system works on any time frame and is compatible with all currency pairs, metals, cryptocurrencies, indices, and stock.
On purchase of the system, you get the simplicity trading system, access to the Telegram group of the vendor, video guide, trade tracking journal, and a few other guides.
Super EZ Forex Backtesting Results
Results from backtests are not revealed by the vendor. Backtesting is an important tool in Forex trading as it helps assess the performance and efficacy of the strategy used. Without the strategy tester reports, evaluation of the system can be difficult.
Super EZ Forex Live Trading Results
A few trade examples are posted on the official site by the vendor. Here is a screenshot of one of the trade examples.
While the examples reveal the pips gained, time frame, open positions, and the spread, many important details are missing. For assessing the performance of the system, we need to know about the deposits, balance, profit percentage, drawdown, lots, etc. With trading results verified by sites such as myfxbook, FXBlue, etc. we can find all the pertinent details and evaluate the system effectively. Further, these third-party sites are reputed for their unbiased trading information.
Super EZ Forex Reputation
We could not find much info on the developer or the team behind the system. From the details provided on the About Us page, this system is owned by the Trible Arrow Trading System. The system deals in downloadable software related to financial investment, trading, information, and risk modeling. As per the vendor info, the software is useful for trading strategies that ensure gains in the Forex market. Other than a contact email address, the vendor does not divulge location info or phone contact.
Customer reviews for this system are not found on reputed sites such as the Forexpeacearmy, Trustpilot, etc. While the vendor posts testimonials on the site, there are chances of the reviews being manipulated. This is the reason we look for user reviews from third-party sites. The absence of user reviews makes it difficult for us to evaluate the performance, the support offered, and other vital info that helps us know whether the system can be relied upon or not.
Super EZ Forex Review Summary
- Strategy – 6/10
- Functionality & Features – 7/10
- Trading Results – 6/10
- Reliability – 6/10
- Pricing – 7/10
Conclusion
Summing up our review of the Super EZ Forex system, we find the system is focused on beginners in Forex. Claiming to be simple enough that even kids can trade easily, this system uses tutorials and guides to ensure hassle-free trading. There are a few downsides we noted with this system. The lack of verified trading results and backtests makes it difficult to evaluate the reliability.
While the cost is comparable to other automated Forex trading systems available in the market, the vendor lags in the refund policy. No money-back-guarantee is provided. Furthermore, we could not find user reviews for the system on reputed sites like Forexpeacearmy and Trustpilot. However, the live trade examples and the simple trading algorithm used by the system point to a system that can turn into a reliable one if the downsides are taken care of adeptly by the vendor.
