The Fall’s presentation is characterized by scant information about the indicator. Apart from a few listed features, customer reviews, vendor’s profile, and publication details, we are not informed how it really works or performs. Therefore, you wouldn’t know what to expect until you buy it and track its performance. Obviously, this may inconvenience traders who would particularly want to invest in a tool that has a proven track record.
The Fall can be rented at an affordable price of $50. You can renew this subscription annually. So, a lifetime license is unavailable.
The Fall trading strategy
The Fall mainly works by showing traders sell reversals. For that reason, you are advised to take the arrows in a downtrend only for best results. The developer thinks that this makes it a great arsenal to add to any chart. Unfortunately, it is still unclear what criteria the robot uses to identify lucrative trading opportunities. We cannot ask you to blindly trust the signals and use them to place sell orders. You might get burned. Bruce needs to explain the indicator’s strategy in a comprehensive manner if he expects us to have faith in it.
The Fall features
The vendor describes the features of the indicator as follows:
- Designed for desktop MT5 only.
- Mobile and desktop alerts are available.
- Works on any MT5 pair or timeframe.
- Offers arrow signals alert at the “open of the candle.”
- It doesn’t repaint.
- Coinexx is the recommended broker.
- Provides entry alerts.
- Great for scalping and swing trading.
- Perfect for new and expert traders.
The Fall backtesting results
Backtesting results are not part of the Fall’s presentation. This is very unsettling. It could be that the developer introduced the tool to the public before testing it. That being said, you may suffer some substantial losses in case the strategy turns out to be ineffective due to some flaws that could have been identified and rectified during the testing period.
The Fall live trading results
Live trading results aren’t available either. The developer doesn’t allow us to get a picture of the indicator’s actual performance in the current market. Consequently, you can’t know for sure which kind of outcomes the system can bring you. Does it have a high or low profitability rate? What of the drawdown level-is it high or low? Is the risk/reward ratio good or bad? How are the win-rates? We would like to have answers to these questions. So, the developer needs to open an account with a site like FXBlue or Myfxbook.com for traders to see if the indicator’s trading outcomes are favorable or not.
The Fall reputation
The Fall is the invention of Bruce Webb. He has 5 other products to his name, and some of them include Bruce’s Price Predictor Dashboard, Bruce’s Price Predictor, and Bruce Session Indicator, which is being offered for free. Bruce’s trading tools have been downloaded 2068 times for demo purposes. His profile further reveals that he has been trading Forex for 2 years now.
There are several positive and negative reviews for this trading tool. Whereas most traders term this product as great and excellent, there are others who disagree. One of the dissatisfied clients asserts that the Fall is not working and he didn’t receive a refund. Although the other negative review is written in Russian, we were able to determine that this particular trader is saying that the tool is useless in life. Therefore, what these two traders have experienced could become your reality if you decide to use the indicator.
The Fall review summary
- Strategy – 2/10
- Functionality & features – 4/10
- Trading results – 2/10
- Reliability – 2/10
- Pricing – 6/10
We believe that the Fall is a scam product. The vendor is probably using the cheap pricing to trick traders into buying it. Before you realize it doesn’t work like the two traders above, the developer will have profited from your money. Moreover, the lack of backtest results, live trade data, and a clear strategy explanation are big red flags. Therefore, you are better off without this indicator.
