In this Renko scalper ea review, I will reveal all the important information that you need to know before buying or using this forex robot to trade.
|Currency Pair||GBP/JPY EUR/USD|
|Historical ROI||Not Available|
SHOULD YOU BUY THE RENKO SCALPER EA
For the sake of testing, then I might not be against buying the Renko scalper ea.
But going by the high standards that I employ when reviewing forex systems and robots; the Renko scalper is not worth investing in.
There are 6 major things to consider before buying any forex robot;
- Is there a real person behind the forex robot?
- Is there a live account proof?
- does it make claims that are too goo to be true?
- Test after Buying!!!
- Consider the Pricing
- Consider the underlying strategy and design
After taking time to analyze this forex robot, then my professional answer would be that you should not buy the Renko forex robot.
Let mention a few important things to consider
Renko Scalper EA – STRATEGY CHECK
Before investing in any forex robot, you should have a clue of the underlying strategy and if you have some trading experience, you can decide this strategy meets your trading philosophy.
The Renko ea is definitely employing a scalping strategy.
The question is, did the creators do a good job in creating a robot that minimizes losses and drawdowns?
Will it make profits for you; you will find out below
The Renko Scalper Does Not Have A Live Account Proof
and this is the most important factor to consider before buying any forex robot or expert advisor.
The Renko Forex robot does not have a live account to prove its money-making abilities.
What you will find on the website is an image of trading results. Meanwhile, such an image could have been edited just to trick us to believe that this system truly works.
Therefore I can tell you from experience that this trading system is not worth investing in.
Renko Scalper – Backtest
Backtest means testing a robot against past forex market situations using past data and real happenings in the forex market.
For some forex systems, a backtest could be enough to tell if such would make profits for you.
Therefore, it’s baffling that the Renko scalper ea does not provide at least a backtest proof to show what the robot could do in terms of performance.
Summary – Review of Renko Scalper EA
My friend, kindly save your money, Renko scalper is not worth buying.
If you found a way to download it for free, then you can try it out on your demo account and test it on your own.
More to read
Review of the Odin Forex Robot
Review of GPS Forex Robot
Leave a Reply
You must be logged in to post a comment.