Evestin Forex Review Is this a legit forex robot

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Evestin Forex Review: Is this a legit forex robot?

The EvestinForex correctly spelled as Evestin Forex is a forex trading robot that claims to help clients move from ordinary people to become experts connected with extraordinary automated trading strategies. It is founded by Ivo Lushe who is a “robot trader” who claim that the future of business is in the hands of automated trading and that trading with robots promotes discipline, does away with emotions and gives confidence that are all needed to make profit and gains.

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How Evestin Forex Works

It is clear from onset as shown on the website that the robot monitoring the markets will be in the full control of the trader. From the Evestin Forex strategy guide it can be seen that there are four different robots, each with a detailed transparent show of how they work. Each trading robot comes with a pre-configured chart template with everything set for traders to just fill and begin with. There is a support team to help inexperienced traders each step of the way and also study the market to keep reviewing and adjusting the robots. The four categories of Evestin Forex robots have unique trading strategies, they are: SATOSHI, SATOSHI GOLD, SATOSHI FB, and GUNNER. There is a free ebook on the website that gives the details about the operations of each robot. The trading pairs made available are: EURUSD, GBPUSD, USDJPY and AUDUSD.

What Are You Required to Do?

To become a member of the trading robots team at Evestin Forex, you are to $99 every month. This price is for every robot in the package.

Support

To get help and information, traders are to send an email to [email protected]

Conclusion

Going through the information made available by Evestin Forex, it shows that these are real professionals that know their tea. The transparent manner with which they explain their strategy may also reveal that they have nothing to hide unlike many scam products. However, the program has been around for four years and it still does not have a certain positive review on the internet as the negative ones seem to tilt the scales. It is not a very popular robot for one that have been on the Forex trading for a while now so it is difficult to say it is a legit product. The pricing is another matter as though the presentation may seem enticing, there are cheaper robot packages available. The results that can be found in the ebook is also presented in a spreadsheet that can be tweaked to fit what they want people to see. They have no available Myfxbook account which is clearly a major concern. It is imperative for them to fix these faults to get more favorable reviews in future.

Evestin Forex Review

Expert Advisors and FX Robots are on the rise in the Forex trading market, allowing even novice traders to trade professionally with the help of an automated application. Evestin Forex is one such EA, which is the focus of this review. They offer four different Forex robots, each with a unique strategy.

Evestin Forex provides its users with a set of 4 efficient trading robots named Satoshi, Satoshi Gold, Satoshi FB and Gunner. The creator of the program, Ivo Luhse is also known for his work with another popular trading robot called DaraTrade. Initially launched back in 2020, the project still hasn’t gained the reputation or the popularity that some of its competitors have.

Product Offering

Type: FX Robot
Price: $99 per Month
Strategy: Multiple
Timeframe: Undisclosed
Currency Pairs: AUD/USD, USD/JPY and GBP/USD

Evestin Forex at a Glance

The system promises professional grade risk management, with only a small percentage of the user’s account being used on each trade. The risk level can be adjusted according to the user’s risk tolerance. The main website is very appealing and professionally designed. The Evestin team has also included detailed explanations of the components involved, as well as the trading strategy. It even provides a PDF that serves as guide for its users.

There are two important aspects about the robot that the developer wants the community to be aware of. The fact that the user has full control over the robot and its activities and that they have a proven strategy, is mentioned multiple times in the website.

Trading Strategy

As mentioned before, the Evestin team provides a free pdf that serves as a strategy guide for its users. This level of transparency and assistance is certainly a breath of fresh air when trading robots are concerned.

For instance, the Satoshi robot uses four high probability reversal patterns for its strategy; the Hammer, Shooting Star Bearish Engulfing and Bullish engulfing. The strategies of the other robots are further explained in detail in the PDF they provide.

Evestin Forex Trading Results

Prospective users usually look for proven test results from authoritative sites such as myfxbook or fxblue. However, in this case, detailed statistics are provided in the PDF they offer. It includes details such as win rate, average reward, to risk ratio, average trades per month and positive expectancy. They have also included some back testing results for each of the robots in a separate PDF.

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The fact that Evestin Forex does not provide a verified myfxbook or fxblue account raises questions about the legitimacy of the figures provided by them.

Customer Reviews

Evestin Forex has received both positive and negative reviews on various forums and review sites. Some examples are attached below.

Evestin Forex Review

Evestin Forex is an expert advisor developer launched at the end of 2020. There are four different robots and the creator of the program is Ivo Luhse. In order to get in touch with support, traders can email [email protected]

The creators of the trading program provide access to their automated trading programs, and ” pre-configured chart templates with everything set and ready for you to trade with bots.”

Evestin Forex Review

Recently, there have been an increase in adverts on automated trading software. In there promotion of there are a couple of aspects they want the community to be aware of immediately. The first, is that the trader is in full control of the robot, so they can adjust parameters and make it meet their expectations. The second, is that their strategy is not a black box. It truly has a trading strategy.

Evestin Forex Strategy Guide

During our review of Evestin Forex we noticed that the provided a detailed strategy guide for their clients which you can get here.

The guide is quite helpful in terms of navigating the trade approach of each strategy. It’s generally more than we even expect, which is a generous change from what we are used to.

The Satoshi robot, which is one of the systems in their package, uses four high probability reversal patterns for its strategy. The Hammer, Shooting Star, Bullish Engulfing and Bearish Engulfing.

The other robots are also discussed in detail, but you can read through the PDF to see the full analysis of those strategies. There is no reason for me to breakdown each one here.

Robot Analysis

  • Type: Forex Robot
  • Price: $99/month
  • Strategy: Multiple Strategies
  • Timeframe: Undisclosed
  • Pairs: EURUSD, GBPUSD, USDJPY, AUDUSD

Subscription

The price of an expert advisor should be minimal in order not to inflate the non trading fees of trading. The Evestin Forex ticket price is quite expensive at $99/month. With this, you do get access to all of the robots in the package, but it is still significantly higher than some of the best EA’s in the market. This makes it difficult to recommend, but that doesn’t mean it isn’t an intriguing offer.

Timeframe

When you want to buy an expert advisor but you are considering which one has the best time frame for you, there are three time frames you should bear in mind; Long term, Short term and Intraday.

Evestin Forex time frame is not disclosed, that means you don’t know the frequency the robot will be entering and exiting trades.

Trades on Major Pairs

When you trade in the forex market, you buy or sell in currency pairs.

Evestin Forex deals on only major pairs; EURUSD, USDJPY, AUDUSD, GBPUSD.

The majors are the most liquid and widely traded currency pairs in the world. They account to about 85% of Forex trading.

Trading Result

SCAM EA reviews hundred of Forex robots/Eas, and the best way to determine if a EA developer service is legit or a scam is by verifying their result. The way investors properly compare a Forex EA result, is by checking to see if their results are published in a public statement sharing site, like myfxbook or FXBlue.

The PDF provided by the Evestin Forex team offer statistics about each EA, which include their win rate, average reward to risk ratio, positive expectancy and average trades per month. Then, traders are provided access to a PDF where different statistics from each robot are shown, but the these numbers look like they are from back tests. Which, is an unreliable method of showing trading results in 2020.

They bottom line is, they don’t have any verified trading results. Just a spreadsheet which they could easily manipulate.

They do have a Myfxbook page, but the only trading account they had uploaded on their “was either removed or doesn’t exist.” It would be very beneficial for the team to upload the accounts of each system, so we can see how they truly perform. The results as they stand, aren’t transparent, and don’t provide enough real insight.

Evestin Forex Review Conclusion

The majority of the Evestin Forex presentation is professional, and informative. The only areas of concern pertain to their lack of verified trading results, and their exorbitant monthly fee. For now, you should stick to trading tools that are known to perform well. Our recommendations are efficient and profitable.

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