Welcome back! We’re prepared for you a brand-new review. It’s time to talk about the EFC Reversal EA robot. Let’s check their presentation in order to make clear what’s up with it.
The forex robot has been designed to work on the MetaTrader 4 and MetaTrader 5, as well as, the NinjaTrader 7 and NinjaTrader 8 platforms. EFC Reversal EA automatically takes reversal trades based on reversal indicators.
After that, we’ve got a video with a completely stupid background sound that shows these guys who created it were not professionals. During the two years period, the video has got 3 comments.
We’re suggested to read explanations about how the take profit and stop-loss systems work. “The benefit of having a 1 risk to 3 reward ratio is that you only have to win 33% of your trades to be profitable and the EFC Robot wins much more than that!” they said. We sure it’s so far from reality because we haven’t seen any robot who trades with profit factor 3.
On page eight, we understand that it’s another the “wall-of-useless-text” presentation because there are only screenshots and text without any of link or real backtests.
The main strategy is all around reversal trading.
So, how devs said it didn’t matter what time frame you use the robot can fit it without problems: from minutes to months.
EFC Reversal EA Trading Results
We’ve got a screenshot of a backtest USD/CAD currency pair. The robot has managed to run with a 2.54 profit factor. The drawdowns were about 12%. The short position win rate was 61%. The long positions one was 50%.
Does anyone want to work for free for a no-name company? Where are the rest of the endless backtests?
So, it’s another average lie. The top robots like Forex Fury or WallStreet even don’t cost $700.
So, we’re offered by two packages of the robot. The first one called “Starter Pack” includes the robot itself, Special Strategy Report, Backtest (?), chat support, step-by-step instruction videos, and 30-day money-back guarantee. This is for the $150 price. The Premium package includes all the features and enhanced by the Indicator provider called EFC Indicator, EFC Scanner, EFC Dashboard and costs $200.
The devs provide EFC Scanner with some predictions about where and when the market will go. This feature is only available on the Meta Trader 4 platform.
The signal spreadsheet is available on the Meta Trader 4&5 and provides the signals.
They’d like to charge $500 for the support but decided to give it for free. Lol! What?! No one charges for supporting their own product! It’s nonsense!
We like how they charged their prices without any background researches or traders’ experience.