Super EZ Forex comes with different trading indicators that serve as a trend indicator on all time frames. The developers do not provide any information on their whereabouts or portfolio and only offer downloadable software that can help make trading decisions. The only way to get in touch with the company is to use their email id.
The system is available for a single price of $299 + tax and includes two licenses. Any additional keys will cost $149. The price is pretty high for a system that has no live or demo results. There is no money-back guarantee after you purchase their indicators. The simplicity dashboard scanner is sold for $169 + tax, and the monthly signals membership is for $69.
The indicators are able to perform on any time frame of traders choice and any currency, stock, indices, metal, and cryptocurrencies. For getting alerts about a particular trend, it is possible to set up mobile and email alerts. It works with all trading styles and sessions. The coding language of the indicator is MQL4, so you can not use it on the MT 4 charts. As the system is the indicator, there is no preference for brokers and minimum deposit.
Super EZ Forex Trading Approach
Access to the strategy is present for those who purchase the trading system. From the videos on the website, we can conclude that you need to have a good knowledge of price action trading to trade profitably. The websites indicate that the indicators do not repaint, which is quite the opposite of what they state. Their so-called evidence dot does move the price of arrows which makes it a perfect example of repaint indicators.
For placing a trade, a trader must use confirmation from three indicators i..e, arrow, smileys, and red or green circles. It can take a lot of time before all three line up, and even if they do, a position can still result in a loss.
The website provides no backtesting results of the system. There is a video that shows how some specific trades went with the indicator. However, it is pretty easy to show a few good positions with any algorithm.
Super EZ Forex Live Trading Results
There are no live results available from the developers of the algorithm. To provide insight into their program and convince people to buy it, they should have used and traded with the indicator themselves. Live performance in their video can not be verified as we can not witness any statements or the main bar of MT4, which shows the account type.
What are the Risks with Super EZ Forex?
We can observe the following risks while trading with Super EZ Forex:
- The system repaints itself. You can get a sell trade in one moment and a buy on the next, which can be confusing.
- There are no backtest or live results available. Therefore, you can not trust your money with something that has no statistics or past performance.
- Traders who have little knowledge of price action may not comprehend the indicator as it requires manual intervention.
- It costs too much money for something that has no transparency.
There are no reviews available on popular review platforms such as Forex Peace Army. The company also indicates that they reserve the right to do business with whoever they place, so do not be amazed if they block you right after purchasing.
What are the pros and cons of investing in Super EZ Forex?
- A satisfactory trend indicator
- Frequent repaints can be detrimental
- No transparency
- Huge price
- Do not provide live results
For any indicator, it is essential to determine if it repaints or not. Stay away from systems that constantly provide different trade directions.
There are tons of indicators in the market that promise to provide over 80% win rates on each trade. However, they have no proof of live results, which raises huge suspicions over the profitability of the algorithm. The Super EZ Forex system is no different than others. It asks for a considerable price for mere trend indicators that are available for free in most cases.