Falcor EA Review
Welcome back to our best ea forex blog! For today’s article, we will be doing a Falcor EA review. As we usually do on our website, our team will find, study, and analyze the most important features, settings, strategies, and the overall performance of this Forex robot. So, if you are interested in purchasing this EA shortly, you should keep reading this post to the very end.
What is Falcor Forex EA?
Falcor Forex EA is an automated Forex trading robot that works on the fx market. It operates with the MT4 platform, as many other EAs available online, and trades 24 hours a day for 5 consecutive days. All of this happens while you rest. So, one of the features the developer makes stand out is the 100% automated system it operates with. This bot can open, close, sell and trade all on its own without human help.
Also, this EA trades with multiple currencies available, which is very beneficial for the most advanced and experienced traders that are always looking for new bots that operate with the major currencies available. Because these provide the most profit at the end.
Apart from this, Falcor Forex EA was made from the famous vendor ForexRobotTrader. This company has many bots available online, both free and paid. But, for some reason, this bot is one of the least known ones by the traders. This must be because the whole strategy behind this Forex robot is more simple than the rest since it is based on price action.
Although, this doesn’t mean in any way it works in a bad way compared to the rest. So, this one is more like beginner-friendly. Because all features are quite standard.
Falcor Forex EA Features
- 100% automated trading.
- Price action strategy.
- Trades on all major currencies available.
- No lagging indicators.
- It is beginner-friendly.
- Easy setup.
- Innovative coding.
- Trades on all account sizes.
Who is behind Falcor Forex EA?
While doing reviews we like to study the creators and team behind the bots. So, for this Falcor Forex EA review, we will be looking for information about the vendor, creator, and developers that work on this company.
Overall, we could only find information about the lead creator of these EAs. And, this man passed away a while ago. His name was Don Steinitz and he had the idea of creating ForexRobotTrader. But, there is no information about his death on the website. It almost looks as if it’s being covered up. Although you can read his biography on the “About Us” section at the top of the page.
In other words, there is no information about the location of the company or anything. Also if you wish to contact support, you must file a request. And supposedly they will contact you as soon as they can with help.
In this section of our Falcor Forex EA review, we will be studying the whole performance of the bot while trading on the ever-changing Forex market conditions.
According to the information provided on the Falcor EA official website, the trading logic this bot operates with is based on price action. This allows it to find the trades as soon as they happen. So, it is not relevant to analyze what the price did in the past. This EA was made to trade the present moment with live results. So, the developers make an emphasis on this topic saying “the past can’t predict the future”.
In other words, this EA trades with all major currencies available like AUDCAD, CADJPY, NZDCAD, EURJPY, EURUSD, NZDJPY, USDSGY, GBPUSD, GBPJPY, EURAUD, USDCHF, EURCHF, GBPCHF, CADCHF, USDCZK, EURGBP, and many more.
The little downsides, as we have seen in most ForexRobotTrader products are the lack of information about the whole process behind the strategy of the bots. And with Falcor Forex EA we face the same problem once again. So, they haven’t updated any of that information for the new clients.
The timeframe between each trade is mostly unknown because we cannot find information related to that topic on the sales page. But, some good news is the bot can operate on any account size with no minimum deposit required to start trading. And just like many other fully automated robots, it has customizable settings to match your strategy plan. So in general the trading strategy is similar like what we saw in our Forex Gold Investor review.
Another thing is the fact that all chart results provided on the official sales page are not verified by any third party broker like Myfxbook. People have asked countless times to prove live verified results.
Falcor Forex EA Packages/ Prices
As you know, this Falcor EA review would be incomplete if we didn’t provide you with the information about the pricing and packages available to purchase from the official ForexRobotTrader.com website.
So far, there is only one offer for this EA. It doesn’t come on a package or anything. So you buy it on its own as it is. Thankfully, the vendor is having a 50% off sale. And you can purchase this bot with half the price at the moment.
- Price: USD 199. Now with a discount of USD 99.
- Includes a free robot provided by the vendor.
- 1 license for 1 Forex trading account.
- 1 demo account available.
- Payment can be done with Credit Card or Paypal.
Pros & Cons
- Multiple currencies are available.
- Affordable price.
- Free EA with purchase included.
- It analyzes and studies the price point at the moment.
- Market adaptability.
- Can trade with multiple pairs at once.
- Trades only on the MT4 platform.
- No new information about the vendor.
- Timeframe unknown.
- Chart results provided are not verified by any third party websites.
Conclusions Falcor EA Review
We have finally reached the end of our Falcor EA review. At this point, we are all used to the pros & cons when purchasing a ForexRobotTrader bot. So, even though there are a few downsides and some information is lacking about the EA’s performance, we think it has potential. You should give it a try now that the price is super affordable. But, don’t forget to let us know what are your final thoughts about this review. Also next week we will be doing a special Forex Trend Detector Review.